ELECTRIC RAILWAY SECTION OF THE COMMERCIAL & FINANCIAL CHRONICLE. Copyrighted in 1910 according to Act of Congress, by WILLIAM B. DANA COMPANY;in office of Librarian of Congress. Washington, D. C. Vol. 91. NEW YORK, OCTOBER 1, 1910. No. 2362. ELECTRIC RAILWAY SECTION. The Electric Railway Section. issued three times a year. in February. June and October. is furnished without extra charge to every annual sub- scriber of the Commercial and Financial Chronicle. The Railway and Industrial Section, issued quarterly on the last Satur- day of January. April, July and October, is also furnished without extra charge to every Chronicle subscriber. The Railway Earnings Section, issued monthly, containing the sworn returns of earnings and expenses filed each month with the Inter -State Commerce Commission, Is likewise furnished without extra charge to every annual Chronicle subscriber. The State and City Section, Issued semi-annually on the last Saturday of May and November, Is also furnished without extra charge to every subscriber of the Chronicle. The Bank and Quotation Section. issued monthly, Is also furnished without extra charge to every subscriber of the Chronicle. The Bankers' Convention Section, issued yearly, giving the detailed pro- ceedings of the annual convention of the American Bankers' Association. Is likewise furnished without extra charge to Chronicle subscribers. Terms for the Chronicle, including the six Supplements above named. are Ten Dollars per annum within the United States. Thirteen Dollars (which Includes postage) in Europe, and $11.50 in Canada. File covers of the Chronicle are sold at 50 cents each; postage on the same is 18 cents. File covers for Supplements can be had at same price. CHICAGO OFFICE—Pliny Bartlett, 513 Monadnock Block. LONDON OFFICE—Edwards & Smith, 1 Drapers' Gardens, E.C. WILLIAM B. DANA COMPANY, Publishers, Front. Pine and Depeyster Streets, Post Office Box, 958. New York. THE NEED OF STANDARDIZATION IN ELECTRIC TRACTION. Of all the subjects presented for consideration at the various conventions held during the summer here and in Europe by professional railway engineers,' none is likely to sink more deeply into the mind than that of the need of standardization as propounded by Mr. George Westinghouse. The President of the American Society of Mechanical Engineers in the com- prehensive and illuminating review on the "Electri- fication of Railways," read at Birmingham before the joint assembly of the English and American Associa- tions of Mechanical Engineers, summed up with con- vincing force his main thesis that the time has come for railway companies to select and accept an elec- trical system embracing fundamental standards of construction. Both here and abroad electric railways of various types have been in operation long enough to afford careful comparisons of their respective ad- vantages and disadvantages from which reasonably safe conclusions may be drawn. Original electric roads stand well on their own footing. The future of their development presents boundless possibilities, but their initial requisites in construction, capitaliza- tion, equipment and organization are well understood, having borne the test of practical experience. The later application of electricity to the older sys- tems of steam railroads has also passed the stage, of doubt and experiment. It may be said to have even triumphed in successful instances over the obstacles of skepticism and negation. Whether electricity will be commercially a partner with steam in railroad trac- tion, or is destined:to supersede it wholly, may be left to be determined by the natural course of events. Of the progress of electrification there can be no doubt. In Great Britain there are now 18 railways operated wholly or in part electrically, working over an approxi- mate length of 200 miles of route and of 410 miles of track. These railways are worked by 87 locomotives and 821 motor coaches. In the United States the extension of electrification along the trunk lines may be regarded as within measurable distance, as import- ant lines, like the Lackawanna and Boston & Maine, are considering the advisability of following examples already well tested. The introducer of the pneumatic brake, automatic electro-pneumatic signals and the' alternating -current system of generation and distribution of electricity by transformers has no reserve in his belief that the sys- tematic electrification of steam railroads will be grad- ually brought about. Electricity increases the capac- ity of a railway and its stations. The elimination of smoke is the most obvious instance. It admits of greater economies of operation and possesses numerous other comparative advantages. When steam railroads were in their infancy, great mistakes were made in the laying out and construction of tracks which have needed subsequent rectification at a cost that has in- volved heavy extra financial burdens upon the coin- panies. In the case of English railways the want of imaginative foresight and too rigid an adherence to custom has too often been prohibitive of reconstruction in the way of providing clearances for new develop- ments and changing conditions of traffic. Such mistakes Mr. Westinghouse would have the railway companies of to -day avoid. Especially is it incumbent upon them to come to a common agreement upon a standard of construction which may inure a continuance of that interchange of traffic which has become practically universal, to the great advantage of transportation Companies and to the public. The lesson of experience should not go unheeded. The broad gauge of the Great Western Railway of England had excellent recommendations and as a track was superior in many ways. But its advantages were more than counterbalanced by its difference from the standard gauge generally adopted by the other rail- ways of the country, and its transformation became a necessity if the railway was to maintain its position. In the United States, similarly, where in ' 1878 there Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Transcript
ELECTRIC RAILWAYSECTION
OF THE
COMMERCIAL & FINANCIAL CHRONICLE.Copyrighted in 1910 according to Act of Congress, by WILLIAM B. DANA COMPANY;in office of Librarian of Congress. Washington, D. C.
Vol. 91. NEW YORK, OCTOBER 1, 1910. No. 2362.
ELECTRIC RAILWAY SECTION.The Electric Railway Section. issued three times a year. in February.
June and October. is furnished without extra charge to every annual sub-
scriber of the Commercial and Financial Chronicle.The Railway and Industrial Section, issued quarterly on the last Satur-
day of January. April, July and October, is also furnished without extracharge to every Chronicle subscriber.
The Railway Earnings Section, issued monthly, containing the swornreturns of earnings and expenses filed each month with the Inter-StateCommerce Commission, Is likewise furnished without extra charge to everyannual Chronicle subscriber.The State and City Section, Issued semi-annually on the last Saturday
of May and November, Is also furnished without extra charge to everysubscriber of the Chronicle.The Bank and Quotation Section. issued monthly, Is also furnished
without extra charge to every subscriber of the Chronicle.
The Bankers' Convention Section, issued yearly, giving the detailed pro-ceedings of the annual convention of the American Bankers' Association.Is likewise furnished without extra charge to Chronicle subscribers.
Terms for the Chronicle, including the six Supplements above named.are Ten Dollars per annum within the United States. Thirteen Dollars(which Includes postage) in Europe, and $11.50 in Canada.
File covers of the Chronicle are sold at 50 cents each; postage on the same
is 18 cents. File covers for Supplements can be had at same price.
WILLIAM B. DANA COMPANY, Publishers,Front. Pine and Depeyster Streets,
Post Office Box, 958. New York.
THE NEED OF STANDARDIZATION IN
ELECTRIC TRACTION.
Of all the subjects presented for consideration at
the various conventions held during the summer here
and in Europe by professional railway engineers,'
none is likely to sink more deeply into the mind than
that of the need of standardization as propounded by
Mr. George Westinghouse. The President of the
American Society of Mechanical Engineers in the com-
prehensive and illuminating review on the "Electri-fication of Railways," read at Birmingham before the
joint assembly of the English and American Associa-
tions of Mechanical Engineers, summed up with con-
vincing force his main thesis that the time has come
for railway companies to select and accept an elec-trical system embracing fundamental standards ofconstruction. Both here and abroad electric railwaysof various types have been in operation long enoughto afford careful comparisons of their respective ad-vantages and disadvantages from which reasonablysafe conclusions may be drawn. Original electricroads stand well on their own footing. The future oftheir development presents boundless possibilities,but their initial requisites in construction, capitaliza-tion, equipment and organization are well understood,having borne the test of practical experience.The later application of electricity to the older sys-
tems of steam railroads has also passed the stage, ofdoubt and experiment. It may be said to have eventriumphed in successful instances over the obstacles
of skepticism and negation. Whether electricity willbe commercially a partner with steam in railroad trac-tion, or is destined:to supersede it wholly, may be leftto be determined by the natural course of events.Of the progress of electrification there can be no doubt.In Great Britain there are now 18 railways operatedwholly or in part electrically, working over an approxi-mate length of 200 miles of route and of 410 miles oftrack. These railways are worked by 87 locomotivesand 821 motor coaches. In the United States the
extension of electrification along the trunk lines may
be regarded as within measurable distance, as import-ant lines, like the Lackawanna and Boston & Maine,are considering the advisability of following examplesalready well tested.The introducer of the pneumatic brake, automatic
electro-pneumatic signals and the' alternating-currentsystem of generation and distribution of electricity bytransformers has no reserve in his belief that the sys-tematic electrification of steam railroads will be grad-ually brought about. Electricity increases the capac-ity of a railway and its stations. The elimination ofsmoke is the most obvious instance. It admits ofgreater economies of operation and possesses numerousother comparative advantages. When steam railroadswere in their infancy, great mistakes were made in thelaying out and construction of tracks which haveneeded subsequent rectification at a cost that has in-volved heavy extra financial burdens upon the coin-
panies. In the case of English railways the want ofimaginative foresight and too rigid an adherence tocustom has too often been prohibitive of reconstructionin the way of providing clearances for new develop-ments and changing conditions of traffic.Such mistakes Mr. Westinghouse would have the
railway companies of to-day avoid. Especially is itincumbent upon them to come to a common agreementupon a standard of construction which may inure a
continuance of that interchange of traffic which hasbecome practically universal, to the great advantageof transportation Companies and to the public. Thelesson of experience should not go unheeded. Thebroad gauge of the Great Western Railway of Englandhad excellent recommendations and as a track wassuperior in many ways. But its advantages weremore than counterbalanced by its difference from thestandard gauge generally adopted by the other rail-ways of the country, and its transformation became anecessity if the railway was to maintain its position.In the United States, similarly, where in ' 1878 there
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ELECTRIC RAILWAYS IVOL. Lxxxxq
were 12 different gauges of railroad tracks, as well asin Canada, the various gauges, differing from thestandard Stephenson gauge of 4 ft. 83 in., have indue course been brought to uniformity. This hasbeen effected by great engineering feats, but the lossesentailed by the change of gauge and equipxnent haveto. a certain extent crippled the railways by the addi-tional capital changes necessitated.
Diversity in the size, pattern and details of con-struction of locomotives, cars and apparatus, accordingto the particular originality of design and individualpreferences of the companies using them, is not to bediscouraged in the effort to bring about a betterstandardization.To check variety and inventiveness in these par-
ticulars, or to stereotype the details of equipment inwhat is ,after all, an early stage of development,in anyway that would arrest that development, would be adisastrous mistake. But progress, in the judgmentof Mr. Westinghouse, can be best carried on by adefinite agreement upon fundamental requirementsfor electrically-operated railways, while allowing fullplay for characteristic variety. There should bestandardization, he urges, on the method of supplyingelectricity of uniform quality as to voltage and perio-dicity, and conductors to convey this electricityshould be so uniformly located with reference to therails that, without change of any kind, an electrically-fitted locomotive or car of any company can collectits supply of current when upon the lines of othercompanies.Thus the main dangers to be averted, apart from
different gauges of track, are obstacles to the inter-change of traffic arising from the employment of thedirect current, the three-phase and the single-phasesystems independent of and without relation to eachother, and from the construction of locomotives thatmay be useless on other lines which have adopted adifferent method of the transmission of electricity.Not the least interesting part of Mr. Westinghouse's
paper is that giving comparative data on the electriclocomotives of American design already tested byregular use on the New Haven, the Grand Trunk, thePennsylvania, the New York Central, the Baltimore& Ohio, the Great Northern and the Paris-Orleansrailroads. The types differ greatly, and as locomo-tives equipped with each of the three types of motorshave by successful operation demonstrated their prac-tical efficiency in usefulness, capacity and reliability,both for passenger and freight service, no dominatingsuperiority has yet been shown in one case over theothers. Fortunately the rivalry which might have re-tarded the desirable consummation of agreement upona standard locomotive has been kept within friendlybounds by the local necessities of the trunk lines enter-ing New York. The New Haven road, under legalrequirements, was compelled to operate its trains oversome suburban mileage of another road alreadyequipped with the direct current third-rail system.But having determined on extending electrificationover its own road to serve other congested centresof traffic, it selected the single-phase system. Theapparent antagonism was overcome by the construc-tion of a locomotive capable of operation both on single-phase and direct current. There are 41 of these loco-motives in use, with excellent records of continuousservice. Thus by a happy combination of circum-
stances a great step was made towards the establish-ment of a standard locomotive adapted to a the inter-change of traffic on different roads. In the interestsof national transportation no better result could havebeen wished.Minor fundamental requirements mentioned by
Mr. Westinghouse include uniform apparatus for thecontrol of the electric supply by which two or moreelectrically-fitted locomotives or cars from differentlines can be operated together from one locomotiveor car. Some of these standards for electric tractionin regard to safety, speed and comfort are common toelectric and steam railways alike. Such equipmentcovers a standard or interchangeable type of couplingfor vehicles, a uniform interchangeable type of brakeapparatus, an interchangeable heating apparatus anda uniform system of train signals. Conference and co-operation between the standardization committeesof the steam and railway organizations, which are pur-suing the same object on parallel lines, is extremelydesirable for the future welfare of the railroad indus-try and the railway system of the country as a wholefrom the standpoint of public service. That the Cen-tral Electric Railway Association is working alonglines, full development of which is suggested by Mr.Westinghouse's address, is evident from the recent pro-ceedings of its standardization committee. Couplers,headlights and various other equipment details werethe subject of its deliberations, with the view to thegeneral adoption by its members of standard patterns.Much advance may be expected during the coming falland winter as the result of earnest work devoted to theestablishment of standards in electric traction, owingto the growing sense of their importance.
THE BRAIN CONTROL OF ELECTRICMACHINERY.
It has been said that invention in mechanical ap-paratus for driving an electric locomotive has reachedsuch a pitch that the human factor required for itsoperation has been almost eliminated. All that re-mains for the operating engineer to do is the exerciseof a slight degree of will power in starting the car ortrain by switching on the current, controlling its actionand turning it off when necessary. Electricity doesthe rest, and the operator, by the continued exerciseof these simple functions, becomes a mere automa-ton, having small scope for the display of any specialintelligence. The skilled artisan, it has been conse-quently suggested, is placed, under the new dispensa-tion, on a dead level with the novice. Mechanicalaccuracy has taken the place of the brain, and the hu-man liability to error, some go so far as to assert, hasbeen minimized in the operation of trains.A certain amount of latitude may be allowed to the
inventors and makers of scientific apparatus in theenthusiastic appreciation of the delicate precision andpractical working of the instruments designed andcreated by them. One may marvel at the labor-savingdevices and ingenious mechanism being introducedinto the methods of operating railways, which havedone away with much of the physical effort and dis-agreeable toil which are more or less inseparable fromthe duties of the steam locomotive's engineer. But aword of caution is imperative if anticipation of bring-ing the application of electricity under such controlthat the running of a train is reduced to a few simpleroutine operations should lead to the employment inresponsible posts of men of less individual intelligence.
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OCT., 1910.] ELECTRIC RAILWAYS 3
Grave peril may be apprehended to the community ifin the useful class of public servants engaged in theoperation of cars and trains a lower average of mentalcapacity should be thought to be sufficient, owing tothe improvements of electrical apparatus and the easeand efficiency with which it is worked.However fully science may be pressed into the per-
formance of public utilities as a maid-of-all-work, thehuman brain can never be displaced as the controllingpower. The operator may become more or less of amachine in exercising the routine functions of the in-struments placed in his charge; but the risk of acci-dent is never absent from his post, and a s ipremetest, involving the safety of life and property, may beput upon him at any moment. It is another case ofthe "man behind the guns."Were there a likelihood that the directors of street
railway companies should give way to a tendency tolower the standard of this class of employees, the pub-lic would make loud protest whenever a disa3ter wasdirectly attributable to ignorance or defective intelli-gence. Fortunately, this need not be consideredmore than a chance. The systematic instruction andtraining of employees for their duties by the railwaysis being carried on by the larger companies ,in many in-stances with good results. A guide drawn up inpamphlet form by the Brooklyn Rapid Transit systemfor the instruction of student conductors epitomizesthe multifarious duties in which the conductor is calledupon to exercise thought until it is a matter of habit.Such thorough training is even more important inthe technical knowledge required by motormen foroperating the car or train; while the exercise of inde-pendent judgment in case of an emergency is equallyto be encouraged.That the true interests of the companies lie in this
direction for successful operation of their roads andtheir material prosperity, might be taken as self-evi-dent but for cases that arise, showing that the advan-tages to be derived have been overlooked or neglected.The value of keeping the employe's mental facultiesalert in the technical part of his occupation, so as tolead him to use his instruments with full knowledgeand ripening experience of their efficiency and limita-tions, is well seen in the practical use of coasting regis-ters and current clocks, one of the latest instances ofimproved economical operation of electric traction.A paper contributed by H. St. Clair Putnam to the
American Institute of Electrical Engineers records theresults of the elaborate series of coasting tests carriedout on the Manhattan Railway, New York, in thecourse of the past twelve months. They confirm con-clusions of similar experiments undertaken on thePhiladelphia Subway and on the interurban section ofthe Atlantic City & Shore Railroad.
Coasting, as defined by Mr. Putnam, is the recoveryof power already used. Engineers have long recog-nized that a material saving in power could be realizedin electric railway operations if the motormen could beinduced or trained to operate the trains in a mannerapproximating to speed-time calculations previouslyworked out in theoretical calculations. The tests werespread systematically on portions of the Manhattanelevated lines over periods of weeks and months dur-ing the spring and summer. As a final result, it wascalculated that they showed by the use of the coastingclock an increase in the percentage of coasting from12% to 37.5% as the motormen became familiarizedwith the use of the clock. This, it is estimated, wouldeffect a saving of 24% in the power required for trac-tion. The better operation of the train by the motor-man, Mr. Putnam believes, resulted in the saving ofpower through the increase in the coasting time. Thecoasting clock gives a direct measure of the power re-covered by the motormen, and as this recovery canalso only be made by cutting off the power applica-tion sooner, it is the most effective element in trainoperation to measure. At the same time, it concen-trates the motorman's attention on that element ofoperation which is the direct reason for the saving in
power which results from changes in the methods em-ployed as to the other factors of operation.Much attention has been given in Germany to the
invention of instruments for measuring the time spentin acceleration of trains, and clocks for obtaining com-parative records on this point have been adopted ex-tensively in that and other European countries. It isclaimed for the coasting register, taken in connectionwith the clock's action, that the record of the timespent in coasting possesses certain advantages overthe record of time spent in accelerating, partly becauseit concentrates the attention of the motorman uponthe importance of increasing the period during whichthe train is in motion without taking power from theline, and partly because it measures both the efficiencyof accelerating and the efficiency of braking. Byits special mechanism the clock starts only after thepower has been turned on and then turned off, andstops as soon as the air-brakes are operated. At theconclusion of each trip or day's work, the motormanhands in the record of the register, from which thesuperintendent can see the total coasting time of eachman, thus making a test of comparative efficiency.The mechanism of the coasting clock is much the
same• as that manufactured for factory and office usefor recording the time of employees. For its specialpurpose a braking device is added to the balance wheelescapement. This is lifted free from the balance wheelby an electro-magnet which is energized only duringthe coasting of the train, thus permitting the clock torecord the coasting time only. The electric circuitscontrolling the clock are interlocked with the mastercontroller and the brake mechanism. The operationof the clock is stopped as soon as the air brakes areoperate 1 and the brake cylinder has started to moveto the braking position. To each motorman is givenan individual key, which he inserts on taking chargeof the train and again on leaving. The turning ofthis key records the motorman's number or initials,and the time as shown by the clock mechanism; thedifference in the time between the two records madeby the key represents the total time of coasting duringthe run. The slip record is checked up with the mo-torman's running time, and the motorman's individualrating is based upon the average results of a week or amonth, as may be selected. As regards acceleration,an important saving of flower is obtained as the maxi-mum speed reached is less with a high acceleration,and consequently the train resistance is somewhat less.Of more importance is the fact that the energy absorbed and lost in braking is less when the speed at thestart under a high rate of acceleration is less than witha lower rate. As regards braking, perfection is muchmore difficult of attainment by the motorman thanacceleration, as the train must be stopped at the stationwithin a space limited to a few feet. As over-runningthe station causes serious delay, the exercise of greatjudgment by the motorman is called into play, as hemust calculate his distance nicely, also the speed,and grade if any, as well as the weight of his train.
It is pointed out by Mr. Cyril J. Hopkins, in anotherpaper on economy of car operation, that a motorman'sskilful braking adds greatly to the comfort of thepassengers. Riding is pleasant during coasting tothe passengers, but sudden jars and stops caused by badbraking are alike disturbing to the passengers' equanimi-ity and expensive to the road's management, inasmuchas the cost of brake up-keep is usually the largest itemamong the niaintenance charges. By the use of coast-ing signs and clock registers, the motormen have sometangible means of realizing what has happened and aremore impressed by the importance of their operation.In the case of the Philadelphia Subway, the installa-
tion of coasting signs led to the reduction of energyconsumption by about one-third, while the brakemaintenance was also lessened by almost the sameamount. Such a saving more than repaid the com-pany for the trouble and expense of giving instructionto its motormen. An objection is often raised thatit is difficult to make the motormen carry out the
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4 ELECTRIC RAILWAYS [VOL. Lxxxxi.
coasting as desired; but, as Mr. Hopkins remarks, it ishardly likely that the motormen will be interested inmaking the effort to operate economically unless thehigh officials of the railway are sufficiently concernedto see that careful instruction is given and that inter-est is fostered by encouraging the intelligent apprecia-tion of their work in its technical details. If that endbe pursued, and the standard of fitness be maintainedin the selection of the men, the deterioration of theoperators as a class into mere automata, as brainlessas the instruments which they are set to control, witha greater liability to error and breakdown, need in nodegree be feared.
ELECTRIC STREET RAILWAY PROGRESSIN ENGLAND.
Consular reports testify to a prosperous state ofaffairs in the electric railroad systems of England.Taking the passenger transportation figures as a whole,there seems to be a decided and satisfactory increasein street traffic carried on by the electric tram car ortrolley, as it is known in America, no less than in thenewer system of underground tubes, electric suburbanlines and electrified steam roads. Though the Britishcensus as regards the industrial enumeration of thepeople is by no means as complete as the American,it will be possible to draw from next year'srecord of the increased population some interestingconclusions as to the change of habits induced by thegreater facilities given by street railways through thegeneral introduction of electric traction motor 'busesand other means of speedy transit, Which have su-perseded the horse in an even greater measure thanhorse-drawn vehicles took the place of pedestrianlocomotion.
Nowhere has a change of this sort been more markedthan in London. The reason is not so much becauseof the metropolitan character of the city with vastpossibilities of increasing its population in every direc-tion on its outskirts. London in its local configurationis like a gigantic spider's web with no natural obstaclesto the expansion of its outer rings. In this it differsfrom several of the chief cities of the United States,which have limits on one side or another. East andWest, North and South, its diameter is thirteen mileseither way, with no defined boundary to stop the sub-urban areas. Ten years ago the greater part of thestreet car traffic was carried on by horses. The elec-trification of these old tram lines has proceeded rapidlyin the last few years, and London, instead of being aby-word for dilatoriness in comparison with the greaterprovincial towns of Great Britain in respect of streetpassenger transportation and in the municipal enter-prise of owning and controlling tramways or streetrailways, is now well abreast of the times, both inEurope and the United States, which led so far at thestart.This is well seen by the fact that in the year ended
last March 31 the electric tramways alone carried451,000,000 passengers, as against 314,000,000 in theprevious year, an increase of 137,000,000, or 43.6%.In four years the London County Council, the chieflocal authority of the metropolis since the reorganiza-tion of London's municipal government twenty-twoyears ago, has nearly doubled the mileage of the elec-tric tram lines under its control, and placed 1,200electric tramway cars on the streets of London. It nowcarries on traffic over 11314 miles of electric lines and19 miles of horse lines, which convey 8,000,000 pas-sengers weekly and yield an average gross weekly.revenue of $275,930. Further powers are being askedfrom Parliament for the construction of 223' milesof electric tramways as distinguished from horse andmotor omnibuses, and when all the plans at presentcontemplated are executed, London will have approxi-mately 150 miles of electric tramways estimated tocarry about 150,000,000 passengers a week. Thepurchase of old horse lines and the conversion intoelectric lines has involved the heavier outlay, owingto _many instances of narrow thoroughfares. These
older routes, routes, most of which have been electrified, andthe construction of new electric tramways have costthe municipality $52,071,550.As an instance of the successful working of street
railways in the larger provincial cities of England, thecase of Sheffield may be cited as typical. The tram-way system of the city is owned by the municipality,which took over the original private companies' un-dertakings and has extended their operation. Theyear ending with last March produced a profit of $191,-020, an increase of $17,256 over the previous year.The car miles run were 7,459,911; the passengerscarried out of a population of nearly half a millionwere 78,620,798, as against 76,356,031 in the previousyear and 27,464,259 ten years ago. The traffic re-ceipts were $1,441,700 last year, $1,391,585 in thepreceding year and $519,022 ten years ago. Variouscharges of interest on stock, mortgages, street improve-ments and the sinking fund for the repayment of loansaccounted for $381,222 out of the gross profit madeof $572,242. The capital expenditure now amountsto $4,882,686, having increased by $208,072 in thepast year. The total income for the twelve mond swas $1,455,590 and the total working expenses $883,-348.The service rendered was given at an average cost
of 11.68 cents per car mile run. Passengers traveledon the average, according to the scale of fares, half amile for 1 cent, miles for 2 cents, 3 miles for 3 centsand 5 miles for 4 cents. The average per mile was0.836 cent. The result was considered satisfactoryenough for the tramway management to reduce therates of fare by raising the age limit of half-fare forchildren from 10 years to 12 years.
It may be said the increased traffic of the streetelectric railways has been won at the expense of otherkinds of transportation. The competition with auto-mobile vehicles, motor 'buses and in some places track-less trolleys has been keenly maintained. Doubtlessthe complaint of the trunk steam railroads that theirrevenues during the last few years have been dimin-ished where their lines were paralleled by municipal-owned tramways was not without reason, though thecongested state of the great London terminals in andnear the heart of the city, morning and evening,proves that their suburban traffic from the quickerexpress service given is still one of the chief sourcesof profit to the companies, justifying the original outlayon the central stations. That much of the lost trafficmay be won back has been shown by the practicalsuccess of the London Brighton & South Coast Rail-way, which electrified its South London suburbandivisions and is now reaping a substantial reward.The example has already occasioned the likelihoodof important railroads in Manchester and other centresof population undertaking the electrification of theirsuburban areas. These non-electrified steam roadsare suffering more severely from the competition ofthe tube electric and underground railways, the lasthalf-yearly reports of which, in most cases, declaredthat satisfactory results were being given, owing toexpanding revenue from fares and savings in operatingexpenses. •As against the street electric trolley cars and the
motor omnibuses, the tube electric railways are morethan holding their own. The Metropolitan DistrictRailway, which its General Manager on his retirementrecently intimated had been saved from wreck byelectrification in the darkest hour of its fortunes, hasa steadily improving passenger traffic, and was able toshow an increased revenue for the six months of$133,635. It was, moreover, able to raise its faresin spite of competition. The average customary lowfare is a stumbling block in the way of earning profitsabove the usual 2M or 3%. It is a complaint that thelow fare prevents a proportionate return upon the in-creased number of passengers carried, inasmuch asthe Central London, for instance, made a gain inpassenger traffic of '9%, whereas its remuneration forthe extra•carriage showed an increase of only 2%.
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ELECTRIC RAILWAYS.SECURITIES AND REPORTS.
This is one of our six Sections or Supplements. In using the series it is to be remember
ed that they are inter-dependent
publications, complete only as a whole. If utilized together, and with the fresh items of news
the "Chronicle" contains from
week to week, the investor will have all the information he needs in
seeking a safe and remunerative lodgment for his money.
Street and Electric Railways forcibly illustrate this inter-dependence. Such roads obviously rely for their income, and
therefore in great part for the value of their securities, upon the population and activity of the coun
try they serve. Hence
constant reference to our "State and City" section will be found necessary
by those wishing to purchase the stocks and bonds
of street roads. Population, assessed valuation, tax rate, total debts of the counties, cities and minor municipalities are
given at length in that publication, every one of which items is
an essential fact contributing more or less to any correct
estimate of the amount of suburban travel a given road commands.
The abbreviations used in our Electric Railway statements will be found explained in a table immediately following the
last statement in this publication.
A full Index, which shows where each railway will be found, is also given on the closing pages.
Other income_ 183,974 171,686 Balance, surp. 54,023 x22,163
x Deficit.OFFICERS.-Pres., L. F. Loree, New York; 1st V.-P.
, C. S. Sims; 2d
V.-P., W. H. Williams, New York; Sec. and Treas.. James McCredle, Al-
bany; Aud., G. W. Ogsbury; Gen. Mgr., Edgar S. Fassett; Supt., Chas. H.
Smith; Traffic Mgr., Chas. H. Armatage; Compt., W. H. Davies. Princi-
pal office, Albany.-V. 83, p. 1381; V. 84. p. 932, 1368. 1429.
(1) Hudson Valley Rallway.-A trolley road.In Dec. 1906 a majority of the stock and bonds was acquired by the
United Traction Co of Albany. V. 84, D. 51.ORGANIZATION.-Incorporated Aug. 15 1901 as a consolidation of the
Glen's Falls, Sandy Hill & Fort Edward Street By., Warren County Electric,By.. Stillwater 40 51echanleville Street By., Greenwich & SchuvlervIlleStreet Ry Co. Saratoga Traction Co. And Saratoga nr..-th.rra Ry thecapital stock of these roads being exchanged for stock in the new company.
See "Chronicle," V. 73, p. 391. Carries freight and express as well aspassengers. BO% private right of way. Franchises are all perpetual.
Owns all the stock ($200,000) and all the bonds ($200,000) of the North,
River Ry., a road operated In Saratoga by this company.
In 1906 part of the consol. 5s were converted into debentures in accor-
dance with a plan for the re-adjustment of the company's finances. V. 82,p. 1040. In March 1906 authorized $2,500,000 preferred stock to provide
for the convertible feature of the debenture "Bs." V. 82, p.751.
Common, $3,000.000, par $100STOCK AND BONDS.- Date. Interest. 0$u3t,s0t0a0n ,doiongo. MaturitY.
Preferred ($2,500,000 (seel See text.text). 5 % non-cumulativef
First consolidated mortgage) 1901 5 r J-J 2.222,000 July 1 1951$4,000,000 (denomination }Interest at Manufacturers' Nat, Bank, Troy.$1.000 gold) _ c*j May be called at 110 & int. on any int. date,
Collateral trust $650,000 1906 5 g $500,000 Mch 1 1911Deb. "A" Income $700.000 1006 5 g 474,000 Jan 1 1951Deb. "B" Income 52,500,000_ 1906 2 g 2,500.000 Jan 1 1951
Underlying Liens-GFSH &FEfirst M (no op)1 1801 6J-J 100,000 July 1 1911,$500 and $1,000) gold_ _ __c (Central Trust Co.. New York, Trustee.do 2d 11 ($500) gold__c.f 1893 6 J-J 50,000 July 1 ma.
lint. at Merchants' Nat. Bank, Glens Falls.do 3d M ($150,000) ___1 1901 6 A-0 82,000 April 1 1921
j May be called at 100 on April 11902.Still & Mech first mortgage f 1803 6 A-0 47,500 April 1 191a.
do do consol'(Bank of D. Powers & Sons, Troy, N. Y.. Tr
mtge 1898 6 A-0 202.500 April 1 1914
$250,000.,.I Glens Falls Trust Co., Glens Falls, Trnstee,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
s ELECTRIC RAILWAYS [V oL. Lxxxxi.
Bonds.- af the 34.000.000 mortgage of 1901 , $482,000 is set •aside forrior lien and $1,290,000 have been deposited as collateral for the collateral
trust 5s. The debenture "B" bonds are convertible into preferred stock toMarch 1 1917 inclusive. Collateral trust 55 are redeemable at par and inton 30 days' notice. Interest on the debenture "A" and "B" bonds isneither cumulative nor obligatory.REPORT.-For fiscal year ending Dec. 31 1909, gross, $614,475; net.$141,051; fixed charges, $241,362; deficit, $100,311.ROAD.-Main line extends from Troy northward along the Hudson through the villages and towns of Waterford, Mechanicville, Still
water, Schuylerville, 'ii m nn, Fort Edward. Sandy Hill, Glens Fallsand Caldwell to Warrensburg. The Saratoga Division, which branches offthe main line at Mechanicville, provides a line from Troy to Round Lake,Ballston Spa and Saratoga, with a branch from Saratoga Springs to GlensFalls, via South Glens Falls, which branch was completed in June 1903.There is also a branch line from Saratoga Springs to Kaydeross Park onSaratoga Lake and another from Thomson to Greenwich. Total first track,112.06 miles; second track, 4.40 m.; sidings, 9 m.; making a total of 125.46miles of track. Rails, 80, 70 and 80-lb. T and 140-lb. girder. Stand-ard gauge. Operates 94 passenger cars, 7 snow plows, 2 electric loco-motives and 7 express cars. Company owns Kaydeross Park, at SaratogaLake: Ondawa Park, between Greenwich and Thompson. V. 83, p. 155.213, 1098; V. 84, p. 51, 1366; V. 89. P. 285.
ALLENTOWN, PA.LEHIGH VALLEY TRANSIT CO.-A trolley road.ORGANIZATION.-Incorporated in Pennsylvania on Nov. 3 1905 andIs a reorganization under foreclosure of the Lehigh Valley Traction Co., the
Philadelphia & Lehigh Valley Traction C . ,the Allentown & Slatington andthe Copley Egypt & Ironton Street By., as per plan in V. 79, p. 733. 1462.Under agreement made in July 1901 cars of the Lehigh Valley Transithave their Philadelphia terminal in the Philadelphia Rapid Transit stationat Chestnut Hill. V. 85, p. 99. Has started through trolley freight servicebetween Allentown and Philadelphia. V. 91, p. 716.Owns the following stocks and leases:
Cap. stock.Name of Company-- Owned. Total issueAllentown Electric Light & Power Co. (common) $150,000 $150,000do do do do (preferred) 10,000 150,000Quakertown Traction Co 275,000 300,000*Chestnut Hill & Springhouse Turnpike Road Co 89,300 70,000Slatington Power Co 50,000 50,000Rittersville Hotel Co 100 ,000 100 ,000Allentown & South Allentown St. By AilAllentown & South Allentown Bridge Co All (2)Lease of Bethlehem & Nazareth Passenger Railway Co.; lease is for 999years at 5 % on stock and bonds.Lease of Quakertown 'Israc.• for $15,000 per annum. In Sept. 1910 LehighValley Tran. Co. decided to cancel this lease and build Its own line fromQuakertown to Perkasie. V. 91, P. 716.By ownership of a majority of the stock of the Allentown Electric Light &
Power Co. and all the stock of the Slatington Power Co., It controls thebusiness of the following light, heat and power companies:
Allentown Electric Light & Power Co.Bethlehem Electric Light Co. 1Leased to the Allentown ElectricSouth Bethlehem Elec. Light Co.1 Light & Power Co.Slatington Power Co.Citizens' Elec. Light, Heating & Power Co.1Leased to the Slatington
. of Slatington and Wainutport J Power Co.• Property condemned and company 's to liquidate.May 19 1910 stockholders voted a new mtge. for $10,000,000 with rightto increase to $15,000,000 in case it is ultimately decided to refund the firstmtge. due in 1935. New bonds are to be used to refund the debentures dueIn 1912; to effect an exchange of consol. mtge. bonds (90% in new 5%bonds and 10% in common stock to be exchanged for each $1,0004% consol.mtge. bond); and for Improvements, acquisitions, &c. See V. 90, p. 503.849, 1171, 1363.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common, $3,000,000, par $50. $3,000,000
Preferred, $5,000,000. par $501 5.000,000 ---- -5%, cum. after Nov 3 1910First mortgage, $5,000,000 1905 4-5 g M-S 4,700,000 Dec 1 1935gold $1,000) c Guaranty Trust Co., New York, Trustee.Consol mortgage, $7.500,000, 1905 4-5 g J-D 2,500,000 Dec 1 1935gold ($1,000) Lehigh Valley Tr. & S. D. Co., Allentown,Tr.Debentures $1,500,000 ($1,- 1909 6 g J-J 900,000 July 1 1912000) gold co Interest at Brown Bros. & Co., Phila.. Pa.Refund & Improvement mtge 1910 5% 1960$10,000,000 (see text) Leh. Val. Tr. & S.D.Co., Allentown, trustee.Quakertown Traction first- MI 1901 5 g M'S 300,000 Sept 1 1931$300.000 gold, $100, $200, Int. at Commonwealth Tr. Co., Harrisburg,500, $1,000) c* Trustee. Can be called at 105 and interestBeth & Nazar St By stock_ 150,000 5 % guarBonds 5 M-N 150,000 May 1 1929The Lehigh Valley Transit has agreed to guar. the int. on $500.000 bonds
of the Allentown & South Allentown Bridge Co. V. 85, p. 40. The latterhave not yet been Issued.
Stock.-Voting Trust.-Stock (both classes) was held in a voting trustfor three years from Nov.3 1905. Trust then extended until Nov. 3 1911,trustees having the power to terminate the trust earlier. V. 87, D. 1011,1533. For amounts of these voting trust certificates listed on the Phila.Stock Exchange, see V. 91, p. 154.Bonds.-Ot the $5,000,000 first mtge., $2,770,000 bear 4% interest and
are all out and $2,230,000 are 55. $300,000 of these bonds are reservedto take up the $300,000 Quakertown Traction bonds. See V. 82, p. 628.Interest at Brown Bros. & Co., Philadelphia. Of the $7.500,000 consols,$2,500 000 are 4s and the other $5,000,000 5s. The latter are reserved toretire the first mtge. The first mtge. bonds are redeemable on any interestdate, the 45 at 105 and the 5s at 110. Interest on the consol. bonds ispayable at the company's office or at office of Brown Bros. & Co., Phila.These bonds are not subject to call. Debentures of 1909 subject to callat par and interest on any interest date. V. 88, ro• 1437.ROAD.-Owns 109.3 miles of road and 14.5 miles of second track, con-
necting Allentown, Bethlehem. South Bethlehem, Hellertown, Nazareth,Siegfrieds, Copley, Catasauqua, Egypt, Emaus, Macungie, Slatington,Quakertown, Perkasie, Lansdale, Ambler and Philadelphia. Leases 10miles and controls 10.5 miles through stock ownership. Total operated,144.3 miles. A 1,700-ft. bridge between Allentown and South AllentownIs to be built by the controlled Allen. & South Allen, Bridge Co.REPORT.-For fiscal year ending Nov. 30 1909: Gross, $1,071,481; net,$523,290; fixed charges, $416,646; surplus, $106,644. In 1908, gross,$1.038,628; net, $477,386; fixed charges, $412,086; surplus, $65,300.OFFICERS.-Pres.. R. P. Stevens; V.-P., John n. Dawson; Sec. andTreas., Chas. N. Wagner; Aud., C. M. Walter.-V. 88, p. 823, 1373, 1437;V. 90, p. 167, 503, 849, 1171, 1363,1676; V. 91, p. 154, 716.
ALLENTOWN & READING TRACI ION CO.-A trolley road.ORGANIZATION.-Incorporated April 25 1898, and leased the Allen-town & Reading Electric Street By. for 290 years from June 4 1898. OnFeb. 6 1902 leased for 290 years the Kutztown & Fleetwood Street By.Controls the Kutztown Light, Heat & Power Co. Connects with UnitedTraction Co. tracks from Reading. thus formInga through line from Allen-town to Reading.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.Stock. 5750.000. $50 $250,000
First mortgage, $250,000, 1900 5 g J-J 250,000 July 1 1930gold, 4100, $500 and $1,000 Interest at Fidelity Trust Co., Phila., TrusteeFirst M Kutztown& Fleetw'd 1902 5 g J-J 200,000 Jan 1 1932$200,000, guaranteed p & IFirst consol mtge $750,000 1902 5 g J-J 300,000 July 1 1932gold ($500 & $1,000)__c&r Int.at Integ.Titie Ins.& Tr.Co..Phila..Trus.Loans and notes payable June 30 19G9 73.476 Bonds.-Of the $750,000 of new consols, $450,000 are reserved to retireprior liens. They are subject to call at par after July 1 1917; no sinkingfund. The first mmtgage bonds are redeemable at par.EARNINGS.-For year ending June 30 1909, gross, $163,123; net.$70,728; Int., rentals, &c., $69,388; surplus, $1,340.ROAD.-Operates 39.60 miles main line.7.50 miles sidings-tota1,47.10miles; 43 cars.
s OFFICERS.-Pres., H. E. Ahrens, Reading; V.-P., H. P. Roeper,Reading! Sec., S. K. Hoffman, Hamburg; Treas., Geo. B. Schaffer, Reading;Sept., W. J. Bear, Kuntztown.-V. 81. p. 1492; V. 82, P. 216.
ALLIANCE, OHIO.STARK ELECTRIC RR.-An electric railroad.ORGANIZATION.--Incorporated in Ohio and is a consolidation In Dec.1902 of the Alliance Electric Ry. and the Stark Electric Ry. Controls theSalem & Eastern Electric By. The latter has no securities outstanding.On Mar. 10 1910 authorized stock was increased from $1,000,000 to $1.-500,000 and $250.000 distributed in a 25% stock dividend. V. 90. p. 700.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock $1,500,000 ($100) ...... Q-J 31.250,000 Oct '10,First mort. $1.000.000. gold} 1903 5 g J-J 990,000 Jan, 1 1928($1,000) sinking fund, call- Citizens' Say. & Tr. Co.. Cleveland, Trustee.able at 105 13 Int. at United Bank & Say. Co . ClevelandBonds.-1% will be retired on Jan. 1 1911 and annually to Jan. 1 1915;from Jan. 1 1915 2% each year to 1928. ,Dividends.-First div., U%, paid July 1908: U% has been poald quer.since to and including Oct. 1910. In April 1910 also a stock dividend of25%. V. 90, p. 448, 700.EARNINGS.-For calendar year 1909, gross, $238,266; net, $137,027;in 1908, gross, $213,630; net, $115,785.ROAD.-Operates 34 miles of track from Canton to Salem, InchdingAlliance City lines. Standard gauge. 67 and 70-1b. T rails and 70 and90-1h. girder rails. Total mileage. including double track, 38 miles.OFFICERS.--Pres.. C. R. Morley, Cleveland; V. P.. David Morison;Sec., E. S. Cook: Treas., E. Strauss; Aud., A. J. Sampson; Gen. Mgr.,F. L. Mowry.-V. 76, p. 973; V. 86, p. 1468; V. 90, p. 448, 700, 1171.
AMSTERDAM, N. Y.AMSTERDAM STREET RR.-This road, together with the CuyaduttaElectric By.. was consolidated in Dec. 1902 with the Fonda Johnstown .51Gloversville RR. See statement of the latter in "Railway and IndustrialSection."
ANDERSON, IND.INDIANA UNION TRACTION CO.-A trolley road.ORGANIZATION.-Incorporated in Indiana on June 9 1903. Leases
Union Traction Co. of Indiana from June 30 1903 for 999 years. For termssec that company below. In Dec. 1905 acquired the Indiana NorthernTraction Co., subject to $500,000 mtge., prin. and int. of which is guaran-teed by Indiana Union Tree. Co. V. 81, p. 1848. In April 1908 acquiredentire corn. stock ($500,000) of the Muncie Hartf. & Ft. W. By. V. 82, p.805, 869, 1041. In June 1906 leased that company, and in addition to op-erating exp., Int. on bonds, &c.. pays a rental equivalent to 5% on its$500,000 cumulative preferred stock. See V. 83. p. 95. In Juno 1908acquired the road of the Muncie & Union City Traction Co. from Union Cityto iuncle. Owns the company's entire $500 000 stock and guarantees itsbonds, principal and interest. V. 83. fh 96.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.Stock, $5,000,000 ($100) . $15;205000 :000000 July
1 1933First mortgage 35,000,0001 1903 5 g A-0$1,000) gold c* Interest at Girard Trust Co., Phila., Trustee.Indiana North Tree first mtge 1903 5 g A-0 500.000 Oct 1 1933$500,000 gold ($100. $500 Interest at Trenton (N. J.) Trust & Safe De-and $1,000) guar c* posit Co., Trustee.
M H & Ft W first mortgage 190.1 5 g J-J 970,000 Jan 1 1935$1,000,000 gold ($1,000)c* Int. at Guard. Sav.es Tr.Co.,Cleve., Trustee.
Mon & Un C M $925,000 1908 5 g J-J
i
925,000 July 1 1938guaranteed gold ($1,000)c* Int. at Fidelity Trust Co., Phila.. Trustee.Bonds.-Of the $5,000,000 bonds of 1903, $3,750,000 are reserved for
extensions and improvements, but can only be issued when net earnings are1 3.6 times interest charges on outstanding bonds over and above rentalpayments to Union Traction Co. $118,000 of the $1,250,000 bonds outare held in sinking fund. Sinking fund, 1 ki% per annum of outstandingbonds, became operative on July 1 1904. Fund is to be invested in thebonds at not above 105 and interest, and bonds may be drawn at 105and int. on any interest day. The Indiana Northern Traction bonds aresubject to call at 105 and interest on six weeks' notice. V. 82, p. 805.The Muncie Hartford & Fort Wayne bonds can be called Jan. 1 1925, orafter, at par. A sinking fund on those bonds of 23i% of gross earningsper annum began July 1 1905. See V. 80, p. 1059. $30,000 have beenretired. The Muncie & Union City bonds are subject to call after fiveyears at 105; are guar., p. and I., by Ind. Un. Trac.Stock.-Listed on Philadelphia Stock Exchange in May 1905.REPORT.-For the calendar year 1909 were: Gross, $2,103,019; net,
$989,590; fixed charges, Including dividends on stocks of Union Traction ofIndiana and Muncie Hartford & Ft. Wayne By., $948,756; surplus, $40,834.In 1908, gross, $1,902,330; net. $843,585.ROAD.-Besides the city lines in Marion, Anderson, Muncie, and
Elwood. owns an interurban road from Anderson (via Linwood, Alex-andria, Summitville, Fairmount, Jonesboro, Gas City and Soldiers'Home) to Marion, with a branch from Alexandria (via Orestes and Dundee)to Elwood. and from Elwood to Tipton; also an interurban line fromMuncie, via Yorktown, Daleville, Chesterfield, Anderson, Pendleton.Ingalls. Fortville, McCordsville and Lawrence, to Indianapolis; also aninterurban line from Logansport, via Kokomo, Tipton, Atlanta, Arcadia,Cicero, Noblesville, Carmel, Broad Ripple, to Indianapolis, and from Peruto Kokomo; total track aggregates 210 miles of interurban and 50 miles ofcity lines, standard gauge. Also a line from Anderson to Middletown.10 miles, put in operation Aug. 1, 1905; likewise Ind. North. Tree. 20 milesof track between Marion and Wabash ,also Muncie Hartf. & Ft. Wayne By.,42 miles, from Muncie to Bluffton, via Eaton, Hartford City, Montpelier,Keystone and Poneto and Mun. & Union City. 34 miles, from UnionCity to Muncie; total, 366 miles of track. Through cars are run betweenIndianapolis and Fort Wayne in conjunction with the Ft. Wayne &Wabash Valley Traction Co. V. 83, p. 1102. Provides package freightservice between Indianapolis and Muncie and Indianapolis and Logans-port and Peru, and to all other points on the system. Operates throughfreight service between Indianapolis and Ft. Wayne. By contract untilNov. 1933 cars are run over tracks of Indianapolis Street By. In Indianap-olis. Since June 1909 carries express matter per contract with U. S. ExpressCo. A large central power station, with necessary storage batteries, atAnderson, operated on a three-phase system, with 19 sub-stations, likewiseequipped with storage batteries, operates entire system.EQUIPNIENT.-98 city cars, 81 interurban cars, 19 express cars and112 service cars; total. 310.OFFICERS.-Pres . A. W. Brady, Anderson; 1st V.-P., J. Levering
Jones, Phila.; 2d V.-P , W. Kesicy Schocpt, Cincinnati' Sec. and Treas.,Wm. H. Forse Jr., Anderson; Gen. Mrer., H. A. Nicholl. General officesand transfer offices. Anderson, Ind.-V. 83. p. 37, 09, 388: V. 86. p. 421;V. 87, p. 226; V. 88, p. 624, 879; V. 90, p, 627; V. 91, p. 212.(1) Union Traction Co. of Indiana.-A trolley road.ORGANIZATION.-Incorporated May 28 1903 as a consolidation of the
Union Traction Company of Indiana (incorporated on June 27 1899) andthe Indianapolis Northern Traction Co. (Incorporated in April 1902).On consolidation a 70% stock dividend was paid to Union Traction share-holders, calling for $3,500,000 additional common stock. V. 76, p. 1302.Leased June 30 1903 to the newly formed Indiana Union Traction Co.for 999 years. The lease, as modified June 15 1904, provides for 5% onUnion Traction Co. pref. stock and divs. on corn. ranging from 1% to 6%,based on gross earnings of all properties operated by lessee, except proper-ties leased after June 15 1904. V. 79, p. 2455. Franchises are generallyfor 50 years.The Indianapolis Northern Traction assumed payment of principal and
Interest of half ($200,000) of the bonds on the Broad Ripple Traction Co..and also half of the intelest of the remaining $200,000 bonds for 10 yearsfrom May 1 1903. See V. 78, P. 1167.STOCK AND BONDS- Date. Interest. Outstanding, Maturity.
Common, $7,500,000 ($100) - --- J-J 37.503,000 July '10,1%Pf, 5 %, curn.$1 000,000 ($100) ---- 5A-0 1,000,000 Oct'10,23 %Anderson Eiec bt 1st mtg. gl 1892 6 g .14 150,000 July 1 1912$1,000 each) cjInt. at Farm. L. & T. Co., Trustee, N. Y. C.Citizens 1st mtg. 3250,000,1 1897 8 g J-D 123,000 Dec 1 1927s f, subject to call at 105, }Interest at Guar. Trust & Safe Deposit Co.,denom $500 and $1,000_c*1 Philadelphia, Trustee.
Marion City 1st mtg. $400.- 1895 5 g M-N 348.000 May 1 1915000, gold ($1,000) e Interest at Trust Co. of America, N. Y.
ist gen mtg, $5,000,000, gold 1899 5 g J-J 4,378,000 July 1 1919c&r* Int. at Trust Co. of Amer., N. Y., Trustee.
Indianapolis Nor Tree lsti 1902 5 g J-J 5,000,000 July 1 1932($1,000)
mtg $5,000,000, g ($1,000), Interest at Trust Co. of America, New York,guar p and 1 by Un Trac_c* Trustee.StockWand Bonds.-01 the $5,000,000 general mortgage, $622,000 ine
reserved for underlying bonds. See V. 71, p. 1013. Common and pref.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT., 1910.1 ELECTRIC RAILWAYS 7
stock and gen. mortgage bonds are listed on Philadelphia Stock Exchange.
Pref. stock is redeemable after Dec. 15 1910 at par and unpaid dividends,
on 30 days' notice.Dividends.-Pref. stock of Union Tract. Co. dates from Jan. I 1001.
First div Oct. 1. 1901 (for 9 mos., Jan. 1 to Sept. 30), 334%; 1902 to 1910
Incl., 5% per annum. On corn, have been: in 1903, July, 1%; in 19)4,
none (V. 87, p. 227) to July 1909, when A% was paid; in 1910, Jan.,
2-3%; July, 1%.-V. 86, p. 1591; V. 87, p. 227, 286.
ANDERSON, S. C.ANDERSON TRACTION CO.-A trolley road.
Sold.-Sold Oct. 12 1909 at receiver's sale and purchased by a syndicate,
which, It is said, will organize the Greenville Anderson ec Spartanburg
Traction Co. and extend the road to Greenville and Spartanburg. V. 89,
p. 1346, 1541.
ROAD.-Operates 8 miles of railroad in and around Anderson, together
with a 10-mile extension to Belton. Total track, 18 miles. It is planned
further to extend the road to Greenville, S. C.-V. 88, p. 747; V. 80, p. 102,
1068, 1346, 1541.
ANNISTON, ALA.ANNISTON ELECTRIC & GAS CO.ORGANIZATION.-Incorporated in New Jersey in 1899 to take over
the Anniston Electric Co. and the Oxford Lake Line, sold at foreclosure
August 1899; also acquired at receivers' sale the Anniston Gas & Light Co.
STOCK AND BONDS- Date. Interest. Outstanding. MaturitY.
Stock, $250,000 ($100) ______ $250,000 let mtge, $300,000 ($100,1 1809 5 g J-D 300,000 Dec 1 1929
$500) gold c*JInt. at Bait. Safe Dept. & Tr. Co., Trustee.
Bonds.-Entire issue may be called at 105 and interest.Sinking fund of 1 % of bonds outstanding became operative on Dec. I
1905, but to be available for bond redemptions only If the money cannot be
advantageously employed "for the acquisition of permanent extensions
and additions."EARNINGS.-For calendar year 1000, gross, $137,527; net, after
taxes,
$44,960; fixed charges, $15,000; other deductions, $10,597; surplus, $19,363.
In 1908, gross, $131,207; net, after taxes, $38,888; fixed charges, $15,000;
other deductions, $11,732; surplus, $12,156.
ROAD.-Operates 10 miles of road from Anniston to Oxford Lake, in-
cluding 5 miles of track on city streets.OFFICERS.-Pres., S. Z. Mitchell; V.-P., II. J. McClelland; Sec. and
Treas., H M. Francis; Asst. Sec. and Asst. Treas., B. P. Summerson; all of
New York; Gen. Mgr., R. L. Rand, Anniston.-V. 68, p. 928; V. 69, p.283,
ASBURY PARK, N. J.ATLANTIC COAST ELECTRIC RY.-Trolley.
ORGANIZATION.- Incorporated in New Jersey on Dec. 8 1005 assuccessor to the Atlantic Coast Elec. Rallromi Co., sold under foreclosure of
the general mortgage of the latter. Leases the Seashore Electric fly. ofAsbury Park until June 6 1037 at $10,000 per year and owns $150,000 of the$200,000 total capital stock of latter company (making net rental $2,500),and owns all of the stock of the West End ec Long Branch Ry. and of theAsbury Park ec Sea Girt RR., the former is leased from Aug. 3 1896 untilJuly 17 1945 at a nominal rental, and the latter for 99 years at 6 % on stockfrom Aug. 27 1898; both stock and bonds of Asb. Park & S. G. are owned.Also entire stock ($100,000) of the Atlantic Coast Electric Light Co., whichsupplies the electric lights of Asbury Park, Alienhurst, Belmar, OceanBeach, Como and Spring Lake, The Seacoast Traction Co. (capital$100,000), running from Belmar to Spring Lake, 2 miles, has been leasedto the Atlantic Coast Electric fly. for 99 years; its stock and bonds areowned. Franchise In Belmar expires In 1047; In Asbury Park In 1937; inLong Branch, some expire In 1045 and others are perpetual; In Ocean Town-ship, perpetual; in Sea Girt, expire in 1915, 1926 and 1956 franchises ofSeacoast Traction Co. are perpetual. Div. orSTOCK AND BONDS.- Date. Interest. Outstanding, Maturity.
Stock $1,000,000 ($100)_ $1,000,000 In 11)093%let incrtgage gold $1,000,- 1895 5 g M-N 800,000 May 1 1945000 Int. at Knickerbocker Tr. Co., N. Y., True.
Gen rntge $1,000,000 gold 1906 5 g J-J 1,000,000 July 1 1045(M ,000) _ c Interest at Central Trust Co., N. Y., Trustee.
Sef..shore Ry stock 200 000 Seashore Electric fly 1st f 1892 6 g J-J 200.000 1917
mortgage $200,000 Int. at Seacoast Nat'l Bank, Asbury Pk.,N.J.Atlantic Coast Flee Lt lst ____ 5 J-D 241,000 June 1 1045mtge $500,000 gold. Sub-.Int. at Asbury Park & Ocean Grove Bk.,ject to call at 105 in 1901_ j Asb. Pk. Morton Tr. Co., N. Y., trustee.
Bonds.-Of the $1,000,000 firsts, $200,000 are reserved to retire a likeamount of Seashore By. Os. The latter are subject to call at 105. Entirebonds and stock of the Asbury Park ec Sea Girt ($50,000 each) and the Sea-coast Trac. Co. ($100,000 each) are deposited under the new general mtge.
ROAD.-Belt Line in Asbury Park and extends from Asbury Parkthrough Long Breech to Pleasure Bay, about 24 miles, of which 10.12 milesis over private right of way; V. 66, p. 616. Also from Asbury Park toSea Girt, about 9 miles, single track. Connects at Pleasure Bay with theNew York & Long Branch Steamboat Co.
Net earns, from oper___$197,828 $178,711 $166,463 $178,609 $145,587In 1009 fixed charges were $122.130, leaving a surplus of $75,698.
OFFICERS.-Pres., S. F. Hazelrigg, N. Y.; Treas., H. II. Rogers;Sec., G. B. Cade; Supt., C E. Hereth.-V. 81, p 974, 1435. 1722.
ASHEVILLE, N. C.ASHEVILLE ELECTRIC CO.
ORGANIZATION.-The Asheville Electric Co. is a consolidation of the
Asheville Street R11., the Intermontane RR . the Asheville & Biltmore St.
fly. & Trans. Co. and the Asheville Electric Co. Owns Riverside Park.
STOCK AND BONDS- Date. Interest. Outstanding. MaturityCommon, $750,000 ($100) $532,500 ____Preferred, 6% cum, $222.000_ ---- Quar 222,000 See textFirst mortgage $3,500,0001 1909 5 g J-J 1,000,000 July 1 1939($1,000) gold Of Int. at Old Colony Trust Co., Boston, TrusteeRemaining bonds may be issued for additions and improvements
under certain restrictions. A sinking fund begins in 1914 and continues toand including 1938. Bonds are subject to call on and after July 1 1914at 105 and interest on any interest (lay on 30 days' notice. V. 89, p. 846.
Dividends.-6% per annum is being paid on preferred.EARNINGS.-For cal. year 1900, gross, $301,764; net, $76,478; fixed
charges, $43,750; other deductions, $1,214; surplus, $31,514. In 1908,gross, $265,212; net, $55,934; fixed charges, $37,500; sink. fund, $7,500;other deductions, $3,837; surplus, $7,097.ROAD.-Operates 12.27 miles, standard gauge, in Asheville; In-
cluding second track and sidings 14.16 miles; 33 cars.OFFICERS.-Pres., J. E. Rankin; V.-P., C. N. Mason New York,
Sec. and Mgr.' H. W. Plummer; Treas., H. M. Francis, 62 Cedar St., N. Y.
-V. 89, p. 410, 846.
ASHLAND, WIS.ASHLAND LIGHT. POWER & STREET R A I LWA Y.-A trolley road.
On Feb. 13 1008 Ashland Power Co. was Incorporated In Wisconsin andhas been authorized by Wisconsin RR. Commission to issue $50,000 corn.and $50.000 pref. stock and $300.000 bonds, for purpose, among otherthings, of acquiring $200,000 stock of Ashland Light, Power & Street fly.Co. Offices of former company are: Pres.. C. D. Wright; V.-P., Geo. FMerrill; Sec., I, S. Smith; Mgr., A. E. Appleyard. V. 87, p. 479.ORGANIZATION.-Chartered in Feb. 1806 as successor to Ashland
Lighting & Street By. Owns exclusive electric light and as rights1n clty,and bonds cover lighting plant. Has acquired the White River Power Co.,whose bond Issue has been canceled. V. 88, p. 1550.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock, $300,000 ($100) _ $200,000 1st mortgage, $1.000,000 g f 1909 5 g J-J 444,000 Jan 1939($1,000) c&ri Int. at Chic. Say. Bk. & Tr. Co.. trustee.
1 (Leverett Thompson of Chic. co-trustee.)Bonds.-Subject to call on any int. day at 104 In and after 1914. Sinking
fund of 1% of bonds out begins 1912.EARNINGS.-Fiscal year ending June 301910, gross, $92,585; net;
$44,915. Year ending June 30 1909. gross, $78,216; net, $35,846ROAD.-Operates 7 miles of trolley track.OFFICERS.-Pres., J. C. Chapple; Treas., G. F. Merrill.-V 87, P. 470;
V. 88. p. 1559.
ASHTABULA, OHIO.ASHTABULA RAPID TRANSIT CO. • • • •In Feb. 1907 control of this road was acquired by L. A. Robison, Pres.
of the Penn. & Ohio Ry., and associates. In Aug. 1907 stock was increasedfrom $150,000 to $500,000.ORGANIZATION.-Chartered Oct. 7 1890.1 •STOCK AND BONDS- Date. Interest. Outstanding. MaJurIJI.
Stock, $500,000 $500,000 1st mtge. $75,000, gold,1 1891 6 g J-.7 75.000 July 1 1911($1,000) cs&rj Int. at Central Trust Co.
' Trustee. N. Y. 0.
2d mtge, $500,000 11907 5 M-S 310,000 Sept 15 19271Citizens' L. & T. Co., Cleveland, trustee.
Bonds.-$75,000 2d mtge. bonds are reserved for prior liens and $115,000are In treasury of company.EARNINGS.-Year ending Dec. 31 1909. gross $64,294; net, $25,843.ROAD.-Operates 5 miles of track on 5 miles of street.OFFICERS.-Pres., L. A. Robison, Pittsburgh; Sec. & Treas., Wyn B.
Morris, Pittsburgh; Gen. Supt., Palmer Wardman, Ashtabula. .V.85, p.468.
PENNSYLVANIA & OHIO RY.-A trolley road.The same interests control the Ashtabula Rapid Transit Co. It is
planned to merge the two roads.ORGANIZATION.-Incorporated March 17 1898. In April 1906 con-
trol was purchased by L. A. Robison and associates. See V. 82, p. 929, 987.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Jefferson Division ($500c)5, lot, at Cl5tizgemns:SSay. & Tr. Co., Clev. True.
$100.000 100,000 Mch 1.5 1922
Gen. mtge.. $900,000, gold mt. 6at Citizens' Say. & Tr. Co.. Cley. True.
($500) 200,000 Sept 15 1926
c Int. at Citizens' Say. & Tr. Co., Clev., True.Bonds.-01 the new gen. mtge. bonds, $700,000 are reserved to retire
prior liens.EARNINGS.-For calendar year 1909, gross, $106,545; net, $41,632; in
1908, gross, $112,664; net, $49,738.ROAD.-Owns and operates the Conneaut city line, 3 miles, and has
built westward from Conneaut to Kingsville & Ashtabula, 13 miles, andsouth from Ashtabula to Jefferson, 10 miles; total, 26 miles. A throughline between Cleveland, 0., and Buffalo, N.Y., is now in operation, of whichthis road forms a part.OFFICERS.-Pres., L. A. Robison,
Pittsb.•. Sec. and Treas., W. B.
Morris, Pittsb.; Gen. Supt., Palmer 1A'ardman. Office at Ashtabula.-V. 82, p. 929, 987.
ATCHISON, KANSAS.ATCHISON RY. Liam & POWER Co.On June 3 1910 control of company was acquired by syndicate headed by
W. B. McKinley, President of Illinois Traction Co. V. 90, P.1553.
ORGANIZATION.-Successor in 1895 of the Atchison fly. Elec. L & P.Co. Controls electric railway, lighting and gas properties of AtchisonSTOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $500,000 $500,000 Preferred. 7%, $400,000 _ 400,000 See text.Atch fly Lt & Pow let mtge.) 1895 6 g J-J 150,000 July 1 1915
gold, $1,000, int. at Exch. Trustee. Mercantile Trust Co., New YorkNat Bank, Atchison City.Dividends.-Seven per cent per annum is being paid on preferred stock. •EARNINGS.-For 12 months ending Dec. 31 1909, gross, $210,300; net.
after taxes, $67,740. In 1908, gross, $188,109; net, after taxes, $51,451.ROAD.-Operates 8% miles of track.OFFICERS.-Pres., W. P. Waggener; V.-P.. B. P. Waggener; Sec.,
Chas. Brown.; Treas., W. W. Hetherington.-V. 81, p. 1909; V. 90, p. 1553.
ATHENS, GA.TATHENS RAILWAY & ELECTRIC CO.-A trolley road.
ORGANIZATION.-Incorporated in Georgia on April 1 1910. Pur-chased Athens Elec. fly. Co. Leased for 99 years from Oct. 1 1910 theJames White power plant. V. 90, p. 1101, 1423. Has contract to furnisharc lights to city; also incandescent lamps to private parties. Franchiseperpetual. Total equipment affords 7,000 hydro-electric h.p. and 3,000 h.p.from steam turbine plant.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
1st & ref M $2,000,000 goldf 1910 5 g J-J 425.000 July 1 1950sinking fund ($1,000)_ _c•lInt at Farmers' Loan & Trust Co.. N.Y., true
Athens Electric fly 1st MI 1896 6 g J-J 12.000 July 1 1916.,$1,000, gold ($500) c Columbus Savings Bank. Columbus, Ga..
trustee. Interest at Columbus or Athens.Athens Electric fly new lstl 1901 6 g A-0 388.000 Oct 1 1931
mtge. $400,000 ($1.000) Interest at Title Guar. & Trust Co., Atlanta. c* Trustee, or Old Colony Trust Co., Boston.
Stock.-Preferred stock is redeemable at 105.Bonds.-Of the let & ref. bonds, $400,000 are reserved to retire under-
lyignogldbods, the remainder for acquisitions and Improvements at 75% ofcost, but only when net earnings are 1 34 times Int. on all bonds out. Sink.fund of I% begins In 1915. Bonds are subject to call July 1 1915 at 110. 4
Of the Athens Elec. fly. new 1st M., entire issue, but no lesser part, mayhe called on nd after Oct. 1 1911 at 106 and Interest; $12,000 reserved totake up old bonds See V 73, p. 1311.REPORT.-For Athens Elec. fly. cal. year 1909, gross, $148,221; net.
60-lb. and 70-1b. T and girderrails; 16 motor cars; power plants, 10,000 h.-p. capacity. •
OFFICERS.-Pres.. W. T. Bryan; V.-Ps., J. Y. Carithers and C. D.Flanigen; Sec., J. W. Morton; Treas., C. D. Cox. Office, Athens, Ga.-V. 90, p. 1101, 1423..
ATLANTA, GA.GEORGIA RAILWAY & ELECTRIC CO.
ORGANIZATION.-Incorporated In Georgia on Jan. 28 1902, and onApril 1 1902 took over the Atlanta fly. & Power Co., the Atlanta Rap.Tran. Co.. the Georgia Elec. Light Co. and the Atlanta Steam Co. Fran-chise perpetual. Comprises the street railway, electric light, gas, powerand steam-heating Interests of Atlanta and Fulton County. Uses powersupplied by the Atlanta Water & Electric Power Co. from the latter's plantat Bull Sluice on the Chattahoochee River, 15 miles from Atlanta-seeV. 79, p. 153, 2149. By terms of the ordinance permitting consolidationthe company paid the city of Atlanta $50,000 in cash, and agrees to pay atax on gross receipts of 1% for first 3 years, 2% for the next 20 years and3% thereafter. V. 74, p. 397, 727. Has contract with the city for street light-ing for 5 years from April 1 1908 at $60 per arc per ann. In Oct. 1902,bothpref. and com. stock were listed on Boston Stock Exch. V. 75, p. 849.They are also listed on the Louisville Exchange.In June 1903 acquired the entire capital stock ($600,000 6% preferred
and $1,014,625 common) of the Atlanta Gas Light Co., comprising the gasbusiness of Atlanta and vicinity, by exchange of stock, $ for $. V. 76,p. 1406. The gas company, however, maintains a separate organization.In April 1909 Ga. RR. Comm. sanctioned the issue of $1.250,000 ref. &
ext. mtge. bonds. V. 88. P. 1127.
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$2,400,000 (par $100) Ref & Imp mtge $20,000,000 1909 5 g J-J 1,000,000 Jan 1 1949gold ($1,000) c+. Int. at Amer. Trust Co.. Boston, Trustee.
First cons mtge $11,000,0001 1902 5 g J-J 5,970,000 Jan 1 1932gold sink fund ($1,000)._c* j Interest at Old Colony Trust Co.. Boston, Tr.
Atlanta Street Railroad first) 1890 6 g J-J 225,000 July 1 1920mortgage gold (par $1,000) Interest payable in New York at 4th Nat. Bk.
Central Trust Co., N. Y., Trustee.Ati Cons St Ry 1st cons M $2,
Y-1 1899 5 g J-J 2,125,000 Jan 1 1939
500,000 g ($1,000 each) sub Interest payable in N. . at N. Y. Trust Co.to call aft 5 yrs at 10734 _cJ and at Merc.Tr.do Dep. Co., of Bait., Trustee.
Georgia Elec Lt Co 1st M $2,1 Trust
1900 5 g J-J000,000 gold. Subject to Interest at Old Colony Co., Boston,call in 1905 at 105 Trustee.
1,350,000 July 1 1930
Atlanta Ga3-Light Co, 1st M,f 1897 5 g J-D 1.150,000 June 1 1947$1,150,000, gold ($1,000)0( Interest at New York Trust Co., Trustee, or
Bank of Scotland, London, England.Stock and Bonds.-Ot the $8,514,600 com, stock reported outstanding,
$495,200 is held in treasury. Of the $11,000,000 Georgia By. & Elec.bonds.(closed mtge.) of 1902. $4,000,000 are reserved to retire underlying liens.Are subject to call on any interest date at 110 and accrued Interest.A sinking fund became operative In 1907 which will retire $10,000 of bondsIn each year from 1907 to 1911. Inclusive; $25,000 per annum from 1912 to1916. inclusive, and $50,000 per annum thereafter. See V. 74. p. 629. 727.A sinking fund of $6.60 per $1,000 bond on the Atlanta Gas Light Co. bondsis operative. A sinking fund of $25,000 per annum is also operative on theunderlying bonds of the Atlanta Consolidated Street By. Of the ref. & ext.mtge. bonds, $250,000 are in the treasury, $11,230,000 are reserved toretire prior liens (Including the $400,000 Atlanta & Northern bonds) and$7,520,000 for extensions and improvements up to 75% of actual cost.Bonds are subject to call on 50 days' notice at 105 and int.; a sink, fund of1% of bonds out begins in 1910. See V. 88. p. 158, 505. 1196; V. 89, p. 410.
Dividends.-5% per annum is being paid on preferred stock. On corn.,divs. have been: Aug. 1905, 2%; Feb. 1906, 2%; May 1906, 13,5 % (V. 82,p. 1040); Aug. 20. %. In 1907, Feb. 20, 1% %; May 20. % andstock dly. of 331-3% (V. 84, p.803): Aug. 20. 114 %: Nov. 20.13i %; 101908, 6%; 1909, 6%; In 1910, Feb., 1%%; May, 13%; Aug., 1 5,5% .REPORT.-Passengers carried 1909. 50,570,953.
Cal. Gross Net Fixed Pref.(5%) Common Balance,Year- Earnings. Earnings. Charges. Div. Dividend. Surplus.1909_53,673,007 $1,902,865 $845,242 $120,000 (6%)5510,876°5464,8011.908_. 3,339,021 1,689,027 833,401 120,000 (6%) 510,876 *2585771907_ 3,300,341 1,646,059 784,675 120,000 (6%) 428.448 312,936• After allowing for g29,604 divs received on treasury stock each in 1909
and 1908, and $4,062 In 1909 and $4,223 in 1908 on miscellaneous stock.ROAD.-Operates 176.938 miles of track.OFFICERS.-Chairman of Board, H. M. Atkinson; Pres., Preston S.
Arkwright; V.-P., Treas. and Gen. Mgr., G. W. Brine; Sec. and Mgr. By.Dept., W. H. Glenn.-V.88. p. 158, 505, 560. 1061,1127, 1196; V. 89,p.410;V. 90, p. 236, 502.(1) Atlanta Northern Railway Co.-A trolley road.ORGANIZATION.-Entire stock is owned by the Georgia Railway &
Electric Co.. which guarantees the bonds.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.
Stock, $100,000 *100,000 First mortgage $400,000 guar) 1904 5 g J-J 400.000 July 1 1954($500 and $1,000) gold_ _c• Interest at Old Colony Tr. Co., Boston, Trus.Bonds.-Are guar., p. &I., y end., by the Ga. By. & Elec. Co. Are sub-
ject to call on any int. date at 110 and int. A sink. Jund of $5,000 per ann.began In 1910, See V. 79, p. 680.EARNINGS.-In 1909, gross, $116,447; net, $24,481; charges and taxes,
$26.047; deficit, $1,566 In 1908, gross, $112,821; net, $29,072; chargesand taxes, $24,971; surplus, $4,101.ROAD.-Operates 15 miles of track from Atlanta to Marietta, mostly on
private right of way. Commenced operation July 17 1905.-V. 79, p. 680.a
ATLANTIC CITY, N. J.ATLANTIC CITY & SHORE CO.ORGANIZATION.-Incorporated in 1909 In Delaware, Owns 2,995 of
the 3,000 shares of the Atlantic & Suburban Ry. Co. stock and a majorityof the stocks of the Central Passenger By. Co. ($40,000 bonds) and AtlanticCity & Shore RR. Co. Also owns all of the $591,100 outstanding 1st mtge.bonds of Atlantic & Suburban By.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $1,000,000 $771,000 Mortgage, $591,100 4% 591,100 1940Bonds.-Are secured by $591,100 Atl. & Sub. 1st mtge. bonds and 2,995
out of 3,000 shares of stock of that company.(1) Atlantic City & Shore RR.-An electric road.ORGANIZATION.-Incorporated in New Jersey Oct. 21 1905 with a
perpetual charter. Leases Atlantic City to Ocean City RR.-see termsbelow-and owns $218,500 of the common stock of the Atlantic City &Ocean City Company, which holds all the stock and bonds of the AtlanticCity & Ocean City RR. V. 85, p. 158. Cent. Pass. By. Is operated undertraffic agreement.
Contract with West Jersey & Sea Shore RR.-A traffic agreement hasbeen entered into with the West Jersey to Sea Shore RR, by which theAtlantic Ave. line of the latter road, running from Atlantic City to Long-port. 83i miles, Is operated by this company. The West Jersey & Sea ShoreRR. has an option to purchase from May 11013 to May 1 1918 a majority ofthe Atlantic City do Shore HR. stock. V. 85, p. 158.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $1.000,000 ($100) _ $1,000,0001st mtge & coil trust deed) 1905 5 g J-D 850,000 Dec 1 1945$1,000,000 ($1,000) g__ c*JInt. at Girard Trust Co., Phila., trustee.Bonds.-No sinking fund, but can be called at any time at 110 and IntROAD.-Operates 47.45 miles of track In and around Atlantic City, In-
cluding a road through Pleasantville. Linwood and Somers Point, to OceanCity, the two latter points being connected by 2 miles of trestle and bridgeowned by the Atlantic City & Ocean City RR.OFFICERS.-Pres., Wm. A. Stern; V.-P., Charles Evans; Sec., .1. M.
Campbell; Treas., Milton J. Greenebaum: Gen. Supt.. J. N. Akarman.-V. 85, p. 158; V. 86, p. 1099; V. 88. p. 685; V. 90, p. 1424.(a) Atlantic City & Ocean City Company.The Atlantic City to Ocean City Company was organized In Delaware
and owns the entire ($180,000) stock and all the ($180.000) bonds of theAtlantic City & Ocean City RR.. and has pledged them as security for thecollateral trust bonds below. Of the common stock of the Atlantic City &Ocean City Company, $218,500 is owned by the Atl. City & Shore RR. Thelatter leases the Ati. City & Ocean City RR. for 990 years, the rental be-ing $19,000 per annum, and an additional contingent sum equal to 33 1-3%of the net earnings, but not to exceed $25,000 per annum, which shall beapplicable to divs. on the pref. stock of the Atl. City & Ocean City Company.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $350,000_ $220,000 Pref 5 % non-cum $250,000_ 175,00(1 Collateral trust gold $500,-) 1907 5 M-S 350,000 Mch 1 1947000 redeemable 110 & int__ 'Girard Trust Co., Philadelphia, trustee.Stock.-The pref. stock is redeemable at par.ROAD.-The Atlantic City & Ocean City RR. owns 2.02 miles of road
from Somers Point, across Great Egg Harbor Bay, on bridge and trestles.to Ocean City. Rails, 85 lbs. V. 85, p. 158, V. 87, p. 165.(2) Atlantic & Suburban Ry.ORGANIZATION.-Incorporated In New Jersey Dec. 4 1908 as a re
organization of the Atlantic City & Suburban Traction Co., sold under fore-closure of 1st mtge. V. 87, p. 1237. 1532.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $750.000 ($50) $150,000 First mortgage, $650,000 1909 4 g F- A 591,100 Aug. 1 1929($1,000) c• Int. at Cambridge Tr. Co., Chester Pa., Trus.
Prior lien M, $100,000, guar ____ 5% 100,000 1925p & I. by AC & S Co Bonds.-Bonds have no sinking fund. V. 87, p. 1237.
Interest. Outstanding. Maturity. I EARNINGS.-For cal. year 1909, gross, $75,418; net, $25,025.Q-F $8,514,600 Aug 20'10,13i I ROAD.-Operates 16.13 miles of track from Atlantic City to Pleasant-5 Q-J 2,400,000July 20'10,1 vine. Somers Point and Absecon. Standard gauge. 80-lb. T rail.-V. 87.p. 872. 1237, 1299, 1532; V. 88. p. 881; V. 90, p. 1424.
AUGUSTA, GA.AUGUSTA & COLUMBIA. For statements of theseAUGUSTA-A I KEN IRV. & ELECTRIC. cos., see "Elec. Ry. Sec."AUGUSTA RV. & ELECTRIC. for Feb. 26 1910. No lateNORTH AUGUSTA ELEC. & IMPROYET. Information.
AUSTIN, TEX.AUSTIN ELECTRIC RY.-A trolley road.ORGANIZATION.-Incorporated In Texas on May 29 1902 as a reorganl-
zatIon of the Austin Rapid Transit By.STOCK AND BONDS. Date. Interest. Outstanding. Last dtvid.d.
Stock, $350,000 ($100) - $275,000 (1)First mortgage $350,000 gold) 1903 5 g A-0 350.000 April 1 1931($1,000) Interest at Equitable Trust Co., N.Y., TI-us,Bonds.-Are subject to cal at 105 and Interest.Dirtdends.-In 1904, 10%: In 1903. 16.77%; In 1906, 5.5%; in 1907.
5%; in 1908, Feb.. 4%; no Cater information.EARNINGS.-For calendar year 1909 Gross. $168,071; net. $76.595.ROAD.-Operates 1734 miles of track. Entire road re-built in 1905.OFFICERS.-Pres. and Gen MeT.. W. J. Jones; V.-P. F. H. Watrlss,
New York; Treas., E. P. Wilmot; Sec., A. L. Kalloch.-V. 78, p. 1704.
BAKERSFIELD, CAL.POWER TRANSIT & LIGHT CO.In July 1910 control was acquired by the San Joaquin Light & Power Co..
See that company in V. 91, p.280.ORGANIZATION.-Is successor in 1903 to the Power Development Co.
the Bakersfield Gas do Electric Light Co. and the Bakersfield & Kern ElectricBy. Does the entire electric lighting, power, gas and street railway businessof Kern and Bakersfield. V. 77, p. 401.STOCK AND BONDS. Date. Interest. Outstanding. Maturity
Stock $2,500,000 ($100) _ $2,500,000 See text.Bakersfield & Kern Elec. nir-.1 1565 125,000 July 1 1931$250,000 gold ($1,000) _ _ _cj Union Trust Co., San Francisco, Trustee.
Bakersfield Gas de Elec Lt mtg ____ 6 F-A 15 40,000 PeriodicallyNew mortgage $2,500,0001 1903 5 g J-D 778,000 June 1 1933gold ($1,000) 'Mercantile Trust Co., San Francisco, Trustee.Bonds.-Of the $2,500,000 new bonds, $175,000 are reserved for prior
liens. Bonds are subject to call any Interest date "on basis of 436 % re-investment.' Sinking fund of 10% of net earnings after payment otcharges commences after 5 years. V. 77, p. 401. 520,559 bonds were heldIn sinking fund on Aug. 31 1008. Of the Bakersfield & Kern Elec. By.bonds $2,500 are held in sink. fund. Of the Bakersfield Gas & Elec.Light Co. bonds $10,000 have been retired by sink, fund and $14,178 arenow held In same.EARNINGS.-For fiscal year ending June 30 1908, gross, $108,920; net,
after Interest and taxes, $58,685.DIVIDENDS.-DIvIdends of 1% were pald In June 1904, June 1905 and
June 1906, and 2% was paid In June 1907.ROAD.-Operates 714 miles of track between and throughout Kern and
Bakersfield. Also does electric lighting, power and gas business. Hasover 100 miles of electric power lines.
BALLSTON SPA, N. Y.EASTERN NEW YORK RR.-A trolley road.Receivership.-On June 23 1908 Frederick H. Beach, Gen. Mgr., was ap-
pointed receiver. July 1908 int. on bonds having been defaulted. V. 86.p. 1589. Reorganization planned but nothing definite done.ORGANIZATION .-Incorporated in New York on Dec. 12 1904 and Is
successor to i3aliston Term. RR., sold under foreclosure on Dec. 21) 1901.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock. $1,750,000 ($100) _ $300,000 1st mtge. 31.750,000 ($5001 1905 5 g J-J 300,000 Jan 1 1935and $1,000), gold c*JMetropolltan Trust Co , N. Y., Trustee.Bonds -Are not subject to call. No sinking fund. V. 80, p. 1728.Earnings.-For year ending Dec. 31 1909, gross, $30,468; net, after
taxes, $5,663.ROAD.-Is both a freight and a passenger road. Owns extensive
terminals at Ballston Spa. Has 15 miles of track, with a line from Ballstonto Middle Grove. Extensions are contemplated to Amsterdam, Johns-town and Gloversville, for which unissued bonds were reserved.OFFICERS.-Pres.,T. F. Barrett, Ballston Spa.-V. 86, p. 1589.
BALTIMORE, MD.Street Railways of Baltimore pay a Park Tax of 9 % of gross earnings
within City Limits, except on turnpikes and private rights of way, and arerequired to pave between tracks and two feet on each side.UNITED RAILWAYS & ELECTRIC CO. OP BALTIMORE.-Trolley.ORGANIZATION.-Incorporated at Annapolis March 4 1899. Com-
prises all the passenger railways in Baltimore City and Baltimore Countyand lines extend into Anne Arundel County and Howard County. Throughthe present and previous consolidations, embraces the following:Baltimore Catonsville & Ellicotts Central Railway Company.
Mills Passenger RR.B
Gwynn's Falls Railway of BaltimoreBaltimore City Passenger By. Co. City.Baltimore Consolidated By. Co. Maryland Traction.Baltimore & Curtis Bay Ry. Pimlico & Pikesville RR.Bait. Gardensville do Belair Elec. By. Shore Line Electric By.Baltimore & Northern Elec. By. Co. Walbrook Gwynn-Oak to Powhatan.
Also owns all the stock, and holds a lease, of the Baltimore SparrowsPoint & Chesapeake By. Co. The company likewise controls by ownershipof stock the York Road Turnpike. the Charles Street Ave. Turnpike. theHarford Turnpike and the Bait. & Jerusalem Turnpike.Formerly owned the $2,000,000 common stock of the United Electric
Light & Power Co of Baltimore. comprising the electric-lighting plants ofBaltimore, but in Jan. 1903 sold the same, together with Its holdings of thestock and bonds of the Mt. Washington Electric Co. (V. 75, p. 1158 andV. 76. p. 160) and the same is now controlled by the Consolidated Gas,Electric Light do Power Co. of Baltimore.Funding of Coupons on Income Bonds. -In July 1906 unpaid coupons on
Income bonds from June 1904 to June 1906 were funded under a fundingagreement. Income coupons up to and including Dec. 1910 will also beso exchanged at maturity, and these coupons have been stamped with thisagreement. See plan in V. 83, p. 156; $13,705,000 of the $13,946,000 havebeen deposited under the plan. See V. 83, v. 753, 1038; V. 84, p. 1368;V.89. p. 1543.
Allied Company .-In Aug. 1906 the Maryland Elec. By.. which had agreedto provide funds for needed improvements and acquisitions of the UnitedRy. & Elec. Co., was consolidated with the Bait. & Annapolis Short Line,thus forming the Maryland Elec. Rys. See statement of that on. below.Power Contract -On June 28 1907 made a contract with the McCall's
Ferry Power Co. calling for the delivery of 10,000 kilowatts (13.500 h.p.)daily for 10 years, to begin Sept. 1 1908. Power expected to be availableduring 1910. For delay on account of panic, see V. 85, p. 163, 1465.
Voting Trust.-In March 1905 a large majority of the stock was depositedwith the Safe Deposit dc Trust Co. of Baltimore. to be held in a voting trustfor 3 years from Feb. 25 1905. V. 80, p. 998, 1236. In Feb. 1908 Alex.Brown. H. Crawfm d Black. F. A. Furst and ('.co. C. Jenkins were requestedby holders to act as trustees under a new agreement, which is to continueIn force until May 1 1911. Under the agreement the stock deposited can-not be sold without the constnt of 75% of the holders thereof, and then onlyupon terms that will secure the same return torahl the stock held by trustees.See V. 86. p. 422 549,
Favorable Tax Decision.-On June 29 1909 the Court of Appeals of Mary-land held that the park tax of 9% on gross earnings of lines within old citylimits was intended to be In lieu of all other taxes, and that no further tax
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OCT.. 1910.j ELECTRIC RAILWAYS 9
on the intangible property can be levied without express legislative author-ity. The easements in 14 miles of turnpikes in annexed districts are heldto be taxable. V. 89, p. 44.
STOCK AND BONDS. Date, Interest. Outstanding. Div.or Mary.
000) mtge, Trustee Merean-I Interest at National Mechanics' Bank, Bald-
tile Tr. & Deposit Co_ _ _el more.N. B. Div. 1st ($1.000) 5s,f 1892 5 g J-D 1,750,000 June 1 1942
g. Trus.,Mer Tr.FeDep.Co.ctInt. at National Mechanics' Bank, Bait.
City & Suburban 221/. Bonds-I 1892 5 g J-D 3,01)0,000 June 1 1922
1st mtge, g ($1,000) i Int. at Alex. Brown & Sons, Baltimore.I Safe I)eposit & Trust Co., Halt., Trustee.
Balt.Catonse.ctEllicott's Mills( 1896 5 J-J 500,000 July 1 1916
1st mtge, $500,000, prin g..; Safe Dep. & Tr. Co., Balt., Trustee. Int.( at National Mechanics' Bank, Baltimore.
Lake Roland Elevated-1st( 1892 5 g Ni-S 1,000,000 Sept 1 1942
consol mortgage, goldi Interest at Alex. Brown & Sons, Baltimore.
($1,000) Oder (Baltimore Trust & Guaranty Co., Trustee.
Baltimore City Passenger-1st( 1891 5 g M-N 2,000,000 Nov 2 1911
mtge, $1,000, gold c*1Interest at Nat. Mechanics' Bank, Bait.(Safe Deposit & Trust Co. of Balt., Trustee.
Baltimore City Passenger- 1 1897 434 g M-N 500,000 Nov 2 1911
Certs of indebt, $500,000, }Interest at National Mechanics' Bank, Balti-
g ($500 and $1,000)___) more.Central Ry.-lst mtge, $250 -( 1882 6 J-J 8,000 July 1 1912
000, sink fund, currency_ _I Sub. to call at 100 in certain am'ts yearly.i Trustee, Safe Dep. ec Trust Co., Baltimore.(Int. at Nat. Mech. I3k , 13alt.
Consol mtge, $700,000, g,f 1892 5 g 11-N 692,000 May 1 1932($1,000) i Interest at National Mechanics' Bank, Bait
(Mercantile Tr. ec Dep. Co of Bait.. TrusteeEat and imp 1st mtge,1 1897 5 g M-S 61)0,000 Mch 1 1932
$600,000, g ($1,000) ( Bait. Trust & Guar. Co., halt., Trustee.(Interest at Nat. Mechanics' Bank. Bait.
Bonds.-Of the $38,000,000 of 1st consolidated bonds, $26,450,000 havebeen issued and $11,550,000 have been set aside for the retirement ofunderlying securities. Inc. fdg. bonds, are redeemable on any int. dateat par and accrued int. The Series "A" car trusts outstanding were origi-nally $295,000; they mature $35,000 per annum on Oct. 1 from 1908 to1914, both inclusive. The Series "B" car trust bonds in above table were
originally $680,000; they are a first mortgage on 200 cars, and mature$85,000 per annum from Oct. 1 1908 to 1915. They are redeemable on
any int. date at 10234 and Int. V. 81, p. 32. The series "C" car trustswere originally $300,000 and mature $39,000 annually for 10 years, and aresubject to call at 10234. They are a first mortgage on 90 cars.
Stock.-The preferred stock reported above as outstanding is all thatremains of the original issue of $14,000,000, the rest having been convertedinto income bonds.DIVIDENDS.-Dividends of 3,4 of 1 % were paid in June 1899 and 234 %
In Dec. 1899, and 2% each six months after that to and including Dec. 1903,on both the Income bonds and the pref. stock, the payment on the stock(but not on the bonds) being subject to a deduction of 31 of 1 % for taxes.Payments due June and December 1904, June and December 1905 andJune 1906 omitted and in 1906 coupons for these dates were funded, asnoted above, and subsequent coupons will in like manner be funded as theymature up to and including Dec. 1910.
ROAD.-Miles of track. 400.764; cars, 1,872; gauge, 5 ft. 434 in. Rails70-lb. T and 9-in. and 113-lb. girder. Capacity of (6) generating stations35.405 K. W.,• capacity of (6) sub-stations. 28,000 K. W.REPORT for the year ending Dec. 31 1909 in V. 90, p. 1359.
Balance $103,001 $93,771 $37.658 $21,299• In 1906 the "extraordinary expenditures" amounted to $1,436,693,
of which $980,000 were charged against income. In 1907, 1908 and 1909"extraordinary" expenses were charged in their entirety directly to income.In 1909, the balance of such expenses left over from 1906, viz. $456,693,was also charged against income.a Includes $456,693 brought over from 1906.OFFICERS.-Pres.. William A. House; Vice-Pres , Frank A. Furst'
Sec., William Early; Acting Treas., J. H. Windsor; Aud., N. E. Stubbs.:Gen. Mgr., Thomas A. Cross.-V. 87, p. 546, 1606; V. 88, p. 1003, 1123;V. 89, is. 44, 1543, 1598; V. 90, p. 1045. 1359; V. 91, p. 39.
(1) Baltimore Sparrows Point & Chesapeake Ry.-
ORGANIZATION.-In Jan. 1903 was leased for 999 years to the Un.Rya. & Electric Co. of Baltimore, which guarantees the bonds below, bothas to principal and interest, and also owns all of the stock. See V. 79 p.
2693. Has 35 miles of single track, including a line 22 miles long connecting
Baltimore with the Maryland Steel Works at Sparrow's Point, and extend
lag beyond along the shore of Chesapeake Bay, where summer resorts have
been established.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $2,000 000 $400,000 1st mtge.. $2,000,000, void' 1903 4 g F-A 2.000,000 Feb 1 1053(81 000) guar principal }Fidelity Trust Co., Baltimore, Trustee,and interest cs) Interest at Alex. Brown & Sons, Baltimore.
REPORT.-Operations included in United Rys. & Elec. V. 80, p. 221.
(2) Baltimore Halethorpe & Eikridge RY.ORGANIZATION.-Incorporated on Dec. 26 1905 in Maryland. Stock,
000,000; outstanding, $10,000. Iias made a $300,000 mtge to FidelityTrust Co. of Baltimore, trustee. 20-year 5% bonds, prin. and int., payableat Alexander Brown & Sons, Bait.; not guar. by United Rys. & Elec. Co.None out. Owns 2.964 miles of road, which is operated by United Rys.& Elec. Co.-V. 87, p. 543.
THE MARYLAND ELECTRIC RAILWAYS CO.ORGANIZATION.-In 1906 the charter of the Maryland Elec. Ry. was
acquired by interests friendly to the United Rys. & Elec. for tile purpose,among others, of using that company to finance the needs of the United Rys& Elec. Co., for additional property, and charter amended by Legislature in1906 to adapt It to that purpose. In Aug. 1906 was consol. with the Balti-more de Annapolis Short Line, which latter line has since been electrified.The Maryland Electric Railways then acquired car barn sites, terminals.&c., and is erecting buildings, constructing extensions, purchasing equip-ment, &c which Is leased to the United fly. & Electric Co. for an annualrental of 6% upon the actual cost of the property. At maturity of tile$8,000,000 bonds of The Maryland Elec. Rys., the United obligates itselfto purchase the property so leased at a sum suMelent to retire the bonds.See plan In full in V. 83, p. 156. There is no guaranty endorsed on bonds.but the terms are such that rental will be more than sufficient to pay interest.Stock listed on Baltimore Stock Exchange in Feb. 1908.
STOCK AND BONDS- Date, Interest. Outstanding. Maturity.Stock, $1,200.000 ($50) $1,200,000 July '08, 1%1st M, $8,000,000, g (81,000),1 1906 5 g A-0 4,000,000 Oct 1 1931sink fd c*IMereantile Tr do Dep. Co., Bait., Trustee.
Baltimore & Annapolis lstf 1906 5 g F•A 1 000,000 Aug 1 1946mtge, $1,000,000 Fidelity Trust Co., Baltimore, Trustee.
ilnterest at Alex. Brown & Sons. BaltimoreBonds.-A sinking fund of 1 Wro on Md. Elec. ay. 1st mtge. bonds out
began Mar. 30 1910. Bonds are redeemable at 110 and int. on any int. dateupon 00 days' notice. Int. payable at office of Alex. Brown &Sons. See/. 83, p. 818, 970.Dividends.-First dividend (134%) was paid in Jan. 1907 and 2% was
paid July 1 1907. In 1908, Jan., 1%; July. 1%; none since.
ROAD.-Operates 25.5 miles of track from Cliffords to Annapolis, whichhas been converted to electricity. An extension known as the St. PaulStreet Boulevard line was completed in 1907; It Is leased to the United Rye.& Elec. Co.
OFFICERS.-Pres., John Wilson Brown; Vice-Pres. and Gen MgrJames F. Heyward; Sec., Austin MeLanahan; Treas., Geo. May.-V. 85.p. 1577; V. 86, p. 337, 1159; V. 88. p• 686.
BANGOR, ME.BANGOR RAILWAY & ELECTRIC CO.ORGANIZATION.-Incorporated in Maine on Feb. 16 1905 and is a
consolidation of the Bangor Hampden Fc Winterport Ry., the Public WorksCo., the Bangor Orono & Old Town Ry. and the Old Town Electric Co.On Feb. 1 1906 absorbed the Bangor & Northern RR. which was a re-organization of the Penobscot Central Ry. V. 82, p. 333. In Dec.1909acquired all the stock of Veazie Lumber Co., which owns the dam from whichthe Bangor Ry. & Elec. Co. secures its power. Does entire electric lightingand a power business in Bangor, Old Town, Brewer, Milford, Orono, Veazieand Hampden, with the exception of lighting in Bangor, which is furnishedfrom a municipal plant. Also furnishes water supply to Brewer, Veazie andOldtown. Franchise for about 12 miles of track in Bangor expires in 1912;others are unlimited to time.Through ownership of!three-quarters of thebondsand!all but one share of
stock, it controls the Bar Harbor Fc Union River Power Co., which hadabsorbed the Bar Harbor Electric Light Co., Ellsworth Water Co. andrifilsworth Electric Illuminating Co. V. 87, p. 1009.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $1,500,000 ($100) . . 6 Q-J $1,500,000 Oct '10, 1341st con mtge. g, $2,000,000 1965 5 g J.4 1,916,000 July 1 1935($500, $1.000) c* Guaranty Trust Co., New York, Trustee.
Public Works Co, 1st, gold, 1899 5 g A-0 600,000 April 1 1929$600,000 ($500, $1.000) c* Interest at Old Colony Tr. Co.. Boston, Trus.
Bar Harbor Fc Un. Riv. Pow 1907 5 M-S 169,000 Sept 1 1935Co. 1st Fc ref. $2,000,000_ Trust Co. of North America, Phila., trustee.
Bar Harbor E L Co $100,000_ 434% 100,000 May 1 1921Bonds.-Of the $2,000,000 bonds of Bangor Ry. & Electric, $14,000 can
be used for extensions and betterments at 85% of cost. Are subject tocall on 12 weeks' notice at 10734 and interest. Interest is payable in NewYork and Bangor. See particulars, bonds, property, &c., V. 87, p. 1009.The Public Works Co. bonds are not subject to call. V. 80, p. 2456. Ofthe Bar Harbor & Union River Power Co. mtge. $100,000 are reserved toretire Bar Harbor Elec. Light Co. bonds. They are subj. to call at 10734and int. on any int. day on 60 days' notice.
Dividends.-5% per annum was paid on the stock from Oct. 1 1905 toOct. 1909, when 134% (quar.) was paid; same rate since to Oct 1910.
EARNINGS.-Combined earnings of Bangor Ry. & Elec. Co. and BarHarbor & Union Riv, Pow. Co. for years ending June 30.Year- Gross. Net. Charges ec. Taxes. Surplus.
• ROAD .-Operates 62.82 miles of track in Bangor and Brewer,Me., andfrom Bangor to Hampden, to Orono, to Old Town and to Charleston.Rails, 48 to 90-lb. girder and T standard gauge.
OFFICERS.-Pres.. John R. Graham; V.-P. Frank SillimanJ r.; Clerk& Treas., Howard Corning.-V. 84, p. 338; V. 87, p. 1009; V. 89, p. 777.
BARRE, VT.BARRE &7MONTPELIER TRACTION & POWER CO.-A trolley road.Sold.-In May 1907 the control of this company was sold to a syndicate
represented by Frank M. Corry, Pres. of the First Nat. Bank of Montpelier.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $150,000, par $25 $120,000 . _lit M, gold, $100,000 ($5001 1897 5 g M-N 100,000 Nov 1 1917each), not subject to call.c• lint. at American 'tr. Co., Boston, Trustee.EARNINGS.-Fiscal year ending June 30 1909: Gross, $51,328; net.
$10,247; interest and taxes, $7,704; surplus, $2,543.ROAD.-Barre to Montpelier, Vt., 934 miles, opened June 30 1898.
Power is furnished by the Corry-Deavitt Frost Electric Co. (capital $225.-000) under a 10-year contract from March 1 1909,OFFICERS.-Pres.. F. M.
Corry. Montpelier; V.-P., H. K. Bush,
Barre, Vt.; Sec. & Treas.. E. H Deavitt, Montpelier; Gen. Mgr., I. M. Frost,Montpelier.-V. 84, p. 1246.
BATON ROUGE, LA.BATONTROUGEIELECTRICICO.ORGANIZATION, ETC.-Organized In Louisiana; does entire electric"
railway, electric-lighting, power and gas business in Baton Rouge. Rail-way franchise expiresA1940; gas 1942, electric-lighting and power 1988-V. 88, p. 881.STOCK AND BONDS- Date. Interest. Out stanaing. Maturity.
Common, $500,000 ($100)- $300,000 Pref., $250,000 ($100) 6%_ 200,000 1st mortgage, $750,000 goidj 1909 5 F-A 400,000 Feb. 11030($500 and $1,000) c•TInterest at City Trust Co., Boston, trustee.Stock.-Div. on pref. Is cumulative after June 1912. Redeemable at 110.Bonds.-$25.000 bonds are in treasury of company; remaining bonds
may be issued at not to exceed 80% of cost of additions and improvements.May be called, in whole or in part, at 105 and int. on any Int. day. Sinkingfund of 1% per annum of bonds out begins Feb. 1 1914.
EARNINGS.-For 12 mos. ending Dec. 31 1909, gross, $99,757, net,$29,906; int. and taxes, $19,269; surplus, $10,637. In 1908, gross, $93.-257; net, $27,804.ROAD.-Operates 3.9 miles of track in form of a single belt through
Baton Rouge; 13 cars; standard gauge.OFFICEltS.-Pres., Chas. F. Wallace; V.-Ps., Edw. Godchaux and
Chas. E. Aldrich Jr.; Sec., Alvah K. Todd; Treas., Henry B. Sawyer; Gen.Mgrs., Stone & Webster; Mgr., W. A. Buttrick.-V. 84, p. 506; V. 88, p.881; V. 89, p. 720.
BEATRICE, NEB.BEATRICE ELECTRIC COMPANY. . . . . .
ORGANIZATION.-Formerly operated the street railway in Beatrice,7 miles, but this has since been given up and there is nostreet railway inoepecertigel7gnyngloffiesfniensIsBeatrice. The Beatrice Electric now does only an
a
BELLINGHAM, WASH.ATCOM COUNT V RAILWAY & LIGHT CO -A trolley road.
ORGANIZATION.-Incorporated in New Jersey on Nov. 26 1902. Con-trols the entire street railway, gas, electric-lighting and power business ofBellingnarn. Principal railway franchise expires in 1941; minor railwayfranchise in 1934; electric-lighting and power franchise in 1940: gas franchiseIn 1941. In Oct. 1905 acquired the Nooksack power plant of the Belling-ham Bay Improvement Co. and also the lighting franchises of that company.V. 81, p. 1316, 1494.On May 16 1910 shareholders authorized an increase in pref. stock from
$750,000 to $1,350,000, and also approved an Issue or guarant,g of an Issueof not exceeding $5,000,000 new bonds; proceeds of new sto to be usedto purchase stock of a new company (the Bellingham & S git Ry. Co..
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
10 ELECTRIC RAILWAYS (VOL. Lxxxxi.
ncorp. In Maine). which is to build a railway from Bellingham to Mt Ver-non and Sedro-Woolley and new bonds to be issued In connection therewith.V. 90, p. 1615STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common. $750.000 ($100) $750,000 Pref $1,350,000 6 % cum __ M-S 897,100 Sept.'10 .3 %First mortgage, $2,500,000,1 1905 5 g M-N 1.518,000 Nov 1 1935
gold ($1,000) j Int. at City Trust Co.. Boston, Trustee.Stock.-Pref. stock is redeemable at 110.Bonds-Bonds subject to call as a whole on any Int. date at 105 and int.
Sinking fund of 1 % per annum of bonds outstanding, if earned,commencedNov. 1 1906; on Nov. 1 1911 becomes obligatory.Dividends.-6 % is being paid on preferred stock.EARNINGS.-For 12 mos. ending Dec. 31 1909, gross, $406,867; net,
$178,775; charges and taxes, $99,799; divs., 526.382; surplus, $52,594.ROAD.-Operates 23.2 m. of track; standard gauge; rails 40 to 60-1b.;
47 cars.OFFICERS.-Pres., Guy E. Tripp; V.-P., J. W. Hallowell; Sec., Alvah
K. Todd; Treas., Henry B. Sawyer; Gen. Mgrs. and Transfer Agents,Stone & Webster, Boston, Mass.; Mgr., L. H. Bean, Bellingham.-V. 82,p. 393, 1042; V. 84, p. 1369; V. 85, p. 1144; V. 90, p. 1615.
BENTON HARBOR, MICH.BENTON HARBOR-ST. JOE RAILWAY & LIGHT CO.ORGANIZATION.-Incorporated in Michigan in Jan. 1906 and is a con-
solidation of the Benton Harbor & St. Joseph Electric By. & Light Co.and the St. Joseph River Traction Co.STOCK AND BONDS- Date. Interest. Outstandisay. Maturity.
Common, $700,000 ($100)-- *700,000 Pref., $300,000 ($100) 6 F-A 300,000 1st con M, $1,000,000. gold 1906 5 g M-N 800,000 Nov 1 1935($500 and $1,000) c Int. at Columbia Tr. Co.. Louisville, Trus.BH&SJ El Ry & L 1st M. 1900 5 g M-S 200,000 Sept 1 1920
$200,000, gold ($1,090)__ Int. at Am. Tr. & Say. Bank, Chic., TrusteeBonds.-Of the $1,000.000 new bonds. $200,000 are reserved to retire
prior liens. They are subject to call on any interest day at 105. The $200,-000 bonds of the old company after 1910 have a sinking fund of $10,000 perannum, but bonds cannot be called. See V. 71. p. 1268; V. 72. n• 282-EARNINGS.-Gross earnings for cal. year 1909 weve $216,005.ROAD.-Operates 16 % miles of track in St. Joseph and Benton Harbor,
with extensions of 13 % miles to Eau Claire and 10 miles to Paw Paw Lake,making a total of 40 miles. 60, 70 and 73-lb. girder and T-rail.OFFICERS.-Pres., C. K. Minary, Benton Harbor, Mich.; V.-P., Will-
iam Jarvis, Louisville, Ky.; Sec.. L. W. Botts, Louisville; Gen. Mgr., H. C.Mason, Benton Harbor.-V. 82, p. 333.
Stock ($50), $100,000 A-0 $100,000Apr'10,2lit mort. $300,000 (51,000)1 1900 4 g J-D 150,000 June 1 1940
• gold 0 . No s. f. but can be I Interest at Portland Trust Co. Portland, Me.,called In 1920 1 trustee.Dividends.-In 1902. 234%: in 1903. 3%; in 1904, 33.%: in 1905. 4%;
In 1906, 5%; in 1907, 5%; in 1908, 5%; in 1909, 5%; in 1910, Apr., 2 %%.EARNINGS-For fiscal years ending June 30Year- Gross. Net. Int., etc. Dividends. Surp.
1909-10 $68,002 $18,600 $7,313 $7,500 $3,7871908-09 66,824 16,043 7,032 5,000 4,011ROAD-Operates 8 miles of track between Saco, Biddeford and Old
Orchard Beach. .9FFICERS-President, C. H. Prescott, Biddeford; Secretary and Treas-
urer. E. F. Lord.-V. 70, p. 1048; V.73. p.494.
BINGHAMTON, N. Y.BINGHAMTON RAILWAY CO.-A trolley road.ORGANIZATION.-Is a consolidation Sept. 30 1901 of the Binghamton
RR. Co (chartered Aug. 11 1892 as a consolidation of all street railways incity) and the Bing. Lestershire & Union RR. Principal franchises grantedby special Acts of Legislature, and are said to be practically exclusive andperpetual.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock. $1,150,000 ($100) _ $978,:,49 Sept '09 2%Binghamton RR. Co. M.,1 1 35,000 1911-1917$900,000, g. $1,000_ _ __co I ($5,000 due ye irly
(See text) Interest at Met- I 1893 5 g J-J 50,000 1918-1922tropol. Trust Co., N. Y., I (10,000 due yearly Mar 1Trustee.579,000 due Mar 1 '23
Bing. Lest. & Un. 1st M.) 1895 5 g J-D 147,000 June 1, 1925($250,000) gold, prin-} Interest at Metropolitan Trust, N. Y.cipal and int. guar. J Binghamton Trust Co., Trustee.
Bing. Ry. 1st consol. mort. 1 1901 5 gM-N 1,000,000 Nov. 1 1931$2,500,000 gold ($1,-Interest at Fidelity Trust Co., Buffalo, True-000) eitee, or Seaboard National Bank, New York.Bonds.-Of the bonds of 1893, $90,000 mature in installments as indicated
In the table, and the remainder Mch. 11923. 5139,000 of these BinghamtonRR. 5s have been purchased by the President of the co. and are expected tobe exchanged for the consol. bonds. Of the new bonds of the Binghamton By.Co., enough are reserved to retire underlying bonds, and the remainder foracquisitions, extensions, &c., under careful restrictions. The bonds aresubject to call after Nov. 1 1911 at 110 and interest. See V. 73, p. 1312;V. 78, p. 701; V. 88, p. 748.
Dividends.-2% was paid Jan. 31 1902; 2% Mar. 3 1903; 2% Apr. 111904 and 2% Apr. 10 1905. A scrip dividend of 20% was paid Apr. 181905. In 1906, May, 2 %%. In 1907. Dec., 2 A%. In 1908. Dec., 2;4%.In 1909, Sept., 2A%.ROAD.-Operates 46 miles of track. Connects Binghamton with
Lestershire, Hooper, Endicott, Union and Port Dickinson. An extensionfrom Union to Owego is being constructed. Standard gauge, 60-lb. to 94-lb.T and girder rail; 75 motor cars and 27 trail cars.REPORT.-Figures for year ending June 30 1910: Gross, 5348,786; net,
$148,533; interest and taxes, $108,428; surplus, $40,105. In 1909: Gross,$331,777; net, $138,259; interest and taxes, $107,549; surplus, $30,710.OFFICERS.-Pres. G. T. Rogers; V.-P. Geo. E. Greene; Secretary, John
B. Rogers; Treas. H. C. Hardie; Gen Man. and Pur. Agt., J. P. E. Clark:Office, Binghamton, N Y.-V. 79, p. 1649; V 88, p. 748; V. 90, p. 770;V. 91, P• 275.
BIRMINGHAM, ALA.BIRMINGHAM RY. LIGHT & POWER.Controlled by the American Cities By. & Light Co.. which owns 88.3%
of the common and 78.8% of the preferred stock. V. 83, p. 36.ORGANIZATION.-Consolidation on June 13 1901 of the Birmingham
Gas Co., the Consolidated Electric Light Co. and the Birmingham By.Light & Power Co. Comprises all the street railways, gas and electric-lightand power plants of Greater Birmingham and Bessemer. with the excep-tion of gas in Bessemer and a small electric plant in North Birmingham.Franchises covering gas, electric-light and power business and street railwaylines are, with some unimportant exceptions, stated to be perpetual. Ownsand operates a steam-heating plant in Birmingham.
Isidore Newman & Son, New Orleans, are Fiscal Agents.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Common ($100) $3,500,000_ 53,500,000 June '10, 23Preferred stock ($100) 6%1
53,500,000 cumulative_ _ _ ____ 6 J-D 3,500,000 June '10, 3%Birmingham Ry & El 1st M gl 1894 5 g J-J 946,000 July 2 1924
$1,250,000 ($1,000) ___ce 1Interest at Central Trust Co.. New York.Gen M ref $10,000,000 gold( 1904 434 g A-0 8,720,000 April 1 1954(51,000) ei Int. at Commercial-Germania Tr. & Sav.Bk.,
(New On.. Trustee, or at N.Y.Trust Co..N.Y.Ref & eaten M 525,000,0001 1907 6 g M-N 1,500,000 May 1 1957($1,000) gold sinking }Interest at Old Colony Trust Co,. Boston,fund c*1 Trustee, and N. Y. agency of company.Bonds.-Of the new $25,000,000 bonds, $9,667,000 are reserved for prior
liens. $1,200,000 for cost of new power house if first lien on same, balance for80% of cost of additions if net earnings are 1 34 times the int. on all bonds
outstanding, Including those to be issued, and provided 10% of gross earn-ings have been expended for maintenance within previous 12 months. Thedirectors may make the rate of Interest on succeeding installments not toexceed 6%. Bonds not subject to call. Sinking fund of % of 1% of bondsoutstanding starts in 1918. For details of bonds, property. &c., see V.87. p. 1603. Of the general mortgage of 1904, no more bonds canbe issued. Sink, fund, of % of 1% of bonds outstanding, begins 1924. Thebonds are subject to call at 105 and int. For the 1st 5s of 1894, 512,500per annum is payable into a sinking jund; $304,000 have been canceled.Dividends.-First div. on pref. stock, of 3%, paid in Jan. 1902. and 3%
has been paid s.-a, since then, to and incl. July 1910; on corn, stock in 1903134%; In 1904. 354%; in 1905. 4%: in 1906, 454%; in 1907. 234% (pdDec. 31 1908); 1908, none 1909, Dec., 2%; in 1910, June, 254%.REPORT.-For calendar years:
Year. Gross.1909 $2,286,3691908 2,167,5461907 2,220,999 699,520 479,506 220,0141906 1,932,878 821.975 427,516 394,459ROAD.-Operates 131 miles of track in cities of Birmingham, Bessemer,
and in Jefferson County. Standard gauge. All but 26 miles 70 to 100-1b.T and girder rails. Operates 257 cars.OFFICERS.-Pres. and Gen. Mgr., A. H. Ford, Birmingham; V.-Ps..
Geo. H. Davis, New Orleans, and Lee C. Bradley. Birmingham; Sec.,J. P. Ross; Treas. and Aud., Theo. H. Rabe.-V. 84, p. 803, 1427; V. 85,p. 98, 220, 598, 653; V. 86, p. 479; V. 87, p. 1603; V. 90, p. 53! V.91, p. 37.
Net after Interest andTaxes. Sink. Fund Surplus
$878,625 5535,310 $343,315733,696 527,386 206,310
AMERICAN CITIES RAILWAY & LIGHT CO.-A holding company.ORGANIZATION.-Incorporated in New Jersey on June 16 1906.
Owns 84.1 of the pref. and 88.2 of the corn, stocks of the Birmingham Ry.Light & Power Co., the Memphis St. Ry., the Little Rock By. & ElectricCo., the Knoxville Ry. & Light Co. and the Houston Lighting & Power Co.For terms of exchange, see V. 83, p. 35.
Outstanding Securities American Cities Railway & Light Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock.-Preferred stock may be redeemed after three years at 10734 andaccumulated dividends.
Dividends.-First div. on pref. stock, 3%, was paid Jan. 1907; 1 34%quer. since to and including Oct. 1910. First div. on corn., 1%, paid Ju y1909. In 1910, Jan., 154%; July, 13%.Income Account.-For year ending Dec. 31 1909:
Dividend on stock owned.. $701,333 General expenses and taxes_$28,082Other income 12,911 Preferred divs. (6%) 414,366
Common divs. (234%) 269,027Gross income $714,244
Balance, surplus $2,769Combined Earnings of Controlled Companies for Calendar Year,
Year. Gross. Net after taxes.Int. & s. I. Surplus.1909 $5,801,238 $2,440,293 51.277.042 *1,163,2511908 5,435.495 2,155,246 1,253,715 901,5311907 5,437,796 2,066,093 1,156,005 910,0881906 Out of surplus earnings ihere have been set aside certain reserve fund; for
betterments, reconstruction, depreciation, &c.OFFICERS.-Pres., J. K. Newman; 1st V.-P., Geo. H. Davis; 2d V.-P.
and Treas., L. Carroll Root; Sec. and Asst. Treas., Madge MeGrath, all ofNew Orleans.-V. 83, p. 35, 322, 1522; V. 84, p. 1179; V. 88, p.1251;1431, 1559, 1618; V. 89, p. 347; V. 90, p. 107. 913, 1042. 1612,
BLOOMSBURG, PA.COLUMBIA POWER, LIGHT & RAILWAYS CO.ORGANIZATION.-Incorporated in Delaware. Owns either the whole
or over 90% of the capital stock, and in some cases the majority of the bonds.of the following companies, operating in the towns of Bloomsburg, Dan-ville, Catawissa and Berwick: Columbia & Montour Elec. By. ($375,000stock); Danville & Bloomsburg St. By.; Berwick Elec. Lt. Co.; West Ber-wick Elec. Lt., Heat & Power Co.; Irondale Elec. Lt., Heat & Pow. Co.;United Gas & Elec. Co., Standard Gas Co. and Standard Elec. Light Co.Began operations July 1909.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Common $850,000 $850,000 Preferred $350.000 305,500 Collat trust mtge $850,000 g.1 1909 5 g 614.500 Feb 1 1939($100, 5500 and $1,000) _ _ Int. at Commonwealth Tr. Co., Harrisb., Tr.
Col & Mont 1st M $375,000 g 1901 5 g J-J 375,000 Jan 1 1931($500 and $1,000) _ ___c&r Int. at Commonwealth Tr. Co., Harrisb.,Tr.
Danv & Bloomsb St Ry bds___ _--- 157,500 Berwick Eiec Light Co bonds_ 79,000 Bonds.-Coll. trust bonds are subject to call after 5 years in whole or
in part at 105 and interest.EARNINGS.-For year ending June 30 1910, gross, $207,467; net, after
taxes, $75,990; interest, $63,488: surplus, $12,502.ROAD.-Operates between Danville, Bloomsburg, Catawissa and Ber-
wick. Standard gauge.OFFICERS.-Pres., E. R. Sponsler, Harrisburg; V.-P., Myron I. Low;
Sec., A. W. Duy; Treas., M. Milleisen, all of Bloomsburg.-V. 89,p. 410.
BLUFFTON, IND.MARION BLUFFTON & EASTERN TRACTION CO -A trolley road.ORGANIZATION.-Organized in 1905 in Indiana. Private right of way.
Leases the Bluffton Geneva & Celina Traction Co.STOCK AND BONDS- Date, Interest. Outstanding, Maturity.
Common, $850,000 ($100) $850,000 First mtge, $850,000 ($1,000)1 1907 5 g J-J 720,000 Jan 1 1937gold, no s f & not red_c&r1Int at Marion Trust Co., Indianapolis, TrustBONDS.-$130,000 are reserved for future betterments under certain
restrictions.ROAD.-Operates 51 miles of track (including 19 miles from Bluffton to
Geneva, leased), between Marion, where connection is made with IndianaUnion Trac. Co. lines and Kokomo Marion & West. Traction Co., andBluffton. Indiana, connecting there with Ft. Wayne & Wabash ValleyTrac. and Indiana Union Trac, Co. Standard gauge. 70-lb. T rail.EARNINGS.-For 12 months ending Dec. 31 1909, gross, $104,088; net.
549,637. In 1908, gross, $100,914; net, $44,646.OFFICERS.-Pres., H. C. Arnold; V.-P., L. A. Williamson; Sec. and
Mgr., R. F. Cummins; Treas., W. A. Kunkel; Amt., J. S. Clark; Supt., C. W.Clark; all of Bluffton.(1) Bluffton Geneva & Celina Traction Co.-A trolley road.ORGANIZATION. &c.-Organized in Indiana in 1907. Private right
of way. Was leased July 1 1910 to the Marion Bluffton & Eastern Trac.Stock, $450,000 corn., $225.000 (5% cum.-J.-J.) pref. Road, 19 miles oftrack between Bluffton and Geneva through Vera Cruz and Linn Grove.Pres., H. C. Arnold V.-P., A. G. Briggs; Sec., R. F. Cummins; Treas.,W. A. Kunkel.
BOISE CITY, IDAHO.BOISE & INTERURBAN R Y. CO.-A trolley road.ORGANIZATION.-Incorporated 1896 in Idaho.STOCK AND BONDS- Date. Interest. Outstanding. Maturity
Stock, $5.000,000 ($100). $1,274,000 1st mtg, $5,000.000, g($1,000) 1 1896 5 g A-0 1,024 ,000 1936s f and sub to call c&rf Int. at Colonial Trust Co., Pittsb., Trustee.ROAD.-Operates 37 miles of track between Boise and Caldwell. Includ-
ing 834 miles in Boise. 70-lb. T rail. Standard gauge. Owns a 550-ft.5-span bridge over the Boise River. Has erected a freight terminal in Boise.A city Passenger terminal and office building is to be completed Oct. 1 1910.OFFICERS.-Pres., W. E. Pierce, Boise; V.-P., Julian Kennedy, Pitts
burgh; Sec. and Treas., Thos. B. McKalg, Pittsburgh; Gen. Mgr.. Harry F. •Dalton. Boise.
BOSTON, MASS,BOSTON ELEVATED RAILWAY.-(See Map on page 11.)ORGANIZATION.-Charter granted in 1897 provides for an extensive
system of free transfers. The company also, in addition to regular streetrailway taxes, has to pay 54 of 1% of gross "earnings of all lines owned,leased or operated by it," and a sum equal to the excess of the dividendsover 6%. Its charter, however, is understood to "grant it exemption from
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12 ELECTRIC RAILWAYS [VOL. Lxxxxi.
reduction of fares, and also other immunities." (See Massachusetts RR.Commission, V 65, P. 1223.) Elevated cars run with electricity by "third-tad" system; surface lines by trolley. Six miles of elevated road opened InJune 1901; In Aug. 1901 put in operation the Atlantic Ave. Loop Division.
Lease of West End and Subway and Tunnels.-The West End Street By. Isleased until June 10 1922.In Dec. 1896 the West End Street Ry. leased the right to use the Tremont
Street subway in Boston. See terms under West End Street Ry,On Dec. 24 1904 the East Boston tunnel (under Boston Harbor) was leased
by the Boston Elevated By. until June 10 1922 for a rental of if, of 1 % ofearnings of all lines owned, leased or operated. The company also collectsa toll of one cent per person, which goes to the city. The tunnel was openedDec. 30 1904. It extends from the main land to East Boston, 1.4 miles,and cost over $3,300 000.On June 28 1902 Washington Street Subway bill became a law. The city
has constructed a tunnel for elevated trains and leased same to the BostonElevated By. for 25 years at an annual rental of 4 X % of total cost of con-struction, which is estimated at $9,000.000. V. 88, p. 98. Propositionwas ratified by voters at the Dec. 1902 election. V. 75, p. 28, 496, 1315:V. 77. p. 2097; V. 82, p. 217. The Washington Street tunnel began opera-tion Nov. 30 1908. V. 87, p. 1477. In 1907 an Act was passed modifyingplans somewhat, and permitting Boston Transit Commission to constructa subway to be known as the Riverbank Subway, and giving this companyright to lease Eame for 25 years at an annual rental equal to 4.3% of netcost thereof. Another Act passed in 1907 authorizes the company tobuild an elevated extension from Sullivan Square, Charlestown, to Malden.See V. 86, p. 105. The route for this extension has not been finally ap-proved by the Mass. RR. Comm., but only one small alteration Is required.A change in the westerly entrance to the Riverbank subway is now beingconsidered by the Boston Transit Commission under authority of an Actof the Legislature of 1910.On April 29 1903 leased from the Old Colony Street By. all that com-
pany's tracks in the city of Boston, amounting to 23.753 miles. The leaseIs for 99 years and provides that besides paying taxes the Elevated Co. willpay 6X % of replacement value (appraised at $353,979, less the rental ofcertain short pieces of track appraised at $13,866) of the property leased asof date Feb. 16 1903, and 4 % on the cost of all additions and betterments.Subways in Cambridge.-In June 1906 a measure passed by the Massa-
chusetts Legislature became a law, which permits the Boston Elevated toconstruct two subways in Cambridge. and to issue stock or bonds to meetthe cost. At the end of 20 years the city of Cambridge is to have the rightto purchase these subways by paying their cost plus 7 % interest, less divi-dends. V. 83, p. 93. See remarks concerning these subways in company'sreport for 1906, as given in V. 84, p. 155. Work on subways was begunAug. 12 1909. The company in 1908 flied with the Mass. RR. Comm.preliminary estimates of the cost, showing an aggregate of 810,639,278. SeeV. 87, p. 1662. Work is about two-thirds done.Extension.-An extension of the elevated road to Forest Hills was put in
operation Nov. 221909; V.89, p. 1410. In April 1905 $7,500,000 new bondswere issued to provide for this extension and for payment of floating debt.&c. See V. 80, p. 1423.Damages by Noise.-In Aug. 1902 Judge Mason, in the Superior Court
at Boston, held that the company is liable for damages from noise causedby the operation of trains. V. 75, p. 496. This was affirmed April 1903,by Massachusetts Supreme Court. V. 76, p. 809.Consolidation with est End Street Ry.-Under an Act of the Massachusetts
Legislature, approved May 28 1908, consolidation with the West End StreetRy., now leased, Is permitted; 8% cumulative first pref. stock Is to be issued,share for share, for the pref. stock of the West End, and 7% cumulative 2dpref. stock for the common stock of the West End. V. 86, ID. 917, 1342.On April 14 1909 West End stockholders voted to petition the Legislaturefor permission to consolidate with the Boston Elevated on the basis of amodified plan, which calls for better security for both classes of Elevatedpref. stock, which are to be exchanged for West End p ref. and corn.; 8%,dividends on both classes of stock from date of consolidation; and the dis-tribution of some $1,317,000 "free assets" among holders of West Endpref. and and corn. stocks. See V. 88, p. 946, 1003. The Boston TransitCommission and the Massachusetts Railroad Board, to which the Legisla-ture referred the matter (V. 89, p. 44), reported in Jan. 1910 adversely tothe contentions of the stockholders' committee. See V. 90, p. 235. Legis-lature has again referred the matter to the two boards sitting jointly. Forstockholders' committee circular sec V. 89, P. 1484, 1544.STOCK AND BONDS. Date. Interest. Outstanding Maturity.
Stock, $23,000,000 ($100) - F-A $19,950,000Aug 15'10 3%Debentures, gold c&r) 1905 4 g 8,500,000 May 1 1935
101(1 Colony Trust Co., Boston, Registrar.Debentures. gold c&r 1907 4X %, 4,800,000 Oct 1 1937Bonds.--The coupon bonus are in denominations of $500 and $1,000 and
registered bonds are in denominations of $1,000, $5,000, $10 000 and$50,000.On April 30 1907 shareholders voted to increase the authorized stock to
$21,300,000 and the bonded debt from $11,000,000 to $16,800,000, toprovide for new construction and equipment. See statement in V. 84, p.1051. Massachusetts Commission was petitioned for authority toissue $8,000,000 of the new stock; also authority to issue $5,800,000 of thenew bonds for the cost of power additions, new equipment and the ForestHills extension. This latter authority was granted In June 1907. Of thisamount 51,000.000 has been issued as 4s maturing May 1 1935 and remain-ing $4,800,000 were sold as 4 Xs maturing Oct. 1 1937. V. 85, p. 865,920; V. 86, p. 277. In Dec. 1908 Mass. RR. Commission sanctioned$6,650,000 additional stock (raising stock to $19,950,000) at $110 per share(Instead of the $8,000,000, petition to issue which was withdrawn. V. 85,p. 1461). to defray the cost of the Cambridge subway and for the construc-tion of the East Cambridge and the West End elevated lines. V. 87, p.1662. V. 87, p. 1662; V. 88, p. 1372.
Dividends.-First div., 2 X %, was paid Aug. 15 1898. In 1899, 5 X %;in 1900, 4 ;4%; in 1901, 5 X %; in 1902 to 1909 inclusive, 6% yearly; in1910, Feb., 3%; Aug., 3%.ANNUAL REPORT.-Report of Boston Elevated By. for year ending
Sept. 30 1909, in V. 90, p. 105. For 1908, in V. 88, p. 98. For 1909, inV.86, p. 105. For 1906, In V. 84, p. 155. Fiscal Year has been changed toend June 30, and report for 1909-10 will be for that period, but had notbeen made at the time of going to press.
1908-09, 1907-08. 1906-07. 1905-06.Revenue passengers_ _ _ •281,008,471•273,132,584•271,084,815•262,267,240Car miles run 51,127,681 51,857,889 52,061,569 50,280,786Earnings-
Int. on West End debt $680,180 $668,280 $650,319 $653,680Taxes, West End 631,116 574,113 525,509 573,204Taxes, Boston Elevated 293,488 294,017 318,189 344,823Compensation tax 139,171 117,189 123,276 115,987Rental of subway 186,792 205,522 207,274 201,269Divs. on West End stock 1,290,410 1,270,841 1,200,874 1,190,248Other rentals 9,180 9,180 9,180 9,180Rent to Old Col.St.Ry.,&c. 46,566 41,283 40,362 37,783Int. on Dos. El. fund d't 378,909 348,137 306,389 300,000Wash. St. Tunnel rental 254,924East Bos. Tun'i rental 53,216 51,685 51,371 49,708Depreciation fund 200,000 200,000 100,000
*These figures cover revenue passengers only. No data available as tofree transfer passengers.
Road September 30 1909.Miles Miles
Main line 1st track (10.0 m. "L"_233 Owned by West End 407do do 2d track (9.8 "L") _ _198 Leases, trackage, &c.(24 m. "L") 77
Sidings, &c. (4.2 miles "L") 53 -- Total (24 m. "L") 484
Total (24.8 miles "L") 484 Electrically equpiped 478Weight of girder rails is 70 to 100 bs. Cars, 3,570; horses, 251; electric
motors, 6,145; snow plows, 306; snow sleds, 622; misc. vehicles, 481.OFFICERS.-Pres., William A. Bancroft; V.-P., Charles S. Sergeant;
Treas., Henry L. Wilson; Sec., Daniel L. Prendergast; Aud., J. H. Neal.-
V. 86, D. 105, 277, 917, 1342; V. 87, p. 872, 1089, 1237, 1299, 1357, 1477,1662; V. 88. p. 98, 373, 943, 1001, 1372; V. 89, p. 1279, 1410; V. 90, p. 105.235, 1554; V. 91, p. 335.
Companies Controlled by Boston Elevated Railway Co.(1) West End Street Rail way.-A trolley road.ORGANIZATION .-Leased to Boston Elevated By. until June 10 1922
at 7 % on common and 8 % on preferred in addition to the payment ofrentals, interest and other charges. Elevated assumed possession Jan. 11898. See terms in V. 65, p. 1223. Consolidation proposed with the Bos-ton Elevated By. See particulars under latter company.In Dec. 1896 leased the right to use the Tremont Street subway at 4 X%
of its net cost, stated approximately as $5,786,000 in Sept. 1898, when thethird and last section was opened. Entire length is 1 2-3 miles, with atrackage of about 5 miles. See V. 63. p. 1065, 1117; V. 67, p. 528.In Sept. 1910 shareholders were offered right to subscribe, at $75 and.ac-
crued divs.' on or before Oct. 15 1910, for $1,390,000 new common stock
(auth. by 1111. Comm. In Sept. 1910) V. 91, p. 718) to cover cost of Improve-ments made by the Boston Elevated. V. 91, p. 791, 718, 655, 277; V. 86,p. 549, 482, 109, 53; V.85, p. 1578, 1520; V. 84, p. 1553, 1369, 932, 805, 572.STUCK AND BONDS.- Date. Interest. Outstanding. Maturity
Corn stock (850)512,510.150._ _ 7 A 0 $11,120,150 Oct '10,3Preferred ($50) $6,400,000.._ 8 J-J 6,400,000 July'10. 4%Gold bonds of 1894 1894 4 X g 111-S 2,000,000 Mch 1 1914Gold bonds of 1896, $2,275,1 1896 . 4 g 111-N 815,000 May 1 1916000 not mortgage _ _
Gold bonds of 1897, $2:70-0-,- 1897 4 g F-A 2,700,000 Feb 1 1917000 not mortgage cJ
Currency bonds ($1,000) noti 1900 4 F-A 4,743,000 Aug 1 1915mortgage c Interest at Old Colony Trust Co., Boston.
Bonds ($1,000) c* 1902 4 F-A 5,709,000 Aug 1 1932Bonds (57(10,000) c&r 1908 4 4 J-J 7011.0)11) Jan 1,1923Bonds ($850,000) ($1,000)c&r 1910 4 X J-J 850,000 July 1 1930Bands.--VVIth the exception of 1900 Issue (noted auove) interest on all
Issues Is payable at American Trust Co., Boston.OFFICERS.-Pres., Joseph B. Russell: Treas.. Paricinan Dexter.-
V. 87, p. 1012, 1089, 1161, 1534: V. 88. p. 102, 824, 946, 1003: V. 89. p. 44.1484, 1544; V. 90, p. 238. 1678; V. 91, p. 155, 277, 655, 718, 791.(2) Somerville Horse RR.Owns 8.03 miles of track. Leased to West End Street Ry. for $9,180
yearly-6 % on $153,000 stock. Dividends are payable (M &N) in Boston.
BOSTON SUBURBAN ELECTRIC COMPANIES.-A trolley system.ORGANIZATION.-This company is a voluntary association formed in
Nov. 1901 on the same lines as the Massachusetts Electric Companies. Theproperties controlled are the Lexington & Boston Street By. and. the Middle-sex & Boston Street By. (into which the Natick & Cochituate St. Ry., theWestboro & Hopkinton St. By., the Newton & Boston St. By, and the dew-ton St. Ry. have been merged). The entire issues of the stock of these roadshave been acquired. In 1902 also purchased Norumbega Park and Lexing-ton Park. In 1908 Massachusetts Railroad Commission sustained actionIncreasing fares on several of the subsidiary lines from 5 to 6 cents. V. 87.p. 345. Has acquired freight rights in several of the towns along its lines.
Waltham Gas Property.-In 1902 secured entire ($324,700) capital stockCo.,of the Waltham Gas Light V. 74,p.377. On April 28 1909 sharehold-
ers voted to sell property and liquidate company. The price received was$1,100,000, but $350,000 went to retire outstanding notes, leaving $750,000cash. This was used to reduce Boston Sub. Elec. floating debt and to retirethe shares of the latter originally issued to cover the Waltham Gas property.See V. 89. p. 720.STOCK .--Shares have no par value, but in case of liquidation the pre-
ferred shareholders will be entitled to $100 per share, with accrued divi-dends; the common shares participating pro rata In the remaining assets.(See V. 73, p. 1159, 1263.) in 1904 15,635 shares of preferred and 15 635shares of common were offered to shareholders at $66 67 for one share ofpref. and one share of corn. jointly. In Sept. 1909 stockholders voted thatsuch an amount of pref. and not more than an equal amount of corn. be re-tired as can be purchased by use of funds to an amount not exceeding $600,-000, and the use of notes (see below) to an aggregate not exceeding $2,000.-000. V.89, p.720, 846, 1068. Listed on Boston Stock Exch. In April 1905.
Date. Interest. Outstanding. Maturity.Common stock 50,296 sh.Preferred stock, $4 per sh. cum ____ Q-J 32,287 sh. July 15,10.81Coupon notes, $2,000,0001 1909 4 J-D 1,550,800 Dec. 1 1919($100, $500 and $1,000) __ _f Interest at Boston Safe Deposit & Trust Co.Notes.-The 1909 notes are not specially secured but are simple obli-
gations of the company, subject to call on any Interest date on 60 days'notice at 105 before Dec. 1 1914, thereafter at 102 i.. V. 89, p. 1068.ROAD.- Companies owned and controlled operate In the aggregate about
141 miles of track from Needham on the smith to Lowell on the north, andconnecting at five points with the tracks of the Boston Elevated By. AtWestboro connection is made with the Worcester Consolidated.Dividends.-First of $1 on preferred paid April 1902; also $1 July 1902
and $1 Oct. 1902. In 1903. 34; In 1904, $3; in 1905, 82; in 1906, 82 75;In 1907, $3. Jan., Apr. and July 1908 div. passed, making arrears of dtvs.to latter date $9. V. 85. p. 1645. In Oct. 1908 divs, resumed and paid75 cents. In 1909, 53. In 1910, Jan., $1; April, Si; July, 31.REPORT.-For fiscal year ended Sept. 30 1909: Income, gross, $243,598;
net, $199,250; diva., $146.382; surplus. $52,868.OFFICERS.-Pres., Adams D. Claflin; V.-P.. Wm. F. Hammett; Treas.,
Alden E. Viles; Sec., A. A. Ballantine: Asst. Treas., G. M. Cox. V. 86.p. 1466, 1528; V.87, p.36, 345. 812, 1418, 1532; V.88, p.1126; V. 89.p.720,846, 1068, 1541; V. 90, p. 53; V. 91, p. 37.(1) Lexington & Boston Street Ry.-Trolley.OROANIZATION.-Incorporated in June 1899. Operation begun In
May 1900. Petition to issue $250,000 new stock had not been granted toSept 1910.STOCK AND BONDS. Date, Interest. Outstanding, Maturity.
Stock $525,000 ($100) $525,000 In'03-04,1 %First mortgage $500,000 gold 1 1900 434 g A-0 500,000 July 1 1920($1 000) c*f Interest at Beacon Trust Co., Boston, Trust.
Current liabilities Sept. 30 '09_ 234,021 Bonds are subject to call at 105.EARNINGS.-Year to Sept. 30 1909: Gross. $148,986; net, $37.317:
charges, $41,367; deficit, $4,050.ROAD.-Owns and operates 32.356 miles of track, leases 0.745 miles;
total, 33.101 miles, extending from Arlington Heights (terminus of BostonElevated system) through Lexington and Bedford to Billerica, where cars gothrough to Lowell without change, and also to the Sullivan Square, Charles-town, station of the Boston Elevated By., with branches to Waltham andto Concord; lalA with 95-lb. girder rail and 60 and 70-lb. Trail; operates 170motors, 23 box and 38 open cars; total, 61 cars; 7 snow-plows, 2 work cars.V. 83. p. 155, 818.(2) Middlesex & Boston Street R y.-Trolley.ORGANIZATION.-Qrganized in 1907 and took over the South Middle-
sex Street Ry., sold at receivers' sale July 1 1907. In Nov. 1908 Massa-chusetts RR. Commission granted permission to consolidate with the West-boro & Hopkinton St. By. and Natick & Cochituate St. By., and to issue$140,000 additional stock to exchange, share for share. V. 87, p. 1420.In June 1909 Massachusetts RR. Comm. approved the consolidation with
the Newton Street By. (Into which Waltham St. By. had been mergedand which had acquired Commonwealth Ave. St. By. and Wellesley &Boston St. Ry.), and sanctioned an issue of $822,000 new stock to carry outsame. V. 89, p. 778. In Oct. 1909 Comm. approved the consolidationwith the Newton & Boston and sanctioned the issue of $200,000 for thepurpose. V. 89, p. 993.On Aug. 1 1908 Massachusetts RR. Comm. gave a decision sustaining
Newton St. Ry. 's right to charge 6-cent fares and to charge one cent extra(beyond the ordinary 5 cents) for each transfer issued. See V. 87, p. 345.In Aug. 1909 Comm. granted the Middlesex & Bost, the right (for an ex-perimental period of one year) to charge one cent extra (beyond the regular5 cents) for each transfer issued; in Aug. 1910 privilege was continued foranother year.STOCK AND
B_ O--N_ D
-
_S_. - Date. I nt ere st. Outstanding. Maturity.Stock, $1,462,000 __ _
gF-A81,462,000
SoMidStRy.$100,000.gold..11895 5 100,000 Feb 11915lInterest at International Trust Co., Boston
West & Hopk St By 5% 40,000 Nov I 1922Newton St By 1st AI cur not 1892 5 J-J 500,000 July 1 1912
msubj to call ($500) $500,000 Int. pay. at A. Loan & Tr Co., Bost. Trus.not) 1892
Ave first mtg 1896 5 g F-A 75,000 Feb 1 1916$75.000 ($500) gold_ __ _e* Int. at Internat. Tr oston, Trustee.
Waltham St By 1st m-tgea 1905 5 g J-D Co.,
100,000 19258100,000 (31,000) lInt. at American Trust Co., Boston, Trustee.
Newton & 13os St By 1st M1 1892 5 J-J 200,000 July 1 1912$500,000 not subj to call_ _lint. payable at Am. Tr. Co.. Trustee, Boston
Current liabilities Sept. 30 1909 (Incl. all consol. cos), 1,365,527
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14 ELECTRIC RAILWAYS {Vox.. Lxxxxi.
EARNINGS.-For year ending Sept. 30 1909 (including Newton &Boston, Westboro & Hopk. St. Ry., Natick & Coch. St. By. and NewtonSt. Ry.). gross, $646,843; net, $205,882; charges, $149,624; div. (6% on$1,262,000), $75,720; deficit, $19,462.ROAD.-Owns 94.471 miles of track and operates in cities of Newton
and Walthamand township of Watertown; runs from Hopkinton to SouthNatick and Westboro; also connects Needham, Wayland and Wellesley.Rails, 75-1b. T. V. 85, p. 221; V.87, P. 1420 V 88, p. 1197;V.89,p.778, 993*(a) Ne w ton ville & Watertown Street R y.-Trolley.ORGANIZATION.-Operates about 5 miles of track. Stock, $50,000;
outstanding, $50,000; par $100. Unfunded debt Sept. 30 1909, $59,650.No funded debt. Operated by Middlesex & Boston St. By. under lease of1897 at a rental of 7.2% per annum on the stock, payable Feb. 6: Aug.
Pr MASSACHUSETTS ELECTRIC COM PAN I ES.-Electric light and streetrailways. (See map on page 13.)*ORGANIZATION.-Formed in May 1899. Is not an incorporatedcompany, but a voluntary association managed by a board of fifteen trus-tees, who hold the title to its assets. Messrs. E. Rollins Morse & Bro. andTucker, Anthony & Co. of Boston, who promoted the combination, in June1899, in offering some of the stock for public subscription ($1,000 of pre-ferred and $500 common was offered for $1,050), stated that "the Declara-tion of Trust contains strict provisions against the creation of any indebted-ness whereby any shareholder or trustee can beheld to any personal lia-bility." Comprised originally between 30 and 40 separate properties, butthrough consolidation there are only two operating companies, namely theBoston & Northern St.Ry. and the Old Colony St. By., besides the HydePark Electric Light Co.The following is a list of the companies controlled,with their share capital. Aug. 1 1910.
COMPANIES CONTROLLED AUG. 11910.Shares. 1 Shares
Bost. & No. St. By., com_ _110,432 Old Colony St. By., pref __ 7,767Bost. ec No. St. Ry.. prof_ __ 13,119 Hyde Park Elec. Light Co__ 2,875Old Colony St. Ry., com___ 77,122
Total _ ---------------------------------------- 211,315Of the above 211,315 shares, the Massachusetts Elec. Companies owns
practically all except the pref.shares of the Boston ec No. (13,119) andof theOld Colony (7,767 shares). The system comprises electric street railwaylines in 22 cities and 70 towns in Eastern Massachusetts and New Hampshireand Rhode Island. The companies given cover the greater part of the streetrailway mileage north of Boston as far as Nashua, N. H., and Newburyportand Gloucester, Mass., and south as far as Fall River and New Bedford,Mass., and Newport, R. I.. connecting directly with the street railwaysystem of Boston. Various electric-lighting companies doing business in thesame section are also Included.STOCK AND BONDS.-The share capital is represented by certificates
of participation, which give the owners a proportionate interest in the sharesheld by the trustees. Both classes of shares are reported exempt from taxa-tion in Massachusetts. Listed on the Boston Stock Exchange in April 1901.For consolidated balance sheet of companies controlled, see V. 89, v.1540; this balance sheet shows $20,139,100 aggregate stock of the controlledcompanies Sept. 30 1909, of which $1,096,200 is pref. and $19,453,000unded debt Sept. 30 1909, and notes for amounts due Mass. Elec. Cos.of $2.575.000
Date. Rate. Outstanding Dividends.Common stock, par $100 $14,293,100
($14,293,100) Pref. stock, par $100 ($20,- ____ 4 J-J 20,557,400 July '10,2 %
557,400) 4% cum Coupon notes, $5,000,000,} 1910 43,6 g J-J 3,700,000 July 1 1913
red at 1033i any int date Interest at Old Colony Trust Co., Bos-($1,000) c• ton, Trustee.Of the coupon notes of 1910, $3,500,000 were Issued to retire prior notes.
They are secured by deposit of Bost. & Nor. and Old Colony St. By, stocksequal to 125% of par of notes, including a majority of shares of one of thetwo/subsidiaries. V. 89, p. 1597; V. 90, p. 167.REPORT.-Report for the year ending Sept. 30 1909 (see "Chronicle"
Dec. 111909, P. 1540), shows receipts from divs., $967,630; from interest onnotes, &c., $127,169; total. $1,094,709: expenses, $19,395; int., $157,500;divs., $513,935; sur., $403,969; profit on sale of stocks, $115,997; previoussurplus, $2,378,792; total surplus, $2,898,758.
CONSOLIDATED INCOME ACCOUNT OF CONTROLLED COS.Year end. Sept. 30- 1908-09. 1907-08. 1906-07. 1905-06.
Net earnings $2,903,959 $2,807,493 $2,757,859 $2,634,688Charges 1,778,129 1,784,438 1,702,623 1,594,503
Divisible income $1,125,830 $1,023,055 $1,055,236 $1,040,185Dividends 1,000,464 880,773 880,773 710,406
Balance $125,366 $142,282 $174,463 $329,779DIVIDENDS.-First div. on pref. stock, 2%, was paid Dec. 1 1899; also
2% June 1 1900. Div. period then changed to J&J and 2 1-3% paid Jan.1901; July 1901, 2%; in 1902, 4%; in 1903, 4%; in 1904, 4%. The Jan.1905 dividend was passed and none paid until Jan. 1909, when 1% paid;July, 1 Si %. See V. 79, p. 2642, 2456; V. 85, p. 1646; V. 87, p. 1420,and V.89, p.1597. In 1910, Jan., 13%; July, 2%.
PLANT.-Tke street railways controlled own 875.1 miles of track andown and lease 954.5 miles of track; operate 926.2 mlles; own and operate1.944 cars, of which 906 are closed and 1,038 open cars. Power capacity, 51engines, 40,875 h.p., and 63 generators, 28,210 k.w.; 8 turbines,17,250 h.p.and 11,500 k.w.OFFICERS.-Pres.. Gordon Abbott; V.-P., Charles E. Cotting; See.,
Everett W. Burdett; Treas., J. H. Goodspeed; Gen. Mgr., P. F. Sullivan;Gen. Auditor, D. Dana Bartlett. Executive Committee: Philip Dexter,Chairman; Gordon Abbott, Charles Francis Adams 2d, E. N. Foss, PercyParker, Philip L. Saltonstall and Charles E. Cotting. Office, 84 State St.,Boston. V. 88, p. 883, 1437, 1560; V. 89, p. 163, 348, 1411, 1483, 1540,1597; V. 90, p. 54, 167, 1425. 1491.
(1) Boston & Northern Street Ry.-An electric road.-(See Map on p.13.)ORGANIZATION.-This was the Lynn & Boston RR. (Incorp. In Mass.
April 6 1859), but on July 23 1901 name changed to present title. The fol-lowing companies have been absorbed from time to time:Beverly & Danvers. Middleton & Danvers.Georgetown Rowley & IpswIch. Mystic Valley.Gloucester & Rockport. North Woburn,Gloucester St. By. Reading & Lowell.Haverhill & Andover. Read. Wakef. & Lyntield.Lawrence & Reading. Rockport St. By.Lowell ec Boston. Salem & Wakefield.Lowell Lawrence& Haverhill. Wakefield & Stoneham.Lowell & Suburban. Woburn & Reading.On Mch. 17 1908 shareholders authorized an issue of 6% cumulative
pref. stock. V. 86, p. 720; V. 87. p. 1358; V. 89, p. 163, 348; V. 90. p.1425, 1491. In June 1909 Mass. RR. Comm. authorized $536,000 ($520,-000 outstanding) additional ref. bonds. V. 88, p. 748, 1437, 1560.
In 1907 obtained permission to do a freight business In a majority ofthe towns along Its line.STOCK AND BONDS- Date. Interest. Outstanding. Last dts.,,te
Stock common (par $100) $11,043,200 June '10, 2%_Stock, pref ($100) 81.311,9001 F-A 1,311,900 Aug.'10.3%6% cum I
Ref mtge, $15,000,000, gold) 1904 4 g 3,365,000 July 1 1954($1,000) ef Int. at American Trust Co.. Boston, Trustee.
Essex Electric 1st f 1891 6 J-J 100,000 Jan 1 1911LOW Colony Trust Co.. Boston, Trustee.
Lynn & Boston 1st mtge, g,1 1894 5 g J-D 3,723,000 Dec 1 1924$5,379,000 ($1,000) _ _ _ _c* Int. at Old Colony Tr. Co., Boston, Trustee.
0 & I 1st mtge ($1,000), 1900 5 g J-D 180,000 June 1 1920$180,000, gold fInterest at City Trust Co., Boston, Trustee.
35,000 Mch 1 1919G & D 1st mtge 1899 5Coupon notes, $405,000 1897 6 A-0 405,000 April 1 1917Plain bonds secured by Lynn& Boston mtge of 1894-Lynn & Boston. deb 1892 5 M-S 186,000 Mch 1 1912
Naumkeag debentures 1891 6 J-J 10,000 July 1 1911Gloucester Es'x & Bev 1st Ma 1896 5 g J-D 125,000 Dec 1 1916
$125,000 ($1,000), gold_ef Interest at Amer. Tr. Co., Boston, TrusteeWakefield & Stoneham let),1895 5 g M-S 150,000 Mch 1 1915mtge. $150,000, gold____cl
Needham & Boston. Whitman Street By.On July 1 1901 leased the Newport & Fall River Street By.Shareholders March 17 1908 authorized an Issue of 8% cumulative pref.
stock. V. 86, p. 721; V. 89, p. 163, 348; V. 90, p. 1425, 1491. In June 1909Mass, RR. Comm. granted permission to issue $275,000 ($250,000 out)additional refunding bonds. V. 88, p. 1373, 1437, 1560.
Lease.-In 1903 the Boston Elevated Ry. leased all this company's trackin the City of Boston for 99 years. The lease provides for the payment ofall taxes and also 65i % on replacement value (appraised at $353,979, lessthe rental of certain short pieces of track appraised at $13,866) of propertyeased as of date Feb. 16 1903 and 4% on all additions and betterments.
Freight rights.-In 1907 Mass. Commission granted authority to earryfreight and express.STOCK AND BONDS- Date. Interest. 03u7t.s7taun.d2ionog
M6$ 10,000,000, gold), 1904 4 g J-J 3.357,000 July 1 1954
o•Int. at Old Colony Tr. Co., Boston, Trustee.Beckt'n St Ry gold_ 1 All 1 1892 5 g J-J 15,000 Jan 1 1912Brockton (Consol) St equally 11894 5 g A-0 689 000 Oct 1 1924By 1st M $750,- se- } Subject to call at 105 and interest.
,
000, gold cured 11 Interest at State Street Trust Co.Boston Milton & Brockton) 1899 5 J-J 100,000 July 1 1919
let mtg bonds, $100,000_ _ Int. at Inter'l Tr. Co., Boston, Trustee.
IstM,g, $200,000(11,000)0* Int. at Am. Tr. Co., Boston Trustee.Feb 1 1918
Trustee.
iBeckt'n Bridgewater & Taun 1897 5 g F-A 200,000 Aug 1 1917
Brock & E Bridgewater 1st) 1898 5 g F-A 30,0M, g. 130.000 Int. at Am. Tr. Co., Boston, Trustee.
Taunton & Brockton 1st 1897 5 F-A 100,000 Aug 1 1917mortgage, $100,000 Int. at State St. Tr. Co., Boston. Trustee.
N Bedford Ni'dieboro&Brock 1900 5 g J-J 325,000 Jan 1 1920let M,$325,000($1,000), g_ Int. at Am. Tr. Co., Boston, Trustee.
Braintree mortgage 1894 6 J-J 35,000 July 25 1914State St. Trust Co.. Boston. Trustee.
The last issue is redeemable at 105. Int. at Am. Trust Co., Boston, Trus.The Mystic Valley St. By. has out $60,000 gold 55, due Jan. 1 1919.The Rockport St. By. has outstanding $12,500 6% coupon notes due Oct.
15 1916, interest payable April and October,The Gloucester & Rockport has outstanding $10,000 6% coupon notes
dated Feb. 1 1895 and due Feb. 1 1915.
LOWELL LAWRENCE & HAVERHILL.STOCK AND BONDS-. Date. Interest. Outstanding. Maturilii.
Stock ($100), common Was exchanged for Lynn & Boston.Merrimack Valley Street By), 1891 5 g A-0 $342,000 April 1 1911
1st mtge, gold f Interest at Inter. Tr. Co., Trustee, Boston.Lowell Lawrence & Haverhill} 1893 5 g J-D
let mtge, $1,900,000, gold, Subj. to call for the sink, fund at 105 & int.$1,000
858,000 June 1 1923
c. Int. at Amer. Trust Co., Trustee, Boston.People's St Ry, West New-} 1898 5 J-J 64,000 Jan 1 1928bury, Mass, 1st mortgage Interest at State Street Trust Co., Boston.bonds, assumed Low. Law. & Hay. Consols of 1893 are reserved for Merrimack Valley
bonds when due. $44,000 have been called.Lowell & Sub St By 1st mtge,), 1891 5 g J-D 1,000,000 Dec 1 19111891, gold Of Int. at the Amer. Tr. Co., Boston, Trustee.Stock and Bonds.-The pref. stock of the Bos. & Nor. is subject to call at
120. Of the $15,000,000 Bog. & Nor. bonds, $7,780,500 are reserved toretire prior liens. Remaining bonds can be issued only for 50% of cost ofadditions and improvements. These bonds have no sinking fund and arenot subject to call. Of the $5,379,000 first mortgage bonds of the Lynn &Boston RR., $525,000 have been canceled, and the unissued balance is to beused to take up other bonds. The Merrimack Valley St. Ry. 1st mtgebonds are redeemable at option at any time.DIVIDENDS.-On corn. from 1880 to Oct. 1899, incl.,8% yearly; in
1900, 7%; in 1901, 6%: in 1902, 6%; in 1903, 5%; in 1904, 23,6%; In 1905.2%; in 1906, 5%; In 1907, 5%; in 1908. 5%; in 1909, 5%; in 1910, June, 2%.ROAD.-ComprIses the lines of the Mass. Electric Companies north of
Boston, embracing 459.513 miles of main and 2d main line and 488.66miles of track-all owned.ANNUAL REPORT.-For fiscal year ending Sept. 30 1909 of all com-
panies Included in the Boston & Northern St. By.: Gross, $4,791,869; net,$1,686,791; other income, $6,426; charges, $1,093,669; dividends, $580,260;surplus, $19,288.OFFICERS.-Pres., Patrick F. Sullivan, Lowell; Treas., C. R. Rock-
well. V. 84, p. 995; V. 86, p. 720, 1223; V. 88, p. 748, 1436.(a) Boston & Chelsea Street Ry.-Owns 4.379 miles of track. Leased
to Lynn & Boston Street Ry. Co. at $7,260 per annum, equal to 6% on$121,000 stock, payable A&O.
(b) Boston & Revere Electric Street Ry.ORGANIZATION.-Incorporated June 24 1889. Leased from July 1
1895 for 99 years to Lynn ec I3oston (now Boston & Northern), which guar-antees Interest on the $50,000 mtge. of 1908 and dividends on $50,000 stockfrom July 1 1898 at 5% per annum.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock (par $100) 5 J-J $50,000 See text.Bost. & Revere Elec St By) 1908 5 g M-S 50,000 Sept 1 1928$50,000 gold ($1,000) ___c* f Int. at Amer. Trust Co., Boston, trustee.Bonds.-No sinking fund, but bonds may be called on any Interest date
on six weeks' notice.ROAD.-Total track, 3.808 miles.
(c) East Middlesex Street Ry.ORGANIZATION.-Owns 19.394 miles of track. Leased May 1 1893
to Lynn ec Boston (now Boston ec Northern) for 99 years at a rental tillMay 1 1896 of 818.000 yearly in addition to fixed charges; then till May 11901 $24,000 yearly; and for remainder of lease $30,000 yearly. Eightper cent dividends had been paid, but on May 1 1901 were increased to 10%.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Interest at State National Bank, Boston.The lessee in the lease agreed to stamp both Issues of the bonds with a
guaranty of the interest-principal is not guaranteed.-V.67, p. 482.
(d) Nashua Street Railway.-Trolley.ORGANIZATION.-Incorporated Aug. 14 1885. On July 1 1900 was
leased to the Lowell & Suburban for 99 years, and lease now runs to Boston& Northern through consolidation.Rental.-DIvIdends are payable Jan. and July at the rate of 4% in 1901
5% in 1902 and 6% for the remaining 98 years of lease.STOCK, BONDS, &c.- Date. Interest. Outst'd'g. Div.dematurity
Stock, $325,000 (par $100)_ $325,000 See text.First mortgage, $150,0001 1901 4 g A-0 150,000 Oct 1 1931($1,000), gold co j Int. at Old Colony Tr. Co.. Boston, Trustee.Bonds.-Entlre issue may be called at 105 and accrued Interest. Inter-
est guar. by the Boston & Northern St. fly.
ROAD.-Operates 15.52 miles of track.
(e) Winnisimmet (Street) RR.ORGANIZATION.-Owns 2.187 miles of track. Leased to the Lynn &
Boston for 999 years from 1880 at $3,000 per annum. Capital stock Is $50,-000 par $50. Dividends in 1894 to 1909 inclusive 6% per annum.
(2) Old Colony Street Ry.-(See Map page 13).-A trolley road.ORGANIZATION.-This was formerly known as the Brockton Street
Railway, but on Feb. 7 1901 name was changed as above. The followingcompanies have at various times been absorbed:Boston Milton & Brockton. New Iledf. Middleb. er Brockton.Braintree & Weymouth.Bridgew. Whitman & Rockland.lirockton Brldgew. & Taunton.Brockton & East Bridgewater.Dighton Somerset ec Swansea.East Side Brockton & Holbrook.Globe Street By.Hanover Street Ry.Hingham St. By.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT., PRO.] ELECTRIC RAILWAYS 15
Newport do Fall River 1stmortgage
Consol mortgage, $1,000,000,gold ($1,000) c*&r
Newport St Ry 1st Ad, $50,-000 ($500)
Newport Illuminating Co 2dj 63, 00 Oct 1 1925mortgage, gold 1Central Trust Co., New York, Trustee.
Bonds.-Of the new mortgage for $1,000.000, $354,000 are reserved toretire prior liens and $123,000 are reserved for future additions at 30%Of cost. Not redeemable. V.70. P. 213, 501, 1462.
EARNINGS of the Old Colony St. Ry. from operation of the Newpor& Fall River St. By. for year ending June 30 1909 were: Gross, $285,260net, $145,535; charges, $51,226; surplus, $94,309.-V. 86, p. 421.
BOSTON & WORCESTER ELECTRIC COMPANIES.ORGANIZATION.-This Is a voluntary association organized under •
trust agreement dated Dec. 29 1902. Its property consists of the capitalstock and $600,000 "notes payable" of the Boston & Worcester Street By.It has Is/wed 33,936 4 % cumulative preferred shares and 34,614 commonshares, no par value; but in ease of liquidation preferred shares receive $100each before the participation of common. In Jan. 1905 was listed on Bos-ton Stock Exchange. Stock was increased to present amount by the issueIn July 1906 of 6,000 shares common and 6,000 pref., which was offered toshareholders at $105 for a block of $100 pref. plus $100 corn. On July 151908 shareholders authorized a note issue (see below). V. 87. p. 96, 165.STOCKS AND BONDS- Date. Interest. Outstanding. Maturity.
Coupon notes $600,000 gold) 1908 6 J-J $300,000 July 1 1911($1,000) c51 City Trust Co., Boston, trustee.N otes . -Notes are secured by deposit with trustee of a majority (11,635
shares) of Boston & Worcester St. By. stock. Subject to call as a wholeon any Interest date at 102 and interest. V. 87, P. 183.REPORT.-For year to Sept. 30 1909 dividends received from B. & W.
St. By. stock. $60,749; miscellaneous income, $35,757; total income, $96,-506; expenses. $2,470; diva., $67,872; int. on 3-year notes, *17,621; surplus.$8,543.DIVIDENDS.-First div. on pref. stock. $2. paid July 1 1904; $2 Jan.
1905 and $2 July 1 1905. In 1906, $4. In 1907. Jan., $2; July. $2. In1008, $4. In 1909, $2. In 1910, Jan., $1; July dIv. deferred. V. 90, p.1674.OFFICERS.-Pres., William M. Butler; V.-P., A. E. Childs; Sec. and
Treas.. George A. Butman.-V. 83, p. 36, 154: V. 84. p. 101: V. 85, p.1458: V. 86, p. 601; V. 87, p. 96, 165, 1532, 1604, 1660; V. 89, p. 1662;V. 91, P. 1674.(1) Boston & Worcester Street Ry.-Trolley.ORGANIZATION.-Incorporated in Massachusetts on Nov. 16 1901.
Franchise perpetual. Owns a double-track line between Boston and Worces-ter and has purchased all franchises and property of the Framingham UnionSt. By., Framingham Southborough & Marlborough St. By. and the Marl-borough & Framingham St. Ry. In March 1907 Mass. RR. Commissiongranted right to do an express and freight business over entire line.In Mch. 1910 Mass. RR. Comm. sanctioned an issue of 3437,000 stock
($297,000 out) for extensions, Improvements, &c., and $350,000 bonds forImprovements and refunding. V. 89, p. 1346; V. 90, p. 625. 770.
Fares.-In 1909 single fare.unit raised from Sc. to 60.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock. ($100) $2.322,000Jan 1910,1Bost & Wor 1st mortgage,$2,-1 1903 4 g F-A 2,260,000 Aug 1 1923500.000. gold ($1,000)__c•JInterest at American Trust Co.. Boo., Trus-
Fram So & Marl 1st mtg 5 60.000 Jan 1 19191Interest at American Trust Co., Boa., True.
Notes payable Oct 1 1909. *867,482Includes $600,000 notes payable held by B. & W. Electric Cos. and
3267,482 notes held by banks.Dividends.-Paid 3% July 1904: also 3% semi-annually until Deo. 1908.
when 1% was paid. In 1909. June, 13.%, In 1910, Jan., U%; Julycilv. deferred.REPORT.-For year ending Sept. 30 1909; Gross, 3577,511; net, $256,-
418; charges. $178,954; dividends. $60,750; surplus, *16,714.ROAD.-Owns and operates 82 miles of track, a considerable portion
aver private right of way. between Boston and Worcester, including an ex-tension to Natick. Rails. 75-1b. Has 77 cars.OFFICERS.-Pres.. William M. Butler V.-P.. A. E. Childs: Sec. and
Treas., Geo. A. Butman.-V. 86, p. 601; V.'87, p, 1418, 1660; V. 89, p. 222.1348. 1882; V. 90. p. 625. 770.PUBLIC SERVICE INVESTMENT CO.ORGANIZATION, ETC.-Organized in Maine with $1,500,000 6% (1.)- F)
cum. pref. stock (par $100) all out, redeemable at option of company at115, and $2,000,000 common (par $100) all out (no bonds). to hold and todeal in stocks, bonds, notes and other securities.
Globe Street Railway Securities.Date. Interest. Outstanding. Maturity.
let M, $750,000, gold. 31,0001 1892 5 g A-0 $750,000 April 1 1912each, red at 105 and Int_c•J Interest at City Trust Co., Boston, Trustee.
Debentures, g ($1,000).c1 1892 5 g J-J 550,000 July 1 1912lint. at New York Trust Co., New York.
Dighton Somerset & Swanj 1806 5 g J-D 99,000 Dec 1191$beds, $125,000, g, s f, red Int. at International Trust Co., Boston, Tr.105 ($1.000) Sinking fund is $3,000 a year.
Taunton St By 1st 311 1894 5 J-J 350,000 Jan 1 1914Do Debentures i 1894 5 M-S 200,000 Mch 1 1914
I Int. on Taunton Street By. bonds payable atl Am. Trust Co., mortgage trustee, Boston.
Prov. & Taunton St By 1st gl 1898 5 g M-S 150,000 Sept 1 1918($1,000), author'd $200,00 j American Trust Co.. Boston. Trustee.
South Shore & Boston St. Railway Securities.Date. Interest. Outstanding. Maturity.
Bonds. 1st M ($1,000), gold, 1899 5 F-A $335,000 Aug 1 1919$1,000,000 Int. at American Trust Co., Boston, Trustee.
Braintree & Weymouth 1st 1897 5 g M-S 80,000 Mch 1 1917M, gold, $80,000 Int. at International Tr. Co., Boston, Trustee
Bridgewater Whit & Rock, 1897 5 g M-N 85,000 Nov 1 19171st mtg, gold, $1,000 ___e• Int. at American Trust Co., Boston.
Rockland & Abington, 1st 1895 6 g M-N 100,000 May 1 1915mtg, $100,000, gold__ __V" Int. at Old Colony Tr. Co.. Boston. Trustee.
West Roxbury & Roslindale St: Railway Bonds.Date. Interest. Oustanding. Maturity.
let M, $150,000, g, s 1 ($500),l 1896 5 g M-S $125,000 Sept 1 1916red at 103 afterSep 1 '01_01 Int. at Internat. Trust Co.. Boston, Trustee.
Norfolk Central 1st mtg,1 1898 5 g J-J 42,500 July 1 1918gold, $100,000 (Subject to call after July 1 1903.)
tint. at Internat. Trust Co., Boston, Trustee.Norfolk Suburban, let mort- 1894 5 J-J 55,000 July 1 1914gage Int. at Internat. Tr. Co., Boston. Trustee.Stock and Bonds.-The pref. stock is subject to call at 120. Of the new
$10,000,000 Old Colony Street By. mtge., 34,415,500 are reserved for priorliens. Remaining bonds can only be issued for 50% of cost of addi-tions and improvements. These bonds are not subject to call.
Dividends.-On corn.. 1892 to 1898 incl., 6%; in 1899. 8%; in 1900.8j%; in 1901, 6%; in 1902, 5%; in 1903, 5%; in 1904, 3%; in 1906. 2%;In 1906, 2%; in 1907, 4%; in 1908, 4%; in 1009, 5%; In 1910, June, 3%.
ROAD.-Consolidated system owns and leases 399.410 miles of track(including 20 miles leased from Newport & Fall River St. Ry. and 28 milesLeased to Boston "L") . comprising the lines of the Mass. Electric Companiessouth of Boston. Operates 373.154 miles.REPORT of consolidated companies (including Newport & Fall River)
for year ending Sept. 30 1009, gross, $2,934,281; net, 31,086,422; other in-come, $134,682; charges, $715,957; dividends, $400,079; surplus, $105,068.V. 81, P. 1846; V. 82, p. 870; V. 86, p. 721; V. 88, p. 1373.(a) Newport & Fall River Street Ry.ORGANIZATION.-OrganIzed Jan. 1898. July 1 1000 consolidated
with Newport Street By. Has also consolidated with Newport Illuminat-ing Co. Embraces 20.59 m, of track in and between Newport and Fall River;also electric lighting. Was leased on July 1 1901 for 99 years to the OldColony Street By. for a rental of 6% per annum and interest on bonds.The Mass, Elec. Companies disposed of its holdings in Feb. 1902.STOCK. BONDS. ETC.- Date. Interest Outstanding. Maturity.
Stock, par $100 J-J $900,000 See text.1898 5 F-A 240,000 Aug 1 1918American Trust Co., Boston, Trustee.1904 43-i J-J 523,000 July 1 1954
Int. at Am. Trust Co., Boston, Trustee.1890 5 J-D 50,000 Dec 1 1910
Interest at the Indust. Trust Co., Prov., R.I.
Entire auth. stock (except 5 shares necessary to qualify directors) wasissued to Stone & Webster, Boston, in payment for following securities:3350.000 Jacksonville Elect. corn.; $700,000 Pac. Coast Pow. stock; 00.-000 Columbus (Ga.) Elec. pref.; $75,000 Tampa Elec. stock; $350,000 MinnGen. Elec. corn, and $500,000 Houghton County Elec. Lt. corn. V. 88.p. 1002. Sec statement of first four companies on subsequent pages. Alsoowns 363,400 corn. Seattle Elec.; $34,000 corn. Galv.-Hous. Elec. Co.:$30,000 Northern Texas Elec. Co.Stone 4c Webster offered the stock in March 1909 in blocks of 10 shares
of preferred and 4 shares of common for $950. V. 89, p. 163.
Dividends.-On pref. 155% quar. since Aug. 1909 to and including Aug. 11910. On corn., 1st div.-1U%----Feb. 1 1910; Aug., 134%.-V. 89,p. 183; V. 90, p. 628.
BOWLING GREEN, OHIO.LAKE ERIE BOWLING GREEN & NAPOLEON RY.-A trolley road.ORGANIZATION.-Incorporated in Ohio in 1902.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Common, $750,000, ($100)Pref, $250,000, (3100) 6 % n-c_ 250,000 1st M, 31,000,000. gold ($5001 1903 5 g M-N
$380,400
231,000 Nov 1, 1933and $1,000) c•jInt. at Union Tr. Co., Detroit, Trustee.Bonds.-$756,509 bonds are reserved for extensions at $17,000 per mile
and 312,500 in company's treasury. No sinking fund and bonds are notsubject to call.EARNINGS.-For year ending Dec. 31 1908, 355,366; net. $35,498;
fixed charges, $22,346; surplus, $13,152.ROAD.-Operates 20 miles of track between Bowling Green. 0., and
Woodville; 40 miles additional projected, of which 4-5 mile completed andright of way secured for about 12 miles. Standard gauge, 60-1b. T rail.Connects at Bowling Green with the Toledo Bowling Green & SouthernTraction Co., at Pemberville with the Toledo Fostoria & Findlay By. andat Woodville with the Lake Shore Elec. Ry. Furnishes electric light andpower at Bowling Green, as well as hot water heating.OFFICERS.-Pres., John R. Jones; V.-P. and Gen. Mgr., E. H. Mc-
Knight; Sec. .Chas. H. Draper; Treas.. B C. Harding.-V. 78. p• 769.
BRATTLEBORO, VT.TWIN STATE GAS & ELECTRIC CO.ORGANIZATION.-Incorporated in Connecticut on Aug. 2Q 1906 and
acquired the Brattleboro Street By., the Brattleboro Gas Light Co., theDover Gas Light Co. (V. 83, p. 562). the Bennington Electric Co. and theHoosick Falls Illuminating Co. Control is held by the National Light.Heat & Power Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $1,500,000, ($100) $1,250,000 Preferred, $250,000 ($100) _ 250,000 1st and ref M, $1,500,000, g 1906 43-i g A-0 876,000 Oct 1 1926($500 and $1,000) V' Int. at Knickerbocker Tr. Co., N.Y.. Trustee
Dover Gas Light con mort- 1905 5 155,000 Sept 1 1925gage, $500,000 Union Safe Dep. & Trust Co., Trustee
Union Gas & Elec. mortgage,) 1897 250,000 Sept. 1 017$250,000 JUnion Safe Dep. do Trust Co.. Trustee.
Brattleboro Gas L Co mtg . 1903 5 73,000 Feb 2 1923Hoosick Falls Illuminating Co ___ _$150,000 Knickerbocker Trust Co., N. Y., Trustee.
Hoosick Falls Electric Co 65,000 1930$75,000 Old Colony Trust Co.. Boston, Trustee,
Bennington Water Power & 64,000 1924& Light Co 3100,000 American Loan do Trust Co., Trustee.
Bennington Water Power do 12.500 1929Light Co $30,000 Old Colony Trust Co., Boston, Trustee.
Bennington Electric Co $175.-1 ---- ----. - --- 98,500 1935000 jKnickerbocker Trust Co., N. Y., Trustee.
Bonds.-01 the $1,500,000 new bonds. $462,000 are reserved for priorliens and $162,000 for acquisitions, extensions and improvements. Nosinking fund and bonds are not subject to call.EARNINGS.-For cal. year 1909, gross, $302,732; net, after taxes. $137.-
626; in 1908, gross, $234,801; net, after taxes, $95,349.ROAD.-Operates 5 miles of track in Brattleboro. in addition to gas and
electric-light plants in Brattleboro and Bennington, Vt., Hoosick Falls,N. Y., and Dover, N. H.OFFICERS.-Pres., I. L. Meloon; Vice-Pres., Wm. C. Pratt; Sec. and
Treas., John F. Reilly.-V. 83, p. 499.
BRISTOL, CONN.BRISTOL & PLAINVILLE TRAMWAY CO.-A trolley road. Also
furnishes electric light and gas.ORGANIZATION.-Organized Sept. 21 1893. A gas plant was com-
pleted in 1906. Franchises perpetual. In August 1906 a majority of thestock was pooled for 5 years.In August 1908 a stock dividend of 50% was declared, increasing out-
standing amount to $375,000. V. 87. p. 96, 414.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock, $1,000,000 ($100) $375,000 1908-09.6%1st mortgage $600,000, gold( 1905 43-s g M-N 400,000 Nov 1 1945($500 and $1,000) i Interest at Brietol National Bank. Bristol.
(Treasurer of State of Connecticut, Trustee.Bonds.-Are subject to call after 5 years at 102; after 10 years at par.EARNINGS.-For years ending June 30.
Railway Railway Gas de Elec. InterestYear- Gross. Net. Lig., Net. ec. Taxes. Dividends. Balance.1909 $85,000 $31,204 332,157 325,628 $22,500 $15,2331908 87,570 30,660 27,044 23,589 15,000 19,1151907 84,860 35,043 25,761 22,934 15,000 22,890ROAD.-Operates about 133i miles of track laid with 56 and 60-lb. T rail.
from Bristol to Plainville, with branches to Lake Compounee and toTerryville. Standard gauge, 29 cars, 3 snow plows and 1 work car.OFFICERS.-Pres. Miles L. Peek; V.-P. N. E. Pierce* Sec. and Treas..
U. L. Tiffany; Gen. Mgr., G. E. Cockings.-V. 81. p. 776; V.87. p. 98.414.
BRISTOL, TENN.BRISTOL GAS & ELECTRIC CO.-Trolley, gas and electric light.In May 1910 H. L. Doherty & Co. of New York secured control of prop-
erty.-V. 90, p. 1295.
ORGANIZATION.-Incorp. In N. Y. Has acquired the Bristol Gas &Electric Co. (Va.) and Bristol Belt Line Ry. Co.. all the stock and bonds ofwhich company it owns. Franchises are perpetual.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock. $350,000 ($100) ______ 000,000 1st mortgage $550.000 gold( 1909 5 J-J 425.000 July 1 1939($500) and $1,000) Int. at U.S. Trust Co.. Washington, D. C..
'trustee, and Nat. City Bank, New York.Bonds subject to call on any int. date at 105 and int. $125,000 reserved
for additions. betterments, &c.-V. 90. D. 976.EARNINGS.-For year ending Dec. 31 1909, for both companies (Dec.
ROAD.-Bristol Belt Line Ry. (operated separately) operates about5 miles of track.-V. 89. p. 1599; V. 90, p. 976,1295.
BROOKLYN, N. Y.BROOKLYN RAPID TRANSIT-Wee Map, pave 16).ORGANIZATION.-Organized Jan. 18 1896, per plan in "Chronicle,"
V. 00, p. 1145, to succeed to the property of the old Long Island TractionCompany foreclosed, syndicate headed by the late ex-Governor Flowerhaving then bought control. Is not a railroad corporation, but was or-ganized under the Business Corporation law of New York to hold the stocksand bonds of railroad companies and to aid in the construction and equip-ment of railroads. Franchises are perpetual.ASSETS.-The following is a statement of the stocks and bonds owned
by the Brooklyn Rapid Transit system July 31 1910.
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OCT., 1910.] ELECTRIC RAILWAYS 17
StocksEntire capital stock Brooklyn Heights RR. Co. (par) $200,000Entire capital stock Bkin. Q'ns Co. do Suburban RR. Co. (par). 2,000.000Entire stock Sea Beach Ry. Co., par value • 650,00084,997 shares out of 85,000 shares of the corn, stock of the Nassau
Electric RR. Co., par 8,499,70063.670.75 shares out of 65,000 shares of the 4% cumulative pref.
stock of Nassau Elec. RR. Co., par 6,367,07547,854.85 shares out of 50,000 shares of the 5% non-cumulative
pref. stock of the Brooklyn Union Elev. RR. Co., par 4,785,185125,300.31 shares out of 130,000 shares of the common stock
12,530 .031350.000146,2285do,c0
of the Brooklyn Union Elevated RR. Co.. parEntire stock of Coney Island & Gravesend By. Co.. par 1,462.28 shares Brooklyn Rapid Transit Co.. par hatire capital stock ol South Brooklyn Hy. (par) 9,800 shares out of 10,000 of the American Railway Traffic Co.(owned by Transit Development Co.), par
Entire capital stock of the Transit Development Co., par Entire stock of the Canarsie RR. Co. (owned by the TransitDevelopment Co.), par
500 shares of the Bridge Operating Co., par
980,00k)500,000
250,00050,000
$37.808,519Bonds
*1st M. 5% bonds Bklyn. Queens Co. & Sub. RR. (par) $2,000,0001st con. M Bklyn. Q'ns Co.& Sub. (owned by Bkiyn. H'ts Co.).- 50,000*is'. mortgage 5% bonds Brooklyn City RR. (par) 1,627,000*Refunding gold mtge., 4%, Brooklyn City RR 725,000*Gold 5% bonds Brooklyn Rapid Transit 30,000Ref mtg 4% bonds Brooklyn Rapid Transit Co 13,509,000
Ref mtg 4% bonds B. R. T. (owned by Nassau El. RR.)...,
1,709,000Zu mtg. 5% bonus tiklyn. Bath dc West End Ry. (owned by
Transit Development Co.) 1,000
Consol mtg 4% bonds Nassau Elec RR 1,109,000Consol mtg. 4% bonds Jea Beach Ry. (ownett by Nassau Elec.RR. Co.) 22,50o
* The entire amount of B. Q. C. dc Sub. RR. 1st 5s and Bklyn$2. 0617t8y2R.5R00.
1st 5s: also $125,000 out of the $725,000 B. C. RR. ref. 9s held, and $25,000out of the $30,000 B. R. T. gold 5s held, compose guaranty fund for per-formance of Brooklyn City RR. Company's lease.
The Brooklyn City RR. Co. Is held under a 999-year lease dated Feb. 141893. guaranteeing all fixed charges, organization expenses, taxes and 10%dividend on $12 000,000 of stock. The lease is nominally to the BrooklynHeights RR. Co.. but the Brooklyn Rapid Transit Co. owns the entire cap-ital stock of the Brooklyn Heights Co In 1898 the Heights Companyleased the Brooklyn Queens County do Suburban RR. The lease WAS re-newed year by year, rental being fixed charges, taxes and organization ex-penses. On July 1 1901 the B. Q. C. & S. began operating separately again.On April 1 1899 the Heights Company temporarily leased the Nassau Elec-tric RR. Later permanent leases were made, but on June 30 1904 presuma-bly in consequence of a deciFion (V. 79, p. 1(12) compelling the issuance oftransfers, the lease of the Nassau Electric RR. was canceled.The Brooklyn Heights RR. in April 1899 leased for the period of 999 years
the Prospect Park dc Coney Island RR. (see terms under the latter), theNew York & Coney Island RR. and the Prospect Park & South BrooklynRR., but the leases of these companies were assigned in March 1907 toSouth Brooklyn Rwy., which had been acquired by purchase In Feb. 1902.V. 74. p. 479. The South Brooklyn Rwy. owns the double-track road(134 miles) extending from New York Bay. near 38th St.. Brooklyn, to 38thSt. near 9th Ave. Bklyn, and in June 1907 increased its stock from$150.000 to $500,000.
In Nov. 1905 purchased at foreclosure for $262,000 the road of the Brook-lyn dc Rockaway Beach RR., 334 miles, from East New York to Canarsie,and later organized the Canarsie RR. Co., with $250,000 capital, to operatethe road. V. 82, p. 1155. The entire stock of this company is owned bythe Transit Development Co. Through elevated train service from theBroadway Ferry, adjoining toe Williainsburgh Bridge, to Canarsie was in-stituted July 30 1906. V. 83, p. 271: through service over the bridge toDelancey St.. New York. was put in operation on Sept. 16 1908, the con-nection from Broadway Elev. to Bridge structure having been completed.On May 21 1904 the Brooklyn Heights Railroad Co. bigned an agree-
ment with the city for operation of trolley cars over the new Wil-liamsburg Bridge. See V. 78. p. 2013, 2:186. Later the Bridge Operat-ing Co was formed, with $100,000 capital, to operate local service on thebridge. See V. 79, p. 626. Through surface cars are operated over bridgeby isnioklyn Heights RR., Nassau Elec. RR. and B'klyn Queens Co. & Sub.'49rface cars began to cross this bridge in Nov. 1904. V.79, p. 2084.
In Sept. 1909 cable line on Montague St. between Court St. and Wall St.Ferry was replaced by trolley.
Decision in Suit Against Brooklyn City RR.-On Feb. 25 1910 Referee DCady Herrick insult of Brooklyn Heights RR. Co. against the Brooklyn CityRR., begun in April 1900, awarded judgment for $1,740,258 principal, with$1,616,680 interest from April 11894. See V. 70, p. 841: V.80, p.1174; V. 90. ,p. 558. Brooklyn City RR. has taken an appeal. V. 90,p. 625; V. 90,p.770.Pending the appeal Brooklyn City RR. div. was reduced July 1910 to 2%quar., 34 of 1% being retained quer. and set aside In a special fund to bereturned to stockholders if not used In settlement of Brooklyn Heights Co.claim. V. 91, p. 93.
Extensions.-On April 6 1910 applied to Pub. Ser. Comm. and the Boardof Estimate for permission to use the joroposed Canal St. Subway in Man-hattan, offering to run cars over the Manhattan Bridge through the pro-posed subway to West St., Manhattan, for a 5-cent fare. Application wasalso made to build to the Brooklyn end of the Manhattan Bridge and op-erate a 3-cent service over the bridge similar to arrangements now In effecton the Brooklyn and Williamsburg bridges. V. 90, p. 976. On April 121910 the Brooklyn Union Elev. applied to the Pub. Ser. Comm. to operateits cars over the Manhattan part of the bridge loop subway from the Man-hattan terminus of the Williamsburg Bridge to the Brooklyn Bridge.V. 90, p. 1044. In June 1910 the Commission rejected the terms of thecompany's offer and held that the yearly rental should be based on thebasis of an estimated cost (for the portion to be used) of $7,500,000 insteadof an assumed cost of *4,000,000.
Valuation of Property.-In Dec. 1909 Bion J. Arnold, Consulting Engineerof the Public Service Corn., in hearings on the application pending beforethe Commission to reduce fare to Coney Island from 10 to 5 cents, estimatedthe valuation of the physical property of the company, including per-centages for contractors' profits, incidentals, &c., as $100,705,689: value ofnon-operative property, $2,511,099; total cost of reproduction alone, $103,-216,789. (V. 89, p. 1595.) In this real estate has been taken at its as-sessed value, and Mr. Arnold thought that, allowing for this and other items,the total might be brought up to approximate the capitalization of the co.Express Matter.-On Jan. 1 1909 the contract with the American Express
Co., under which the latter company had been using the Brooklyn RapidTransit system for distribution of express matter, expired, and was notrenewed. V. 88. p. 157.Damage Suits Against Line in Union Street.-On May 2 1910 the Court
of Appeals at Albany affirmed judgments in favor of property owners claim-ing Injury from the construction of the trolley line in Union Street. V. 90,p. 1238.The Transit Development Co. was organized in April 1903 under the
Business Corporation law, with $25,000 capital, and Is owned exclusivelyIn the interest of the Brooklyn Rapid Transit Co. It is authorized tomanufacture and sell power and to do general contracting work. OnMarch 1 1907 special arrangement was made by which the concern furnishespower and takes charge of the maintenance and repair of all the railwayproperties in the Brooklyn Rapid Transit system, Including their equip-ment. V. 84, p.569. In June 1907 capital stock was increased to $500,000.The American Railway Traffic Co. was Incorporated In Jan. 1904 with a
capital of $1,000,000 (of which $980.000 is owned by tile Transit Develop-ment Co.) for the purpose of hanlinn• and disposing of city's ashes and refuse.Contract with city expiring Dec. 27 1908 was not renewed and companywill be dissolved. Up to Sept. 1910 dissolution had not taken place.• Division of Territory with Long Island R16.-At an investigation by thePublic Service Commission in Nov. 1907 It developed that on April 1 1899an "agreement of alliance" had been entered into with the Long IslandRR. for division of territory. "Long Island territory" is described aspart of Queens County and the counties of Nassau and Suffolk, while"Transit territory" Includes all of Kings County and part of Queens.Besides this, there is neutral territory consisting of College Point, Flushing,Jamaica and the islands In Jamaica Bay, Into whieh neither may enterwithout the consent of the other.Re-Classification of System Lines.-Owing to the opinion of the Court of
Appeals In Its decision upholding the right of the Brooklyn Heights RR. tocharge 10 cents fare to Coney Island, to the effect that Article IV of the
Railroad Law relates only .to street surface railroads and that differentprovisions govern elevated and steam surface railroads, a re-classificationof the roads of the system was made in March 1907 so as to limit the func-tions of each railroad to the operation of its own character of railroad.Accordingly the Brooklyn Union Elevated now operates only the elevatedroads and the street surface railroad corporations operate street surfaceroads only. As part of this arrangement the leases of the Brooklyn UnionElevated RR., the Sea Beach By. and the South Brooklyn Ry. to theBrooklyn Heights RR, were terminated. The leases of the Prospect Park& Coney Island By., the New York & Coney Island Ry.. the Pm nect .Park do So. B'klyn By. were assigned to the So. B'klyn By. V. 84. p. ,19.
Transfers and Fares.-For decisions as to transfers, see V. 79, p. 22‘'.2587. Also see V. 82, p. 1323. In Aug. 1907 the Appellate Division of thcSupreme Court in Brooklyn held that cumulative penalties could not becollected for refusal to issue transfers-see V. 85, p. 404. In June 1906transfer system was greatly extended. For decision as to expired franchises,see V. 82, p. 1101. In Dec. 1908 Public Service Commission dismisseda complaint to reduce the fare to Flushing from 10 to 5 cents. V. 87. p. 1604.In Aug. 1906 the company's right to charge a 10-cent fare to Coney Island
was disputed and riotous proceedings resulted. See V. 82, p. 379, 435, 686In Jan. 1907 Court of Appeals sustained the company's contention as to thelegality of the 10-cent fare. See V. 84, p. 101. On May 23 1908 Gov.Hughes vetoed a bill which, though general in form, was intended to providea 5-cent fare from Manhattan to Coney Island. V. 86, p. 1342. OnMch. 8 1910 Pub. Ser. Comm. also upheld the 10-cent fare to Coney Island.V. 90, p. 696.
Mortgages of Constituent Companies to Secure Advances by Brooklyn RapidTransit.-In May 1907 the New York State RR. Comm. consented to theSea Beach By.. the Canarsie RR. and the South Brooklyn By, makingmortgages of $2,000,000. $2,000,000 and $4,000,000 respectively to securecertificates of indebtedness Issued by those companies to the BrooklynRapid Transit for moneys advanced for additions, betterments, &c. InJune 1907 Brooklyn Union Elevated authorized a mtge for $20,000,000and the Nassau Electric for $5.000.000 for same purpose: but in July 1908Public Service Commission denied application for the approval of these lat-ter two mortgages. See particulars V.87. p. 224. No bonds will be issuedunder any of these mtges., which are created simply to secure the certificatesof indebtedness as Issued from time to time. The certificates cannot beIssued at less than par and are deposited under the Brooklyn Rapid Transitfirst refunding mtge. V. 84, p. 1181, 1246, 1550.
SECURITIES OUTSTANDING JUNE 30 1910.STOCK AND BONDS. Outstand'g. Interest. Maturity. Ann. chges.
Stock $45,000,000 ($100).345,000,000 Q-J Oct '10.13i%Brook Rap Tr first reflz33,078.000 4 g J-J July 1 2002 $1,323,120mtge(1902) $150,000,- } Central Trust Co., New York, Trustee.000 gold co &r1Coupon bonds, $1,000: registered. 11,000, 5.000.
Brook Rap Tr gold MI 7,000,000 5 g A-0 Oct 1 1945 350.0001895 $7,000,000_ _ _co I d Interest at Trust Co. of Amer., N. Y., Trustee.
Brooklyn City RR-Refund mtge 1906 36.-1 x725,000 4 g F-A Aug 1 1956 x29,000925,000 ($1,000) 5Long Island Loan & Trust Co., Bklyn., Trustee.First consol M 1891___ y4.373,000 5 J-J aJuly 1 1941 218,650New W dc Flat 1st M__ 200,000 434 F-A July 1 1941 9,000
Brook Queens Co & Sub e3,500,000 5 g J-J *July 1 1941 175,000first mortgage 1894 Guaranty Trust Co., New York, Trustee.
First cons M guar p& I 2,884,000 5 g M-N 'July 1 1941 144,200(end.)$4,500,000'94 Central Trust Co., New York, Trustee.
Jam 6: B RR first 240,000 5 g J-J Jan 1 1930 12,000mortgage 1889_ _ _ _ Central Trust Co., New York, Trustee.
Sea Beach By first mort 650,000 4 g M-S Sept 1 1916 26,000guaranteed 1896 W. M. Grinnell, W. 0. Platt & Wm. Man, Trust.
Brooklyn Union Elev 1st 16.000,000 5 g F-A Feb 1 1950 800,000mortgage 1899, guar_ Interest at Central Trust Co.. N. Y., Trustee.
Kings Co Elev first mort 7,000,000 4 g F-A Aug 1 1949 280,000$7,000,000 gold ($1,- Interest at Central Trust Co., N. Y., Trustee.000) guar 1899 c)
Nassau El RR Co cons MI 11,456,000 4 g J-J Jan 1 1951 458,240bonds ($1,000) c' &r Guaranty Trust Co., New York, Trustee.$15,000,000 1898) Bonds guar by end by Brooklyn Heights RR.
First mortgage bondal 660.000 5 A-0 April 1 1944 33 .0001894 J Trust Co. of America, New York, Trustee.
Atlantic Ave general c2,241,000 5 g A-0 April 1 1931 112,050mortgage gold 1891 Brooklyn Trust Co., Trustee.
Atlantic Ave Improv 220,000 5 g J-J Jan 1 1934 11,000$220,000 gold 1894.. Central Trust Co., New York, Trustee.
DB B dc WE first mort 250,000 5 A-0 Jan 1 1917 12.500Ser B Title Guarantee & Trust Co., Trustee.
IBB&W E 2d mort 52,000 5 J-D June 1 1911 2,600gage Title Guarantee F6 Trust Co., Trustee.BB &WE general) 121,000 5 g A-0 Oct 1 1933 6,050gold, 1893 ---5 Trust Co. of America, New York, Trustee.
Rental payments in addition to payment of fixed charges-Brooklyn City RR stock $12,000,000 10% Q-J 15, 999 years__ $1,200,000Prospect Park & Coney Island RR., yearly rental 45,000
* Subject to call July 1 1916.a Subject to call in 1916. b Subject to call at any time.c Atlantic Avenue general mortgage 5s of 1931 were subject to call in
1909, but many of them (how many is not known) have been stampedreleasing them from the liability to call.d The Central Trust Co. of New York was trustee of this mortgage until
Oct. 1903, when the Colonial Trust Co. (since consolidated with the TrustCo. of America) was substituted.e Includes $2,000,000 held by Brooklyn Rapid Transit Co.x Entire amount owned by Brooklyn Rapid Transit Co.Not including $1,627,000 owned by B. R. T. system.
s Not including $15,218,000 owned by B. R. T. system.
stock.-In the reorganization of L. Isl Trac the old $30,000,000 stockpaid an assessment of $10 per $100 share, the old stock being reduced to$20,000,000, and $7,000,000 of 5% bonds being authorized, against$3,000,000 of Long Island Traction.
Dividends.-First div., 1%, paid April 11909; July, 1%; Oct., 1%. In1910, Jan., 1%; April, 1%; July, 13j%; Oct., 13.%,
Interest on Bonds, Where Payable.-Interest on the Brooklyn RapidTransit mortgage of 1902 for 3150,000,000 and the two Elevated issues Ispayable at the Central Trust Co.: on the B. R. T. issue of 1895 at theTrust Co. of America; on the Brooklyn City RR. refunding bonds at com-pany's office: on the Nassau Electric bonds, including Atlantic Avenue and'West End issues, at the Trust Co. of America: on the Brooklyn Heights firstin ortgage at the People's Trust Co., Brooklyn; on the Brooklyn QueensCounty & Suburban mortgages and the Jamaica & Brooklyn first mortgageat the Long Island Loan dc Trust Co., B'klyn; and on the Sea Beach 1st mtg.at the Sea Beach Ry. office. 85 Clinton St., B'klyn.
Mortgage for $150.000,000.-Stockholders authorized March 20 1902first refunding 4% gold convertible bonds for $150,000,000. $59,-355,000 is intended to retire all the existing bonds of the system (Includingthe $7,000,000 Brooklyn Transit 5s), and the rest for improvements,additions and new acquisitions, as needed from time to time. The mortgageprovides that a fund of $5,000,000 in bonds or their proceeds be at all timesat the disposal of the company for the purposes mentioned. See V. 74p. 377. As this fund is reduced for any of the purposes authorized. morebonds may be authenticated by trustee and delivered to the company onIts order. These bonds can be converted into stock, par for par, beforeJuly 1 1914, and are subject to call on any interest day until year 2000 at110 and interest: after that at par and Interest. See listing applications inV. 81, p. 1856, 1857, for list of securities pledged for the bonds; also listingapplications in V. 82, p. 517; V. 83. p. 1122; V. 85, p. 1523; V. 86, p. 923.add V. 90. P. 788.Bonds.-Of the 37,000.000 50-year gold 5s of the Brooklyn Rapid
Transit, $3,000,000 went to stockholders for the assessment. For descrip-tion of property covered by the mortgage, see V. 62, p. 1138. See alsoapplication in V. 67. p. 904.
Brooklyn City RR. mortgage of 1891 is for $6,000,000 and is a first lienon the old Brooklyn City road and a consolidated lien on the lines acquiredby consolidation in 1890. Of the $6,000,000 issued, $4,373,000 are in thehands of the public and the balance is held In the guaranty fund.
Stockholders of Brooklyn City RR. July 10 1906 authorized a new mort-gage for $6,925,000 to provide for refunding. V. 82. p. 1437. Thesebonds are subject to call after July 1 1915 at 110 and Interest.
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The total authorized issue of first consolldated mortgage gold 5s of theBrooklyn Queens County & Suburban RR. is 14,500,000, of which $1,616.-000 are reserved for extensions, on which they will be a first lien. Of the$2,884,000 outstanding, $2,255,000 in 1898 were endorsed with the guarantyof the Brooklyn Heights RR. Co. as to principal and interest, and in Jan.1899 provision was made for guaranteeing the remainder of the payment of$10 per bond. Both B. Q. C. & S. loans are subject to call in 1916.The Sea Beach Ry. 1st 4s also are guaranteed as to principal and interest
by the Brooklyn Rapid Transit Co. V. 85, p. 1219.The Nassau Electric bonds are guaranteed (by endorsement on each bond)
by the Brooklyn Heights RR. Besides covering the mileage directly ownedthey are a lien by a supplemental agreement upon the stock of the ConeyIsland & Gravesend Ry. and the Sea Beach Ry. and will become a directlien on these lines should the latter become merged in the Nassau Electric.Of the total of $15000,000 bonds authorized, the unissued remainder($3,544,000) is for prior liens. See listing application in V. 72, p. 342.MILEAGE.—The system includes:
1stName— Track.
Brooklyn Heights RR 2.134Brooklyn City RR 104.503Brooklyn Queens Co. & Suburban RR. 29.617Nassau Electric RR 65.496Sea Beach Railway 7.020Coney Island & Gravesend Ry 3.250South Brooklyn Railway 1.184Prospect Park & Coney Island RR 9.401Brooklyn Union Elevated RR.—
Total miles operated 271.018 259.590 75.984 606.592EQUIPMENT, June 30 1910.—Closed cars, 1,112; open cars, 919; con-
vertible, 671; semi-convertible, 757; miscellaneous, 460. Total, 3,919.REPORT.—The annual report for 1909-10 will be found in V. 91, p. 516.
Passengers carried during year ended June 30 1910 amounted to 589,438.773, an increase of 39,289,176 over previous year. Company also redeemed151,279,806 transfers, against 141,326,128 the previous yearINCOME ACCOUNT BROOKLYN RAPID TRANSIT AND CON-
STITUENT COMPANIES—YEAR ENDING JUNE 30Receipts— 1909-10. 1908-09. 1907-08.
Passengers $20,477,145 $19,058,693 $18,930,164Freight, mall and express 272,140 254,643 315,719Advertising 157,645 155,860 155,204American Railway Traffic Co 225,266 469,479Rents 172,457 179,946 185,256Other miscellaneous Income 366,970 425,871 512,568
Total $21,446,357 $20,300,279 *20,548,390Expenses—
Maintenance of way $1,309,719 $1,194,014 $1,020,104Maintenance of equipment 2,068,271 1,690,916 1,837,550Operation of power plant 1,498,712 1,598,759 1,853,728Operation of cars 5,061,150 4,812,556 4,979,757General expenses 689,522 678,886 651,669Damages and legal expenses 921,538 1.129,396 1,242,361Freight, mall and express expenses.... 174,289 138,645 190,885American By. Traffic Co. expenses 3,192 155,703 363,525Taxes 1,454,213 1,337,620 930,007
Total $13,180,606 $12,732,275 $12,869,586
Net earnings $8,265,751 $7,588,004 $7,678,804Fixed charges (net) 5,654,158 5,631,395 5,604,931
Balance $596,749 $974,103 $1,844,092OFFICERS.—Pres., Edwin W. Winter; Chairman of Board, A. N.
Brady; V.-P., T. S. Williams; Sec. and Treas., C. D. Meneely; V.-P. andGen. Mgr., J. F. Calderwood; Comp., Howard Abel. Offices, 85 ClintonSt.. Brooklyn.INDEX.—V. 87, p. 224, 612, 621. 1604; V. 88, p. 157, 293, 374; V. 89,
p. 526. 777, 1481. 1595; V. 90, p. 166. 302, 502, 558. 625. 898. 770, 786,976, 1044, 1238, 1295; V. 91, P. 516, 529.COMPANIES CONTROLLED BY BROOKLYN RAPID TRANSIT CO(1) Brooklyn Union Elevated RR.—Formerly a steam road, now electric.ORGANIZATION.—Organized on Jan. 30 1899 as successor of the
Brooklyn Elevated RR. and its allied lines per plan in V. 64, p. 609. Em•braces the Kings County Elevated RR., reorganized according to plan inV. 68, p. 724, the Sea View RR. and the Brooklyn & Brighton Beach RR.In July 1910 the Brooklyn Rapid Transit owned $12,530,031 common
and 14.785,485 preferred stock of the Brooklyn Union ElevatedLease.—Leased to Brooklyn Heights RR. for 999 years from July 1 1901;
the lessee agreed to pay organization expenses, taxes and fixed charges, andas rental all net earnings, such net earnings not to be less than 1150.000 perannum the first three years, $200,000 the next two years and $250,000 perannum thereafter. Lessee also agreed to guarantee, principal and interest,all bonds of the Brooklyn Union and Kings County Elevated RR. com-panies, the guaranty to be stamped upon the bonds upon presentation. InFeb. 1902 began stamping bonds with guaranty. Certain days each monthare designated for stamping. See V. 90, p. 108. In March 1907 lease wasgerminated, but the lease guaranty remains unimpaired. See V. 84, p. 589.In June 1907 a 10-year mtge. for $20,000,000 was authorizea. but in July
1908 Public Service Commission refused to approve mtge. See V. 87, p.224.The mtge. was simply to secure certificates of indebtedness given to theB. R. T. for moneys advanced from time to time. V. 84, p. 1181, 1246, 1550.STOCK AND BONDS— Date, Interest. Outstanding. Maturity ,&e.
($100) 1st M, $16,000,000, g, 4 %'L 1899 5 g F-A 16,000,000 Feb 1 1950
till '05. then 5 % ($1,000)...Interest at Central Trust Co., N. Y., Trustee.Kings County Elevated 1st M 1899 4 g F-A 7,000,000 Aug 1 1949
gold $7,000,000 ($1,000)c•l Interest at Central Trust Co., N. Y., Trustee.Both issues of bonds are listed on N. Y. Stock Exchange.ROAD.—The Brooklyn Union embraces 62.796 miles of elevated track
and 34.004 miles of surface track. Total, 96.80 miles. The New York &Brooklyn Bridge has 7.264 miles of track in addition.On July 1 1898 the operation of the Bridge railroad was commenced.
See terms of contract in V. 67, p. 27, 426. In April 1898 an agreementwas made with Long Island RR. providing for joint construction of connect-ing line at East New York and running of through trains from Jamaica toBrooklyn Bridge and from Rockaway Park to Broadway ferries. Con-struction begun in Nov. 1898 and work completed in Feb. 1899. V. 67.p .1054. On May 30 1903 through service by elevated trains (not LongIsland RR. trains) from Broadway Ferry to Jamaica was inaugurated;but in Nov. 1903 the Board of Aldermen passed an ordinance prohibitingthe operating of electric trains on Jamaica Avenue, and the next monththrough service was discontinued.DIVIDENDS.—The first dividend of 2% on the preferred stock was plaid
June 29 1901; in 1902, 3%; in 1903, 3%; in 1904, 33,570: in 1905, 4%; In1906. 43i %: in 1907, 5%; in 1908, 5%; in 1909, 5%; in 1910. June, 23.%,On com.—lst div.-5% paid June 10 1910.ANNUAL REPORT.—For year ending June 30 1910, gross. $7,737,843;
net, $3,672,924; 0th. inc., $124,262; charges, $2,455,373: sur.. $1,341,613.OFFICERS.—Pres., John Englis: V.-P., T. S. Williams and J. F.
Calderwood; Comp., Howard Abel; See. and Treas.. 0. D. Meneely.—v.77, p. 2389; V. 79, p. 268; V. 84, p. 1247; V. 90, p. 1295.
Totalmiles.4.288
227.98860.886
138.78115.7936.7865.669
25.663
(2) Nassau Electric Railroad.—A trolley road.ORGANIZATION.—Chartered March 13 1893 under the laws of New
York. Opened in July 1895 and in April 1896 leased the Atlantic AvenueRR.. &c. As stated above, the Rapid Transit Co. owns $8,"99,700 out ofthe $8,500.000 common stock of the Nassau Electric and 16,367,075 outof the $6,500,000 preferred stock.Lease.—Was formerly leased for 999 years from April 1 1900 to Brooklyn
Heights RR.. but coincidently with a decision compelling the issuance oftransfers from one leased line to another (V. 79, p. 102) the lease was ter-minated on June 30 1904. For still another decision as to transfers, seeV. 82, p. 1323,• also V. 85, p. 404.The assets of the Kings County Traction Co. were purchased at public
sale in July 1898 by the syndicate conducting the consolidation. V. 67.p. 74, 125. Certificate of merger of Atlantic Avenue RR. and United RR.(the latter being successor to the Brooklyn Cable Co. sold at foreclosureDec. 23 1897) was filed on Jan. 26 1899. V. 68, p. 283,821.In June 1907 a 10-year mortgage for $5,000,000 was authorized to secure
certificates of Indebtedness issued from time to time to the Brooklyn RapidTransit for advances made for improvements. &c.. but in July 1908 thePublic Service Commission denied application for approval of mtge. V. 84,p. 1181. 1246, 1550; V. 87, p. 224.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.
Common stock $8,500,000_ $8,500,000 Preferred 4% cum $6,500,000_ ____ M-N 6,500,000 May '10. 2%Bonds.—For details see Rapid Transit statement above.ROAD.—Embraces 138.781 miles of single track.Atlantic Avenue RR. (now part of Nassau Electric) owned the double
track steam road (since converted to electricity) from Jamaica to Flatbush62.796 Avenue Station in Brooklyn, 93i miles (19 miles of track), which is leased34.004 for 99 years from June 1 1877 to the Long Island RR. Co., affording thatcompany entrance into the city of Brooklyn—rental, formerly a percentage1.476 of receipts, was changed in 1895 to $60,000 yearly. V 61, p. 828. Litt-5.515 gallon has arisen with Long Island RR. with reference to use of AtlanticAvenue. See V. 74, p. 1139.DIVIDEND.—First dlv. on pref. under lease was paid Dec. 31 1900, 4%;
1901 to 1907 incl., 4% per annum; in 1908. Nov., 2%; in 1909, Nov., 2%;in 1910, May, 2%.ANNUAL REPORT.—For year ending June 30 1910, gross, $4,234,246;
net, $1,388,941; other income, $132,392; charges, $1,199,956; surplus,$321,377. V. 72, p. 240. 339. 342: V. 82, p. 1323.(3) Prospect Park & Coney Island RR.—A trolley road.ORGANIZATION.—Controlled by Long Island RR., but on June 17
1899 the Brooklyn Rapid Transit Co took possession under a lease for 999years to the Brooklyn Heights RR. and equipped the road electrically.(V. 68. p. 1224; V. 69, p. 654.) In Feb. 1907 this lease was assigned tothe South Brooklyn By. V.84. p. 569. Rental was $40,000 per annum andexpenses until 1909, when amount Increased to $45,000. In considerationof a guaranty by Long Island RR., annual interest on the greater part ofProspect Park & Coney Island's bonded debt has been reduced from 6 and7 % to 43.5 %. See V. 56, p. 42; V. 82, p. 187.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.
Stock $100 $250,000 Second mortgage now first 1886 434 F-A 340,000 Feb 1 1926($1,000 each) Odor 1886 6 F-A 160,000 Feb 1 1928
Interest on above mortgages payable at U. S. Mortgage & Trust Co., N. Y.Income bonds non-cum 1880 6 M-N 250,000 May 1 1920Bills payable June 30 1909 430,500 ROAD.—Embraces 27.697 miles of single track, of which 21.797 miles
owhed, 5.48 leased and .44 operated under trackage rights.EARNINGS.—Now included in those of Brooklyn Rapid Transit. The
Prospect Park & Coney Island received as rental from Brooklyn Heights inyear ending Dec. 31 1909, $42,694; rental of buildings. $43,024; total, $85.-718; interest, taxes, &c.. $85,508; surplus. $210.CONEY ISLAND & BROOKLYN RR.—ORGANIZATION.—Chartered Dec. 10 1860. Cars commenced running
over the Brooklyn Bridge Feb. 15 1898. See V. 66, p. 383.Brooklyn City & Newtown was leased in Nov. 1897 for 909 years. and in
1900 was merged into the Coney Island .Se Brooklyn.On March 8 1910 and July 30 1910 Pub. Ser. Comm. sanctioned the Issues
of $151,000 and $489,539, respectively, of 1904 consol. mtge. bonds for im-provements, &c. V. 90, p. 697; V. 91, p. 336. Neither of these Issues isIncluded In amount outstanding.STOCK AND BONDS. Date. Interest. Outstanding. Last div..ctc
Stock $3,500,000 (par $100) _ _ Q.-F. $2,983,900 Feb 07, 2%First consolidated mortgage 1898 4 g J-J 2,000,000 July 1 1948$2.000.000 gold____ Mercantile Trust Co., New York, Trustee.
Consol mortgage 110.000.000 1904 4 g J-J 1,500,000 Jan 1 1955gold ($1.000) _0* Mercantile Trust Co.. New York. Trustee
Car trust bonds $30,000 J 1908 6% F-A 24,000 Aug. 1.'11-14—V. 86. p. 420, 480. I Interest at Brooklyn Trust Co.Brooklyn City & Newtowni 1889 5 J-J 2,000,000 July 1 1939
first mortgage $2 000,0004 Interest at Mercantile Trust Co.. N. Y Trus.Real estate mortgages 5% 100,700 Bonds.—Of the new $10,000,000 bonds. $4,000,000 are reserved for prior
liens and $4,500,000 for extensions and improvements. No sinking fundand bonds cannot be called.ROAD.—Brooklyn to Coney Island, with branches, 13.75 miles; Brook-
lyn City 63 Newtown RR., main line and branches, 10.38 miles; trackagerights, 5.35 miles; second track and sidings, 24.18 miles; total operated.53.66 miles. 483 cars.Fares.—BegInning May 5 1901 fare to Coney Island on Sundays and holi-
days was increased from 5 to 10 cents. On Aug. 31 1908 fare on week dayswas also raised from 5 to 10 cents. V. 87, p. 613. On July 3 1909 PublicService Comm. held that company is justified In charging a 10-cent fare onSaturdays. Sundays and holidays, but that a 5-cent fare on other days issufficient. No order, however, reducing fares was made. V. 89, p. 102.On Mch. 11 1910 the Appellate Div. of the Supreme Court affirmed a de-cision dismissing a suit to collect a penalty for charging a 10-cent fare toConey Island. V. 90. P. 771.DIVIDENDS.—In 1895, 6%: in 1896, 5%; in 1897. 6%; in 1898. 8
V.67, p. 955. In 1899. 10%; in 1900, 10%: in 1001, 13t%; in 1902.16%.; in 1903, 16 %; in 1904, 16 %; in 1905, 10 %; in 1906, 8 %; in 1907.Feb., 2%; May dividend passed. None since.REPORT.—For years ending June 30:
(vacant): Sec. and Treas.. D. B. Cannon; Aud., Elmer M. White.—V. 86,p. 420, 479, 480, 917; V. 87, p. 613, 1159; V. 80, p. 102, 1068; V. 90, p.697, 771; V. 91, p. 336.VAN BRUNT STREET & ERIE BASIN RR.—A trolley road.ORGANIZATION, &c.—Chartered Feb. 15 1881. Stock. $200,000, all
Issued; par. $10. Bonds. $75,000 1st mtge. authorized; $65,000 out.Track, 3 miles, changed to electrIctly in 1898. 15 cars. Gross, 1908-09.$45,889; net, $11,676; other income, $691; charges. $3.807; diva. (5%)$10,000; balance, deficit, $1,440.OFFICERS.—Pres., John F. Murphy; V.-P.. D. W. Sullivan; Sec. and
Treas.. Wyllys Terry. Office, 284 Van Brunt St.. Brooklyn, N. Y.
BUFFALO, N. Y.BUFFALO It DEPEW RY.—A trolley road.ORGANIZATION.—Incorporated on April 27 1897. The Investment
Co. of Philadelphia owns about three-fourths of the stock and the entire$350,000 bonds.In June 1907 Railroad Commission granted permission to the Buffalo
Genesee° & Roch. Ry. to build an extension from Depew to Rochester.Certain amount of grading completed, but no track laid up to June 1910.STOCK AND BONDS— Date. Interest. Outstanding. Maturity.
Stock, $350,000 ($100) _ $305,000 Buff D 1st mtge. $350,000._ 1901 5 J-J 350,000 Jan 1 1031Loans payable June 30 1910_ 111,683 EARNINGS.—Year ending June 30 1910. gross, $16,950; deficit under
Iperatlon. $6,638; fixed charges. $19,420; total deficit, $26,058.
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OUT., 1910.] ELECTRIC RAILWAYS 19
ROAD.-Operates a double-track road from Buffalo to Depew, 13.59miles of track; 60-1b. rail; 5 cars.OFFICERS.-Pres., Wm. L. Nevin; V.-P., J. Ernest Richards; Sec.
and Treas., John J. Collier. V. 79, p. 2695.
BUFFALO & LAKE ERIE TRACTION CO.-A trolley road. (See mapon page 20.)ORGAN1ZATION.-Incorporated In New York and Pennsylvania in
Dec. 1906 and is a consolidation of the Hamburg Ry.. the Dunkirk & Fre-donia RR., the Buffalo Dunkirk & Western RR., the Lake Erie ElectricTraction Co. and the Erie Rapid Transit Co. Leases the Erie ElectricMotor Co. for 999 years, which company leases the Erie City Passenger Ry.for 999 years from Oct. 1 1888 and the Erie Reed Park & LakesideSt. Ry. for 999 years from March 1 1901. In Feb. 1907 common stockwas increased from $4,250,000 to $5,000,000. V. 84, p. 506, 569. In1009 leased the Buffalo & Lack. Tract. Co. for 999 years. V. 88, p. 1001.Also owns all the stock of this company, and guarantees the bonds. Alsoowns all stock ($750,000, all out) of the Dunkirk Street Ry., which com-pany has a franchise in Dunkirk and has built about 5 miles of track.In July 1910 the Jamestown Chautauqua & Lake Erie RR., which Is op-
erated by tile Buff. & L. Erie Trac. Co., applied to the Pub. Ser. Comm. forpermission to electrify its line. V. 91, p. 214.
STOCK AND BONDS- Date. Interest. Outstanding. MaturitY.Common, $5,000,000 Pref, %, $2,500,000 cumfrom July 1909 2.500,000
1st and ref mtge. $12,000,- 1906 5 g M-N 6370,000 Nov 1 1936000, g ($1,000) csj Interest at New York Trust Co., Trustee.
Erie El M 1st mtge, $200,000 1889 6 g J-J 148,000 Jan 1 1919($1,000), gold _ e Central Trust Co., trustee. New York City.
Erie El M 2d mtge, $150,000 1892 6 g J-J 102,000 Jan 1 1919gold c Central Trust Co., Trustee, New York City.
Erie El M 1st ref sink fund) 1901 5 g A-0 1,000,000 April 1 1941$1,250,000, gold ($1,000) . }Interest at New York Trust Co., Trustee,Cannot be called__ .c*1 New York City.
Hamburg Ry 1st mtg
-
e, $7-50.- 1906 4 g M-N 650,000 Nov 1 1926000, gold ($1,000) _ _ .
_- . _ Int. at Trust Co. of America, N. Y. Trustee.
Dunkirk &Fredonia 1st mtge, 1891 5 J-J 40,000 Jury 1 1911$40,000 Int. at Citizens' Trust Co. Fredonia, N. Y.
f ,$21,000 21,000 July 1 1911
Int. at Citizens' Trust Co. Fredonia, N. Y.Dunkirk & Fredonia 2d mtge.) 1898 5 J-J
Dun .50 Fred ref M. $100,000,1 1902 5 g J-J 39,000 July 1 1952gold ($100, $500 & 81,000)1 Fidelity Trust Co.. Buffalo, Trustee.Bonds.-Of the $12,000,000 new bonds, $2,100,000 are reserved to take
up a like amount of underlying liens. These new bonds are subject to call onint, date on or before Nov.1 1911 at 105 and int.; thereafter at 110 and int.Interest on the 1st and 2d mtges. of the Erie Electric Motor Co. is paid byKountze Bros., New York, The Erie Electric Motor ref. bonds are securedby deposit of entire stocks of the Erie City Pass. fly, and the Erie Reed Park& Lakeside St. fly. A sinking fund of 1 % annually on these bonds beganApril 1 1906 and will be Increased to 1 % % in 1916. The Hamburg By.bonds are subject to call on or before Nov. 1 1911 at par and int. TheDunk. & Fred. ref. mtge. bonds are subject to call on any Int. date at 103.ROAD.-Operates 81 miles of track from Erie through Northeast to
Westfield, Including city lines in Erie. Also the Jamestown Chaut. & LakeErie from Westfield to Jamestown, 37 % miles. Also 3 miles In Dunkirk(owned by Dunkirk St. RT.) and 4 miles formerly owned by the Dunkirk &Fredonia. Also 15 miles from Buffalo to Hamburg. Total track. 147 m•The gap between Hamburg and Dunkirk (about 33 miles), which completesa through line between Buffalo, N. Y., and Erie, Pa., was put in operationIn Dee, 1908. Enters Buffalo over tracks of the Buffalo & LackawannaTraction Co., which sec below. Grand total of track, 172.72 miles.
OFFICERS.-Pres.. Jos. B. Mayer, New York; V.-P., J. C. Calisch; Sec.and Asst. Treas., P. C. Schutrum, New York; Treas. M. J. Dodge, Asst.Sec., Jas, A. Byrne; Gen. Mgr., M. C. Brush.-V. 8'6, p. 980; V. 88, p.293, 1001.(1) Buffalo & Lackawanna Traction Co.ORGANIZATION.-Incorporated in New York In June 1906 to furnish
an entrance Into Buffalo for Buffalo & Lake Erie Trac. Co. In April 1909was leased to Buffalo & Lake Erie Trac. for 999 years. In Mch. 1909 PublicService Comm. approved mortgage for 81,500,000. Stock $100,000 (V. 88,p. 748), all owned by Buff. & Lake Erie Trac. Co. Has universal transfersthroughout city of Buffalo through contract with International Ry. Co.
BONDS.- Date. Interest. Outstanding. Maturity.1st mtge $1.500,000 gold._ 1908. 5 g J-D $1,000,000 Dec.1 1928($1.000) guar clInt. at New York Trust Co.. Trustee.
Bonds are subject to call on or before Dec. 1 1911 at 105 and int., andthereafter on or before Dec. 1 1913 at 110 and int. They have no sinkingfund. Remaining bonds are reserved for betterments and extensions at85% of cost. Bonds are guaranteed, prin. & int., by Buff. & Lake ErieTree. Co. V. 90, p. 235.ROAD.-Is a double-track road about 434 miles long. Began operating
Dec. 22 1909.OFFICERS.-Pres., Jos. B. Mayer; V.-Pres., A. T. Cole and J. C. Calisch;
Sec.. J. A. Byrne; Treas., P. C. Schutrum. V.88. p. 203.748; V. 90, p. 235.
$5,000,000
BUFFALO LOCKPORT & ROCHESTER RY.Receivership.-On August 5 1909 Judge Hazel, In U. S. Circuit Court
at Buffalo. appointed J. M. Campbell of Rochester, M. W. Childs ofMedina and F. A. Dudley, Niagara Falls, N. Y., receivers. Interest dueAug. 1 1909 remains unpaid. V. 89, p. 347.
ORGANIZATION.-Incorporated on June 22 1905 in New York. Isa consolidation of the Albion Elec. Ry., the Albion & Lockport Ry, andthe Albion (SG Rochester Ry. In 1908 the Buffalo Lockport & Roch. RollingStock Co. was incorporated. with $50,000 capital stock, and authorized$200,000 notes, covering 15 interurban passenger cars and two express andbaggage cars, and $85,000 notes, covering 6 passenger cars, which will be-come the nroperty of the Railway Co. upon fulfillment of its contract tomeet in full prin.and int.of notes; outstanding amounts reduced to figuresbelow.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $4,000,000 ($100) . $4,000,000 1st mtge. $4.000,000, gold_ _ _ 1904 5 F-A 3.400,000 Feb 1 1954($1,000) c* Int. at Lincoln Trust Co.. Trustee.
B L & R Rolling Stk Co equip ____ 5% 160,000 See texttr Series "A", $200,000_
BL&RR Stk Co Ser "B" 76,500 Bonds.-$800,000 bonds are in treasury of company; they are subject
to call at 110 and accrued interest on any interest day, on three months'notice, after Feb. 1 1914. The Series "A" equipment trust notes matureIn installments of $20.000 each; $40,000 have been retired.
EARNINGS.-For cal. year 1909, gross, $272,320; net, $91,234.ROAD.-Operates about 55 miles between Rochester and Lockport.
Rails 70 to 80-lb.OFFICERS.-Pres., J. M. Campbell, Rochester; V.-P., Sec. and Treas.,
Albert Oakley, Toronto.-V. 82, p. 1210; V. 89, p. 347.
BUFFALO SOUTHERN R Y. CO.-A trolley road.ORGANIZATION.-Incorporated in New York on Aug. 26 1904 and is
a consolidation of the Buffalo Hamburg & Aurora By. and the BuffaloGardenville & Ebenezer Ry. V. 79, p. 2146. Franchises perpetual. Hastrackage rights in Buffalo over tracks of the International Traction Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock 82,001).000 (8100) ------ _ _ _ _ $547 ,200let mtge, $2,000,000. gold{ 1904 5 g A-0 15 600,000 Oct 15 1934($1,000) c• Int. at Seaboard Nat. Bank, N. Y., or at
Fidelity Trust Co., Buffalo, Trustee.BONDS.-No s. f., but from $50.000 to $100,000 bonds are subject to call
at 110 and int., on any Int. date upon 3 months' notice. $1,400,000 bondsreserved for future extensions and equipment.EARNINGS.-For year ending Dec. 31 1909, gross, $67,072; net,
$11,109; in 1908. gross, $62,134; net. 28,732.ROAD.-Operates from Buffalo to Hamburg, East Hamburg and Or-
chard Park 15 Si miles; also has a line from Buffalo through Gardenvilleand Ebenezer to Lien's Park, F, % miles. An extension to East Aurora15 miles, is under construction, 534 miles completed, remainder expectedto be in 1910. 60-lb. T and 80-lb. girder rail.
OFFICERS.-Pres., R. V. Mathews, New York; V.-P., H. C. Lein, Gar-denville, N. Y.; Sec., H. M. Gear, Buffalo; Treas., N. A. Bundy. Buffalo;Gen. Mgr., Geo. F. Wells, Buffalo.-V. 86, p. 419.
BUFFALO & WILLIAMSVILLE ELECTRIC RV.ORGANIZATION.-Chartered Aug. 10 1391. In May 1904 capital was
increased from $75,000 to $3,500,000, and in July 1904 a new mortgagefor $3,500,000 was made to provide for extension to Rochester.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $3,500,000 $75,000 1st mtge. $3,500,000, gold) 1904 5 g J-J 127,500 July 1 1944($500 and $1,000) f Int. at Commonwealth Tr. Co.. Buffalo, TrustBonds.-Are subject to call on any interest date at 105.ROAD.-4 M miles of track, BnIlfalo to Williamsville. An extension from
‘Vililamsville to Rochester, 60 miles, is contemplated; has been completedto Batavia. Permission to build remainder has been granted by RailroadCommissioners. Rails 80-1b. T and 90-1b. grooved girder.OFFICERS.-Pres.. L. L. Lewis Jr.; V.-P. and Gen. Mgr., L. L. Grove;
Sec., Godfrey Morgan; Treas., S. R. Mann.-V. 84, p. 1306.
TRACTIONAL CO. OF NEW JERSEY.ORGANIZATION.-Incorporated in New Jersey on Aug. 9 1905 and
acquired $7,030,000 of the $10,000,000 common stock of the InternationalTraction Co. through exchange of stock-100 shares of International stockfor one share of Tractional Co. stock. A large amount of the $5,000,000pref. stock of the International Tract. Co. Is held by Interests identifiedwith the new company. See V. 81. p. 728. Authorized stock of newcompany $100.000, of which $50,000 is outstanding (after having pur-chased and cancelled Feb. 1 1909 $20,300 of its stock). No bonds.OFFICERS.-Pres.. Thomas Penney; Sec. and Treas.. Arthur Robinson
15 Exchange Place, Jersey City, N. J.-V. 81, p. 728.
INTERNATIONAL TRACTION CO.-Trolley.Default.-Int. due July 1 1910 on coll. trust mtge. of 1899 was defaulted.
A bondholders' committee has been formed, A. H. Gillard, Sec., 23 Wall St.,calling for deposit of bonds with J. P. Morgan & Co. It is proposed to or-ganize a new company owning some other railroad line which, by merger,shall acquire the stock and property of International Railway Co. (subject toIts prior mtges.) and issue a 5% ref. mtge. to mature not earlier than July 11949. V. 90, p. 1675. For options to exchange for deposited bonds seeV. 90, p. 1675. A committee opposing the aforementioned plan has beenformed calling for deposits. V. 91, p. 38.ORGANIZATION.-Organized on Jan. 18 1899 under N. J. laws and
has acquired all the electric railways connecting the cities of Buffalo, NiagaraFalls, Lockport, North Tonawanda and Tonawanda, together with all thestreet railway systems in all of said cities; also the electric railway connectingthe villages of Depew and Lancaster with Buffalo. It also acquired theCanadian Electric Railway, traversing the entire length of the Queen Vic-toria Niagara Falls Park and connected it with the American system by theacquisition of the steel arch bridge at Niagara Falls and the SuspensionBridge between Queenston nd Lewiston, which bridges have been equippedwith trolley tracks On Oct. 30 1905 acquired the entire $80,000 capitalstock of the Electric City Ry. In Jan. 1907 organized the Frontier ElectricRy., to build a line to connect with a proposed new bridge across the NiagaraRiver.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
-Collateral trust, $30,000,0001 1899 4 g J-J 18,335,000 July 1 1949($1,000), gold, a*. Inter-} Guaranty Trust Co., N. Y., Trustee. Mayest at J. P. Morgan & Co__ be called at 110 and ilit2t5.,00o0nany int. date.
Car trust certificates No. 1. 1904 5% 1911$175.000
Car trust certificates No 3 1907 6% 175,000 See text$250,000 Commercial Trust Co. Philadelphia, Trustee
Bonds and Stock.-Of the $30,000,000 collateral trust mortgage, $12,285.-000 were originally reserved to take up an equal amount of the underlyingbonds of the allied and controlled companies outstanding, and $620,000of that amount has been issued for that purpose, leaving 311,665.000still reserved. Car trust certificates No. 2 are secured by title to 150 cars.They fall due in semi-annual Installments of $30,000 each from Dec. 1906 toJune 1916 inclusive. Car trust certificates No. 3 are secured by title to 50cars. They fall due in semi-annual installments of $12,000 March 1 and$13,000 Sept. 1 from March 1 1908 to Sept. 1 1917.
Franchises.-In June 1906 we were informed that the majority or thefranchises in Buffalo are practically perpetual, none in Buffalo or other citiesand towns having then an unexpired term of less than 40 years, ex-cepting only the Fillmore Avenue franchise, covering an extension of 634miles on the east side in Buffalo, which was limited to 25 years; also portionsof Franklin, Pearl, Genesee, W. Seneca, Morgan, and WT. Chippewa Sts.;extension of Morgan St. or Elmwood Ave.. In the Terrace and College Place.
Consolidation or Constituent Companies.-On Feb. 20 1902 the Interna-tional Railway Company was incorporated in New York with $10,120,500stock, and in Aug. 1902 this was increased to $17,000,000, of which $16,-320,500 has been issued (all owned by the International Traction Co.), asaconsolidation of the following companies, whose shares had previously beenheld by the Traction Co.; V. 74, p. 427.
Buffalo Railway Co. (after Buffalo Traction and Buffalo Bellevue &Lancaster had first been merged in the same).
Buffalo & Niagara Falls Electric Railway.Buffalo & Lockport Railway (after Elmwood Ave. and Tonawanda Elec-
tric Railway had been merged).Buffalo Tonawanda & Niagara Falls Electric RR. Co.Lockport & Olcott Railway.Niagara Falls & Suspension Bridge Railway (after the Niagara Falls
Whirlpool & Northern By. had been merged in it).Niagara Falls Suspension Bridge Co.The Buffalo Railway owned the $2,860,000 stock of the Crosstown Street
Ry. of Buffalo, and this passed to the International Railway Co.On July 1 1902 the International By. Co. acquired by purchase the
Niagara Falls Park & River By., the Clifton Suspension Bridge Co., theLewiston Connect. Bridge Co. and Queenston Heights Bridge Co. Thisleaves the Crosstown St. By. Co. of Buffalo, the Electric City fly., theFrontier Elec. By. and Inter. By. Co. as the only operating companies, andeventually (that is, as soon as the $1,000,000 Buffalo By. debentures se-cured by $2,000,000 stock of the Crosstown St. By. are retired) the Cross-town St. By. can also be merged, thus leaving the International RailwayCo., the Frontier Elec. By. and the Electric City By. the sole operatingcompanies and the International Traction Co. the holding company.
Liens of Constituent and Owned Companies.BONDS- Date. Interest. Outstanding. Maturttu•
Buffalo East Side 2d mtge ....f 1882 6 M-S $293,500 Sept 1 1912lInt. is payable at Company's office, Buffalo.
Buffalo By 1st con Intl P
1891 5 g F-A 4,706,000 Feb 1 1931($1,000)115,000,009,g, Odor Int. at Co's. office, Buffalo, . W. Clark &
Co., Phila., or Mere. Tr. Co., N. Y. TrusteeBuffalo Ry debentures, $1.-} 1897 6 g A-0 1,000,000 April 1 1917000,000 gold, red at 105 Metropolitan Trust Co., New York, Trusteeafter April 1 1902 4509 and Interest at company's office, Buffalo, of
j Mercantile Trust Co., New York.nuttf1a,i0000R)y R E mtge J 1894 5 J-D 20 150,000 June '01914
1 Can be paid at par on any interest date.aTonawanda Electric RR. 1st 1895 4 A-0 40,000 April 1 1917
mtge Interest at company's office, Buffalo.aTonawanda Street fly 1st 1892 6 J-J 60,000 July 1 1912
mtge, $250,000 Interest at company's office, Buffalo..°Crosstown St By let mtge,gx 1892 5 g M-N 02,974,000 May 1 1932
($3,000,000), gu p &_c*tInt. at Metropolitan Tr. Co., N. Y. Trustee.Buffalo Traction let nage,‘ 1898 5 g J-D 673.000 Dec 1 194855.000,000 1 Int. at Metropolitan Tr. Co., N. Y. Trustee.
1897 5 J-D 215,000 June 1 1927Buffalo Bellev & Lan Mtge.( Redeemable June 1903 at 102, and 34 % less
I each year until at par.Buff & Niag Falls Eke Ry-\ 1895 5 g J-J 750,000 July 1 1935
let M. 2750,000, gold__ ._c/ Int. at Mercantile Trust Co. New York.Zd M, 2250,000, g. f, rech 1896 5 g J-J 85,000 July 1 1921after 1901 at 105 ($1,000)c/Int. at Mercantile Trust Co.. N. Y., Trustee
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MAP OF THE
BUFFALO & LAKE ERIE
TRACTION CO.
•rxxxxq -10A I
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT.. 1910.) ELECTRIC RAILWAYS 21
BONDS- Date. Interest. Outstanding. Maturity.
Buffalo & Lockport 1st mtge,( 1898 5 g J-J $500,000 July 1 1938
gold, $500,000 lint. at Trust Co. of America, N. Y., Trustee.
Lockport & Olcott Ry 1st) 1900 5g J-J 800,000 July 1 1920
mtge, $1,000,000, gold Int. at Morton Tr. Co., N. Y., Trustee; also($1,000) c* at Buffalo. Guar., p. & I., by Inter. Trac
Niagara Falls Suspension} 1897 5 g J-J 300,000 Jan 1 1028
Bridge, Clifton Suspension Toronto General Trusts Co , Trustee.
Bridge Int. at American Exch. Nat. Bank, N. Y.
Lewiston Connecting Bridge} 1808 5 g A-0 125,000 Oct 1 1928
Co, Queenston Heights Toronto General Trusts Co. Trustee.
Bridge Co Interest at American Exch. Nat. Bank, N. Y.
Niag Fails Park & River 1st \ 1893 5 J-.3. 600,000 Jan 2 1914
mtge, Canadian currency lint, at Imperial Bank, Toronto, Canada.
a Niag Falls & Susp Bridge Ry 1893 4 J-J 518,000 1913
a Niag FallsWhirlpool&No Ry 1894 4 J-J 22,500 1913
aAll owned by International Traction Co.bOf this $fs•50,000 owned by International Railway Co.
Bonds.-The Buffalo Ry, real estate mtge. matured June 20 1904, but was
extended until 1909, when they were again extended until June 20 1914; the
Tonawanda Elec. RR. mtge. due Aprli 1 1907 was extended until 1917. The
Niagara Falls & Suspension Bridge By. bonds of 1893 and the Niag. Falls ec
Whirlpool Northern bonds of 1894 given in the table above matured In 1903,
but were acquired by the International 'rraction Co. and extended ten
years, and then deposited with the Guaranty Trust Co. of New York as
additional security under the International Traction Co. collateral trust
mortgage. All the outstanding stock of tile International Railway, $60,000
bonds of the Tonawanda Street By., $40,000 bonds of Tonawanda Elect. RR.,
$518,000 bonds of the Niagara Falls & Supsension Bridge and $22,500
bonds of the Niagara Falls Whirlpool & Northern are pledged as security for
the International Traction collateral trust loan. The Buffalo Ry. deben-
tures are secured by deposit of $2,000,000 stock of Crosstown Street Ry.
Income Account of International Ry„ Crosstown Street Ry. and Electric
City Ry., including Fixed Charges of International Traction Co
Calendar year ending Dec. 31- 1908. 1907. 1906.
Gross earnings from operation $5,159,605 $5,380,437 $4,972,688
Operating expenses 3,228,482 3,362,883 2,884,986
Net earnings $1,931,123 $2,017,554 $2,087,702
Miscellaneous Income 87,961 81,813 69,111
Total net income $2,019,084 $2,099,367 $2,156,813
Fixed charges, including int. on bondsof I. T. Co.. taxes & depreciation 1,846,793 1,787,106 1,601,939
Surplus 8.172,291 $312,263 $464,854
ROAD.-Mileage Sept. 1 1910 (including Crosstown Street By. of Buffaloand Elect. City By. of Niagara Falls, N. Y.). Length of line, single track(owned 197.49; leased 18.36; trackage 4.80), 220.65 miles; total track oper-ated (owned, 347.67; trackage, 5.15; leased, 22.03), 374.85 miles. Gauge4 feet 8 A inches. Rail (steel), 45 to 190 lbs.
EQUIPMENT.-Sept.1 1910 (Including Crosstown Street By. of Buffalo
and Elect. City Fly.); 1,070 cars of all classes, Including 917 passenger cars.
car stations, 13; sub-stations (electrical). 6; power furnished by the Niagara
Falls Power Co. and the Cataract Power & Conduit Co.
OFFICERS of all operating cos.-Pres., Thos. Penney; V.-P., Thomas
E. Mitten; Sec. and Comp., W. C. Dunbar; Gen. Mgr., T W. Wilson.
OFFICERS of International Traction Co.-Pres., Thos. Penney; V.-P.
Thomas E. Mitten; Sec. and Comp., W. C. Dunbar.-V. 87, p. 873, 1533
V. 88, p. 748, 879;V. 89, p. 1280, 1542; V. 90, p. 1675; V. 01, p. 38.
BURLINGTON, IOWA,
PEOPLE'S GAS & ELECTRIC CO.
ORGANIZATION.-Owns all the stock, assets, franchises and good-will
of the Burlington By. & Light Co. Franchise expires in Feb. 1927.
STOCK AND BONDS- Date. Interest Outstanding. Maturity.
Stock, $1,250,000 $1,250,000
Burl Ry&Lt, 1st M. $750,0001 1897 5 g A-0 750,000 Oct 1 1917($500, &c), red at 105, g.c•J Interest at American Trust Co., Bos., Trus.
Bonds are guar. prin. and int. by endorsement by People's Gas & Electric
Co. of Burlington, and the latter has made a trust deed to secure the guar'ty.
ROAD.-Total track 17 miles trolley, Including an extension to West
Burlington. 66 to 75-lb. '1' rail. Operates 22 motor and 25 trail cars.
OFFICERS.-Pres., G. H. Higbee; Sec. and Treas. C. H. Walsh.-
V. 64, p. 41, 468, 753; V. 68, p. 1022; V. 74, p. 1307.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock, $200,000 (par $100) _ Q-F $200,000 See text.
Win & B Horse RR 1st M.1 1694 6 g J-J 150,000 Jan 1 1914$150,000, gold (7500 and Not subject to call before maturity.$1,000) cj Interest at Burlington Trust Co., Trustee.ROAD.-Owns 11 miles of track In city of Burlington. Rails 50 and
60-lb. T. Owns 15 box cars. 18 open cars, 2 snow plows.Dividends.-In 1903 and since, 6% per year; previously 4%.
Year end. June 30- Gross. Net. Charges. Divs. Const, Balance.
OFFICERS.-Pres., W. A. Clark, Butte; V.-P., J. R. Wharton; See. and'reas., J. It. Anderson, 49 Wall St., N. Y.-V. 72, p. 190.
CAIRO, ILL.CAIRO & ST. LOUIS RV.Incorporated in Illinois Oct. 1908 to construct a line from Cairo to East
St. Louis. Has a 50-year franchise In Cairo, Mound City and Mounds.
STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
.Stock, $100,000 $100,000
First mort. $250,000 gold c&rf 1908 5 g M-N 250,000 Nov 1 19381. Portland (Me.)Tr.Co.,trus., &F. D. Lunt,Porti'd
Bonds.-Coupon bonds are in $1,000 pieces and registered in any desired
amount. Int. at Portland (Mc.) Tr. Co. No s. I. and not subject to call.
ROAD.-10 miles of track completed and In operation.
OFFICERS.-Pres., W. B. McKinley, Champaign; V.-P. and Gen. Mgr.,
L. E. Fischer, Danville; Sec. and Treas., Edward ‘Voodman, Portland, Me
-V. 88, p. 29.3.
CALAIS, ME.CALAIS STREET RAILWAY.-A trolley road,
ORGANIZATION.-Stock, $100.000; first mortgage, 1898, 5s, J-J$100.000 due July 1 1918.REPORT.-Year ending Juno 30 1008, gross, $28,293; net, $1.954:
interest and taxes, $5,654; deficit. $3,699.
ROAD.-Calais Street Railway, lower wharf to upper bridge, Calais, 4miles; St. Stephen Electric St. By., Milltown, N. B., to St. Stephen, N. B.3 miles; total, 7 miles. The St. Stephen Electric St. Ry. Is a separate-corporation, but Is owned entirely by the Calais company. 9 cars.
OFFICERS.-Pres., George A. Curran; Sec., Charles F. Pray; Treat,and Gen. Mgr., C. W. Young, all of Calais, Me.
CANTON, MASS.BLUE HILL STREET RY.-A trolley road.
ORGANIZATION.-Franchise perpetual.STOCK AND BONDS- Date, Interest. Outstanding. Maturity'
Stock $300.000 ($100) _ $300,000 First mortgage $500,000 1 1903 5 g A-0 250,000 Oct 1 1923
gold I Interest at City Trust Co., Boston, Trustee."Current liabilities" Sept. 30 1909 225.311 Bonds subject to call as a whole at 115 and Interest on any Interest day.
EARNINGS.-For 12 mos. ending Dec. 31 1909, gross. $83.429; net,$24,983; charges, $24,884; surplus. $99.ROAD.-Operates 19.5 miles of track from idattapan, where connection
Is made with the Boston Elevated Ry., to Canton and Stoughton, at whichlatter point it connects with the Bristol & Norfolk St. By. and the OldColony Street fly. $2 cars.OFFICERS.-Ptes., C. H. French; V.-P., A. S. Pratt; 2d V.-P., E. J. B.
Huntoon; Treas., Henry B. Sawyer; Gen. Mgrs., Stone & Webster, Boston.-V. 78, p. 1906.
CAPE MAY, N. J.CAPE MAY DELAWARE BAY & SEWELL'S POINT RAILROAD.-
An electric and steam road.
ORGANIZATION.-Organized under the general railroad laws of NewJersey on Jan. 19 1893 by consolidation of the Delaware Bay & Cape MayRIt. (owner of the Cape May & Sewell's Point RR.) and the Cape May &Schellenger's Landing RR. Uses electric power for passenger service andsteam power for height. In 1901 control passed to the Reading Company.STOCK AND BONDS- Date. Interest, Outstanding. Maturity
Stock paid in (par $50) 8First mort ($150.00) _0__cur.1893 5 F-A 15105%0" 00Feb. 1,1923.
0 iher debts Jan. 31 1910 _ 347.452
In 1894 and 1895 but one interest payment was made, by mutual consentof bondholders. Interest was reduced to 5% for 5 years from Feb. 1 1896.and remains at 5 %. Trustee is N. J. Trust and S. D. Co., Camden, N. J.
ROAD.-Operates 6.29 miles of track extending to Cape May Point andSewell's Point. along the beach front through city of Cape May.
EARNINGS.-For year ending Dec. 31 1909, gross, $19,959; expenses,
$29,510; deficit from operation, $9,551; taxes and interest, $9,464; total
deficit, $19,015.
OFFICERS.-Pres.. Geo. F. Baer, Philadelphia; V.-P., Theodore Voor-
hees. Philadelphia; Sec., W. R. Taylor, Philadelphia; Treas., Harry E.
Paisley. Philadelphia; Comp., Geo. Ziegler, Philadelphia; Supt., A. G. Mc-
Causland, Camden.-V. 72, p. 532.
CEDAR RAPIDS, IOWA.CEDAR RAPIDS-IOWA CITY RAILWAY & LIGHT CO.
ORGANIZATION.-Incorporated in Iowa in June, 1903, and acquiredall the property and franchises of the Cedar Rapids Electric Light & PowerCo., the same being free from bonded debt. Has long-tern, franchises inthe cities for both lighting and street railway purposes and its railway linebetween the cities is located on private right of way 100 feet in width.In 1909 old issue of $300,000 5% non-cum. pref. stock was retired and
$600,000 6% cum. pref. authorized. V. 89, p. 1541.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common $1,700,000 $1,700,000 Pref. $600,000 6 % cum 373,920 June'10.3%First mortgage $2,000,000,T 1903 5 g J-D 1,375,000 June 1,1923
gold ($1,000) csi Illinois Tr. & Say. Bk., Chicago, co-trustee.Int. at Harris Tr. & Say. Bk., Chicago.
Bonds.-So far $1,440,000 bonds have been Issued, but $65,000 havebeen retired by sinking fund; additional bonds may be issued for not ex-
ceeding 75% of cost of permanent additions, extensions or other rail-way, lighting or power companies, when net earnings for year preceding
shall have been twice interest charge on bonds outstanding and to be issueil.
A sinking fund began April 1 1908 and bonds are subject to call on or after
June 1 1913 at 10734 and interest. See V. 77, p. 2279.Dividends.-On old pref. 5% each in 1908 and 1909. On new pref., In
1909, Dec., 3%; 1910, June, 3%.
EARNINGS.-For year ending July 31 1910, gross, $375,980; net aftertaxes, $148,396; interest, $64,777; surplus, $83,619. For year endingJuly 31 1909, gross, $332,101; net after taxes, $133,986.
ROAD.-Operates 26 miles of track between Cedar Rapids and Iowa
City. Standard gauge; 70-lb. T rails.
OFFICERS.-Pres., Wm. G. Dows; V.-P., J. H. Smith; Sec. andTreas., Isaac B. Smith.-V. 77, p. 2279; V. 79, p. 211; V. 89. p. 1481, 1541.
CEDAR RAPIDS & MARION CITY RV.
ORGANIZATION.-Franchise expires In, 1941.
STOCK & BONDS- Miles. Date Interest. Outstanding. Maturity.
Stock $550,000 ($100) _ $990.500
First mortgage $250,000116.82 1891 5 J-J 205.000 July 1 1931
$1,000e 'Interest at American Trust Co., Boston, Trustee,
EARNINGS.-For calendar year 1909, gross, $207,809; net, $73,363; in
1908, gross, $185,029; net, $53,285.
ROAD.-Owns road In operation 16.82 miles in length, extending fromCedar Rapids, Iowa. to Marion: second track. 2.28; sidings, 3.15: total ofall, 22.25 miles. Rails, 45, 60 and 80-lb. T .
OFFICERS.-Pres., P. E. Hall; Treas., John S. Ely; V.-P. and Sec.,Henry V. Ferguson; Supt., F. L. Diserens.
OHAMBERSBURG, PA.CHAMBERSBURG & GETTYSBURG ELECTRIC RY.
ORGANIZATION.-Incorporated In Pennsylvania Dec. 4 1900.
STOCK AND BONDS-, Date. Interest. Outstanding. Maturity.
OFFICERS.-Pres., P. H. Gadsden; V.-P., Walton Clark; V.-P. and
Gen. Mgr., G. H. Waring: Sec., W. F. Douthirt; Treas.'
Lewis Lillie*
Asst Sec. & Treas., C. M. Benedict.-V. 90, p. 1101; V. 91, p. 214.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
22 ELECTRIC RAILWAYS [VoL. Lxxxxi.
(1) Charleston Consolidated Ry., Gas & Electric Co.ORGANIZATION.-Organized Feb. 21 1899 as a consolidation of the
Charleston City By. and Charleston &Seashore RR. under Special Act ofSouth Carolina Legislature, granting a perpetual charter and gas and electriclight powers.
Franchises are perpetual. Also owns the capital stock of the CharlestonGas Light Co. ($698,150) and the Charleston-Edison Light & Power Co.($100,000), and thus controls the whole field of light and transportation inCharleston. In April 1899 bought the stock of the Mount Pleasant &Sullivan's Island Ferry Co. and the franchise of the Middle Street & Su111Van's Island RVOn May 21 1910 shareholders voted to issue $500,000 pref. stock. V.
90, p. 1169.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.Stock com.,31,500,000(par $50) - - - - J-J $1,500,000 July '10, 25'o
Stock, pref, 6% cum, $500,000($50) Q-*7 None
Charleston City first mortgagel 1898 5 g J-J 766,000 Jan 1 192311,000) $850,000 gold____c)Tax free. Int. at Mere. Tr. & S. D. Co., Bait
Consol mtge gold $2,500,0001 1899 5 g M-S 1,734,000 Mch 1 1999coupon ($1,000) *JInterest at Bait Tr. & Guar Co.. Trust.Holders can also collect coupons at Carolina Savings Bank, Charleston.
If presented before the 10th of the month.Bonds.-01 the consolidated 5s, 3850.000 were reserved to retire the
1850.000 City By. first 5s. of which $84,000 canceled under sinking fundand consols Issued to company in substitution.
Sinking Fund.-After 6 % dividend has been declared on stock, a sinkingfund of 110.000 per annum becomes operative on consols.
Dividends.-First dividend of % %, paid July 1 1903; in 1904, 1%: in1905. 1 %%; in 1908. 2 M%; in 1907. 2 %-%; in 1908, 3%; in 1909. Jan.,1%%:July, 1 %%; in 1910, Jan., 2%; July, 2%.EARN INGS.-For fiscal years ending Feb. 28-29:
Year- Gross. Net Fixed Charges. Surplus1910 $782,689 $279,322 $166,942 $112,3801969 756,327 266,815 165,800 101,0151908 727.661 260,579 162,006 98,573ROAD. &c.-Owns 40 miles of electric road, of which 30 miles in Charles-
ton and 10 miles from Mt. Pleasant (connecting by ferry with Charleston)to Sullivan's Island and Isle of Palms, a pleasure resort on the Atlanticcoast, including land at Isle of Palms, ferry, &c. The company has con-solidated all of its three power stations; both railway systems and light andpower division are being operated from same stations; the seashore divisionIs connected by submarine cableOFFICE RS.-Pres., Philip H. Ga sden. Sec. and Aud.. Chas. J. Bendt,
both of Charleston; Cashier. W. B. G'enn. 0"1:es, No. 141 Meeting St..Charleston.-V. 88, p. 504; V490. p. 1101, 1169.
CHARLOTTE, N. C.• CHARLOTTE ELECTRIC RV.. LIGHT & POWER CO.-A trolley road.ORGANIZATION.-Is a consolidation in Jan. 1896 of all the electric
lighting and street railway interests of Charlotte. Has since merged theCharlotte Gas Light Co. Also controls the Dilworth Water Co. Streetrailway, gas, electric-lighting and power franchises are unlimited as to timeand are said to be exclusive until Jan. 26 1913. Stock Is all owned by theCharlotte Consolidated Construction Co.STOCK AND BONDS. Date, Interest. Outs ending. Maturity.Stock (par $50) $200 .000
First mortgage $500,000 gold 1899 5 g J-J 360,000 July 1 1929($1.000) sinking fund_ _ _c*fInt. at Mere. Tr. & Dep. Co., Bait., Trustee.Refund & ext. mortgage $2,4 1906 5 A-0 336,000 April 1 1936000,000 gold ($1,000) _ _ _c•jInt. at Mercantile Tr. & Dep. Co., Bait., true.Bonds -On the 1st M. bonds a sink, fund is provided, operative July 1
1900, of 1% of bonds out, to be invested in bonds drawn by lot at 107 % andint., if not obtainable at lower figure in open market: $40,000 have beencanceled. Of the ref. and ext. mtge. bonds, $380,000 are to retire priorliens, $1,270,000 for additions and impts. under carefully guarded restric-tions. Sink, fund operative April 1907 of 1% of bonds Issued, for purchaseof bonds at 107 % and int., if obtainable; otherwise, such investments astrustee deems proper. V. 88, p. 1252. $14,000 have been retired.ROAD.-Operates 18 miles of track and 46 cars.EARNINGS.-For 12 mos. ending Dec. 31 1909, gross, $268,032; net,
$121,027; interest, $35,275; surplus, $85,752. In 1908, gross, $242,472;net, $111,453; Interest, $35,550; surplus, $75,903.OFFICERS.-Pres. and Treas., E. D. Latta; V.-Ps., E. B. Springs and
E. D. Latta Jr.; Sec., J. L. Chambers.-V. 66, p. 384; V. 83, p. 890;V. 88. p. 1252.
CHATTANOOGA, TENN.CHATTANOOGA RAILWAY & LIGHT CO.ORGANIZATION.-Incorporated in Tennessee on July 24 1909 as a
consolidation of the Chattanooga Railways Co. and Chattanooga ElectricCo. per plan V. 88, p. 1497. V. 89, p. 285. Owns entire capital stock ofLookout Mountain By. Does entire street railway and electric lighting bus-iness in Chattanooga and suburbs. Most of street railway franchises per-petual; some are for 20, 21 and 40 years. Electric light and power fran-chises perpetual.STOCK AND BONDS- Date. Interest. Outstanding. Maturity
Common $3,000 000 ($100)- $3,000,000 Pref $2,000,000 5% cum($100)2,000,000 Oct'10,1 %First and refunding mortgage 1909 5 gQic.fj
70-N 1,600,000 May 1 1956
$15,000,000 g ($1,000).._c• Fidelity Trust Co., Philadelphia, Trustee.Chatt Rys 1st cons mtge, see 1906 5 g M-N 2,165,000 May 1 1956
text (3500&$1.000) g.c•__ _ Int. at Trust Co. of Nor. Amer.. Phila.,Trust.Chatt Eiec By 1st M $625,000 1898 5 g J-J 625,000 Jan 1 1919g not sub.) to call ($1,000) c• Int. at Maryland Trust Co., Bait., Trustee.Stock.-Pref. shares equally with corn, after corn, has received 5%.Bonds.-The $3,000,000 Chattanooga Rys. mtge. has been closed at
$2,790,000, of which $625,000 are reserved to retire prior liens; callable anyInterest date at 107 and Interest on 3 months' notice. Of the 1st & ref.bonds, $2,790,000 are reserved for prior liens and 110.610,000 for exten-sions, betterments and permanent improvements at 85% of cost. There isno sinking fund; bonds are subject to call at 105 and interest on any interestdate after Nov. 1 1916. Interest is payable in New York or Philadelphia.V. 89, p. 846.
Dividends.-InItlal div., 1j%, paid on pref. Oct. 1909, and same amt.quarterly since to and including Oct. 1910.EARNINGS.-For year ending Aug. 31 1910: Gross, $838,528; net,
$395,315; net, $395,315; fixed charges and taxes, $277,559; surp., $117,756.ROAD.-Owns 54 miles of track, including second track and sidings.
Gauge 4 ft. 8 % in. T and girder rails.OFFICERS.-Pres., C. M. Clark; V.-Ps., M. S. Hopkins and H. L. Clark;Sec. and Treas., G. L. Estabrook: Asst. Sec. and Asst. Treas., J. C. Light-
foot Jr.; Mgr., W. E. Boileau. V. 89, p. 285, 846.(a)Lookout Mountain Ry.-ORGANIZATION.-Owns and controls the Lookout Incline Co. and the
Lookout Incline & Lulah Lake By. Stock all owned by the ChattanoogaRailway & Light Co.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.
Stock ($300,000) _ $300,000 -First mortgage (1500,000)1 1906 5 g See text May 1 1956
gold 'Trust Co. of North America, Phila., Trustee.Bands.-$50.000 has been authorized to be issued. None issued yet.EARNINGS.-Included in Chattanooga Rys. & Lt. Co. earnings.ROAD.-Operates a cable roaa of 5,000 feet, and has 5 miles of electric
road on top of mountain...LROFFICERS.-Pres., C. M. Clark; V.-P., M. S. Hopkins; Sea. & Asst.Treas., G. L. Estabrook; Treas. & Asst. Sec., J. C. Lightfoot Jr.; Supt.,Wm. A. Rollins. Office, Chattanooga, Tenn.-V. 83, p. 323; V. 87, p. 226,
CHICAGO, ILL.AURORA ELGIN & CHICAGO RR.-ThIrd-rall electric (see Map onpage 23).ORGANIZATION.-Is a consolidation in April 1906 of the Aurora Elgin& Chicago Railway. the Elgin Aurora & Southern Traction Co. and theCook County & Southern RR. V. 82, P. 279, 691. 1155. Chartered inIllinois under law applying to steam railroads. Pres., L. J. Wolf in a letterdated May 20 1909 (V. 88, p 1618) stated that system is "in the main onprivate right of way or protected by 50-year franchises or grants without
limit." Does freight and express as well as passenger business. V. 83,p. 490. Has exclusive contract with Metropolitan West Side Elevated tooperate over its tracks.
Stockholders will vote Oct. 18 1910 on purchasing the Chic. Wheaton &Western Ry., which runs from West Chic. to Geneva, about 10 miles($429,000 40-year 5% bonds due July 1 1948, not subj. to call, are out-standing). V. 91, p. 517.STOCK AND BONDS- Date. Interest. Outsrd'g. Div .&due date.
Common $3,100.000 0100)- ---- Q-J $3,100 .000July 1 1 '10 %Pref $3,100,000 ($100)6%cum Q-J 3,100,000 July '10 1%First and refunding mortgage( 1906 5 g J-J 1,950,000 July 1 1046
$25,000.000 gold ($1,000).4 Int. at Cit. Say. & Tr. Co., C
Cleve., and alsoc• der* j in N. Y. Trustee, North. Tr o., Chic.
A E & C Ry first mortgage) 1901 5 g A-0 15 3,000,000 Apr 15 1941$3,000,000 ($1,000) gold }Amer. Tr. & Say. Bank, Chicago, Trustee,cannot be called jInterest payable in Chicago and New York.
Elgin Aurora & Southern first} 1901 5 g J-D 2,000,000 June 1 1916mtge. $2.000,000 ($1,000) Int at Amer. Tr. & Say. Bank, Chicago,gold sinking fund c* Trustee, and First Nat. Bk., N. Y CityStock.-Preferred stock was 5% cumulatIveuntll April 1 1909; thereafter
6% cumulative.Bonds.-01 the $25,000,000 new bonds, $5,000,000 are reserved for prior
liens and the balance for Improvements, extensions and self-supportingacquisitions under rigid restrictions. They are subject to call on or beforeJuly 1 1911 at 102 A and int., but not thereafter. See V. 88, p. 1618. Onthe Aurora Elgin & Chicago Ry. a sinking fund of $50,000 per annum com-mences on April 15 1911. See V. 74, p. 726. On the Elgin Aurora & South'nbonds a sinking fund Is $17,000 per annum first 5 years and $25,000 annuallythereafter; $229,000 have been purchased and are now held in sinking fund.Dividends.-First dividend on preferred-1 X%-paid July 1906 (V. 82,
p. 1436), and the same amount quarterly since then up to and includingApril 1909. July 1909 dividend increased to 1% % and same amount paidguar. since to and including July 1910. On common, first dividend-3,1%-Oct. 7 1907. In 1908, 3%, In 1909. 3%, In 1910, Jan.. fi%;April, V, %; July, 3,1%.REPORT.-For fiscal years ending June 30:
Year- Gross. Net. Fixed Charges. Surplus.1910 $1,596,777 $710,886 $375,395 $335,4911909 1,467,215 670,945 341,327 329,6181908 1,408,892 620,623 333,700 286,923ROAD.-Operates from Fifth Avenue station in the City Of Chicago, over
tracks of the Metropolitan West Side Elevated road; thence on its own lineto Wheaton, with lines from Wheaton to Elgin, Batavia and Aurora; alsofrom Elgin to Carpentersville, Dundee, St. Charles, Geneva, Yorkville andBristol. Total single track, 156 miles. Third rail, standard T. 100 lbs.;track rails, 80 lbs. Interurban and city lines, 60-95-lb. '1' and girder rails;114 passenger cars; 2 express cars; 6 snow-plows and sweepers; 5 othercars; total cars, 127.OFFICERS.-Pres., L. J. Wolf, Cleveland; V.-P., M. J. Mandelbaum: Sec.
and Treas.. H. C. Lang, Cleveland; Asst. Treas., A. E. Felhl; Aud., C. E.Fienner; Gen, Mgr., Edwin C. Faber, Wheaton, Ill. Executive offices.Garfield Bldg., Cleveland, Ohlo.-V. 85, p. 721; V. 87, p.1531; V. 88,p.1618;V. 89, p. 1480, 1595; V. 90, p. 302; V. 91, p. 517.
CHICAGO CITY & CONNECTING RVS.-A collateral trust.Formed in 1910 under a trust agreement, to take over the stock of the
Chicago City By., together with the securities of the Calumet & SouthChicago By., the South Street Railway, the Hammond Whiting & EastChicago Ry. and the Chicago & Western. These properties comprise 407miles of street railway in southern division of Chicago and vicinity. Seeoutline of plan in V. 90, p. 558, 625. The trustees are: E. H. Gary, A. J.Earling and S. M. Felton.STOCK AND BONDS- Date, Interest, Outstanding, Maturity
Corn part certs 150,000 shares 150,000 shs. June'10, $1Fret part certs 250.000 shares_ J-J 250,000 shs. June'10,$2.25Coll trust mtge $22,000,0001 1910 5 A-0 $22,000,000 Jan 1 1927
gold sinking fund__c•&r•IInt. In Chic. or N Y. 1st Tr.&S.B.Chic..Tru3.Participation Certificates.-Preferred participation shares have no par
value but are ent tied to preferential cum. divs. aggregating $4 50; also,after corn, partic shares shall have received $4 in any year, the remainingsurplus, not exceeding in any year $1,000,000, shall be paid ratably. % topref. and % to corn., but in no case will the pref. certs. be entitled to morethan $7 each per annum; also have preference upon distribution of trustfund to the amount of $100 each and accumulated dividends.
Bonds.-Coupon bonds in denom. of $1,000; registered bonds $1,000 ormultiples. A sink, fund provides for redemption, begin. March 1 1915, of$105,000 of bonds p. a., they being redeem, for the a. 1., or as a whole, at105 and int. In case of purchase of property of the Chicago City Ry. byCity of Chicago, or termination of trust agreement of Jan. 1 1910, thenbonds are redeemable at par and accrued interest. See V. 90, p. 558. 625.
Stocks and Bonds Deposited to Secure the Collateral Trust BondsStocks (par). a Bonds (par).
ChIc.City By., value $200 per $100 sh_$16,971,900 NoneCalumet & South Chicago Ry •5,000,000 •$5,000,000 consolsSouthern Street Ry •800,000 1,600,000 1st M 5sHammond Whiting & East Chicago Ry •1,000,000 *1,000,000 new 1st 5sChicago & Western .72,000 •74,000
Total $23,843,900 $7,674,000
• Entire issue.a Under provisions of the trust mortgage these respective Issues of bonds
each as an entirety may be converted into capital stock of the respectivecompanies to an equal amount.
Dividends.-InItlal div. on pref, part. cifs.-$2 25-paid June 1910. Oncorn. part. ctfs. 1st div.-$1-paid June 1910. PIMREPORT.-Nct Income available for interest and dividends for year
ended Jan. 31 1910 is stated to have been $2,177,000. V.90, p. 625.BOARD OF DIRECTORS.-Chairman, Ira M. Cobe; James B. Forgan,
John J. Mitchell, Samuel Insull, John A. Spoor, Edward Morris, HarrisonB. Riley. E. K. Boisot.OFFICERS.-Pres.. Ira M. Cobe; Sec. & Treas., F. G. Murray.-V. 90.
p. 53. 108, 558, 625, 848, 1575.
(1) Chicago City Railway.-An electric road.ORGANIZATION.-Incorporated in Feb. 1859, and has extensive sur-
face road privileges in the south division of Chicago. In June 1908 enteredInto a contract with the Commonwealth-Edison Co., by which the ChicagoCity By. agrees to buy all of its electric power from that company untilJune 1918. The railway has abandoned its producing plants but retainsits distributing plants. V. 87, p. 1010.New Ordinances and Franchises.-On Feb. 4 1907 the City Council passed
ordinances providing for a settlement of the franchise question. Theseordinances were approved at the city election on April 2 1907 and formallyaccepted by the company's board of directors on April 15 1907. An ex-tended outline of these ordinances. one to the Chicago City Railway Co..and covering the lines operated by that company, and the other to the Chi-cago Rys. Co., and covering the lines of the former Chicago Union TractionCo. (now the Chicago Railways Co.), was given in V. 84, D. 1123. The valueof the tangible and intangible property of the Chicago City By. at date ofthe ordinances was fixed at $21,000,000. The city or any company au-thorized by It Is given the right on Feb. 1 or Aug. lot any year, on sixmonths' notice, to purchase the entire property of the two systems, or eitherof them, at their value at date of ordinance, plus "the cost of rehabilitationand extensions, including fair allowances for construction, profit andbrokerage." But if the properties are acquired for operation by a pri-vate corporation, for its own profit, the purchase price is to be increased20%-barring the case of a private company which might be willing toturn over to the city all profits above 5% on the cost of the investment.The companies are limited during their operation to an Interest returnof 5% upon the agreed value plus the cost of rehabilitation and exten-sions. All net profits above this are to be divided on the basis of 55%to the city and 45% to the compan es, but a deficit In any year is to bemade good out of the profits of subsequent years. After April 15 1910 thecompanies are required to set aside 6% of the gross receipts for maintenanceand repairs and an additional 8% of the gross receipts to cover renewalsand depreciation. Whatever portion of the two funds is not used, remainsin the funds and passes to the city or its licensee upon purchase. But Ifthe two funds are not sufficient for the purposes named, the companiesare obligated to supply additional funds.
Free transfers are required over all connecting lines within the city limitscovered by the Chicago Railways Co., the Chicago City Ry., the ChicagoConsolidated system and the Chicago General Ry. (except territory boundedby 12th St.. south and main branches of Chicago River and Lake Michigan,until subways are in operation, when transfersiwill be given at all inter-
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sections in the subways), 'provided the passenger has paid a five-centfare and is traveling in any one general direction. Certain extensionsare provided, and the Chicago City Company agrees to construct in ad-dition the equivalent of eight miles of single track and the Chicago Rail-ways system the equivalent of twelve miles of single track, in each yearafter the third year. The companies also agree, upon demand of the city,to furnish funds not exceeding $5.000,000 in the aggregatefor theconstruo-tion of a central down-town subway to be built and owned by the city,two-fifths of the cost to be borne by the Chicago City Ry. and three-fifthsby the Chicago Railways. Section 25 of Chicago City By. ordinance fixesthe capital investment limitation of the company as follows: "The com-pany shall not be required on account of any extensions or subways or onaccount of underground trolleys, or on account of any extensions of itsstreet railways, other than the extension provided for in exhibit "A,"andin Section 36 of this ordinance, and four (4) miles of double or eight (8)miles of single track per annum, as in Section 3 hereof provided, to increaseIts total capital Investment to such an extent that the return thereon overand above the interest charge of 5% thereon by this ordinance authorizedwould be reduced to an Inadequate or unreasonably small amount."The franchises granted by the ordinances run until Feb. 1 1927. The
city reserves the right at any time to commute a sum not exceeding thecity's share of the net receipts for the previous year into a reduction of therates of fare. After one year cars may no longer be run in trains, butmust be operated singly.Calumet & South Chicago Operated.-Under an operating agreement en-
tered ihto in 1908, operates the Calumet & South Chicago By. and will alsodirect the work of its rehabilitation.
Southern St. Ry Operated.-Under ordinance which went into forceApril 1 1909, operates the Southern St. By. and will carry on work of therehabilitation of that road.STOCK AND BONDS- Date. Interest. Outstanding, LastDiv-dee.
Stock. $19,000,000 ($100)____ ____ Text Q-M30 $18,000.000 See textFirst mort. ($1,000), gold c ..s•rf 1907 5 g F-A 22.500,000 Feb 1 1927
IFirst Trust & Say. Bk., Chicago, Trustee.Bonds.-There is no limit to the amount of bonds that may be Issued
under the above mortgage. Bonds can be called at 110 and Interest on orbefore Feb. 1 1912, but not thereafter. Under the Chicago city ordinance,In case of purchase the city has the right to redeem bonds at par beforematurity. V. 84, p. 1488, 1550. Altogether, $25,000,000 bonds havebeen sold-only $22,500,000 out Sept. 1910.DIVIDENDS.-Usually 12% were in 1893, 24%; 1894-1900, 12%; in
1901, 103%; in 1902-09, 9%; in 1910, extra div. of 4% paid March 2 and234% March 30; June 30, 2M%; Sept 30, 2%.ROAD, &c.-Company owns 252.29 miles of single track, all now oper-
ated by electricity. System covers the South Side of Chicago, extendingfrom the centre of the business district south to 79th Street and betweenthe South Branch of the Chicago River and the Lake. Cars required byordinance Jan. 1 1908, 805 double-truck cars, 251 single-truck cars; total,1,056.REPORT.-For 12 months ending Jan. 31 1910. See V. 90, p. 767.
Passenger receipts $8,735,705 Income from operation_ _ _$2,253,392Recta. from other sources_ 358,343 Other income (contractors'
Oper. exp., taxes, renew-als and int. on cap. Inv_ 8,230,735
Net earnings $863,313City's proportion, 55% _ _ _ $474,822
Co.'s proportion, 45% $388,491Int. on capital invest't__x$1,864,901
Total income $2,809,107Interest on bonds 1,110,667
Net income $1,698,440Dividends (9%) 1,620,000
Surplus $78,440
x The "interest on capital investment," $1,864,901, is that certified byboard of supervising engineers, as provided by the ordinance of Feb.11 1907.OFFICERS.-Chairman Ex. Corn., J. A. Spoor; Pres., T. E. Mitten:
V.-P., R. B. Hamilton: Sec. and Treas., F. D. Hoffmann; Aud.,J.J. Duck.-v. 86, p. 284, 475, 544, 545, 668. 856: V. 87, p. 677. 1010. 1419; V. 88,p. 230, 293, 748, 819; V. 89, p. 1279; V. 90, p. 53, 372, 625, 767, 771.(2) Calumet & South Chicago Ry.-Electric.ORGAN IZA'l lOIN .--is a es osolluation formed in 1908 of the Calumet
Electric Street Ry. and South Chicago City By. In accordance with theterms of ordinance passed by the City Council March 30 1908. Linesare located in the south division of the city of Chicago. The ordinancegrants franchises until Feb. 1 1927 and provides that the city is to receive55 % of net receipts after allowing for operating expenses, taxes and depredation and 5 % on present value, together with amounts expended for im-provements and extensions. Interchange of transfers with Chicago CityBy. oy establishing four transfer zones is provided, but in three of thesezones free transfers cannot be compelled unless net earnings for precedingyear were equal to 5 % on the investment and the company's share of thenet earnings amounts to 1 J % additional. City may purchase propertyon Feb. 1 or Aug. 1 of any year upon six months' notice, for present value,which is fixed at $5,000,000 plus amount expended for improvements,additions and extensions, but only for municipal operation, where purchaseis made prior to Feb. 1 1927. With an addition of 20% in price, city mayalso purchase for the purpose of turning property over to other parties (ifpurchased for Chicago City Ry. only 12% additional need be paid), butthis additional sum need not be paid where these other parties agree to payover to the city all of the profits above 5% on the purchase price. V. 86.p. 1223. On Jan. 31 1910 certified value of property and additions theretowas $6,931,279.
Operating Agreement with Chicago City Railway Co.-On June 29 1908 Chi-cago City Council approved agreement by which Chicago City By. agrees tooperate Calumet & South Chicago By. Co.'s street railway system, and toplace in operation the zone system of transfers, as described above. Thelatter company agrees to pay actual cost of this operation, and joint costsare to be paid by both companies in proportion to gross receipts of each.with certain exceptions. In addition, Calumet & South Chicago By.will pay Chicago City By. of the actual saving in oper. exp. resultingfrom joint operation, such saving to be determined by a board of engineers.See V. 87. n. 224.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock. $5,000,000 ($100) $5.000,000 First mortgage rehabilitationl 1908 5 g F-A 1.500,000 Feb 1 1927($1.000) gold. No sink fd &lint. at First Trust & Say. Bk., Chic., Trustee
2d mortgage consolidated $5,-1 1908 5 g F-A 5,000,000 Feb 1 1927000,000 ($1,000) c• lint. at First Tr. & Say. Bk., Chic., Trustee.Bonds.-The issue of 1st mtge. bonds is indeterminate, amount to be
limited to amount of new work done on property. They are subject tocall at any int. date at 105. The consol. mtge, bonds are subject to call at103. They were issued to take up all prior liens. Neither Issue of bondshas a sinking fund.EARNINGS.-For year ending Jan. 311910, gross, $881,177; net, after
taxes, $264,353; interest return on investment, $292,188; deficit due thecompany from net of succeeding year, $27,835.ROAD.-Operates about 94.158 miles of single track, reaching South Chi-
cago, Pullman, West Pullman, Auburn Park, Burnside and ManhattanBeach. Also extends from Jackson Park to 106th Street and the IndianaState line along the Lake shore and both sides of the Calumet River. 70,75, 83 and 85-1b. rails.OFFICERS.-Pres., Glenn E. Plumb; V.-P., D. M. Cummings: Sec. and
Treas., 0. S. Gaither.-V. 87, p. 224, 285; V. 88, p. 374; V. 90, p. 53, 1044,1483.(3) Southern Street Railway Co.-A trolley road.ORGANIZATION.-Incorporated in Illinois as a reorganization of the
Chicago General By.. which was bid In at foreclosure sale on Sept. 30 1907by the Southern Street Railway Co. V. 85, p. 863.
Operating Agreement with Chicago City Ry. Co.-On April 1 1909. theordinance by which the Chic. City Ry. operates the property went into effectwhen the City Company took possession and began operating with 25 newcars, retiring an equal number of old ones. The $800,000 1st 5s of 1904were all retired, and trust deed released, and new bonds provide forrehabilitation requirements and for refunding of old lsts. The Chic. CityBy. operates the property and the income therefrom (after allowing 5%return on the investment) is divided between the city and the Southerncompany under the terms of the ordinance as in V. 88, p. 1003, 55% goingto the city and 45% to the Southern. The city purchase price as fixed bythe ordinance amounted on Jan. 31 1910 to $1,245,341.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
1FIrst Trust & Sew. Bank, Trustee.Bands are limited only by company's requirements under city ordinance
•tor retiring old bonds ($800,000 all discharged) and for additions and im-provements.
ROAD.-Owns 18.81 miles of single track; extends from Wabash Ave. to40th Ave. on 22d St.; also on 25th St., Lawndale Ave.. Kedzie Ave. andThroop St.REPORT.-Proportion of net earnings due Southern Street Ry.from
joint operation of Chicago City By. and Southern Street By. for yearending Jan. 31 1910 was $124,432.OFFICERS.-Pres., Wm. H. Roberts, 824 Monadnock Bldg., Chicago;
Sec. and Asst. Treas., Allen R. Smart, Chicago. V. 88, p. 1003, 1063:V. 90, p. 54.
(4) Hammond Whiting & East Chicago Railway Co.-A trolley road.ORGANIZATION.-Incorporated in Indiana in Jan. 1910 as successor
to Hammond Whiting & East Chicago Electric By. Franchise expires I1954. Power is furnished by Calumet & South Chicago By.STOCK- Miles. Date. Interest. Outstand'g. Dividends.
Stock $1.000,000 ($100) 25.94 $1,000,000 First mortgage $1,000,000_ _ _ _ 5% 1,000,000 ROAD.-Owns 25.94 miles of track, extending from State line between
Illinois and Indiana at 108th St., Chicago, to Whiting, East Chicago andHammond in Indiana, and operates in connection with Calumet & SouthChicago By. to 63d St. and Madison Ave. In Chicago. 11 motor cars; 5other cars; standard gauge; 80-lb. T rail.OFFICERS.-Pres., T. E. Mitten; V.-P.
' W. W. Crawford; Sec. &
Treas.. F. D. Hoffman; Asst. Sec.-Treas., C. A. Weber; Gen. Mgrs., A.L.Drum & Co., 125 Monroe St., Chicago.-V. 79. p.103.
CHICAGO & SOUTHERN TRACTION CO.-An electric road.Receivership Suit.-On Jan. 24 1910 a bill was filed by Western Trust &
Savings Bank of Chicago, the mortgage trustee, asking for a receivership onthe ground of insolvency (V. 90, p. 302), but as company appeared to bemaking satisfactory progress in re-arranging its finances, suit was notpushed. V. 90, p. 626. On Sept. 20 1910, however, suit came up fortrial. V. 91, p. 518. On Aug. 8 1910 a contractor's suit for $125,000 wasfiled against the company. V. 91, p. 462.ORGANIZATION.-Incorporated in 1904. In July 1907 purchased the
Chicago Electric Traction Co. (successor to the Englewood & Chicago Elec-tric Ry.) at foreclosure sale. Of the $5,000,000 bonds given below, $2,500.-000 were used to build the road from Harvey to Kankakee, and to purchasethe Chic. Elect. Trac. Co. running from Harvey to Chicago. The remaining$2,500,000 is to be used in completing road to Lafayette, or any other exten-sion. Private right of way outside of towns.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
$2,500,000 Stock, $5,000,000_First mortgage, $5,000,000___ 1907 5 2,500,000 Jan.'. 1987ROAD.-Operates 72 miles of track between Chicago (63d St.) and
Kankakee. Extension to Lafayette is contemplated.OFFICERS.-Pres.. Matthew Slush; Sec. F. M. Lowes; Treas. V. R•
Ronk; Supt.'W. B. Tarkington.-V. 85, p. 159, 283; V. 90, p. 302, 626:V. 91, p.462, 518.
CHICAGO & MILWAUKEE ELECTRIC RR.-A trolley road.Receivership.-On Jan. 28 1908 Judge Grosscup appointed W. Irving
Osborne, Vice-Pres Central Trust Co., Chicago; D. B. Hanna Vice-Pres,Canadian Northern By., Toronto, and Albert C. Frost, Pres. of the com-pany, receivers. George G. Moore was subsequently substituted for Mr.Frost. See V. 86, p. 284, 337, 1223. April 1908 Judge Grosscup author-ized the Wisconsin corporation to issue $1,000,000 receiver's certificates tocomplete road (V. 86, p. 917, 1159, 1223.) Interest due July 1 1908 on the$4,000,000 bonds of 1902 is in default; the interest due on $1,080,000 firstmortgage bonds of 1899, however, has been paid. Default also occurred onWisconsin Division bonds July 1 1908. V. 87. p. 96.In Aug. 1910 a committee (V. 91, p. 518) was engaged in working out
a financial plan.Foreclosure Suit.-In Nov. 1908 Wisconsin Div. bondholders' protective
committee approved the action to foreclose the mtge. on the Wisconsindivision and authorized the filing of a bill for similar action with regard tothe Illinois division. In Dec. 1908 Judge Grosscup entered an order con-solidating the various foreclosure suits. V. 87, p. 1237, 1477, 1604. Theconsolidated bill seeks to establish and foreclose an equitable lien in favorof all the holders of Wisconsin bonds against the Illinois property, on theground that some $2.000.000 of the proceeds of these bonds were used forthe benefit of the Illinois portion of the line. V. 87, p. 1532, 1663. Thisthreatens to displace the Illinois division bonds' first lien on tile Illinoisproperty, and a protective committee of Illinois division bonds has beenformed. V. 87, p. 1604. 1663; V. 88, p. 374. In Feb. 1909 the Merchants'Loan & Trust Co., Chicago, as trustee of the Illinois division bonds of 1902,filed a bill in U. S. Circuit Court of Northern District of Illinois to foreclosemortgage. V. 88, p. 504.ORGANIZATION.-Incorporated under the general railroad laws of .
Illinois and Wisconsin and has the same privilege as steam roads. Thiscompany was successor by purchase on Dec. 31 1902 of the Chicago & Mil-waukee Electric Railway Co. Leases the Chic. & Milw. Elec. RR. of Wis-consin for 50 years from 1905, and guarantees its bonds, both principaland Interest. Does a freight business. Franchises, except 4, are said tobe perpetual; serves 25 cities and towns.
STOCK AND BONDS- Date, Interest. Outstanding, Maturity.Stock, $5,000,000 $5,000,000 C & M E Ry 1st M. $1,500,000 1899 5 g J-J 1,080.000 July 1 1919g ($1,000 each) c; may be Int. at Standard Trust Co., N.Y., and Cleve-called any interest day ati land Trust Co., Trustees, Cleveland Trust105 and interest J Co. and Royal Trust Co., Chicago.
o & M E RR 1st M, $5,0004 1902 5 g J-J 4,000,000 July 1 1922000, gold ($1,000) ci Int. at Merchants' Loan & Tr. Co., Chicago.
( Trustee, or Nat. Bk. of Commerce, N. Y.Wisconsin Division, 1st mtg,I 1905 5 g 1-1 10,000,000 Jan 1 1925guar, gold, $10,000,000 Interest at West. Tr.63Sav.lik.,Chic.,Trustee($1,000) Jor U.S. Mortgage & Trust Co., New York.
Bonds.-Of the $5,000,000 Railroad Company bonds authorized, $1,000,-000 are reserved to retire a like amount of bonds of the Railway Company.Bonds are not subject to call. See V. 76, p. 211: V. 78, p. 1496.Sinking fund on the Railway bonds of $50,000 per year begins with July 1
1910. No more than the 11,080,000 of these bonds outstanding will beIssin.d. These bonds are subj. to call on any int. date at 105 and interest.The Wiscorula Div. bonds are guar., prin. and nt., by the Chic. It MIL,
El. BR. of Ill. No s. I. and are not subject to call. Of the $10,000,000 re-ported outstanding, $1,157,000 is pledged as collateral for notes and loans.A $2,000,000 issue of 6% notes was authorized In 1007 (V.85, p. 920),
but it is understood that not more than $121,000 of these notes were issuedagainst which $203,000 of Wisconsin Div. bonds are pledged. V.86, p. 337,The receiver's certificates are a prior lien only to the $10,000,000 Wiscon-
sin Division 5s due 1925. They are subject to call at option of receiver.V. 86, p. 856, 1159, 1223.REPORTS OF EXPERT ACCOUNTANTS. See report of Arthur
Young & Co. (engaged by the receivers) in V. 87, p. 225; also that ofMarwick, Mitchell & Co. (engaged by Pres. A. C. Frost, and criticising thefirst report) in V. 87, p. 1476.
Earnings of system, as re-stated by Arthur Young & Co.. omitting allfreight earnings and expenses of construction material hauled, were asfollows (we also add the figures for 1909)Calendar Gross Operating Net Bond Balance,
Year- Earnings. and Taxes. Earnings. Interest, Deficit.1904 $240,870 $180,516 $60,354 $214,000 $153,6461905 302.663 242,682 59,981 309,000 249,0191906 441,265 369,976 71,289 466,500 395,2111907 556,847 458,950 97,897 696,500 598,6031908 597,977 487,788 110,189 *54,000 56.1891909 921,019 686,790 234.229 al12,379 sur.121,850• Interest has been paid only on first mortgage of 1899. a Includes
$58,379 int. on receiver's obligations and $54,000 Int. on first mtge. 1899.ROAD.-Operates 170 miles from Evanston through Waukegan. Keno-
sha and Racine to Milwaukee, including extension to Libertyville. Linefrom Evanston (where connection is made with Chicago) to Waukegan wasopened in Aug. 1899, and extension to Libertyville in Sept. 1903, and toRockefeller In March 1905; 38 miles additional to Zion City and Kenoshawere placed in operation Dec. 2 1905 and the line to Racine on Sept. 11906,Line opened to Milwaukee Oct. 31 1908. Practically all the road is builton private right-of-way and road is double-tracked throughout. Rails,65 and 85-1b. V. 67, p. 900.
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MAP MAP OF
CHICAGO RAILWAYS CO.
LINES
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26 ELECTRIC RAILWAYS L VoL. Lxxxxi.
OFFICERS.-Pres., A. C. Frost; V.-P.. Gordon A. Ramsay; Sec., PierreG. Beach; Treas., W. 0. Kliman: Gen. Mgr. for receivers, E. E. Downs.-V. 87, p. 96. 225. 936, 1237. 1476. 1477, 1532 1604, 1663; V. 88. p.99.158, 374, 504; V. 90, p. 372; V. 91, P. 518.
CHICAGO RAILWAYS CO.-An electric road. (See Map on page 2f,.)Receivership.-Owing to the judgment by Judge Bail in the Superior Court
of Cook County on May 18 1910, holding the company, as successor of theUnion Traction Co., liable for the latter's guaranty of prin. and int. on theChicago Consol. Trac. first mtge. bonds (V. 90, p. 1362), Judge Grosscup inthe U. S. Circuit Court on May 23 1910, on application of the WestinghouseElec. & Mfg. Co., appointed Henry A. Blair and John M.Roach receivers.See V. 90, p. 1424.
It is pointed out that the road Is solvent, and that the receivership wasmade in order to bring the case within the jurisdiction of the Federal courts,where the interests of the holders of the company's securities will be safe-guarded pending appeal of the judgment. The judgment, if affirmed,could not in any event prejudice the outstanding bonds of the ChicagoRailways. V. 90, p 1424. 1489ORGANIZATION.-Incorporated in Illinois in Oct. 1903 and on Jan. 25
1908acquired at foreclosure sale the property of the old Chicago UnionTraction, comprising the lines of the North and West Chicago Street RRs.The purchase was made under a modified plan of reorganization and read-justment dated Oct. 15 1907 and outlined in V. 85, p. 1269; see also p. 1576
Franchises.-On Feb. 5 1907 the City Council passed ordinances pro-viding for a settlement of the relations between the city and the streetrailway companies. V. 84, p. 338, 390. The franchises granted by theordinances expire Feb. 11 1927 and were approved at the popular electionheld April 2 1907.In the remarks concerning the Chicago City By. on a preceding page of this
publication will be found a brief summary of the main terms, requirementsand conditions of these ordinances. A very extended outline of the samewas printed in the "Chronicle" of May 11 1907, pages 1123, 1124 and 1125,to which the reader is referred for detailed information.The ordinance for the Chicago Rys. Co. provides that the valuation of the
properties acquired shall be deemed and considered to be $29,000,000 (thevalue fixed by a board of expert engineers acting for the city) plus $1,779,875for expenditures from the date of the valuation on June 30 1906 to Feb. 11907, making total valuation of properties as recognized by ordinance$30,779,875 as of Feb.1 1907. In Sept. 1910, with the further expendituresin the interval, amount was $56,534,120. V. 87, p. 677; V. 88, p. 504.
All expenditures for reconstruction and extensions are being made underthe direct supervision of a board of supervising engineers headed by Mr.Bion J. Arnold, and the company is required, under conservative restric-tions, to advance moneys for the construction of subways by the city.The expenditures for reconstruction and extensions, including any contrlbuttons for subways, after Feb. 1 1907 are to be added to the value of theproperties recognized by the ordinance, together with 5% of such expendt•tures for brokerage. As compensation for its services in construction,the company will receive an additional 10% of all expenditures for recon-struction and extensions, exclusive of amounts contributed for subways.The company agrees to lower and reconstruct the tunnels under theChicago River at Washington, La Salle and Van Buren streets. Theordinance requires through routing over certain lines of the ChicagoCity Ry. Co. and the exchange of transfers with that company. The linesof the Chicago City Ry. Co. cover what is known as the South Side of Chi-cago, and the lines of the Chicago Rwys. Co. the North and West Sides.
Right to Purchase by City.-Under the terms of the franchise, the companyhas agreed to waive all rights under previous grants, and has granted thecity an option to purchase all of its property for municipal operation atany time prior to the expiration of the 20-year franchise granted the com-pany by toe ordinance. The price to be paid by the city to be $30,-779,875, the valuation of the properties February 1 1007, as above men-tioned, plus all expenditures after that date for reconstruction, exten-lions and additions to the properties, including any amounts advanced tothe city for construction of subways in the downtown business district.In case the property shall not be purchased, as above stated, prior to 1927.the expiration of the present franchise, the city covenants that It will notthen grant a franchise to any other corporation for the operation of a com-peting system in the company's territory, unless such other corporationshall purchase the property of the company at said price. The city alsohas the option of requiring the company to sell its property to any otherlicensee corporation of the city, or to purchase the property itself for munici-pal ownership (with no requirement as to municipal operation) at any timeduring the life of the franchise; but in case of such purchase by the cityor a licensee, the price to be paid shall be 20% more than the price abovementioned; but the licensee shall not be required to pay the additional 20%if it shall agree to pay over to the city all profits in excess of 5% on theInvestment. In any event (1) the purchase price must be paid in cash anddeposited in national or State banks, each of which must have a capitaland surplus of at least $1,000,000,and must be approved by the company,and the first mortgage bonds of the company will attach to such cash as afirst lien In the event of such purchase; or (2) such purchase (if made withinsaid 20 years) must be consummated expressly subject to the lien of the 1stmtg. bonds, but if made at the expiration of said 20 years,the amount thereofmust also be so naid in cash.Compensation to City.-The company Is entitled to a straight 5-cent fare,
with universal transfers. In turn provision is made for special compensa-tion to the City of Chicago, but this compensation Is payable only out ofthe surplus earnings of the company after paying or providing for all op-erating expenses, including the charges for maintenance and depreciationprescribed in the ordinance, and 5% upon the valuation of the company'sproperty at which it may be purchased by the city for municipal operation,as above stated. Of the surplus earnings so remaining, the City of Chicagoreceives 55% and the company 45%.
Control by Trustees.-The trust Indenture securing the participationcertificates provides that until Aug. 11912, and to the full extent thereafterwhich may be permitted by law until all of the consolidated mortgage bondsof the company shall be fully paid and discharged, the directors of thecompany shall be elected by Messrs. A. C. Bartlett, Chauncey Keep, CharlesH. Huiburd, Albert A. Sprague and Charles G. Dawes of Chicago, and iro-vision is made in the trust deed securing the 1st mtge. bonds for the appoint-ment of a permanent finance committee, composed of Messrs. Henry A. BlairChauncey Keen and B. A. Eckhart of Chicago.
Contract for Power.-On July 30 1909 the company reached an agreementwith the Commonwealth-Edison Co. for power for a period of 6 years fromFebruary 1908. V. 89, p. 348.
Wages.-On Sept. 16 1909 the company's men, who had made a demandfor higher wages and threatened to strike, voted to accept a compromiseagreement running for 3 years, providing for 28 cents an hour for first year,29 cents the second and 30 cents the third year. V. 89, p. 720.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, 3100,000See text. See text.1907 5- FA $25,000,000 Feb 1 1027
First mortgage (see text) - _ Int. at Harris Trust & Savings Bk.. Trustee.($1,000) goldc&rt or at N. W. Harris & . New York
Consol mtge, $39,794,000, gold 1907 4-5% See text Feb 1 1927Collateral notes, 35,000,0001 1908 6 F-A 4,776,000 Feb 1 1.)($1,000) gold c'J Union Trust Comparw Chicago, Trust p
Collateral notes 3500 000 1908 5 F-A 498 000 191.iStock.-The capital stock of the company, which is Issued in the nominal
amount of $100,000, has been made the subject of a trust agreement, datedAug. 1 1907, and executed Jan. 25 1908, by and between the Chicago Rail-ways Co. and Messrs. Adolphus C. Bartlett Chauncey Keep, Charles H.Hulburd, Albert A. Sprague and Charles G. Dawes, as depositaries, andCentral Trust Company of New York, as custodian. Under this agreementthe stock serves as a basis for the issue of the participation certificates,representing In all 265,100 equal parts. Series 1 consists of 30,800 parts.Series 2 of 124,300 parts, Series 3 of 60,000 parts and Series 4 of 50,000 partsSeries 1, 2 and 3 are entitled, in the order of priority named, to cumulativedividends of $8 for each part, beginning with year ending Aug. 11908, and inthe distribution of capital to $100 for each said part. Series 4 is entitledto any remaining profits or capital distributed. V. 85, p. 1269.
Dividends on participation certificates Series 2 are limited to $4 on eachcertificate so long as more than 50% of Series C bonds remain outstanding,and thereafter to $5 per certificate until the remainder of Series C bondshave been redeemed. Series 2, however, is entitled to unpaid accumulational account of its $8 per certificate (beginning with the year ending Aug. 11908), but only when earned, and after payment of all accumulations ofsinking fund and of dividends on Series 1.Bonds.-First mtge. bones are issued only to provide funds for rehabili-
tation, extensions, &c. They may be redeemed at par and accrued interest
on any interest day. The bonds have a first lien on the entire property,rights and franchises of the company. The authorized issue is limited tothe aggregate of the amounts anproved from time to time by the board ofsupervising engineers. See full particulars of bonds, property, ecc., inV. 86, p. 545; V. 88, p. 1436, 1619; V. 90, p. 302.The consolidated mortgage consists of Series A for $18,600,000, Series B
for 317,194,000 and Series C for $3,343,049 (originally $4,000,000, butreduced to this amount by sinking fund), making $39,137,049 together.Series C bonds have sinking fund of $250,000 ner annum. If earned. begin-ning Aug. 1 1908, but cumulative until paid. Of the Series A bonds,$9,334,800 are outstanding in hands of public, $6,767,200 are depositedas collateral for the $5,000,000 6% 5-year "collateral' notes and $1,666,000for the 5-year 6% $1,200,000 "funding notes:" also $832,000 as security for$498,000 5% notes. See particulars V. 86, p. 1223. Of Series B bonds,$16.910,575 are outstanding, $253,900 are in treasury and $29,525 are re-served. Of Series C bonds, $2,889,354 are outstanding, $116,006 in treas-ury and $337,689 are reserved. Bonds of three series bear interest at 4%until Feb. 1 1912 and 5% thereafter, but bonds of Series A, held by trusteesof notes, bear full 5% from date of Issue. The $5,000,000 "collateral"notes and $1,200,000 "funding" notes are redeemable on Feb. 1 1911 or anyInt. date threeafter at par & Int. The $500,000 coll. notes are not redeema-ble.DIVIDEND.-An initial dividend of 4% was paid Nov. 15 1908 on
Series 1 participation certificates. On Sept. 1 1909 8% was paid on Series 1certificates.ROAD.-Comprises 317.33 miles of track, serving the North and West
sides of the city exclusive of mileage of Chicago Consolidated Traction.EQUIPMENT.-In Sept. 1910 more than 1,300 double-truck cars, of
which 750 are new "pay-as-you-enter" cars, were in operation. Of old-style double-truck cars, 328 are being remodeled into "pay-as-you-enter"cars and 250 additional "pay-as-you-enter" cars are under construction,and will be placed In operation at the rate of 50 a month beginning June 151910. Up to Sept. 1910 100 had been delivered.REPORT.-The annual report for year ending Jan. 31 1010 will be found
in V. 90, p. 1099. Passengers carried during year ending Jan. 31 1910,427,138,380, of which 245,510,655 were revenue, 4,303,145 free, 177,324,580transfers.
Income Account for Years ending Jan. 31.Gross 30% of Int., 5% Balance -Of Which to--
Income. Gross. on Inv. Divisible. City,55% .Co 45%1909-10.312,442,882 33,732,864 32,275,718 31,457,146 $801,430 $655,7161908-09. 11,037,071 3,311,121 1.739,684 1,571,437 864,290 707,147Income Statement (Non-Partnership Account) for Years ending Jan. 31,
• From these amounts payments of 8% in 1909-10 and 4% in 1908-09were made to the holders of participation certificates, Series 1.OFFICERS.-Chairman Board of Directors, Henry A. Blair; Pres., John
M. Roach: V.-P., Wallace Heckman; Sec., F. L. Hupp; Treas., M. B.Orde.INDEX.-V. 87, p. 677, 1010, 1159, 1237, 1299, 1357, 1419, 1532; V.88,
p. 52, 99, 158, 294, 374, 451, 504, 819, 1124, 1436, 1619; V. 89, p.159.295, 348, 720; V. 90 p. 302. 446, 559, 1099, 1362, 1424, 1489.295, 348, 720; V. 90, p. 302, 446, 559, 1099, 1362, 1424, 1489; V. 91, p. 716.
CHICAGO CONSOLIDATED TRACTION.-Electric road.In a suit of the Chicago Consol. Trac. gen. mtge. bondholders, Judge F. Q.
Ball, in the Superior Court at Chicago, May 18 1910, held the Chicago Rys.Co. liable for Chic. Union Traction's guaranty of the bonds. V. 90, p. 1362.A bondholders' committee, T. R. Beardsley, Sec., 59 Cedar St., N. Y., hasbeen formed. V. 91, p. 517. In June 1910 Chic. Rys. Co. submitted aplan to purchase all the properties of the Chic. Consol. Trac. system, freeand clear of existing encumbrances, provided necessary franchise ordinanceshall be passed. See outline of plan in V. 90, p. 1613; V. 91, p. 37. As tothe proposed ordinance expected to be acted upon by the Chic. City Councilon Oct. 3 1910, whereby the Chic. Railways will acquire the Chic. Consol.Trac. and rehabilitate the same, see V. 91, p. 462, 517. On Aug. 23 1910Bion J. Arnold and Geo. Weston placed the aggregate valuation of the Chic.Consol. Trac. at $3,968,539. V. 91, p. 517. On July 29 1910 ProbateCourt Judge Cutting at Chicago declined to permit the deposit of the Yerkesestate's $4,500,000 bonds under the reorganization plan. V. 91, p. 336.For decision in the controversy between bondholders of Cicero & ProvisoSt. By. and Chic. Rys. see V. 91, p. 37, 214.BONDS- Date, Interest. Outstanding. Maturity.
First mortgage, gold, 364 1899 4 J-D $6,750,000 Dec. 1 1939750,000 1Central Trust Co., N. Y. (new), trustee.The bonds for $6,750,000 were guaranteed, principal and interest, by the
Chicago Union Traction. The Chicago Consolidated Traction when It wasorganized assumed the bonds of the constituent companies (which It agreedto guarantee) and also the lease of the Chicago North Shore Street Railway,under which 6% dividends were paid on the $650,000 stock of the latter.For details of securities of Chic. Consol. Trac, subsidiaries see "ElectricRailway Section" of Oct. 16 1909, pages 25 and 26.EARNINGS.-For earnings of Chic. Consol. Traction Co. by divisions
for month of Aug. 1909, see V. 89, p. 1279.REPORT of Chicago Consolidated Traction for years ending Aug. 31
Net earnings $399,993 $246,614 $283,401 $519,150Other Income 2,830 82,614 82,452 82,881
Total income $402,823 $328,661 $365,853 $602,031ROAD -The property embraced in the constituent companies consists
of 184.814 miles of single-track electric street railway, located in the City ofChicago, the township of Cicero and the city of Evanston, all in CookCounty. The lines extend over the entire north, northwest, west andsouthwest sections of the City of Chicago, and connect at their respectiveterminal points with the lines of the Chicago Railways Co., over whichpassengers are carried originating on the lines of the Consolidated Traction,and vice versa.
Rails are Johnston-girder, 75 to 85-lbs.•, gauge, 4 ft. 854 in.EQUIPMENT.-120 box motors; 126 open motors; 3 box trail; 47 open
trail.-V. 90, p. 1613, 1675; V. 91, p. 37, 153, 214, 336, 462 .517
CHICAGO & OAK PARK ELEVATED RI'.Proposed Merger.-For proposed merger with other Chicago elevated
roads see V. 90, p. 1240, 1676; V. 91, p. 336.ORGANIZATION.-This company was incorporated in New Jersey on
April 22 1904 to hold the securities of the Chicago & Oak Park ElevatedRailroad Co., formerly the old Lake Street Elevated RR., reorganized perplan in V. 77, p. 1874; V. 78, p. 1392. Besides $9,149,642 stock and 3864.-100 income bonds, also holds $1,608,500 notes of the Chicago & Oak ParkElevated Railroad Co. Issued by that company for loans made to it by theRailway Co. The old Lake Street $10,000,000 of common stock paid anassessment of $2 per share, and received $4 in new pre (erred and $40 in newcommon stock for each share of old stock. Income bondholders received80% in new preferred stock.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $6,000,000 (3100) _ $5,659,300 Pref, $3,200,000, 5 % n-c,(3100) 3,030,900 Lake St El 1st M, 35,000,000,t 1893 5 J-J 5 000,000 July 1 1928guar by N W El American Trust & Say Bank, Chicago, and
Central Trust of Illin )1s, Chic.. Trustees.Deb note (C&O P El RR) . 1904 2 ' 380,000 See text.Notes payable Dec 311009 1,025.523 Bonds.-First mortgage bones assenting to reorganization were stamped
subject to call at 105 and interest on any interest date. The debenturenote was Issued by the Chic. & Oak Park Bl. RR. for the claim of the NorthWestern Elevated RR., amounting to $770,085, and is guaranteed by theChic. & Oak Park El. Rib; it became due Jan. 1 1909 but has been extendedon demand. The old income bonds, with the exception of about 3140,000,are held in the treasury of the railway company.
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ROAD.-Owns a double-track elevated railway from Fifth Avenue andLake Street to 52d St. and Lake St., with spur down Market St. to MadisonSt. Connects with Suburban RR. for traffic outside the city. V. 65,p.236.Trains began running around the loop in Oct. 1897. Chic. & Harlem formsan extension comprising 4 miles more of double track. Total single track,22 miles.REPORT.-For years ending June 30 for Railroad Co.:
Total income $308,443 $332,865 $365,389 $385,016Fixed charges 450,735 438,054 429,334 425,072
Balance def.$142,292 def.$105.189 def.$63,945 def.$40,055OFFICERS.-Pres., Redmond D. Stephens; V.-P., Kenneth K. McLaren,
Sec. and Treas.. William V Griffin. 1117 Merchants Loan & Trust Bldg.;Chicago.-V. 84. p. 218, 569, 996; V. 86, p. 337.
---LOOP ROAD.--See Union Elevated.
METROPOLITAN WEST SIDE ELEVATED RV.-An electric road.Proposed Elevated Merger.-For proposed merger with other elevated
roads, see V. 90, p. 1240, 1676; V. 91, p. 336.ORGANIZATION.-Organized in Illinois Jan. 16 1899. Successor on
Feb. 3 1899 (per plan in V. 67 p 126) to the Railroad Co. sold under foreclosure on Jail. 4 1899. In July 190$ refused to accept city ordinance permitting it to carry express matter and milk. V. 81, 0. 508. Franchiseexpires Ai r. 7 1042. VotinT tr, st expired Feb. 1 1904. V.78. p. 343.STOCK AND BONDS- Date. Interest. Outstand'g. MaturIty.cfec.
gold _c*) Cent. Trust Co., N.Y., and G. Sherman, Tr.(interest at Cent. Trust Co., N.Y. and Chic
Ext. mortgage, 65,000,000 1901 4 g J-J 4,033,000 July 1 1938($1,000), gold, red at 105 Northern Trust Co., Chicago, Trustee.on any interest day on 4 Interest at company's office in Chicago, orweeks' notice c* Central Trust Co., New York.
Col gold bonds ($1,000).1 1906 5 g A-0 250,000 See textSee r, marks 'Int. at Merch. Loan&Tr. Co., Chic., TrusteeThe extension mortgage of 1901 covers the extension as a first lien,
also 68 cars, a 3,500 H. P. engine and the new down-town terminal; thebonds also cover the rest of the property as a second lien, subject to the$10.000,000 first intvx. V. 72, p. 1080; V. 73, p. 29; V. 86, p. 1160.The collateral bonds of 1906 are payable serially, $50,000 each six months
from April 1 1907 to Oct. 1 1912; total issue was $600,000, but $50.000matured semi-annually from April 1 1907 to Apr. 1 1910, Inclusive. Theyare secured by a deposit of first mtge. extension bonds at the rate of $75,000bonds for each $50,000 of present issue. They are redeemable on any int.day on 30 days' notice at 101 and interest. V. 84, p. 1114.Has guaranteed $407.000 bonds of Union Consolidated Elevated.
REPORT.-Fiscal year ends Dec. 31. Report for year 1909 will befound in V. 90, p. 499.
Balance sur.$348,918 sur $261,415 sur $391,785 sur.$379,270DIVIDENDS.-First dividend on pref. stock. 234% Feb. 28 1900 (out
of earnings for year ending Feb. 28 1900); then 2% Aug. 31 1900; 1 34 %Feb. 1901; Aug. 31 1901. 2%; Feb. 281002, 1%; Aug. 30 1902, 1 %;Feb. 28 1903. 1 % %; in 1907. March 30, %; June 29, 34 %: Sept. 30%; none to March 1910 when 34% (Q.) was paid; June, X %; Sept., X%ROAD.-From terminal station at 5th Ave. westerly about 65-1 miles,
with branches; total length of road (including Douglas Park branch andextension and Garfield Park branch), 18.49 miles; tile first 1.67 miles arefour tracks, tile rest two tracks, making single-track miles 40.14; also leasesthe Union Elevated, 0.38 mile, the Union Consolidated Elevated RR., 4miles, and leases 3.3 miles from Aurora Elgin & Chicago RR. Total oper-ated 50.5 miles of track, exclusive of side tracks. Right of way is ownedin fee. Equipment Jan. 1 1910 consisted of 225 motor cars, 179 coachesand 83 control-coaches and 17 miscellaneous. Gauge. 4 ft. 8 % in.On March 11 1905 the cars of the Aurora Elgin & Chicago fly. begak
operating over this company's lines to the 5th Ave. terminal under a trafficagreement, the Met. West Side, In turn, securing the right to the territorywest of the 52d Ave. terminal on the Garfield Park line as far as the DesPlaines River, about 3.3 miles double track. V. 79, p. 1704.OFFICERS.-Pres., B. I. Budd; V.-P., Howard G. Hetzler; Sec. and
Treas., Paul D. Sexton; Asst. Sec. and Asst. Treas., NV. F. Holtz; Aud.,T. B. MacRae. Office, 169 Jackson Boulevard, Chicago.-V. 88, p. 375.449, 1313; V. 80. p. 1668; V. 90, p. 54, 236, 499, 1676; V. 91, p. 336.
NORTHWESTERN ELEVATED RR.Proposed Merger of Chicago Elevated Lines.-Negotiations were resumed
In 1910 looking to the merger of the four elevated roads. See V. 90, p. 1240,1676; V. 91, p. 336.ORGANIZATION.-Road was formally opened for business on May 31
1900. V. 70, p. 1049In Sept. 1001 the Union Elevated RR. was acquired. The new mortgage
for $25,000,000 was authorized for this purpose and for refunding the 5%bonds and for extensions, &c.An additional $3,00u,000 of these bonds was issued in Aug. 1906 to pro-
vide for the Ravenswood extension, and authorized amount of preferredstock was increased to $25,000,000 to provide for convertible feature ofnew bonds. See V. 83 p. 436.STOCK AND ONS- te utstanding. Maturity.
Stock, $5,000,000------- -------------85,000.000Pref stk,5 %, $25,000,000_ Q-f 18 5,000,000 Oct18,'10.1%First refunding mortgage,) 1901 4 g M-5 18,000,000 Sept 1 1911$25,000,000, cony, gold }Interest at Illinois Trust & Savings Bank,($1,000, $5,000, 810,000)-1 Chicago, Trustee, or Blair & Co., N. Y.Bonds.-Of the new $25,000,000 mtge., present issue is $18,850,000, of
which $350,000 remains in the treasury available for improvements, &c.The new bonds are convertible at the option of the holder into preferred
stock, and can be redeemed at any time at the option of the company at10234 and accrued interest on or after Sept. 1 1906. If called for redemp-tion, the holder will have the right even then to take preferred stock inlieu of cash. V. 72, p. 1081.
Voting Trust.-Both the common and preferred stocks have been depos-ited with the Illinois Trust & Savings Bank, depositary, under voting trustagreement, vesting control of the company in the hands of the voting trust-tees, consisting of John J. Mitchell, Chauncey Keep and James A. Blair,until March 1 1906, or until dividends shall have been paid for three con-secutive years on preferred stock.
REPORT.-For years ending June 30 (including Union Elevated) see"Chronicle" of Oct. 1 1010. Passengers carried in 1909-10, .12,815,132,against 40,955,795 in 1908-00 and 37,419,286 in 1907-08.
Dividends.-An initial div. of 1% was paid on pref. Oct. 18 1909; in 1910Jan., 1%; April, 1%; July, 1%; Oct., 1%.ROAD.-The road starts at the intersection of Wilson and Evanston
avenues, 7 miles from the Court House. and has 5.52 miles of four-track.and .92 mile double track, making 23.92 miles of single track. Right ofway is all owned in fee except at street crossings. An extension of 4.59miles of double track to Ravenswood was put in operation in May 1907.Total track, 31.10 miles.Under an operating agreement with the Chicago Milwaukee & St. Paul
Railway Co. made in 1907, this company's service was extended May 161908 to Evanston over the Evanston Division of the former road, whichhas been electrified. All track operated (all lines except loop), June 361909, 51.27 miles.OFFICERS.-Pres.. Mason B. Starring; V.-P., Clarence Buckingham;Sec. and Treas., W. V. Griffin; Gen. Mgr., E. C. Noe; Aud., R. H. Williams.Directors.-Clarence Buckingham, J. L. Cochran, W. V. Griffin. Chaun-
cey Keep, Charles F. Ayer, Mason B. Starring. W. W. Miller, SeymourMorris and Samuel McRoberts.-V. 87, p. 810, 1534; V. 88, p. 507, 686,1128; V. 89, p. 287, 1142, 1278; V. 90, p. 1171, 1240; V. 91. p. 791.(1) Union Elevated Railroad.Is used by all the Chicago elevated roads, and receives % % for each
passenger carried, besides all expenses for operating, repairs and taxes.BONDS- Date. Interest. Outstanding. Maturifil •1st mtge, $5,000,000,g($1,000) 1895 5 g A-0 $4,482,000 Oct 1 1945Interest at Chase Nat. Bank, N. Y., and Ill. Trust & Say. Bank, Chicago.Bonds.-Of the $5,000,000 bonds Issued, $518,000 are in the treasury.ROAD.-The loop is 1.98 miles in length, double tracked (80-lb. rails).and runs on Lake St. to Wabash Ave., to Van Buren St., to Fifth Ave., to
Lake St. Road opened Oct. 10 1897. Trains of the Chicago & Oak ParkMetropolitan West Side. Northwestern Elevated RR. and South Sideoperate over the loop. Northwestern Elev also owns .18 mile of doubletrack from connection with loop at Van Buren ec State streets to connectionwith South Side El. RR., which is leased to the latter.
SOUTH SIDE ELEVATED RR.-(` Alley Elevated")-An electric ele-vated road.Proposed Elevated Merger.-See V.90, p. 1240. 1676, and V. 91, p.336.ORGAN IZATION.-Successor January 1897 to Chicago & South Side
R. T. flit. (foreclosed per plan V.63, p. 1158). July 311000 the AppellateCourt sustained the validity of the foreclosure (V. 71, p. 236), and on Feb.21 1902 that decision was concurred in by the State Supreme Court. V. 74,p. 477. Franchise expires March 28 1938. Leases the Chicago JunctionRR.. which see below.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
810,323,8f10 Q-M $10.231.400 Sept30'10.1st mortgage, $8,000,000, g1 1904 434 g J-J 8,000,000 Dec 31 1924($1,000) c*JInt. at Ill. Tr. & Say. Bank, Chic., Trustee.Bonds.-Are subject to call at 105 and Interest.Dividends.-First dividend of 1 % (out of earnings for four months ending
April 30 1899) was paid May I 1899; then Sept. 1, 1%; Dec. 30 1%. In1900, 3%. In 1901, 334%. In 1902 to 1907, inclusive, 4% yearly. In1908, Mch., 4%; none until June 1910, when %% was paid; Sept. MO .ANNUAL REPORT.-For years ending Dec. 31 1909, report In V.
00, p. 367. Passengers carried in 1909, 42,722,624.1909. 1908. 1909. 1908.
Gross receipts $2,234,973 $2,241,690 Surplus $257,938 $234,004Net, aft. taxes 711,018 670,624 Dividends 76,722Interest *453,080 *436,620 Bal. for year__ 257,938 157,282• Includes In 1909 $93,080 and in 1908 $76,620 rental paid to Chicago
Junction By.ROAD.-Owns elevated road in operation in Chicago upon a purchased
right of way from Congress St. to Jackson Park. Electricity was Introducedas motive power late in April 1898. Operates 370 motor and 30 trail cars.['lie extension to Englewood and the Lake Ave. extension are now bothbeing operated. On 15.07 miles of structure has a total of 36.51 miles ofsingle track, including extensions. Also leases Chicago Junction RR.,which see below.OFFICERS.-Pres. and Gen. Mgr., Charles Valentine Weston; V.-P..
Noble B. Judah; See. and Treas., Horace F. Hardy. Office. 47 CongressSt., Chicago.-V. 88, p. 296, 371; V. 90, p. 304, 367, 373, 978, 1426.
(1) Chicago Junction RR.ORGANIZATION.-Organized in the Interest of the South Side Elevated
RR. to build lines to connect that company's track with the Stock Yards.Only a nominal amount of stock has been issued ($50,000), which is held intrust for the South Side Elevated in case that company should at any timewish to absorb it. Is leased to the South Side Elevated for 50 years (withright to purchase at cost within 20 years), rental being interest on bonds,taxes. &c. Franchises are without limit.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock See text.1st mtge, 82,327.000, goldl 1905 4 g M-S $2,327,000 Mch 1 1945($1,000), guar p & I_c*f First Trust & Say. Bank, Chicago, Trustee.Bonds.-Are subject to call at 105 and Int. In event of consolidation with
South Side Elev., this issue of bonds is to be retired. V. 80, p. 871. Bondsare guar., p. & I., by Chic. June. Rys. & Un. Stk. Yds, Co. See V. 82, p.568.ROAD.-Consists of an elevated road (from junction with South Side
"L" at 40th Street) to the Stock Yards, and a loop around the same, 3.75miles. Was completed in May 1908.OFFICERS.-Pres., John A. Spoor; V.-P., Richard Fitzgerald; Sec.,
H. E. Poronto; Treas., R. B. Thompson; And., C. C. Chace.-V. 87, p. 346.
SUBURBAN RAILROAD.-A trolley road.ORGANIZATION.-Incorporated under laws of Illinois May 1895.RECEIVER.-On July 30 1902 L. S. Owsley was appointed receiver.
Interest on bonds being in default. V. 75, p. 241.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
gold 'Chicago Title & Trust Co., Trustee.Of the $3,000,000 bonds authorized, 81.250,000 were issued to build
the road owned and td equip a portion of the leased lines with trolley.The remainder may be issued for extensions built and equipped at $50.000per mile for double and $30,000 per mile of single track.ROAD.-Owns 29.8 miles of track, extending from terminus of Chic.&
Oak Park Elev. at 52d St. and Metropolitan Elev. at 48th St.. through cityof Chicago, Cicero, Grossdale, La Grange, &c. Leases from the ChicagoTerminal Transfer RR. (for 50' years) the Chicago & Southwestern road toHarlem race track, Austin, Ridgeland, Oak Park, &c.. 10 miles of track.Also operates of a mile of double track of the Chicago Riverside & LaGrange 1212. Total track operated, 32.3 miles, all trolley. except C. & S.W.tracks along West 16th and 19th streets.OFFICERS.-Pres.. F. H. Roeschlaub; V.-P., C. E. Yerkes; Sec. and
Treas., G. M. Maher; Supt., J. Whitsell.-V. 75, p. 241.
UNION CONSOLIDATED ELEVATED RI%ORGANIZATION.-Formed in 1896 and built from Union Elevated at
5th Ave. west to Market St.; thence to the Metropolitan W. S. Bi.; total.1-5 mile of track; is operated by the Metropolitan West Side El. Franchiseexpires Oct. 7 1945.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock $1,000,000 Series "A" 1st mtge, gol 1896 5 g M-N 453,000 Nov 1 1936gu p & 1 by Met W S El_ __ G. Sherman, V.-P., Cen, Tr. Co., N. Y.,Trus.Mortgage $1,000,000, of which $500.000 series "A." V. 63, p. 1065.OFFICER.-Pres., Wm. G. Adams; V.-P., Clarence A Knight; Sec.
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28 ELECTRIC RAILWAYS VOL. Lxxxxi.
STOCK AND BONDS— Date. Interest. Outstanding. Maturity.Common. $1,250,000 ($100) $979,500Pt. 5% cum. $1,250,000 ($100) 925,500 First mortgage. $600,000, 1 1905 5 g J-J 600,000 Jan. 1 1912
gold c*fInt. at Union Say. Bic. & Tr. Co. Cln.. Trus.Second mtge notes $250,000J ____ 5% 87,100 July 1 1912
1Int. at Union Say. Bk. & Tr. Co., Cincinnati.Bonds.—The denomination of the first mortgage bonds are respectively:
6 $50.000; 30 $5,000; 100 $1.000; and 100 $500. They can be called atany time at par. Bonds originally matured July 1 1909. but were extendedfor 23-s years. V. 89, p. 102, 720. Second mtg. notes may be called atany time.
ROAD.—Operates 54 miles of track between Cincinnati and Hillsboro,pig In omp ete operation in Feb.. 1906. Standard gauge. 70-lb. T rail.
OFFICERS.—Pres.. H. H. Hoffman; V.-P.. Lewis Seasongood; 2d V.-P.,henry Burkhold; Sec. & Treas., Harvey J. Gibson; Mgr., Dan Reidel Jr.—V. 76, p. 971; V. 80, p. 1234;V. 85, p. 220, 599; ,V..89, p. 102, 720.
CINCINNATI GEORGETOWN & PORTSMOUTH RR.—Steam andelectric.ORGANIZATION.—Formerly a narrow-gauge steam road, but in Oct.
1901, was purchased by A. W. Comstock of Detroit, and in 1902 changedto standard-gauge. Now operates by both electricity and steam. UnderOhio law remains a steam road. Franchises perpetual.
STOCK AND BONDS-- Date. Interest. Outstanding. Maturity.Stock, $1,500,000 $1,500,000 1st mtge.. $1,000,000 goldl 1902 5 g J-J 1,000,000 Jan. 1 1932($1,000) c*j Int.at Union Sav.Bk.& Tr.,Cin.,Tr. • & in N.YEARNINGS.—For year ending June 30 1910, gross, $174,631; net
$45,382; Int. and taxes, $37,493; surplus, $7,889.
BOAD.—Operates 4 miles from Cincinnati southeasterly to Russell-ville Including branches of 3.5 m. to Batavia and 1.5 m. to Coney IslandAn extension of 16 miles to West Union is under construction. TheFelicity & Bethel, which is controlled in the same interest. operates 8.5 m.of track between the points named in Its title. Has 22 electric passengercoaches. 4 steam nassemzer coaches 40 freight cars and 9 locomotives.OFFICERS.—Pres., Henry A. Haigh; V.-P., W. J. Thompson; Sec. &
Treas., A. L. C. Henry, Detroit, Mich.; Gen. Mgr., E. W. White.—V. 83,p. 322; V. 87, p. 543.
FELICITY & BETHEL RR.ORGANIZATION.—Incorporated In Ohio in 1904, and Is owned in the
Interest of the Cincinnati Georgetown & Portsmouth.
STOCKS AND BONDS— Date. Interest. Outstanding. Maturity-Stock, $165,000 ($100) $165,000 1st mortgage, $100,000, g.1 1905 5 g A-0 100,000 Oct. 1 1935($1,000) not callable__ __c*j Int. at Union Say. Bk. & Tr., Cincin.. Trust.ROAD.—Operates 8 A miles of track between Felicity and Bethel,stan•
dard gauge, 60-1b. T rails. Is operated by electricity for passengers and bysteam for freight.OFFICERS.—Pres., Henry A. Haigh; V.-P., W. J. Thompson; Sec..
J. C. Glnnings; Treas. and (len. Mgr., E. W. White.
CINCINNATI LAURENCEBURa & AURORA ELECTRIC STREET RR.—A trolley road.ORGANIZATION.—Incorporated in Nov., 1898. The Union Savings
Bank 63 Trust Co. of Cincinnati sold $750,000 of the bonds In Jan. 1901,and an advertisement stated that no dividends would be declared on thestock for five years, so as to create a surplus fund available for bettermentsand extensions. See V. 72, it. 136 In May 1904 capital stock was in-creased from $750,000 to 51,000,000 by the authorization of $250,000 6%cumulative pref. stock, the proceeds to be used for betterments. Franchisesexpire in 1924 and 1925.STOCK AND BONDS— Date. Interest. Outstanding. Maturity.
$1.000,) gold /Interest at Un. Say. Bk. & Tr. Co., Ctn., TrDividends.—olvidends of 6 % on pref. stock were paid up to and including
July 1906. None since.---
EARNINGS.—For year ending June 30 1910, gross, $131,874; net,$52,086; fixed charges, $44,531; surplus, $7,555.ROAD.—Operates 38 miles of track from Anderson's Ferry, at Mein.
natl. to Aurora, Harrison and Lawrenceburg.OFFICERS.—Pres., J. C. Hooven, Hamilton, 0.• Treas. and Gen. Mgr..
C. E. Hooven; Aud., E. 11. Gumpf.—V. 78, p. 2011% 2383.
CINCINNATI MILFORD tc LOVELAND TRACTION CO.ORGANIZATION.—Incorporated In Ohio in Sept., 1902. and purchased
franchises and rights of the Cincinnati Milford & Eastern Traction Co.
STOCK AND BOND— ate. Interest. Outstanding. Maturity.Com., $1,900,000 ($100)----- -..__$1,000,000 Pref., $600,000, 5% cum_ 640,425 No div. yet1st mortgage, 1500,000, gl 1905 5 g J-J 377,500 July 1 1025($500) c*IInt. at Prov. Say. Bk. & Tr. Co., Cin. Trust.Banas.—Are subject to call at any time at 110. See V. 81, p. 264.
ROAD.—Will operate 41 miles of track from Cincinnati to Loveland andfrom Cincinnati to Blanchester. Gauge, 5 ft. 2 in.; 70-1b. rails. The lineto Milford and Blanchester, 38 miles, Is now in operation. Enters Cincinnett over the tracks of the Cincinnati Traction Co.OFFICERS.—Pres., 13. H. Kroger; V.-P. and Treas., J. P. Peurrung
Sec., J. Nevin Roberts; And., Charles J. Peurrung.—V. 81, p. 264
INTERURBAN RY. & TERMINAL CO.—A trolley road.ORGANIZATION.—Incorporated in Ohio on Nov. 3 1902, and is a con
solldation of the Cincinnati & Eastern Electric Ry.. the Rapid Railway Co.and the Suburban Traction Co. In July 1907 obtained authority to issue$1,000,000 pref. stock, of which $900,000 was in exchange for an equalamount of 1st mtge. bonds dated 1903. V. 85. p. 221, 469. The 1903bond issue has been entirely canceled. In 1908 a new mtge. made, as below.
STOCK AND BONDS— Date. Interest. Outstanding. MaturityCommon. $2.500,000 (5100). $2,500,000 Pref., $1,000,000151001, 5 %_ 1.000,000 First mortgage, $1,650,000,1 1908 5 J-J See text 1928
gold JInt. at Cincinnati Trust Co.. Trustee.
Bonds.—Of the $1,650,000 1st mtge. bonds, a small portion has been sold;the remainder is being used as collateral to loans. After the payment ofthe loans it Is estimated $1,235,000 will be outstanding, leaving $415,000in the treasury.EARNINGS.—For calendar year 1900, gross, $304,641. In 1908, gross,
$299.433.ROAD.—Comprises 22 miles of track between Cincinnati and New Rich-
mond, 33 miles between Cincinnati and Lebanon and 28 miles from Cincin-nati to Bethel. The latter section was leased in Aug. 1906 to the UnionGas & Electric Co. of Cincinnati, but lease canceled Aug. 31 1907. Gauge,5 ft. 214" in. Also owns terminal station on Sycamore St., Cincinnati.Cars enter Cincinnati over the tracks of the Cincinnati Traction Co. 70-lb.and 97-1b. T rail. Total track, 101.4 miles, all operated.
OFFICERS.—Pres., Chas. E. Davis; V.-P.. Lee H. Brooks; Sec. andTreas., J. M. Hutton.—V. 85. p. 221, 469; V. 86. p. 285.
OHIO TRACTION CO.Controlled by the Schoepf-McGowan syndicate.
ORGANIZATION.—Incorporated in Ohio on May 22 1905, and ownspractically the entire capital stock of the Cincinnati Traction Co.. the Cin-cinnati Zoological Co. and the Cincinnati Car Co., besides extensive huldingsIn the Cincinnati ttc Hamilton Traction, and a large interest in the coin. andpreferred stock of the Cincinnati Dayton & Toledo Traction Co. On July 61905 lease of the Cin. & Hamilton Tract Co. was assigned to this companyby the Cin. Interurban Co. and the latter company placed in liquidation.This company also acquired the property of the Traction Building Co.,which went Into liquidation.STOCK— Date. Interest. Outstanding, Last Die.
Common, $10,000,000 ($100)- $7,500,000 Nov'09, 1%ef.. 510,000,000 5% CUM Q-F 8.500,000 Aug '10, 14%Stook . —Further !sates of stock can only be made for acquirement of
r properties and additions to the present properties.
Dividends.—First dividend on pref. stock-1 %—was paid Aug. 11905; 1 % has been paid quarterly since to and including Aug 1910. Oncom., 1st div.-1%—paid Nov. 1 1909.OFFICERS.—Pres., W. Kesley Schoepf; V.-P., J. B. Foraker Jr.; V.-P.
and Gen. Mgr., Dana Stevens; Sec., Walter A. Draper; Asst. Sec., D. JDowning; Treas., H. L. Sanders; Comp., W. H. MacAllister; Aud., A. LKasemeler.—V. 89, p. 1142.
(1) The Cincinnati Traction Co.ORGANIZATION.—Incorporated in Ohio on Feb. 19 1901 with an
authorized capital stock of $2,000,000 (which, all except 11 shares. Isowned by the Ohio Traction Co.), to take over under lease the CincinnatiStreet By. Co. See V. 72. p. 391.NOTES— Date. Interest, Outstanding. Maturity.
Equipment notes 5360,0001 1910 5 g J-J $360 000 See text.gold ($1,000) c* lint. at Fidelity Trust Co., Phila., trustee,Notes are guar., p. & I., by Cin. Trac. Co. and are a 1st mtge. on 100 new
cars. Notes mature $18,000 every 6 mos. from Jan. 1 1911 to 1020 incl.V. 91, p. 154.REPORT.—For 12 months ending Dec. 31 1909, gross, $4,731,731; in
1908, gross, $4,428,278; in 1907, gross, $4,450,225.ROAD.—The Cinn. St. Rwy. comprises 220.97 miles of track in the city
of Cincinnati, Ohio, extending also to adjoining suburbs. The last cableline was converted to electricity in June 1902, Gauge, 5 ft., 23-s In.OFFICERS.—Pres.. W. Kesley Schoepf; Chairman Executive Com.,
W. Kesley Schoepf; V.-P., J. B. Foraker Jr.; V.-P. and Gen. Mgr., DanaStevens; Sec., Walter A. Draper; Asst. Sec., D. J. Downing; Treas., H. L.Sanders; Comp., W. H. MacAllister; Aud., A. L. Kasemeler; Asst. Gen,Mgr., T. Fitzgerald; Gen. Supt. R. E. Lee; Chief Eng., Thos. Elliott;Purch. Agt., C. Buckmyer.—V. 91, p. 94, 154.
(a) Cincinnati Street Rail way.—Electrio.Was leased on Feb. 21 1901 to the Cincinnati Traction Co. for the un-
expired term of the franchise granted by the City of Cincinnati on Aug. 131896, and all successive renewals and extensions of the same. The rentalis intended to provide dividends of sg% for the first year, 5A for thesecond, 5% for the third and 6% for the fourth year and thereafter. V. 72,p. 136. The Rogers law of April 22 1896, under which franchises weregranted, was in Aug. 1902 declared unconstitutional by the Superior Courtat Cincinnati, but decision partly revised on rehearing. Appeal taken toState Supreme Court (V. 75, p. 393. 665), and that Court on Feb. 28 1905reversed the lower court and upheld the constitutionality of the Rogers law.V. 80, p. 996. On April 28 1903, the Superior Court at Cincinnati declaredunconstitutional the curative Act passed in 1902 to strengthen the franchisegranted under the Rogers law. This case was appealed to the State Su-preme Court, which upheld the constitutionality of the law. Franchises,It is claimed by company, mature April 22 1046ORGANIZATION.—Incorporated June 21 1880, and in 1896 purchased
Mt. Adams & Eden Park and Mt. Auburn roads.STOCK AND BONDS— Par. interest. Outstanding. Last div.,&e.
Stock $20,000,000 50 6 Q-J $18,511,950 See text.DIVIDENDS.—To and including April 1901. 5% per annum; July 1 and
Oct. 1 1901 and Jan. 1 and April 11902, 1.3125% each; July 11902. Oct. 11902, Jan. 1 1903 and April 11903. 1.375% each; July 1 and Oct. 1 1903and Jan. land April 1 1904, each 1.4375%; July 1004, 1 i %; Oct. 1904.1 A %. Divs. since have been at the rate of 6% per annum and will so con-tinue to the end of lease and its renewals.OFFICERS.—Pres.. John Kilgour; Sec. and Treas., James A. Collins.—
V. 82, p. 452; V. 83, p. 1523; V. 84, p 1551.
(2) Cincinnati & Hamilton Traction.—A trolley road.ORGANIZATION.—This company was organized in Aug. 1002 as a
consolidation of the Mill Creek Valley Street By. and tile Hamilton Glendale& Cincinnati Traction. V. 75, p. 497. On Sept. 30 1902 was leased to theCincinnati Interurban Co. (V. 75, 13. 906), but on July 6 1905 lease wasassigned to the Ohio Traction Co., and the Cincinnati interurban Co. placedin liquidation. Rental, year beginning Oct. 1 1902-03, $55,000; 1903-04,$60,500; 1904-05, $66,000; 1905-06, $71,500; 1006-07 and 1907-08,$77,000; 1908-09 and 1909-10, $82,500; 1910-11, $88,000; 1911-12.$93,500; 1912-13 to 1914-15, $119,000; thereafter, $100.000.STOCFC AND BONDS— Date. Interest. Outstanding. 1431 Div.
Dividends.-5 7. per annum is being paid on the preferred stock. Thefirst dividend on the common of A % was paid Jan. 1 1004 and % wasagain paid on April 1, July 1 and Oct. 1 1004. En 1905. 1 %: In 1008,1 A %; in 1907. 2%; in 1908, 2%; in 1909, 2 WA; In 1910, Jan., %%April, N%; July. %%; Oct., 514%.ROAD.—Owns and operates 31.32 miles of track from the "Zoo" In Cin-
cinnati to Hamilton and 15 miles from Cincinnati to Lockland. Gauge,5 ft. 2A Inches. Operates over tracks of Cincinnati Traction Co. from"Zoo" to Fountain Square in Cincinnati.OFFICERS.—Pres., H. H. Hoffman; V.-P., B. L. Kilgour; Sec. and
Treas., A. J. Becht, all of Cincinnati. V. 75, p. 200. 497, 906.
CLEVELAND, OHIO.CLEVELAND RAILWAY CO.—(See map on page 29.)Company Resumes Possession.—The receivers of the Municipal Traction
Co. having been discharged and the debts of that company provided for, theCleveland Railway Co. on March 1 1010 resumed possession of Its lines underordinance (see below) of Dec. 1909. V. 90, p. 626. The lease to theMunicipal Traction Co. was canceled of record.New Franchise Ordinance.—The "security" franchise ordinance granted
April 27 1908 not being ratified (V. 87, p. 1089) and the Schmidt ordinancebeing defeated at a referendum election Aug. 3 1909 (V. 89, p. 348), a newfranchise ordinance was passed in Dec. 1009 by the City Council, and ac-cepted by the railway company, based upon the valuation of the company'sproperty as fixed by Judge Tayier. The ordinance grants franchises tocperate on existing roads to May 1 1934, subject to the right of the city topurchase the property at any time at 110% of capital value as fixed in ao-cordance with the terms of the ordinance, or on and after Jan. 1 1918 todesignate a purchaser or licensee in place of the company on payment ofsame amount. On Feb. 17 1910 at a referendum election the electorsratified the ordinance. V. 90, p. 16, 502
Valuation.—Judge Tayier placed the value of the physical property of theCleveland Elec, By. Co. at $17,511,306 and the franchise value at $3,615,-844; total, $21,127,150; agreed value of property purchased from ForestCity By. Co., 31,805,600; total valuation, $22,932,750. To this is added$1,158,300 interest or rental accrued, making the entire capital "value"124.091,050. The bonded debt of $8,128,000 and floating Indebtednessas of Jan. 1 1908, $1,288,000, or $9,416,000 in all, is deducted, leaving$14,675,050; agreed addition to equalize stock value, 5550, making the"residue of capital value," I. o., the capital stock, $14,675,600 Thevaluation is to be increased for the purpose of fixing the price at which thecity or its nominee may purchase the property by the amount of futurerequirements. Including cost of new pay-as-you-enter cars and 75% of thecost of remodeling old cars as pay-as-you-enter cars.Fares.—Thc initial faro is to be 3 cents, with 1 cent extra for transfers
without rebate, this rate to be tried for 8 months to see if It will yield theauthorized interest on capital value-5% on bonds, 6% on floating debt andcapital stock (experiment Is showing, however, that the 3-cent fare Is inade-quate; see V. 91, p. 214). East Cleveland fare to be same as city fare. Farefor other suburbs, 5 cents, or 11 tickets for 50 cents, according to contracts.The company's schedules and routes are to be subject to the supervisionof the city, and the rates of fare to be fixed so as to net a return of Interestas stated above on the valuation of the property ana permit of the main-tenance at all times of a so-called interest fund of at least $500,000. V. 89,p. 1667. Maximum fare, however, is to be 4 cents for a single fare, or 7tickets for a quarter, with* 1 cent for transfer without rebate.ORGANIZATION.—In 1908 changed name from the Cleveland
Electric Railway Co. (which had in 1003 taken over the Cleveland City ity.)to Cleveland Railway Co., and authorized new stock to the amount of $35,-000,000. The old stock of Cleveland Electric By. was given a valuationof $55 per share, or $12,870,000 (the stock having formerly been $23,400,-000), which valuation was agreed upon after extended conference, andwhich was paid in new stock Issued by Cleveland Railway at a par ($100)valuation. The Forest City By. (which had first absorbed the Low FareBy.) was purchased for $1,805,600 stock of Cleveland
Ity. , the shares of the
.Forest City Ry being accepted at their par (5100) value.On March 10 1910 stockholders were offered the right until April 10 1910
to subscribe for 10% .of new stock at par, payable 25% each on or beforeMay 1, July 1, Sept. 1 and Nov. 1 1010, or optionally in full at any timebefore Nov. 1. V. 90, p. 771On June 18 1910 motormen and conductors were awarded an increase In
wages of 4 cents an hour, effective June 15 1910. V. 90, p. 1675.
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30 ELECTRIC RAILWAYS [VOL. Lxxxxi.
STOCK AND BONDS- Date. Interest. Outstanding. Maturiti I •Stack $35,000,000 ($100)---- Q-J $14,675.600 Oct '10,1%CL:v Elec By 1st cons mtgel 1893 5 g M-S 5.000,000 Mch 1 1913($1,000) gold, not red_c*&r Int. at Central Trust Co.. N. Y.. Trustee.
0 eveland rif/ $3,179.000 (81,_i 1909 5 J-J 3,151,000 Jan 1 1912000, $5,000 & $10,000-c6cr Interest in New York City.Bonds.-Bonds of 1909 are subject to call at par and interest on 60 days'
notice. Remaining $28,000 not issued will be canceled. Citizens' Savings& Trust Co. Cleveland, and Allen B. Forbes, New York, trustees. V. 89,p. 41; V. 90% p. 626. They are secured by deposit of $2,026,000 ClevelandCity Cable Ry. bonds which matured July 1 1909, $1,000,000 East Cleve-land RR. bonds which matured March 1 1910 (both of which issues weretaken up by the new issue), $1,000,000 Cleveland Electric By. first consols,and also by general lien on the entire property of the Cleveland Ry.EARNINGS.-For year ended Jan. 31 1910, gross, $6,488,550; net after
taxes, $2,377,164; interest, $407,550; surplus, $1,969,614.Dividends.-First div.-1 %%-under new franchise ordinance of Dec.
1909 paid April 1910; July, 1 %%; Oct., 1 .ROAD.-Consists of about 250 miles of track. Mostly 82. 95, 103 and
141-1b. standard; 103-1b. girder rails. About 40 miles of track are to bereconstructed with 103-1b. rails.OFFICERS.-Pres. de Gen. Mgr., J. J. Stanley; Sec. de Treas., H. J.
Davies; V. P., C. F. Emery. V. 86, p. 602, 1042, 1099, 1223, 1446; V. 87.p. 226, 677, 873, 936, 1089, 1300; V. 88, p. 374, 1560; V. 89, p. 41, 348,778. 918, 1223, 1667; V. 90, p. 167, 302, 502, 626, 1675; V. 91, p. 214.
CLEVELAND SOUTHWESTERN & COLUMBUS RAILWAY CO.-Atrolley road.ORGANIZATION.-Incorporated in Ohio on March 4 1907 and is a
ronsolidation of the Cleveland & Southwestern Traction Co., the ClevelandAshland & Mansfield Traction Co. and the Ohio Central Traction Co. Forterms of exchange see V. 83. p. 1590. Also owns the Norwalk Gas &Electric Co. In 1907 acquired $505,000 of the $650,000 common stock ofthe Mansfield Railway. Light & Power Co. In 1907 also some of the stock-holders of the Southwestern acquired control of the Mount Vernon city lines,but no merger contemplated at present. V. 85 la 283STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $7,500,000 84,183,500 Pref $2,500,000 5% cum _ 2.400.000 First general consol mortgagef 1907 5 A-0 998,000 April 1 1927
$10,000.000($1,000)g c*&r Int. at Cleveland Tr. Co., Cleve.. Trustee.Cleveland & Elyria first mort- 1895 6 M•N 200,000 May 1 1915gage on 18 miles ($500) iInterest at Citizens' Savings & Trust Co..Subject to call May 1 19054 Cleveland, Trustee.
Elyria & Oberlin first mort-1 1897 6 F-A 100,000 Aug. 1 1917gage on 9 miles ($500) gold)Interest at Cleveland Trust Co.. Trustee.Subject to call Aug 1 1907
Clev Ber Elyr & Oberlin cons 1899 5 g M-S 127,000 Mch. 1 1919M $500,000 g ($1,000 each) Interest at Cleveland Trust Co.. Trustee.Subject to call Mch 1 1909..
Cleveland Elyria & Western 1900 5 g F-A 1,073,000 Aug. 1 1920first mortgage $1,500,000 Int. at Cleve. Tr. Co., Cleve., Trustee, or at($1.000) gold cdcr Nat. Bank of Commerce in N. Y. May be
called after 10 years at 100.Elyria Grafton & Southern] 1902 5 g J-J 100,000 Jan. 1 1922Ry first mortgage guar-Interest at Cleveland Trust Co., Cleveland,anteed by C E do W ($100,-1 Trustee, and Trust Co. of America, N. Y.,000 ($1,000) gold c*JCan be called at par on Jan. 1 1912.
Norwalk Gas & Electric first) 1900 6 A-0 110.000 April 1 1920mortgage $110,000 ($500) g)Int. at Guardian S. & Tr. Co., Cleveland,Subject to call April 1 1910 Trustee, or Chase National Bank, N. Y.
Cleveland 6: Southwestern 1903 5 g F-A 1,400,000 Feb. 1 1923first and consol mortgage Int. at Guardian Say. & Tr. Co., Cleveland,
• $3,000,000 ($1,000) g_ _cdcr Trustee, or Trust Co. of America, N. Y.Ohio C Trac first mortgagef 1899 5 g J-D 150,000 June 1 1919$150,000 ($1,000) gold....c*IInt. N. Haven Tr. Co.. N. Haven, Conn., Trus.
Ohio Central Traction consoll-1 1903 5 g M-S 250,000 Mch. 1 1923dated mortgage $400,000 Int. at Cleve. Tr. Co., Cleveland, Trustee, or
• ($500) gold c* at National Bank of Commerce, N. Y.Bonds.-Of the $10,000,000 new bonds, 53.510.000 are reserved for prior
liens and $5,492.000 for extensions, improvements, &c. They are subjectto call after 10 years at 105 and accrued interest. The Cleveland & South-western bonds of 1903 are subject to call on and after Feb. 1 1913 at 105and interest. $1,600.000 of this Issue are reserved to retire certain under-lying bonds.Of the Cleveland Berea Elyria & Oberlin 5s dated March 1 1899. $300,000
remain in reserve for the retirement at or before maturity of the divisional6s to a like amount. Of the 31.500.000 Cleveland Elyria & Western new5s, $427,000 are reserved to retire prior liens. The Ohio Central Trac. Coconsol. bonds may be called upon 30 days' notice at 105 and int.; $150,000of consols are reserved to retire a like amount of first 5s. First mortgagewas originally $200,000 authorized,, but *50,000 canceled subsequently.EARNINGS.-For calendar yeal 1909, gross, *900,944; net, *345,815;
charges. $300.884: surplus, $44,931.ROAD.-Operates 208 miles of track (of which 132 miles are on private
right of way) in and from Cleveland to Berea, Elyria, Oberlin, Norwalk,Medina, Wellington, North Amherst. Lorain, Creston, Chippewa Lake,Seville, Wooster, Linndale, Puritas Springs, Galion, Bucyrus, Mansfieldand Ashland. 60 and 70-1b. rails. Standard gauge. Operates 70 cars.Also does freight and express business. Company owns Purltas Springsand Seccaium Park and reaches Chippewa Lake. Also owns and operateselectric-lighting plant in Norwalk.OFFICERS.-Pres., F. E. Myers: 1st V.-P., A. E. Akins; 2d V.-P.,
L. J. Wolf; Sec. & Gen. Mgr., E. F. Schneider; Treas., J. 0. Wilson; Audi-t)r. H. B. Cavanaugh. General office, Cleveland.-V. 84, p. 338, 449,559, 748, 995, 1113; V. 85, p. 283; V. 88, p. 294, 504; V. 90, p. 913.
(1) Mansfield Railway. Light & Power Co.-A trolley road.In 1907 control passed to the Clev. Southwestern & Columbus By. Co.ORGANIZATION.-Successor in Aptil 1903 to the Citizens' Electric
Railway, Light & Power Co , which in turn was successor to the MansfieldElectric Street Ry. Owns entire street railway and electric light systemsIn the city. City franchise runs till 1025.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common, $650,000 ($100)- 3650,000 Pref.. $350,000 ($100) 6% cum 350,000 1907, 6%Citizens' first mort. ($400,- 1901 5 200,000 April 1 1923000) ($500) Interest at Cleveland Tr, Co.. Cleveland, Tr.
Mans By Lt 6c P gen mtge $1,- 1903 5 g A-0 742,000 April 1 1918000,000,g (150066 31.000) c• Union Say. Bic. & Tr. Co., Cln., Trustee.Bands.-Interest on the new bonds of the Mansfield Railway Light &
Power Co. Is payable at Rudolph Kleybolte & Co.'s office, New York,Cincinnati and Chicago. $200.000 of the new bonds are reserved to retirethe bonds of the old Citizens Company and $58.000 for future acquisitionsand improvements. A reserve fund of $10,000 per annum is maintained, tobe used for extensions and improvements. Not subject to call. See Y. 76,p. 810.EARNINGS.-For 12 mos. from April 1 1909 to Mch. 31 1910, gross,
ROAD.-Owns and operates 9 mlles of track in Mansfield and an inter-urban line of 12 miles to Shelby; 60 and 70-lb. T rail. 40 cars.-V. 78, p.2442; V. 83, p. 1291; V. 85, p. 284.
CLEVELAND PAINESVILLE & EASTERN RR.-(See Map on Page 31.)ORGANIZATION. &c.-Incorporated in Ohio on April 25 1895. Road
completed in July 1908. Franchises expire in 1920, 1922, 1926 and 1934. InJune 1906 acquired control of the Cleveland Painesville dc Ashtabula RR.V. 82. p. 1322, 1379.ORGANIZATION, &c. -Incorporated In Ohio on Apri125 1895. Road
completed in July 1808. Franchises expire in 1920, 1922 and 1926.
STOCK AND BONDS- Date. Interest. Outstanding. MaturityStock $2,000,000 (par $100)-- 32,000,000 First mortgage 1500.000 gold{ 1896 5 g A-0 500,000 April 1916(11 000 each) c* Interest at Morton Trust Co., N.
Y., or
Cleveland Trust Co.. Cleveland, Trustee.Consollaated mortgage $2,-{ 1898 5 A-0 1,131,000 Oct. 1 1913000,000 ($1,000) gold ____ Int. at Citizens' Say. do Tr. Co., Cleve..
Trustee, or Trust Co. of America. N. Y.Rerg and extension mtge $5,-/ 1908 5 g M-N 369,000 May 1 1948000,000 gold ($1.000).....cs Int. at Clev. Trust Co., Cleveland, Trustee,
or company's agency in New York.
Bonds.-Of the $2,000,000 consols authorized, $500.000 is reservedto retire underlying liens. It is provided in new refunding and extensionmortgage that remaining consols cannot be issued. Of the refund, andext. bonds, $1.631,000 are reserved to retire prior liens, $3,000,000 are re-served for future extensions and improvements, to be issued only when netearnings for preceding 12 months have been not less than 25% in excess ofint. charges on outstanding bonds, Incl. those to be issued. Subj. to callMay 1 1938 or on any Int. date thereafter at par and int. on 30 days' notice,
ROAD.-Owns road from Euclid, Ohio, to Painesville and Fairport,24.02 miles ("Main Line"), and uses Cleveland Electric Ry. from Euclidto Public Square, Cleveland. 10 miles; also owns "Shore Line," extendingfrom Willoughby to Glenville, Ohio, 14.89 miles, and uses the ClevelandElectric Railway Co.'s track from Glenville to the Public Square. Cleveland.5 miles. Total track operated (Including 4 ) miles of double), 46% miles.With the Cleve. Painesv. & Ashtabula forms a continuous line from Cleve-land to Ashtabula. Rails 68-1b. girder on Main Line, 75-1b. T on FairportLine and 70-1b. T and 90-1b. girder on "Shore Line"; 26 motor cars and 8other cars. Power-house is at Willoughby. Car-houses at Willoughby,Paine.sville and Nottingham.
REPORT.-For years ending Dec. 31.1909. 1908. 1907. 1906. 1905.
Surplus $55,981 $40,515 $52,569 $43,168 322,989• In 1908 and 1909 taxes are included with interest charges.
OFFICERS.-Pres.. E. W. Moore; V.-P., J. A. Beidler; V.-P. de Gen.Mgr., J. Jordan; Treas., E. V. Hale; Sec., Fred. S. Borton; Asst. Sec. andTreas., E. L. Schmock, Willoughby, Ohio.-V. 86, p. 335, 1525, 1529;V. 88, p. 374. 1313, 1615; V. 90, p. 621.
(1) Cleveland Painesville & Ashtabula RR. A trolley road. Entirelyover private right of way, except through some of the villages. wherefranchises expire in 1927.
ORGANIZATION.-Incorporated in Ohio in 1902.STOCK AND BONDS- Date. Interest. Outstanding. Maturity
Stock 31,000,000 (3100) $1,000,000 First mortgage $1.000,000j 1902 5 g J-J 958,000 July 1 1922gold ($1,000) c*1Int. at Cleveland Trust Co., Cleve., Trustee.Bonds.-$42,000 are reserved for future extensions and improvements.
No sinking fund and bonds cannot be called. See V. 75, p. 549.REPORT.--For years ending Dec. 31:
Years- Cross, Net, Fixed Charges, Balance.1909 $127,102 $41,051 $55,359 def.$14,3081908 123,139 37,926 50,639 def.12.7131907 122,363 43,152 48,613 def. 5,461ROAD.-Operates 25 miles of track between Painesville and Ashtabula.
Put in full operation on July 30 1904. 70-lb. T and girder rail used. Track,standard gauge. Connects at Painesville with the Cleveland Painesville &Eastern RR. and at Ashtabula with the Pennsylvania & Ohio Ry.-V. 82.P. 1322, 1379; V. 86, p. 337; V. 88, p. 374.
CLEVELAND & EASTERN TRACTION CO.-A trolley road.ORGANIZATION.-Incorporated in Ohio on May 18 1910 to succeed
the Cleveland & Eastern division (V. 90. p. 1613) of the Eastern Ohio Trac-tion Co. per plan in V. 89, p. 1541, 1596.STOCK AND BONDS- Dat tstanding. Maturity.
Common $600,000 ($100)---- ---------------$381,600 Pref $500,000 5% n-c ($100)--------465,865 First mortgage, 31.000,000,1 1910 5 g J-J 764,000 July 1 1932
gold ($1,000) c*1 Int. at Guardian Say. de Tr. Co., Cleve., trus.Bonds.-Remaining bonds reserved for extensions, &c. Bonds subject
to call, any or all, on any int. day at 103 and int.; will not begin to drawint. until from and after Jan. 1 1912. V. 91, p. 336.ROAD.-Operates 40 miles of track from Cleveland to Chardon, Burton
and Middlefield, 0. Standard gauge. 60-lb. T rails.OFFICERS.-Pres., H. P. McIntosh; V.-P., H. Clark Ford; Sec. and
Gen. Mgr., Robt, D. Beatty; Treas., C. A. Taylor. Office, 701 ElectricBldg., Cleveland, 0.-V. 91, p. 154, 336,
CLEVELAND YOUNGSTOWN & EASTERN RY. CO.ORGANIZATION.-Incorporated in Ohio on Juno 11906, On March 1
1910 acquired the Cleveland & Chagrin Falls By. (Incorporated Feb. 18 1910to take over the Cleveland & Chagrin Division of the Eastern Ohio Traction.sold Feb. 5 1910).STOCK AND BONDS- Date. Interest Outstanding. Maturity
Stock 1152.500 (3100) _ (?)Clev 6c Chag Falls 1st M 3300, 1910 6 g J-J $300,000 Jan 1 1930000 gold ($500) c• Int. at Guardian Say, & Tr. Co., Cloy., trus.
Clev Y & E By mtge $52,000 1910 6 g J-J 52,000 Jan 1 1915gold ($1,000) see text c* Int. at Citizens' Say. & Tr. Co., Clev., trus.Bonds.-Cleve. & Chag. Fa is bonds subj. to call, any or all, on any int.
date at 102 % and Int. C. Y. & E. By. bonds subj. to call, any or all, atpar and Int. They are 1st mtge. on line between Chagrin Falls and Gar-rettsville and 2d mtge. on line between Cleveland and Chagrin Falls.ROAD.-Operates 37 miles of line between Cleveland, Chagrin Falls and
Garrettsville. Standard gauge. 60 and 70-1b. T rail.OFFICERS.-Pres., H. P. McIntosh; V.-P., H. Clark Ford; Sec. & Mgr.,
Robt. D. Beatty; Treas., C. A, Taylor.
LAKE SHORE ELECTRIC R Y.ORGANIZATION.-The Lake Shore Electric By. was incorporated On
Sept. 25 1901 under laws of Ohio as a consolidation of the Lorain & Cleve-land By., the Sandusky & Interurban Ry.. the Sandusky Norwalk & South-ern Ry. and the Toledo Fremont & Norwalk RR. V. 73, p. 784, Abouthalf the road is built on private right of way; franchises for the remaininghalf were in 1908 stated to have an average ilfe of 15 years. Company hastraffic agreement by whic t It enters the cities of Cleveland and Toledoover the tracks of the local street railway systems.
Controls the Lorain Street RR. and the Sandusky Fremont & SouthernRy., which see below. In 1907 made contract to supply power to theToledo Findlay & Fostoria and several other roads. V. 85, p. 1646.In 1010 charter was amended so as to transform the then existing 5%
cum. pref. stock of 33,000.000 Into $1,000,000 6% cum. 1st pref. and$2,000,000 5% non-cum. 2d pref. stock; V. 90, p. 698. At the sametime accumulated dividends on old pref. stock (part of which had beenissued later than the rest) were adjusted. V. 90, p. 1170, 1296; V. 91, p790.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common, 14,500,000 (par$100) $4,500,000 1st pf $1,000,000 ($100) 6%cum__ - (?) Oct 10 12d pf $2,000,000 ($100) 5%n-e (?)1st con mtg. $4,000,000( 1903 5 g J-J 1,740,000 Jan 1 1923($1,000). gold c* Int. at Citizens' Say. & Tr. Co., Cleveland,
Trustee, or Trust Co. of America, N. Y.General mtge. $7,000,000( 1903 5 g F-A 2.255,000 Feb 1 1933($1,000), gold c*1 Int. at Citizens' Say. & Tr. Co., Cleveland.
Trustee, or company's agency in N. Y.Lorain & Cleveland 1st, gi 1897 5 g J-J 750,000 July 1 1927(31,000), $1,000,0110 Interest at Cleveland Trust Co., Trustee, or
Trust Co. of America, New York.T F & N 1st mtg, $1,500,000,1 1900 5 g J-J 1,500,000 Jan 1 1920
g, guar ($500. $1,000)....c*j Int. at Union Trust Co.. Detroit, Trustee.Bonds.-Of the 14.000,000 first consols, $2,250,000 are reserved to retire
prior liens; $10,000 have been canceled; $4,000,000 of the general mortgage5 per cents are reserved to retire the first consols and $745,000 for extensionsand impts.. at 80% of cost. Neither issue is subject to call. A sinking fundof $10,000 per annum on the first consols commenced Jan. 1 1909 and runsuntil 1914. From 1920 to 1922, incl., $30,000 per ann. is payable. The L.&C. bonds can be called after July 1 1917 at par and int. The T. F. & N.bonds can be called at 110 and interest on any interest date upon 90 days'
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
32 ELECTRIC RAILWAYS Lxxxxi.
notice. A sinking fund on the T. F. & N. bonds of $10,000 per annum cornmenced in 1905 and runs to 1909, inclusive; from 1910 to 1914, $20,000per annum; 1915 to 1919, $30,000 per annum.Lien.-The T. F. & N. bonds are a first lien on the division between
Toledo and Norwalk; the L. & C. bonds are a first lien on the road betweenCleveland and Lorain; and the 1st consol. bonds a first lien on all otherlines and also a second mtge. on the divisions noted above.
Dividends.-InItIal div. on 1st pref.-1 %%-paid Oct. 1 1910.
REPORT. -For years ending Dec. 31, not including Lorain Street RR.The Sandusky Fremont & Southern By. was placed In operation Sept. 171907. See report In V. 90, p. 368.
Net earnings $422,282 $376,295 $391,602 $384,462Interest 350,450 326.233 294,073 254.198
Surplus $71,832 $50,062 $97,529 $130,264Other income 25,000 25,000 25,000 6,250
Net surplus $96,832 $75,062 $122,529 $136,514
ROAD.-Operates 172 miles, extending from Cleveland to Toledoand Sandusky, and from Sandusky to Norwalk; also city lines in Sandusky;standard-gauge, 70-1b. rails. Through line from Cleveland to Toledo wasopened for business about Aug. 28 1902. In addition owns the SanduskyFremont & Southern, 20 miles, and the Lorain Street RR.. 24.77 miles,making a total of 216.77 miles. Has 53 double-truck interurban cars. 23single-truck city cars, 6 double-truck baggage and freight cars and 32 workcars. Total. 114OFFICERS.-Pres., E. W. Moore, Cleveland and N. Y.; V.-P., W. H.
Price. Cleveland; V.-P. and Gen. Mgr.. F. W. Coen, Sandusky, O.; Sec. andTreas., John P. Witt, Cleveland.-V. 88, p. 371. V. 89, p. 721; V. 90,p. 110,368, 372, 698, 1170, 1296; V. 91, p. 790.
(1) Lorain Street Railroad Co.-A trolley road.
ORGANIZATION.-Incorporated in Ohio on Aug. 3 1906, and is a con-solidation of the Lorain St. Railway and the Avon Beach & Southern RR.Entire stock and $500,000 new consols owned by the Lake Shore Elec. By.Operates on private right of way except three miles in Lorain and Elyriaon which franchises run until 1919.
STOCK AND BONDS Par. Date. Interest. Outstanding. Maturity •Stock, $2,000,000 ___ $100 $2,. 00,000 Lor. St. By. 1st 11.,1 1,000 1894 6 J-J 200,000 Jan. 1 1915$200,000 'Interest Guardian Tr. Co., Cleveland, Trustee.
Lor. St. By. Cons.,} 1,000 1899 5 g M-N 550.000 Nov. 1 1949M. $750,000, gold Int. at Guaranty Trust Co., N. Y.. Trustee.$1.b00 c•
1st consol. mtge.} Trust
1.000 1906 5 g J-J 500,000 July 1 1936$2.000,000, gold, Int. at Cit. Say. & Co., Cleve.. Trustee, orguar. ($1.000) _ co Agency in New York.Bonds.-Of the $2,000,000 new bonds, $750,000 are reserved for prior
Liens and $750,000 for extensions, etc. They are guar., prin. and int., byend. by the Lake Shore Elec. By.EARNINGS.-For calendar year 1909, gross, $164.471; net. $75,618;
Interest, $64,500; surplus, $11,118.ROAD.-Operates 24.77 miles of track between Elyria, Lorain and
Beach Park. Standard gauge. 28 cars.
(2) The Sandusky Fremont & Southern Ry.
ORGANIZATION.-Incorporated in Ohio in April 1906. Is operatedas part of main line of Lake Shore Electric By. between Cleveland andToledo. Lake Shore Electric By. owns entire stock. Privateright of way.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $2,000,000 _ ___ Owned by the Lake Shore Electric By.1st mortgage, $2,000,0001 1906 5 g J-J $635,000 July 1 1936
gold 01,000) guar____c• Int. at Cit. Say. & Trust Co., Cleve.,trustee, or at Agency in New York.
Bonds.-Are guaranteed, prin. and int. by endorsement, by the LakeShore Elec. By.; not sub to call. See V. 83% p. 1099.ROAD.-Operates a line from Sandusky to Fremont, 20 miles.-V. 83.
P. 97. 1099.
CLINTON, IOWA.CLINTON STREET RY.-Operates 15 miles of track In city of Clinton.
Main line franchises perpetual; others limited to 25 years from Nov. 1908.72 to 80-lb. T-rall. Stock $600.000 ($100), of which $599,800 is outstand-ing. Funded debt consists of $400,000 ($1,000) authorized and outstand-ing 5% 1st mtge. bonds (cdcr), dated 1906, due March 31 1926, int. payableA. & 0. In gold at Illinois Trust & Savings Bank, Chicago, trustee. Sub-ject to call after 5 years at 105.Gross earnings for 1909, $137,500; net.*67,000; in 1908, gross, *128,000.OFFICERS.-Pres., C. H. Young V.-P., D. Langan; Sec., A. L. Schuy-
ler; Treas., C. C. Coan; Gen. Mgr., Bernard Bohnsen.
COFFEYVILLE, KAN,THE UNION TRACTION CO.ORGANIZATION -Incorporated Sept. 28 1906 In Kansas. Franchises
expire 1957. Road is on private right of way except in Coffeyville andIndependence.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock, $450,000 $450,000 1st mtge., $1,000,000, goldl 1907 5% J-J 650,000 Jan 1 1937($1.000). sinking fund_ __ Marren (Pa.) Trust Co., trustee.Bonds.-$350,000 remaining bonds are reserved for extensions at 80%
of cost of construction. Redeemable annually by lot at 105 and int.beginning Jan. 11912. through sinking fund. S. f. of 10% of net earningannually begins in 1911. Int. payable at Nat. City Bk. N. Y.; Commer-cial Nat. Bk., Chic., and Tradesmen's Nat, Bk., Phila. gee V. 88, p. 1003.EARNINGS.-For year ending July 311910, gross, $156,702; net (after
taxes), $83,670; interest, $28,750; surplus. $54,920.ROAD .-Operates 39 miles of road, of which 6 miles in Coffeyville, 2 miles
in Independence and 31 miles of interurban between Coffeyville, Indepen-dence and Cherryvale. 70-lb. T rail. Extension from Cherryvale to Par-sons, 18 miles, and 6 miles city line in Independence (of which 5 miles arecompleted) and Coffeyville are under construction.OFFICERS.-Pres., D. H. Siggins, Coffeyville; Sec., H. A. SiggIns:
Treas., Sam. Q. SmIth.-V. 88, p. 1003; V. 90, p. 1172; V. 91, p. 590.
COLORADO SPRINGS, COL,COLORADO SPRINGS & INTERURBAN RY.ORGANIZATION.-Incorporated in Aug. 1902 as a consolidation of the
Colorado Springs Rapid Transit fly, and the Colorado Springs & Suburbanfly. The consolidated company has issued $1,500,000 stock, of which$500,000 pref.. and $1,500,000 bonds ($1,000), 5, M.-S., due Sept. 1932,Central Trust Company, N. Y.
' trustee. Other information refused-
"is a close corporation and has neither stocks nor bonds on the mar-ket." We are advised, however, that sufficient of the new bonds are re-served for underlying liens. Facts below relate solely to the old ColoradoSprings Rapid Transit Ry.
.Colorado Springs Rapid Transit,STOCK AND BONDS Miles. Date, Interest. Outstanding. Maturity.Stock (par $100) $500,000 f.p. 1905 6%lst M., $1,000 each __ 7% 1890 8 A-0 338,000 1910Consol. M..$1,000 ea.1 27 1891 6 g A-0 162.000 Apr. 1 1921
, for $500,000, gold 1 Central Trust Co., N. Y., Trustee.Interest is payable at Chemical National Bank, New York City..Consolidated mortgage limited to $500,000 by cancellation of $250,000 of
the bonds; $338,000 reserved for first mortgage..ROAD.-Owns 38 miles of track.OFFICERS.-Pres., D. H. Rice; V.-P.. A. G. Sharp; Sec., Wm. Lloyd:
Treas., C. S. Chamberlin.-V. 70, p. 75, 175, 328.
COLUMBIA, S. C.'COLUMBIA ELECTRIC STREET RAILWAY LIGHT & POWER.-A
trolley road.ORGANIZATION.-Is a consolidation on July 1 1905 of the Columbia
Elec. St. By,. Lt. & Power Co. and the Columbia Water Power Co. Thefirst mentioned was organized in S. Car. Jan. 6 1892 and was a consolidation
of the Columbia Electric & Suburban By, Co. and the Congaree Gas &Electric Co. Acquired the Columbia & Eau Claire Electric By. TheColumbia Gas Light Co. Is owned by friends of the company.
Mortgage. $2,000,000 g.($500) 1905 5 g J-J 1,066,000 July 1 1935de $1,000 cs }Interest at Chtmical Nat. Bank , Ntw York,
i or company's agency in New York.Bonds.-Of the $2,000,000 new bonds, $1,066,000 are outstanding and
$501,000 are in the treasury and $400,000 are reserved for future better-ments. A sinking fund of $10,000 per annum commenced July 1 1906;$33,000 have been retired.
Dividends.-First dividend on preferred stock-3%-pald July 1 1906;Jan. 1907, 3%; none since, all surplus being put into property.
EARNINGS.-For calendar year 1909, gross, $444,108; net. $235,999;int., rentals and taxes, $117,331; sink. fund & dep'n. $16,000; sur.,$102,668.ROAD.-Operates about 25 miles of track. Also does all electric light-
ing for city. Owns water-power contracts and water-power plant generat-ing 8,000 h.p. and 5,000 h.p. turbine.OFFICERS.-Pres. and Treas., E. W. Robertson; 1st V.-P., Henry Par-
sons; 2d V.-P. and Gen. Mgr., Wm. Elliott Jr.; Sec., G. M. Berry.-V. 81.p. 507, 974; V. 84, p. 931.
COLUMBUS, GA.COLUMBUS ELECTRIC CO.ORGANIZATION.-Incorporated in Maine on Feb. 6 1903 and owns all
the securities of the Gas Light Co. of Columbus. the entire common and$121,300 of the pref. stock (out of $350,000) of the Columbus Power Co.,and all the stock, all the 2d M. bonds and $370,000 of the 1st M. bonds (outof $450,000) of the Columbus RR. Co., which companies do the entire streetrailway and lighting and power business of Columbus and the adjoiningtowns of Phoenix and Girard. Franchises perpetual. The freight linesare leased to the Seaboard Air Line By. for 50 years from Oct. 11 1901 at arental of $7,500 per annum. $100,000 pref. stock is held by the PublicService Investment Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
1st coll. M.. $1,500,000 goldi 1903 5 g A-0 758,000 Apr. 1 1933($1,000) c* Interest at City Trust Co., Boston, Trustee
Col. RR. 1st mortgagej 1898 5 A-0 80,000 Oct. 1 1937$450,000, g. 31,000i...tint. at West End Trust Co., Phila., Trustee.
Stock and Bonds.-$22,000 of the 1272.000 pref. stock outstanding is heldIn trust for benefit of company. The new $1,500,000 bonds of the ColumbusElectric Co. are subject to call as a whole at 105 and interest. $80,000 arereserved to retire a like amount of Columbus RR. bonds. The remaining$370,000 Columbus RR, 1st M. bonds are owned by the Columbus ElectricCo. An "Improvement fund" of 2% per annum of outstanding bondscommenced In 1905.
Dividends.-First div. on pref. stock, 3%, was paid Jan. 1907; 3% hasbeen paid semi-annually since to and including July 1910.
ROAD.-Operates 26.1 miles of track, of which 5 miles leased to SeaboardAir Line. 45 cars. Standard gauge. 40, 58 and 60-lb. rail.
OFFICERS.-Pres.. Charles F. Wallace; V.-P., Harry H. Hunt; Sec.,Alvah K. Todd; Treas.. Henry B. Sawyer; Gen. Mgrs. and Transfer Agts.,Stone Fc Webster, Boston.-V. 82, p. 509; V. 83, p. 1590; V. 84, p. 931.
(1) Columbus Power Co.ORGANIZATION.-Is a consolidation in March 1906 of the Columbus
Power Co.. the Coweta Power Co. and the Chattahoochee Falls Co. Entirecorn. stock and part of the pref. Is owned by the Columbus Electric Co.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common, $1,500,000 ($100)- $1,500,000 Pret, $1,500,000, $100, %non-cum, red at 105 350,000
1st mtge. $4,000,000. gold.l 1906 5 g A-0 1,375,000 April 11936guar c Int. at Commonw. Tr. Co., Boston, Trustee.
Gold notes, $250.000, guar.} 1906 5 g A-0 250,000 April 1 1911principal and interest, by Redeemable at par on any interest date.Columbus Electric Co Interest at National City Bank, New York.
Bonds.-Of the $4,000.000 authorized, $2,625,000 are reserved forfuture purposes. A sinking fund of 1% of bonds out commences April 11912. Bonds subject to call as a whole (or in part for sinking fund) at 110and interest on any int. date. Notes are callable at par and int. on any intday. Both bonds and notes are guar., p. &I., and s.f. by Columbus Elec. Co.
PLANT.-Controls by ownership or lease developed water cower onChattahoochee River aggregating 9,000 h. p. Also owns steam plant of3,000 h. p. In city of Columbus. Proposes to have an ultimate hydraulicdevelopment of 75,000 h. p.-V. 82, p. 512.
COLUMBUS, OHIO.COLUMBUS RY. & LIGHT CO.-Trolley and electric light.
ORGANIZATION.-Incorporated in Ohio on May 12 1903 and acquiredunder lease the Columbus By. Co. and the Columbus Edison Co. at a rentalof guaranteed dividends at the rate of 5 % per annum on the preferred stockof the former and 6 % per annum on the preferred stock of the latter, and 5 %per annum on the common stock of each, the dividends on the commonof each company to commence Sept. 1 1903. Holders of common stock ofthe two companies were allowed to subscribe to the stock of the uew com-pany to the amount of their present holdings. 20 % to be paid in cash andthe remainder subject to call, but not more than 10% in any one year.See V. 76, p. 1142. Lease was slightly amended in Jan. 1906 (V. 82,
p.160) and bonds and stock of the Columbus By. Co. are to be taken by the lessee at par in payment of advances made by the lessee for constructionand improvement of property. In July 1906 the U. S. Court granted aperpetual Injunction restraining the city from enforcing an ordinancepassed in 1904 reducing the charge for electricity. V. 33. P. 94, 323,On March 4 1907 leased for 50 years the Columbus Traction Co., which is
the successor to the Central Market Street By.; for terms of lease see thatcompany below.On Sept. 14 1908 stockholders ratified lease of the Columbus Light, Heat
ds Power Co., after the latter had acquired the property of the ColumbusPublic Service Co.-see statement below. V. 87, p. 740.
Shareholders of the Columbus Edison Co. (see below) voted March 2 1908to increase authorized common stock from $450,000 to $750,000 and pre-ferred from $550.000 to $750.000. V. 86, p. 288. 798.
Strikes.-A strike which tied up every car line in Columbus for about aweek was settled on May 5 1910, on basis of an increase of wages of 1 centan hour, 2 cents having been demanded. V 00, p. 1238.On July 24 1910 a new strike began which has been attended by riots and
bloodshed and the destruction of many cars, and was still in progress atthe time this publication was sent to press.
Dividends.-First div. on Columbus fly. & Light stock, 1%, was paidJan. 15 1906. and 1% was again paid July 16 1906; in 1907. Jan. 1, 1%;July 15, 1%; and also Oct. 1907. In 1908, 2%; in 1909. 2j%. In1910. Jan., ,i%; April, 3,1%; July, 51%.
PROPERTIES CONTROLLED.-The Col. By. & Light operates 109miles of track 5.6 of which Is a new suburban line and 12 miles Interurban.Also leases Columbus Traction lines. 16 miles. Controls practically all ofthe electric light, power and hot-water heating business of Columbus.
OFFICERS.-Pres., Robert E. Sheldon; 1st V.-P., Gen. Mgr. and Treas..E. K. Stewart: 2d V.-P., C. M. Clark; Sec. and Auditor, P. V. Burington,Asst. Sec. and Asst. And., H. M. Burington.-V. 87,:p. 740, 1478; V. 88;p. 14.36, 1499; V. 89, p. 666; V. 90, p. 303, 502, 559, 1238.
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OCT., 1910.] ELECTRIC RAILWAYS 33
COLUMBUS RAILWAY CO. •Stockholders in Feb. 1910 were offered remaining $500,000 common at
par. V. 90, p. 502, 559.STOCK AND BONDS- 'Wale. Interest. Outstanding. Last div.,&c.
Stock, preferred $3,500,000 f Aug. 1 1910($100), 57 cum guar 5 Q-F 3,500,0001 1 u %
Col St Ry 1st, $3,000,000, 1892 5 g J-J 3,000,000 July 1 1932gold c• Interest at E. W. Clark & Co., Philadelphia.
Knickerbocker Trust Co., N. Y.. Trustee.Crosstown 1st mtge, gold, gu, 1893 5 g J-D 572.000 June 1 1933
prin & int c'j Knickerbocker Trust Co., N. Y., Trustee.Col By 1st consol mtge, $7,-1899 4 Q-J1 3,428,000 Oct 1 1939
B000,000 ($1,000), gold, c* Interest at Union Savings ank & Trust Co.Bonds are redeemable after of Cincinnati. Trustee. at E. W. Clark &Oct 1 1914 at 105 and int. Co., Philadelphia, or at company's office.
Bonds.-The Crosstown Street By. 1st mtge. is for $2,000,000, of which$572,000 are outstanding; the rest have been canceled. Principal andinterest of the Crosstown bonds were guaranteed by the old ColumbusStreet By. Co.Of the $7,000,000 mtge. of 1899 of the Columbus By.. $1,500,000 were
Issued in payment for the Columbus Cent. By. property; 13,000,000 willbe held in trust to retire the Columbus St. By. bonds, $572,000 to retire theCrosstown mtge. bonds and $300,000 to take up unsecured 4% notes of theColumbus St. Ry.; $1,628,000 was reserved to be used hereafter from timeto time in making extensions, improvements and additions-$628,000 upona 2-3 vote of directors, the other $1,000,000 only on a vote of stockholders.This covers the whole $7,000,000. In the table above we report as outstand-ing *3,428,000. This includes $1,500,000 issued in payment for the Colum-bus Central By., $300,000 issued under the clause providing for the retire-ment of 4% notes and $1,628,000 under the clauses concerning improvem'ts.
Franchises.-Circult Court at Columbus, 0.. on June 25 1003 handeddown a decision sustaining the claim of the Columbus By. to perpetualfranchise rights on certain streets V. 77, p. 35.
6 g M-N 450,000 Nov 1 1022Col Ed El 1st mtge, gold, guar_ 5 g A-0 300,000 April 1 1929
Bonds.-Both underlying liens are guaranteed by Columbus Edison Co.
(1) Columbus Traction Co.-A trolley road.ORGANIZATION -Incorporated in Ohio on Dec. 26 1906 and is suc-
cessor to the Central Market Street By., sold under creditor's bill in Feb,ruary 1906, subject to the $500,000 bonds. New company is leased to theColumbus By. & Lt. Co. for 50 years until 1957, rental being 5% on pref,stock; corn. stock receives 1 % on Jan. 1 and July 1 1908 and Jan. 1 1909;134% on July 1 1909 and Jan. 1 1910; 2 % July 1 1910 and Jan. 1 1911 and13( % quarterly thereafter. The Col. Ry. as Light Co. owns $250,000 ofthe pref. stock, leaving $250,000 in the treasury of Traction Co. for better-ments and improvements, and owns all of the common of this company.Franchise provides that tickets shall be sold 8 for 25 cents and that a 5-centcash transfer be issued to all lines entering or using the Columbus London& Springfield By. Co. Interurban loopSTOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $500,000 _ $500.000 See text.Preferred, $500,000 323 ,400 See text.Cent Mar 1st mtge, $500,000,1 1902 5 g J-J 500,000 Jan 1 1922
old (11,0001 c*JInterest at N. Y. Trust Co., N Y., Trustee.
Bonds.-A sinking fund of 5 % of gross receipts commences after 5 years.Entire issue is subject to call after 5 years at 110 and interest.
ROAD.-Consists of 16 miles of track, all in city of Columbus.-V. 84.p. 51, 338.
(2) Columbus Light. Heat & Power Co.
Lease.-Has been leased to Columbus Railway as Light Co. for 50 yearsfrom 1908, with renewal privileges. Lease provides for 6% on outstandingbonds and preferred stock of company, and dividends on common beginningin 1909 at 3 %, 1910 4%, 1911 and thereafter 5% quarterly. V 87, p. 547.
ORGANIZATION.-Incorporated Aug. 1 1908 in Ohio, and acquiredthe property of Columbus Public Service Co. per plan in V. 87, p. 340, 547.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common, $750,000 ($100)_ $210,500 See textPref 6%. $1,250,000 ($100) _ 516,300 See textGen mtge. $1,000,000 ($5001 1908 6 F-A 685.600 Feb 1 1924and $1,000) gold f Capitol Trust Co., Columbus, trustee.
Stock and Bonds.-The preferred stock Is redeemable after Jan. 1 1912.Interest on gen. mtge. bonds is guar. by the Columbus Ry. & Lt. Co.;$750,000 bonds are to be used to take up like amount of Col. Public ServiceCo. bonds, the greater part flaying already been exchanged. $250,000 arereserved for improvements and extensions.-v. 87. p. 346. 547, 1481.
OHIO ELECTRIC RAILWAY CO.Incorporated May 1907 in Ohio. On Aug. 31 1907 purchased the Lima
& Toledo Trac. Co., which owned the line from Lima to Toledo, andleased the Lima Elec. By. & Lt. Co., which operates in the city of Lima,and the Ft. Wayne Van Wert & Lima Trac., with a line from Lima,Ohio, to Ft. Wayne, Ind. Also acquired by lease the Indiana Col. &East. Trac., which company assigned to it the leases of Col. Newark &Zanesville Elec. By. and Dayton & Western Trac. On Feb. 1 1908 pur-chased the One. Northern Tree. and accuired from that company its leaseof Cinc. Day. & Toledo Traction. On Dec. 31 1909 acquired by purchasethe Lima El. By. & Light Co.In 1910 created a 1st do ref. mtge. (see below), $3,657,000, of which was
used to retire $2,250,000 1st mtge. bonds of Lima & Toledo Tree. and topurchase the Lima Elec. By. & Lt. Co. subject to its $1,250,000 out-standing bonds. V. 90, P. 850.
Including city lines in Zanesville, Newark, Lima, Hamilton and otherpoints, operating mileage is 617.42 miles, extending from Zanesville onthe cast via Newark to Columbus (including line from Columbus to Orientand Buckeye Lake and Newark to Granville branches), thence throughSprnglield to Dayton, and from Dayton to Union City, where connection Ismade with Indiana Union Trac. for Muncie, Anderson and Indianapolis,Ind., and from Dayton to Richmond, Ind., where connection is made withT. H. I. & E. Trac. to Indianapolis. Extending north from Springfieldthrough Urbana and Bellefontaine to Lima, and from Lima to Defiance; toToledo, 0., and Ft. Wayne, Ind.; also from Dayton to Cincinnati. IncludingGermantown, Mt. Healthy and College Hill branches. Electric light andpower business is conducted in cities of Zanesville and Lima, and steamheating plant in Lima.STOCK AND BONDS- Date. Rate %. Outstanding. Dividend.
Common, $12,500,000 $8,000,000 Preferred, $12,500,000 8,000,0(1() 1st & ref. mtge. $15,000,0001 1910 5 g J-J 3,657,000 Jan 1 1930
gold ($1,000) c f Int. at Fidelity Trust Co., Phila., TrusteeStock.-Preferred is entitled to dividends of 2% In 1908, 3% in 1909, 4%
in 1910 and 5 % thereafter.Bonds.-$3,250,000 1st & ref. bonds are reserved to retire prior liens
($1,250,000 bonds of Lima El. By. & Lt. Co. and $2,000,000 bonds ofFt. Wayne Van Wert & Lima Trac. Co.), and $7,550,000 for additions,betterments, &c ; $543,000 are In treasury. Entire issue is subject tocall on or after Jan. 1 1915 on any Int. day at 105 and Int. on 60 days' no-tice. No sinking fund,
EARNINGS.-For cal. year 1909' gross from railway, $2,737,876; light
and power, $203,127; misc., $22.243; total gross, $2,963,246. In 1908,gross from railway, $2,423,885; light and power, *191,328; misc., $28.321;total gross. $2,643,604.
OFFICERS.-Pres.. W. Kesley Schoepf; V.-P., Dana Stevens; V.-P.,J. B. Foraker; Sec. and Treas., F. A. Healy; Asst. Sec. and Treas., DenisJ. Downing; Gen. Mgr., B. J. Jones.-V. 84, p. 1248; V. 85, p. 531, 001,1144; V. 80, p. 338; V. 87, p. 38; V. 90, p. 608, 850.
(1) The Indiana Columbus & Eastern Traction Co.-.-A trolley road.
Leased to the Ohio Electric By. Aug. 311007. Latter company guaran-tees interest on bonds and 5% dive. on pref, stock, and owns entire corn, stk.
ORGANIZATION.-Incorporated in Ohio on April 14 1906 and has ac-quired the Dayton Springfield & Urbana Elec. By.. the Columbus London
& Springfield By.. the Columbus Grove City & Southwestern By., theUrbana Bellefontaine & Northern By.. the Springfield & Western Ry.. theDayton & Northern Traction Co., and about 12 miles of the Dayton &Muncie Traction Co., extending from Greenville to Union City, on theIndiana-Ohio State line. Has also acquired the Columbus & Lake MichiganRR., operating between Lima and Defiance; electricity for passenger, steamfor freight service.
Leases the Dayton & Western Traction Co. and the Columbus Newark &Zanesville Elec. By., which latter company had previously absorbed theColumbus Buckeye Lake & Newark Traction Co. and the Zanesville By. Light& Power Co. These leases were assigned to the Ohio Elec. Ry. Aug. 31 1907.The new general and refunding mortgage bonds were listed on the Phila-
delphia Stock Exchange in February 1907. V. 84, p. 339. See descriptionof bonds, property, &c., In V. 83, p. 37.STOCK AND BONDS-
1,000,000 See text.1906 5 g M-N 5,360,000 May 1 1926Int.at Pa.Co.for Ins.on L. &G.A..Phila..Trus.1900 5 g A-0 500,000 Oct 1 1920
Int. at N. Y. Trust Co., New York, Trustee.1898 5 g M-N 750,000 Nov 1 1928
Interest at N. Y. Trust Co.. N Y., Trustee.Bonds.-Of the $12,000,000 gen. and ref. mtge. bonds, $5,360,000 have
been issued for purchase of present properties and improvements and forretirement of underlying bonds; $1,250,000 are held to retire the underlyingLiens given in table above. The remaining $5,390,000 are reserved for futurebetterments, improvements and extensions, and can only be issued as fol-lows: $500,000 when net income is equal to 1 1-10 times int. charges on allbonds, including those to be issued, and $4,890,000 when net is equal to 134times int. charges, including int. on bonds to be issued. These bonds are sub-ject to call in whole, but not in part, after May 1 1911 at 105 and int. $4.-900,000 of these new bonds were sold to a syndicate headed by Drexel & Co.of Phila. The Columbus London & Springfield bonds may be called after1906 at 110 and int. A sinking fund on these bonds of 5% of gross earningsbegan with year ending Sept. 30 1906. See V. 71. p. 963. The Day. Spring-field & Urbana bonds are subject to call at 110 and int. A sinking fund of5% of gross earnings began in 1903.ROAD.-Columbus to Orient, Columbus through Springfield to Day-
ton, Dayton to Union City; Springfield to Lima, through Lima to Defiance.Ohio, a total of 259.28 miles.OFFICERS.-Pres.. Dana Stevens; V.-Ps., D. G. Edwards and J. B.
Foraker Jr.; Sec., Walter A. Draper; Treas., F. A. Healy.-V. 83, 13. 37,155, 380, 626, 1098; V. 84, p. 339; V. 85. p. 600; V. 86, p. 721; V. 87, p. 37.
(a) Dayton & Western Traction.-Trolley road.ORGANIZATION.-Incorporated on June 26 1808. Was leased on June
15 1906 to Ind. Colum. & East. (V. 82, p. 1437). For terms, see below.STOCK AND BONDS-- Date Interest. Outstanding. Last Div.
Stock, $900,000 ($100) --- - Q-J *647,500 See text
Do pref. $850,000, - 5%.l cum ($100) Q-J 850 .000 See textDividends.-Lease taking effect June 15 1006 provides for 5% per annum
on pref. stock and 5% on corn. stock in 1906 and 1907, 534% In 1008 and6% thereafter.ROAD.-Dayton, Ohio, to Richmond. Ind., 40 miles, with branch from
New Westville to New Paris, 234 miles: total, 4234 miles. At Richmondconnection is made with Terre Haute Ind. & East. Trac., thus makinga through line from Indianapolis, via Dayton, to Columbus, a distance of184 miles. V. 82, p. 1437; V. 83, p. 36, 94, 379.
OFFICERS.-Pres. and Treas., Valentine Winters; V.-P., J. H. WintersSec.. R. R. Dicke; Asst. Sec. and Treas.. F. A. Funkhouser. all of Dayton.
(b) Columbus Newark & Zanesville Electric Ry. Co.-A trolley road.
ORGANIZATION.-Incorporated in Ohio on July 2 1902, and In May1904 absorbed the Newark & Granville Street By. In May 1906 acquiredthe the Columbus Buckeye Lake & Newark Traction Co. the preferred share-holders being given $500,000 In pref. stock for their holdings. Also tookover the Zanesv. By. Light & Power Co. and was then leased on June 231006 to the Indiana Colum. & East. Trac. Co. for length of franchise andrenewals thereof. Rental is interest on bonds, an amount equal to 6 % onthe preferred stock and $500 for organization expenses. V. 83, p. 625.Entire common stock is owned by Ohio Electric By. Co.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common. 15,750.000 (1100)- $5,750,000 Pt. 6% cum, $500,000 ($100)- ____ 6 Q-J 500,000July'10,134 %1st mtge, $2,000,000, gold 1904 5 g M-S 1,250,000 Mch 1 1924($1,000) c° Int. at Knickerbocker Tr. Co., N. Y., Trus.
Gen & ref mtge, gold, $6,- 1906 5 g M-N 947,000 May 1 1926250,000 ($1,000) c* Int. at Girard Trust Co. Phila., Trustee
0 B L & N 1st mtge. $1,500,- 1901 5 g M-N 1,243%000 Nov 1 1921000. gold ($1,000) el Int. at Knickerbocker Tr. Co.. N.
Y., True.
Zanesville By, Lt & Pow 1st} 1802 5 g A-0 15 750,000 Oct 15 1912cons mortgage, $1,000,000 Int. at Cent. Tr. & S. D. Co.. Cinc., Trustee.($500, $1,000), gold c• or Trust Co. of America, New York.Registrar. Guardian Trust & Safe Deposit Co.. Zanesville, Ohio.
Zanesv Elec 1st mtge. $250,-) 1899 4 g F-A 250,000 Jan 1 1919000, gold, subject to call}Interest at International Trust Co., Boston.after 1903. $1,000 each_ _c1 Trustee.
Zanesville Elec Lt Co couponj 1901 5% 14,000 See textnotes 1International Trust Co., Boston, trustee.
Bonds.-Of the $6,250,000 new bonds, $3,507,000 are reserved to retire;rigor liens and $1,796,000 for betterments and extensions. They are sub-ject to call after 5 years at 105 and interest. Under terms of this mtge.none of the $750.000 lit mtge. bonds unissued can now be Issued. Theentire issue of Col. New. & Zanesv. 1st 55 can be called at 110 and int. onany Int. date. V. 80, p. 1234. The Col. Buck. L. & New. bonds are sub-ject to call on any Int. date at 110 and int. on 3 months' notice. ZanesvilleEl. Lt. con. notes mature $3,500 annually on Nov. 1.
ROAD.-Operates about 94 miles of track from Columbus to Zanesville.including the city lines in Zanesville. Newark and Granville, and a branchto Buckeye Lake. Standard gauge; 60 and 70-1b. T rail and 90-lb. girder.Also owns amusement park on Buckeye Lake. Owns and operates itsHebron power plant with its own natural gas.OFFICERS.-Pres., Dana Stevens;
V.-P., J. B. Foraker Jr.; Secretary
and Treas.. F. A. Healy.-V. 83, p. 36, 213, 625; V. 86, p. 1589; V. 87, p.37.
(2) Lima Electric Rail way & Light,-A trolley roadAcquired by purchase by Ohio Elec. By. Dec. 31 1909.ORGANIZATION.--The company is a consolidation completed Aug. 1
1900 of the Lima Ry. (incorporated Nov. 5 1896) and the Lima ElectricLight & Power Co. Capital stock was increased in Sept. 1905 from $850.-000 to $1,250,000. V. 81, p. 1100. Was leased July 1 1905 to the Lima &Toledo 'Fraction, which lease was assigned to Ohio Elec. By. Aug.311907.
STOCK AND BONDS.- Date. Interest. Outstanding. MaturitV.Stock, $1,250,000 ($100) $1,250,000 Lima By 1st mtge $200,000 1896 5 g J-D 135,000 Dec 1 1916gold ($500) c° Int. at Citizens' Say. & Tr. Co., Cleveland.
Trustee; also at Fourth Nat. Bk., N. Y.Lima Elec Lt & Power gold 190f) 5 g J-D 35,000 June1 1917
1st M $85,000 ($1,000) c• Int. at Cleve. Trust Co., Cleve., y 1 1916e0.. Trustee.Lima flee By & Lt gold 1st f 1900 5 g J-J
2
con mtge $500,000 ($500)0( Int. at Cleve. Tr. Co., Cleve., Trustee, orStandard Trust Co., New York.
ad Consol mtge. $850,000 1902 5 g A-0 350,000 April 1 1925gold ($1.000). c• Int. at Fidelity Tr. Co., Buffalo, Trustee.
Lima Elec By & Lt Refund's; 1905 5 glvf-S 470,000 Sept 1 1925mtge $1,250 000 gold Int. at Girard Trust Co., Phila., Pa.
Bonds.-Of the first con. mtge. gold 5s, $200,000 are reserved to retirethe two above prior liens. The Lima Ry, bonds may be called in 1907 atpar, on 4 weeks' notice, and the Lima Elec. Lt. & Power bonds may becalled on any interest day on 30 days notice. Of the $850,000 2d consols.$500,000 are reserved to retire a like amount of first consols These bondsare a lien on the electric light and heating plant, as well as on the railway.Cannot be called before maturity. See V. 75, p. 79.ROAD.-Owns 12 miles of track, also a steam-heating plant (franchise
perpetual, operated in connection with the electric-lighting plant). Con-tract ordinance for city lighting expires April 1919.OFFICERS.-Pres., Dana Stevens; V.-P., J. B. Foraker
Jr.. Cincinnati;
Sec. and Treas.. F. A. Healy, Cincinnati.-V. 81. p. 155. 1100.
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34 ELECTRIC RAILWAYS [VoL.
(3) Fort Wayne Van Wert & Lima Traction Co.-A trolley road.ORGANIZATION.-On Mch. 1 1906 was leased, until expiration of fran-
chises and renewals thereof, to Lima & Toledo Traction Co., which guaran-teed the bonds, p. & 1. V. 82, p. 691. Lease was assigned to Ohio Elec. Ry.Aug. 31 1907. The latter company owns all the corn. stock. IncorporatedIn Indiana and Ohio. ' Road is entirely on private right of way, except Intowns, where it has 25 or 50-year franchises.STOCK AND BONDS.- Date, Interest Outstanding. Maturity
Common $1,000.000 ($100)_
-
$1,000,000 Pref $1,000,000 5 % n c ($100)_ _ __. ____ 1,000,0001st mortgage $2,000,000 gold1 1905 5g J-J 1,400,000 July 1 1930,guaranteed ($1,000) . _c• j Int. at Fidelity Tr. Co. Phila., Trustee.Bonds.-Of the $2,000,000 bonds, $600,000 are reserved for extensions
and improvements. V. 82, p. 691. Are not subject to call.ROAD.-64 miles of track from Ft. Wayne via New Haven, Monroeville,
Convoy, Van Wert, Middlepoint, Delphos and Elida to Lima. Commencedcomplete operation Nov. 15 1905. Connects at Ft. Wayne with the Ft.Wayne & Wab. Val. Trac. and at Lima with the Ohio Elec. By.. and formspart of through line from Ft. Wayne to Toledo and to Springfield, Daytonand Columbus. Standard gauge, 70-1b. T rail.OFFICERS.-Pres.. Dana Stevens; V.-P., J. B. Poraker Jr.; See. and
Treas., F. A. Healy.-V. 82, p. 691, 804; V. 83, p. 37.
(4) Cincinnati Dayton & Toledo Traction Co.-Trolley.Leased to the Ohio Electric By. Co.; see terms below.ORGANIZATION.-Incorporated in Ohio on May 19 1902, and is a con-
solidation of the Southern Ohio Traction Co., the Cincinnati & North-western Ry., the Miamisburg & Germantown Traction Co. and the Hamil-ton & Lindenwald Elec. Trans. Co. V. 74, p. 884, 1037. Franchises arefor 25 and 50 years. An issue of $250,000 preferred stock was made InApril 1905 to take up floating debt. V. 80, p. 1362. 1478, 1728.Lease.-Was leased to the Cincinnati Northern Traction Co. May 1 1905
or length of franchise and renewals thereof. Lease transferred to OhioElec. Ry. Co. Feb. 1 1908. The lessee is to pay all fixed charges, In-cluding Interest on the $1,500,000 bonds, and In addition It agrees topay $25,000 the first year, $37,500 the second year. $50,000 the thirdyear, $50,000 the fourth year, $62,500 the fifth year, $75,000 the sixth year,$87,500 the seventh year, $100,000 the eighth year. and an additional$12,500 per year when the annual gross earnings of the lessee from operationshall amount to $1,200,000, and Increasing at the rate of $12,500 per yearwith each $100,000 of increase in gross earnings, until the amount to be paidIs $200,000; also $2,000 per annum for organization and office expenses.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $5,000,000 ($100) _ ____ J-J $5,000,000 See text.Pref. $250,000, 5% cum__ J-J 250,000 See textCin. 'Day. & Tol. 1st cons.1 1902 5 g J-J 2.700,000 July 1 1922M. ,$5,000,000,g.($1,000)c*JInt. at Cleveland Trust Co., Trustee.
13outhern Ohio Trac. 1st cons.$2,000,000 ($1,000)gold. c* 1900 5 g M-N 1,350,000 May 1 '20Interest at Ciev. Trust Co., Trustee, or at Standard Trust Co., N. Y.
Oln.& Ham.Elec.lst g.($500) 1898 6 g Jea 400,000 Apr. 1 1918$500,000, not sub, to call_Int. at Cit. Sav.&Tr. Co., Cleve. Trustee.
Dayton Traction 1st M., 1896 5 g J-J
i
250,000 July 1 1916g.($1.000) , int. guar _ _c* Int. at Finance Co. of Penn., Phila., Trustee.
Hamilton & Lindenwold) .Elec. Transit 1st M. s. f. 1901 5 g J-D 250,000 Dec. 1 1911$250,000 g. ($1,000), cflInterest at Cleveland Trust Co., Trustee.
Mlam. & Germ. 1st, guar,. 1 1901 5 g J-D 50,000 Dec. 1 1911($50,000) g. ($1,000) _c*JInterest at Cincinnati Trust Co., Trustee.Bonds.-None of the issues are subject to call. Of the $5,000,000 Cin.
Day. & Tol. Trac. Issue. $2,300,000 is reserved to retire prior liens. SeeV. 81.p. 154.Of the $2,000,000 So. Ohio Traction bonds, $650,000 are reserved to
retire Cin. & Ham. Electric bonds and Dayton Traction bonds. Issuelisted on Philadelphia Stock Exchange.The Hans. & Lind. Elec. Tran. bonds cannot be called before maturity;
a sinking fund, however, is provided, beginning with Dec. 1 1906, of 5%,and increasing by 1 % additional each year until 1911.
Dividends.-5 % per annum is paid on the pref. stock. On common divi-dends are being paid in accordance with terms of lease.ROAD.-Owns 83.93 miles of track (including second track and sidings),
connecting Cincinnati with Dayton, Including the Germantown, Mt. Healthyand College Hill branches; also including the Hamilton City lines. Roadbetween Hamilton and Dayton is being reconstructed on private right of way-V. 81, p. 154.
COLUMBUS DELAWARE & MARION RY.-A holding company.Receivership.-On Sept. 27 1909 Gen. Mgr. Geo. Whysall was removed
as co-receiver and Ell West was given entire charge. V. 89, p. 348, 847.A creditors' committee has been formed and President Webb has agreedto assign all his property to the committee as trustees. See V. 89, p. 528,592, 1541. Int. on 1st ref. bonds due Aug. 1910 is in default, but will bepaid by Feb. 1 1911. Int. due Feb. 1 1910 was paid July 30 1910. V. 91,p. 336. Coupons due May 1 1910 on Col. Del. & Marlon Elec. RR. bondswill be paid on or before Nov. 1 1910.In Nov. 1909 bondholders' committee, with State Say. Bank & Tr. Co.,
Columbus, as depositary, was formed to protect Col. Delaware & MarionBy. 1st ref. mtge.; Col. Del. & Mar. Elec. RR. 1st mtge.; Col. Nor. By.,Power & Equip. 1st mtge. and Marlon Ry., Light & Power 1st mtge.,which bonds are to be deposited. V. 89, p. 1347.
ORGANIZATION.-Incorporated in Ohio in Oct. 1904 and owns theentire capital stocks of the Columbus Delaware & Marion Elect. RR. ($1 .000-000) the Marlon Ry., Light ec Power Co. ($300,000) and the ColumbusNorthern By., Power & Equipment Co. ($300,000).STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Commo 1, $2,100,000 ($100) _ $2,100,000 Pref. "A" 6% cum. $500,000_Pref. "B" 1-6% cum $400,0001st ref mtge. $2,500,000.1 1904 5 g F-A 915,000 Aug. 1 1944
gold ($500 & $1,000)...c*IInt. at Mercantile Tr. Co.. N. Y., Trustee.Stock.-The pref. "A" and pref. "B" shares were created in 1908 (V. 86.
p. 1284) , and dividends on both are cumulative, but those on the "B"shares are entitled to only 1% the first year, with an additional 1% for eachyear thereafter until 6% is reached.Bonds.-Of the new ref. mtge. $1,585,000 are reserved to retire the bonds
of the Col. No. By. P. & E. Co., the Marion Ry., Lt. & P. Co. and the C. D.& M. Elec. RR,OFFICERS.-Pres., John G. Webb; V.-P., 0. M. Gotschall; Sec., Henry
B. Hane; Treas., N. J. Catrow; Gen. Mgr., J. R. Harrigan.-V. 89, p. 348,528, 592, 847, 1347, 1541; V. 90, p. 372; V. 91, p. 336.
(1) Columbus Delaware & Marion Electric RR.Int. due May 1 1910 not paid but will be before default period, Nov. 1 '10.ORGANIZATION.-Incorporated in 1901.BONDS- Date. Interest. Outstanding. Maturity.
1st -aortg., $1,000,000, gold( 1001 5 g M-N $1,000,000 May 1 1921($1,000) c*i Int. at Cleveland Tr. Co. Cleveland.
ITrustee, or Nat. Bank of Com. in N. Y.Bonds.-See V. 75, p. 78.ROAD.-Operates an electric railway over private right of way from
Columbus to Marion, passing through Franklin, Delaware and Marioncounties. Also 4 miles in the City of Delaware, a total of 57 miles.OFFICERS.-Pres.. Jno. G. Webb; V.-P. 0. M. Gottschall; Treas.,
Henry B. Hane; Sec., Jas. S. Webb; Gen. Mgr., J. R. Harrigan. Office,100 W. Gay St., Columbus, 0.-V. 77, p. 1533, 2281; V. 80, p. 117.
(2) Columbus Northern Ry. Power & Equipment Co.ORGANIZATION.-Incorporated in Ohio on Oct. 24 1904 to erect a
power house at Delaware and sub-stations to supply electricity for powerand heat. Receiver of Col. Del. & Marlon By. was authorized to borrowmoney to pay interest due Sept. 1 1909. V. ID, p. 592. $5,000 sinkingfund was paid Dec. 28 1909. Sept. 1910 interest was paid.BONDS- Date. Interest. Outstanding. Maturity
1st mortgage. *300,000 gold) 1904 5 g M-S $285,000 Sept. 11034($1,000) cf Int. at Standard Trust Co.. N Y Trustee.OFFICERS.-Pres., John G. Webb; Sec., Henry B. Hane; Treas., James
S. Webb.(3) Marion Railway Light & Power Co.ORGANIZATION.-Incorporated in Ohio on June 24 1903 and Is a con-
solidation of the Marion Street Railway Co. and the Marion Electric Light& Power Co. July 1910 Interest was paid.
BONDS- Date. Interest. Outstanding. Maturity.1st mortg., gold ($1,000)_c* f 1904 5 g J-J $300,000 July 1 1924
lInt. at Standard Trust Co.. N. Y.. Trustee.Bonds.-No sinking fund and bonds cannot be called.ROAD.-6 miles of track in Marion Standard gauge. 80 and 80-lb.
rail.OFFICERS.-Pres., John G Webb Sec., Geo Whysall; Treas., Jas. S.
Webb.-V. 77, p. 89.
COLUMBUS MARION & BUCYRUS RAILROAD CO.Receivership.-On Sept. 9 1909 Geo. Whysall of Marion and E. M. West
(who was succeeded by F. E, Guthry) of Columbus were appointed re-ceivers. Defaulted on interest due Sept. 1 1909. V. 89, p. 666. OnDec. 3 1909 receivers filed an application to issue $65,000 receivers' certifi-cates for equip, and completing road. V. 89, p. 1541. $20,000 have beenIssued.ORGANIZATION.-Incoroorated in Ohio on July 29 1905 to build from
Marion to Bucyrus, Ohio, 22 miles. Put in operation in July 1908. 60-1b.T rail.STOCK AND BONDS- Date. Interest. Outstinding. Maturity.
Stock $500,000 $500,000 First mortgage $500,000 ($1,-) 1905 5 g M-S 500,000 Sept 1 1935000) gold ej Interest at Chit innati Trust Co., Trustee.
Receivers' certificates 20,000 BONDS.-Sinking fund of $5,000 ner annum begins Sept. 1 1910. Guar-
anteed, prin. and int., by endorsement, by Columbus Delaware & MarionRy. Cannot be called.OFFICERS.-Pres., J. G. Webb; V.-P. Geo. H. Holzbog; Sec., 11. B
Hane; Treas., J. S. Webb.-V. 89, p. 666, 1541.
MARION & WESTERN RAILWAY, LIGHT & POWER CO.ORGANIZATION.-Incorporated in Ohio on Sept. 26 1906 to purchase
the Prospect Electric Light Co. and to build from Prospect to Richwood,Ohio, 7 miles. Road is under construction.
STOCK AND BONDS- Date, Interest. Outstanding. Maturity,Stock $200,000 $200,000 1st mortgage $200,000 gold) 1906 5 g A-0 200,000 1936($500) flute est at Cincinnati Trust Co., Trustee.Bonds.-Subject to call after 1912 at 110. Sinking fund of $5,000 per
annum after 1912.OFFICERS.-Pres., N. J. Catrow; V.-P., J. G. Webb; Treas., G. H.
Holzbog; Sec., J. S. Webb.
MARION & SUBURBAN RAILWAY CO.Receivership.-Int. due Oct. 1 1909 Is in default. In Feb. 1910 Geo. WhY-
sail was appointed receiver.ORGANIZATION.-Incorporated in Ohio Sept. 25 1906 to build the
necessary extensions of trackage to the local Marion City lines demandedby the city of Marion. Under construction.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock $250,000 $250,000 First mortgage $250,000 gold) 1906 5 g A-0 250,000 1936($500) f Interest at Cincinnati Trust Co., Trustee.Bonas.-Subject to call after 1912 at 110. Sinking fund of $5,000 per
annum after 1912.OFFICERS.-Pres. Geo. H. Holzbog; V.-P.. J. G. Webb; Treas., N. J.
Catrow; Sec., H. B. dame.
COLUMBUS NEW ALBANY & JOHNSTOWN TRACTION CO.-Atrolley road.ORGANIZATION.-Incorporated in Ohio on May 4 1899. In May 1905
canceled old mortgage for $200,000 and made the new mortgage In tablebelow. V. 80, p. 2399. Franchises are for 25 years.STOCK AND BONDS- Date. Interest. Outstanding. Maturity
Corn., $400,000 ($100) $220000:000000
1m(t6)tat e.
:. $ cum.), $200,0001Pref.
450,000 gold ( 1905 5 g J-J See text Js.n. 1 1925($500 and $1,000) Int. at Columbus Say. & Trust Co., Trustee,
or its agency in New York.All bonds in treas. and entire stock issued held by seven stockholdersREPORT.-For calendar year 1909, gross. $41,498; net after interest
and taxes, $14,383; rentals, $9,359; surplus, $5,024.ROAD.-Operates 8.8 miles of track from Columbus to Gahanna, Includ-
ing perpetual lease of 234 miles of tracks of the Columbus By. as terminal;gauge, 5 ft. 2 in.; 65-1b. T-rail. An extension of 17 miles to NewAlbany and Johnstown over private right of way to be built.OFFICERS.-Pres., Wm. D. Brickell; V.-P. Daniel J. Ryan; Sec.-Treas.,
and Gen. Man., L. P. Stephens.-V. 82, p. 1211.
SCIOTO VALLEY TRACTION CO.-Third rail.
ORGANIZATION.-Incorporated in Ohio, with a perpetual charter, In1904. Built on private right of way. Franchises extend beyond maturityof 1st mtge. bonds. In 1908 canceled $2,000,000 mtge. of 1903 and madenew mtge. for $4,000,000, which see below. Stockholders voted Sept 221908 authorizing $500,000 new 3% first preferred stock, which ranksahead of old preferred stock (V. 87, p. 481 and 615).STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
1,600,000 Sept 1 1923($1,000) c' I Int. at Harris Tr. & Say. Bk., Chic.,Trustee.Bonds.-The remaining $2,400,000 of 1st mtge. bonds can only be issued
for 75% of cash expenditures, and for permanent extensions and additionsto property, and only when net earnings are twice the interest charge onoutstanding bonds and those to be issued. Bonds have a sinking fund of1% per annum on bonds out 1913 to 1917, thereafter 2% per annum.They are not subject to call. See particulars, bonds, property, 4500., InV. 87, p. 679.Dividends.-DlvIdends on old Issue of pref. stock were to accrue from
Oct. 1 1905, but amounts duo Jan. 1 1906 and April 1 1906 were relinquishedby shareholders, and 1st div. (13%) was paid July 1906 and 13% Oct.1906. V. 82, p. 1440. 1907 to 1909 inclusive. 5% per annum. In 1910.Jan., 1 y, %: April, 1 % , July, 13f%: Oct., yi%.EARNINGS.-For 12 months ending June 30 1910, gross, $422,914;
net, $190,863; Int. & taxes, $95,090; divs., $75,000; surplus, $20,773.ROAD.-Operates 72 miles of track from Columbus to Lancaster and
from Columbus to Chillicothe. Is operated by third-rail system. Standardgauge. 70-lb. T rall. Within city limits of Columbus company operates overtracks of Columbus Railway 450 Light Co. under operating agreement.OFFICERS.-Pres. and Mgr., Frank A. Davis; V.-P., W. S. Courtright;
Sec and Treas.Edwin R. Sharp; Supt., C. Skinner.-V. 81, p. 32, 778,1551. 1661; V. 8.2, p. 101, 1158, 1440: V. 87. p. 481. 615. 679.
CONCORD, N. H.CONCORD STREET RAILWAY.-A trolley road extending from the
central wards of Concord to Penacook. Comprises 12.71 miles of track.In June 1901 control passed to the Boston & Maine RR., and in 1903 the
New Hampshire Legislature authorized the Concord & Montreal RR..which is leased to the Boston & Maine, to purchase the property and toIssue stock and bonds to pay therefor.
CORNING, N. Y.CORNING & PAINTED POST STREET RY.-A trolley road.ORGANIZATION.-Incorporated Dec. 11 1894. Commenced Nov. 1
1895. Control changed hands in 1904. V. 80, p. 162.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Interest at Beacon Tnr0tis0t0C0oj.,aBnostIoln9.16EARNINGS.-For year ending June 30 1910, gross, $53,706; net,
$18,713; other income, $285; Interest, taxes, &c., $8,554; surplus, $10,444.ROAD.-Owns 5.9 miles of track, from Corning to Painted Post, 14 cars.OFFICERS.-Pres., J. L. Greatsinger, Brooklyn, N. Y.; V.-P., Craig
Graves. New York; Sec., K. V. Dougherty, New York: Treas., B. A.Van Tassel! Jr., N. Y.; Compt., Chas. McCloud, N. Y.-V. 80, p. 162.
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OCT., 1910.] ELECTRIC RAILWAYS 35
CORTLAND, N. Y.CORTLAND COUNTY TRACTION.-Trolley.ORGANIZATION.-Is a reorganization on June 22 1901 of the Cortland
& Homer Traction, sold at foreclosure on April 23 1901. In June 1905 ab-Sorbed the Cortland & Homer Electric
Co.. previously controlled. Fur-
nishes 172 arc lights to the cities of Homer and Cortland and also light tothe public. Carries coal and freight as well as passengers. In May 1907was granted permission to increase the capital stock from $320,000 to $1,-000,000 and to issue a new 1st and refunding mortgage of $2,000,000 forthe purpose of retiring all outstanding Indebtedness and for extensionsand equip. Up to May 31 1910 no bonds issued.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stk., common, $320,000 ($100) $320,000 1901 4 g A-0 180,000 April 1 1920
First mortgage. $180,000 County Say. Bk. & Tr. Co., Scranton, Pa.,Tr.($500) gold c* Interest at company's office. No sinking fd.
Can be called on 6 months' notice.New mortgage, $500,000, gj 1905 5 g F-A 320,000 Aug 1 1935($500 and $1,000) of Interest at Empire Trust Co., N. Y., Trustee.Bonds.-01 the $500,000 issue of 1905, $180,000 are reserved to retire
prior liens. They are subject to call after Aug. 1 1910 at 105.ROAD.-Operates 15.92 miles of track between Cortland, Homer, Little
York and Preble. and between Cortland and McGrawville; 33 cars.EARNINGS.-For fiscal year ending June 30 1909: Gross: railway,
$75,193; lighting, $55,200; net: railway, $20,782; lighting, $26,595; totalnet income, $47,377; charges and taxes, $33,239; surplus, $14,138.OFFICERS.-Pres. D. W. Van Hoesen; V.-P., Edw. H. Brewer; Sec.,
G. H. Garrison; Tree's. and Gen. Mgr., Edwin Duffey.-V. 81. p. 307.
A trolley road.Lease.-Was leased from April 1 1907 to the Columbia Gas & Electric Co.
(incorporated In Ohio) for 45 years. The lessee guarantees interest onbonds and 4A % per annum on preferred stock. On common dividends areto be 3 % for first year, increasing 3,5 % each year until 6% is reached, whichIs to be the rate thereafter. See V. 84, p. 449, 730; also terms in V. 84,
13• 1489. under Columbia Gas & Electric.ORGANIZATION.-Incorporated under the laws of New Jersey on
March 11 1902 and purchased all the stock of the Union Light, Heat &Power Co. of Covington and of the Cincinnati Newport & Covington RaftwaY.V. 74, p. 576. The latter was organized in 1892 to buy up and consolidateall the roads on the Kentucky side of the river opposite Cincinnati.The Cincinnati Covington & Erlanger Street Ry. (providing for an exten-
sion to Erlanger, 7( miles), Incorporated Sept. 1899 with $250,000 stock(shares, $50), is controlled and is being built out of proceeds of sale of thepref. stock of the new company. About 3 miles have been completed.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
So Coy & Cin 1st mortgage 1882 6 M-S 250,000 March 1912($1,000) W. A. Goodman, Trustee.
2d consol mtge, $500,000, g 1892 6 g J-J 150,000 Jan 1 1932($500-$1,000) Covington Say. Bk. & Tr. Co., Trustee.
Newp & Day St Ry 1st M____ 1887 6 F-A 100,000 Aug 1 1917Cincinnati Newport do Covington-
lst consol mtge, gold, $3.- 1892 5 g J-J $2,500,000 July 1 1922000,000 ($1,000) c*&r Farmers' Loan & Trust Co. of N. Y., Trustee
2d mortgage, $1,000,000, g, 1896 5 g J-J 600,000 July 1 1022($1.000 each) c Farmers' Loan & Trust Co., N. Y. Trustee.Union Light. Heat & Power Co.-
Ma - n o f Nk $
1st mtge, $2,000,000, gold Int9.0alt Nat.4Ir B C1,50,0 MyCommerce N.
Na.y. F114 .188t
0 100, $500 and $1,000)c&r National Bank, Cincinnati, or at GermanI
National Bank, Covington.Bellevue Water F & (4 L Co,1 ____ 6 g JD 100,000 Dec 1 1912mtge, $100,000 ($1,000) _c*JInt. at German Nat. Bank, Covington. Ky. .Bonds.-Of the first consolidated bonds of 1892 of the C. N. & C. By.,
$500,000 are deposited with the trustee to retire all the underlying mortgagebonds. The perpetual charters of constituent companies are kept alive,and their capital stocks are deposited with the trustee as collateral for thefirst consols. Interest on those bonds is payable at the National Bank ofCommerce, New York, First National Bank, Cincinnati, and German Isia-Lionel Bank, Covington. The Union Light, Heat tic Power Co. bonds can becalled at 110 and Interest. Of these, $500,000 are available for improve-ments, additions or purchase of other companies at par for actual cost.DIVIDENDS.-On preferred 4A % is being paid. On common stock
first dividend of % % was paid July 15 1907 and '4% Oct. 15 1907. In1908, 3 % %; in 1909, 3'4%; in 1910, Jan., 1%; April, 1%; July, 134%.ROAD.-Connects Cincinnati, Newport, Covington, Dayton, Bellevue.
Ludlow, Bromley and Fort Thomas. Total in operation, 60 miles; laidwith 80 lb. Johnston girder and 72-1b. "T" rails.OFFICERS.-Pres., James C. Ernst; V.-P., James M. Hutton; Sec..
and Treas., George M. Abbott.-V. 83, p. 1228; V. 84, p. 449, 930, 1366,1488 V. 88, p. 824.
CUMBERLAND, MD.CUMBERLAND & WESTERNPORT ELECTRIC RY.-A trolley road.In 1909 control was purchased by H. L. Doherty 4% Co.of New York.
V. 89, p. 1410.ORGANIZATION.-Organized in Maryland on April 11 1902. by special
Act of the Legislature, as successor to the Frostburg Eckhart & CumberlandBy. Has absorbed the Lonaconing Midland & Frostburg By. and theWesternport ,Sc Lonaconing.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
IFrost Eck & Cumb first mtge 1901 5 g J-D 15 230,000 June 1926$250,000 g($500&$1,000)c* Int. at Real Estate Trust Co., Phila., Trust,
Lonac Mid & Frost first mtge 1901 5 g J-D 15 200,000 June 1926$200,000 gold ($1,000) _ _c* Int. at Real Estate Trust Co., Phila.. Trust.Certain of the above issues can be called at 105.ROAD.-Operates 25 miles of track between Cumberland, Eckhart,
Frostburg, Lonaconing and Westernport; 60, 75 and 92-lb T and girderrail; standard gauge.OFFICERS.-Pres., C. L. Bretz; Sec. and Treas., D. P. IIartzell.-V. 89,
p. 1410.
DALLAS, TEXAS.DALLAS ELECTRIC CORPORATION.-Trolley.ORGANIZATION.-Incorporated in New Jersey in 1902. Does an
electric railway and electric lighting business in Dallas by virtue of theownership of securities of certain local companies Franchises of subsidiarycompanies expire between 1922 and 1925. See V. 84, p. 157. Sharehold-ers in July 1909 authorized an issue of $2,000,000 first pref.stock and It wassold in blocks of 10 shares of first pref.and 4 shares of common for $925.V. 89, p. 224. For decision on occupation tax on Dallas street railways,see V. 89, p. 41.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $3,000,000 ($100). $2,870,000 First pref $2,000,000 6% cum_($100) A-0 1,300,000 Apr '10. 3%
2d pf $2,000,000 5% n-c ($100) A-0 2,000,000 Oct '09 2%First collet trust mtge $4,0004 1902 5 g A-0 3,658,000 April 1 1922000, gold ($100, $1,000) _c*1Interest at City Trust Co., Boston. Trustee.
Notes payable July 31 1910_ _ _ _ 110,000 Stock and Bonds.-First pref. is redeemable on and after Oct. 1 1912 at
105 and accumulated divs. Sinking fund 1% per annum of outstandingbonds, Jan. 1 1910, $242,000, were held in sinking fund. Bonds can becalled as a whole on any interest date at 105 and interest. $25,000 of thebonds are in denomination of $100, rest being $1,000 each.Dividends.-On second pref. stock in 1905, 2 A%; in 1906, 5%; in 1907
April, 2 A %; none to Oct. 1909, when 2% was paid. None since.EARNINGS.--For 12 months ending Dec. 31 1909, gross, $1,320,122
net, $498,631; interest and taxes, $297,811' dividends, $79,000; surplus.$121,820; sinking fund, $40,000; balance, $81,820.ROAD.-Owns and operates 59.8 miles of track in the city of Dallas and
suburbs. Rails, 45 to 91 lbs. 162 cars. Standard gauge.OFFICERS.-Pres., Marshall M. Phinney; V.-P., Robert T. Paine 2d;
Treas., Henry B. Sawyer; Sec., Clement R. Ford. Stone & Webster,Boston, Auditors 'Sc Transfer Agents.-V. 89. p. 41, 224, 778.
TEXAS TRACTION CO.-A trolley road.ORGANIZATION.-Incorporated in Texas. In 1906. Franchises rue
for 50 years on streets and highways; rest of road built on private right ofway. Holds an option on securities of Denison & Sherman Ry. Co.STOCK AND BONDS- Date, Interest. Outstanding. MaturitY•
Common $2,000,000 ($100)- $2,000,000 Pref $1,000,000 6 % cum ($100) 1,000,000 First mtge sinking fund $34 1907 5 g J-J 2,000,000 Jan. 1 1937000,000 ($1,000) g___c*&rlInt. at Old Colony Trust Co. Boston, Trust.Bonds.-01 the $3,000,000 new mortgage $1,000,000 is reserved for future
Improvements and extensions. Bonds can be called at 110 and accruedInterest on any interest date upon 30 days' notice. A sinking fund of 5 %of gross earnings, beginning July 1 1912, to be used in the purchase of bonds.EARNINGS.-For year ending June 30 1910, gross, $361,332; net, •
$128,804; int., taxes, &c., $110,980; surplus, $17,824. In 1908-09. gross,$263,316.ROAD.-Operates an interurban line between Dallas and Sherman
66 miles. Enters Dallas over tracks of Dallas Electric Street By. Entireroad was put in operation July 1 1908. On May 1 1909 began operatingcars through to Denison, using tracks of the Denison tSc Sherman Elec. By.
OFFICERS.-Pres., J. F. Strickland; V.-Ps., J. S. Heard, W. R.Brents; V.-P. & Treas., Osce Goodwin; Sec., James P. Griffin; Gen. Mgr.,R. B. Stichter. Office, 300 Commerce St., Dallas, Texas.-V. 84. p. 624V. 87. p. 98; V. 88, p. 824.
DANBURY, CONN.DANBURY & BETHEL STREET RY.ORGANIZATION.-Incorporated May 7 1886 under the laws of Con-
necticut. Has a perpetual special charter, the only street car companyserving the city of Danbury and town of Bethel. Its lines also extend tothe Danbury Fair Grounds and the pleasure resort of Lake Kenosia. InMay 1903 the State Legislature authorized an increase of $300,000 of capitalstock to provide for extensions.STOCK AND BOND- ate. Interest. Outstanding. Last ditt.,ttc.
Stock $623,000 (par $25)-------- Semi-ann. $320,000 July '10.2 %First mtge $200,000 gold 1894 5 g M-N 200,000 May 1 1914Consol mtge $300,000 goldf 1906 5 g M-N 100,000 May 1 1936($500 and $1,000) lInt. at American Trust Co., Boston. Trustee.
Debenture bonds 875,0001 1908 6 M-S 75,000 Alch 1 1918f$1,000 and $5001 ofBonds.-Ot the $300,000 consol. mortgage, $200.000 is reserved to retire
the 5s due 1914. The debentures are redeemable at 105 on any interestdate after due notice. No further mtge. can be made on property withoutincluding these debentures.
Dividends.-In 1896-97; 4%; in 1897-98. 4 %; in 1898-99, 2 %; in 1899-1900. 1 %; in 1900-01, 1 4 %: in 1901-02, 3%; in 1902-03, 3%; in1903-04, 1 M%; 1907 to 1910 incl., 4% annually.ROAD.-Trolley road in Danbury, and from Danbury to Bethel, and to
Lake Kenosia, 15.031 miles in all: sidines, &e.. .949 miles; total. 16miles. 42 passenger and 7 other cars. Standard gauge.
REPORT.-For year ending June 30:• - • Gross. Net. Int. & Taxes. Dies. Balance.
OFFICERS.-Pres., Samuel C. Holley, Danbury; V.-P., S. HarrisonWagner, New Haven; Sec: & Treas., M. H. Grilling, Danbury.-V. 83,p. 36; V. 86, p. 1159.
DANBURY & HARLEM TRACTION CO.-A trolley road.
Receivership.-On June 2 1908 three Philadelphia banks applied for areceiver, interest on bonds having been defaulted. V. 86. p. 1409. OnJan. 23 1909 road was sold at foreclosure to the bondholders. committee.H. M. Van Court, Chairman, care Central Trust eG Savings Co., Philadelphia.V. 88, p. 94. Negotiations a're under way for the purchase of the road fromthe committee. Up to Sept. 1910 road not yet sold.ROAD.-Has under consirrluction 17 miles of track from Danbury. Conn..
to Golden's Bridge, N. Y. About 8 miles of track has been completed.70-1b. ralls.-V. 86, p. 1409; V. 87, p. 226. 1664; V. 88, p. 294.
DANVILLE, ILL.ILLINOIS TRACTION CO.ORGANIZATION.-Incorporated in Maine on May 13 1904 and owns
all the capital stock of the following companies.Bloomington & Normal Ry. & Lt.Co. Peoria Bloomington & Cham. Tr. Co.Chicago Bloomington & Decatur By. Peoria Lincoln Springfield By.Citizens' Railway Co. of Venice. Peoria Railway Co.Danville & Eastern Illinois By. St. Louis Decatur & Champaign By.Danville & Northern RR. St. Louis Electric Bridge Co.Danville Street Railway & Light Co. St. Louis Electric Terminal R.Danville Urbana & Champaign By. St. Louis Springfield & Peoria RR.Decatur Railway & Light Co. Springfield Belt By.Des Moines Electric Co.. Topeka Edison Co.Illinois Central Traction Co. Topeka Railway Co.Illinois Western Ry. Urbana & Champaign Railway, GasJacksonville Railway & Light Co. & Electric CoMadison County Light & Power Co. Urbana Light, Heat & Power Co.In April 1907 obtained a 50-year franchise on certain streets of St. Louis
and was also given authority by the U. S. Government to build a bridgeacross the Mississippi River to Venice, Ill. Has contract with U. S. ExpressCo. to transport its business for two years, starting with April 1 1908, on apercentage basis.Stockholders voted Feb. 8 1909 on increasing the preferred stock from
$4,000,000 to 85,000,000 and the common from $7,000,000 to $8,000,000.On Aug. 26 1909 company filed a certificate increasing its authorized com-mon stock from $8,000,000 to E10,000,000 and its preferred from $5,000,000to $6,000,000. V. 89, p. 721.On Dec. 31 1909 the bonded indebtedness of the properties controlled
was $24,956,814, with $3,836,000 more bonds on properties under con-struction.STOCK AND BONDS- Date. Interest. Outstanding. Last Div.
Common $10,000,000 ($100) $9,964,000Pref 6% cum $6,000.000 ($100) Q-J 4,552,600 See text.Stock.-Addltional preferred stock can only be issued when net earnings
are equal to 9 % on preferred stock out and the amount proposed to beIssued. Preferred stock is listed on Montreal Stock Exchange.
Dividends.-6 % per annum is being paid on the preferred stock.REPORT.-For calendar years. Report for 1909 in V. 91, p. 211.Gross Earnings- 1909.1908. .
Interurban $1,980,779 $1,847,381 $1,610,257Local street railway 1,371,119 1,283,892 1,226,591
293,072Gas • 277,085 259,572Electric light and power 961,115872,394 819.427Steam heating 138,486
7,511 127,453
us Miscellaneo 134,286
14 13,282
Total gross earnings $4,752,082 $4,415,052 $4,056,582Operating expenses $2,585,043 $2,423,757 $2,217,287a General and overhead expenses 43,150Taxes 120,876 99.022 78,952
Total operating expenses $2,749,069 $2,522,779 $2,296,239
Net earnings $2,003,013 $1,892,273 $1,760,343Less net earnings of Des Moines prop-
erty prior to purchase 75,749 147,776 109,643
$1,927,264 $1,744,497 $1,650,700Interest, &c., for 1909 amounted to 61,258,051 and dividends on preferred
stock $259,146; leaving a surplus for that year of $410,067.
a General and overhead expenses included in operating expense totalsfor years prior to 1909. 4
ROAD.-The Interurban lines comprise 445.26 miles of track (of which19.2 miles are leased); city lines comprise 114.93 miles of track; total of alllines, 560.19 miles. Interurban lines have 102 motor passenger, 18 motorexpress, 47 train and 400 gondola flat and obox cars; city lines have 210motor cars and 149 others. 40 generators, located at 9 different points.have a capacity of 20,650 kilowatts.
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36 ELECTRIC RAILWAYS [VOL. LXXXXI.
OFFICERS.-Pres., W. B. McKinley, Champaign; V.-P. and Treas., GeoM. Mattis, Champaign; Sec., T. B. Macauley, Montreal; Gen. Mgr., M. E.Chubbuck.-V. 88. p. 295, 374, 451, 564, 1369; V. 89, p. 225, 721, V. 90,p. 303, 559; V. 91. p. 38, 211, 589.
LOCAL STREET RAILWAYS.(1) Bloomington & Normal Railway & Light Co.ORGANIZATION.-Incorporated in Illinois on Feb. 23 1906 as a con-
solidation of the Bloomington & Normal Ry., Electric & Heating Co. andthe Consumers' Light & Heating Co. of Bloomington.STOCK AND BONDS- Date. interest. Outstanding. Maturity.
Stock, $1,000,000 ($100)- $1.000,000 1st and ref mtge, $2,000,000, 1906 5 g A-0 770,000 May 1 1936
gold ($1,000) c Central Trust Co., Chicago. Trustee.B&NRE&H 1st mtge. 1902 5 g J-D 379,000 June 1 1927$600,000 ($1,000) g, s Lc* Int. at Ill. Tr. & Say. Bk.. Chicago, Trustee.Bonds.-01 the $2,000,000 new bonds, $600,000 were reserved for prior
liens and $630,000 for extensions. Are guar., p. and I., by Ill. Trac. Co.Int. at Agency of Merchants' Bank of Canada. New York. No sink.fund. but bonds can be called at 105 on any int. date. The By., Elec. &Heating Co. bonds are subject to call at 110 and int. Sink. fd.. $10,000 an-nually, began June 1908; $21,000 have been retired.ROAD.-Operates17 42 miles of track in, around and between Blooming-
ton and Normal. Rails 45, 60 and 70 lbs. Has 18 motor cars and 6trailers.(2) Citizens Railway Co. of Venice.Owns 4.88 miles of street railway in Madison, Granite City and Venice.
Has 6 motor cars. All stock owned by Illinois Traction Co. $400,000temporary bonds issued.(3) Danville Street Railway & Light.ORGANIZATION.-Incorporated in Dec. 1899 as a consolidation of all
the street railway, electric light, gas and steam-heating interests. Entirestock is owned by Illinois Traction Co.STOCK AND BONDS- Date. Interest. Outstanding.o93o,00 Maturity.$
Stock $700,000 ($100) _Refunding mortgage $700,0001 1900 5 g J-J 694,000 Jan 1 '11-'25
gold ($1,000) c*lInt. at N. W. Harris & Co., N. Y. and Chic.Danville & Northern mort-J 1904 5 M-S 17,000 Sept 1 1914gage ($20,000) lInterest at Second Nat. Bank, Danville.
Debenture bonds 5% 391,000 Bonds.-The bonds are due $6,000 annually Jan. 1 1910 to 1924 inclusive.
and remainder on Jan. 1 1925: $6,000 have been retired. Sinking fund of$6,000 per year began Jan. 1 1910, bonds being drawn (at par and accruedint.) in numerical order, beginning with No. 1, Mortgage trustee is theIllinois Trust & Savings Bank, Chicago. V. 70, p. 125.COMPANY'S PROPERTY.-The company owns the following: 1. Gas
works operated under special charter and a perpetual franchise. 2. Anelectric-light plant is operated under a 99-year franchise, and was furnishing,Dec. 31 1907. 65,000 incandeicent and 1,165 arc light,: also has dynamosfor furnishing power to street railway. 3. The entire street railway systern of the city, 16.37 miles of track, nearly all laid in brick pavement,running to three parks, the fair grounds, cemetery and railway depots andNational Soldiers' Home. Equipped with 50, 60 and 70-lb. Johnson T rails,with 26 motor cars (General Electric) and 12 others.OFFICERS.-Same as those for Danville Urbana & Champaign Railway
Co.-V. 76, P. 1142. 1300.(4) Decatur Railway & Light Co.ORGANIZATION.-Incorporated in Illinois in Dec. 1903 to take over
the property of the Decatur Traction & Electric Co., the Decatur Gas &Electric Co. and the Decatur Steam Heating Co., owning all the street rail-way. gas and electric lighting business and steam-heating plant In Decaturand suburbs.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock *1,300,000 ($100) - $1,300,000 Decatur Gas & Electric Col 1899 5 M-N 285,000 May 15 1929
first mortgage Int. at Merch. L. & Tr. Co., Chic.. Trustee.Decatur Gas & Elec Co 2d M 1899 5 M-N 90,000 May 1 1930$400,000 ($300,000 reserved }Interest at Merchants' Loan & Trust Co.,for above) J Chicago, Trustee.
Dec Trac & Elec 1st M $300,-j 1900 5 J-J 212,000 Jan. 1 1921000 ($500& $1,000 each) .c*l Int. at Illinois Tr. & Say. Bk., Chic., Trustee
Dec By & Lt Co 1st & cons M 1903 5 g J-D 713,000 Dec. 1 1933$1,300.000 gold ($1,000).c* Int. City Tr. Co.. Bost.. Tr., & agency InN.Y
Dec By & Lt gen mortgage, 1910 5 J-D 206,000 Dec. 1 1933$1,000,000 ($1,000) lMontreai Trust Co., Montreal, Can., trustee.Bonds.-$587,000 Decatur Railway & Light Co. first and consols. are re-
served to retire an equal amount of prior liens as above. A sinkingfund of 10% of the net earnings, or not less than 1% of outstandingbonds, is to be invested in the bonds. These bonds are subject to call at10734 and Int. on any interest date upon 60 days' notice. Of the DecaturGas Electric Co. first mtge. bonds, $15,000 must be redeemed on May 151910 at 105 and a like amount each year thereafter in numerical order.These bonds are subject to call in 1909 at 105 and interest. The secondmtge. bonds of the Decatur Gas & Electric Co. are redeemable at any timeat 105 and int., but there is no sinking fund on these bonds. General mtge.bonds are red. at 102 M and int. on any Int. period. Remaining bonds arcreserved for extensions. Int. payable at agency of Merch. Bk. of Can.,N. Y.They are unconditionally guar., p. & I., by end., by Ill. Trac. Co.V. 91, p. 38.EARNINGS.-Calendar year 1909, gross, $388,358; net, after taxes,
2186,011. In 1908, gross, $350,274; net, after taxes, $159,206.ROAD.-Operates about 15 miles staedard-gauge road in Decatur and
suburbs; 60 and 72-lb. T rails. 23 motor cars and 16 others.-V. 91, p. 38.(5) Jacksonville Ry. & Light Co.ORGANIZATION.-Incorporated in Maine in Dec. 1905 and is a con-
solidation of the Jacksonville Ry. Co. and the Jacksonville Gas Light &Coke Co. Franchise perpetual.STOCK AND BONDS- Date, Interest, Outstanding. Maturity.
Stock, $500,000 ($100) - $100,000 Jack By de Lt 1st con mtge 1906 5 g J-J 430,000 Jan 1 1931$1,000 000,gu, g ($1,000)0 Central Trust Co., Chicago, Trustee.
Jacksonv Gas Light & Coke 5 J-J 175,000 Jan 1 1931Co 1st mtge Int. at Merchants' Loan & Tr. Co., Chicago.
Jacksonv By 1st mtge, $75,- 1892 6 J-J 34,000 Jan 1 1912 St. Louis-Union Trust Co , Trustee.
Bonds.-01 the 21,000,000 1st consols, $209,000 are reserved for priorliens. Are guar., p. and I., by Ill. Trac. Co. Two per cent of bonds out ispayable annually to a sinking fund. Are subject to call on any int. dateat 105. Int, payable at Merchants' Bank of Canada, New York.ROAD.-Operates about 7.65 miles of track and also does electric lighting
and gas business in Jacksonville. 14 motor cars and 9 others.(6) Peoria Railway Co.-A trolley road.ORGANIZATION.-Incorporated under general railroad laws of Illinois
in 1906 and is successor to the Central Railway Co. Has acquired, ownsand controls all street railway lines in Peoria and outlying suburbs ofAveryville, Peoria Heights and East Peoria. The entire stock is controlledby the Illinois Traction Co. N. W. Halsey & Co., New York and Chicago,offered the 1st and ref. bonds for sale. V. 89, p. 42.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock $1,000,000 $1,000,000 Central By first mortgage 1895 5 g A-0 570,000 April 1 1915$750,000 gold ($1,000) _ _0* Int. at New York Trust Co., N. Y. trustee.
First & ref mtge $3,600,000 1906 5 g F-A 2,214,000 See textgold ($1,000) c* Interest payable in New York.
General mortgage 1909 5% 53
Bonds.-Of the $3,600,000 first and ref. bonds, $570,000 are reserved toretire prior liens and $706,000 for additions and improvements at 75%cost: $110,000 have been retired. They are guar., p. & I., by endorsemenby Illinois Trac. Co. This guaranty is a prior obligation to the stock of theIll. Trac. Co. The bonds are secured by the first mtge. upon all the proper-ties and franchises of the Peoria By. Co., now owned or hereafter acquired,subject only to the $570,000 underlying bonds of the Central By. Co. Thetrustee is the Illinois Trust & Savings Bank, Chicago, Ill. The bondsexpire on Feb.1 as follows: $25,000 in 1908, $30,000 in 1909, $35,000 in1910, $55,000 in 1911, $60,000 in 1912, $65,000 in 1913, $70,000 in 1914,$75,000 in 1915, $80,000 in 1916, $85,000 in 1917, $95,000 in 1918, $100,000in 1919, $105,000 in 1920, $110,000 in 1921, $115,000 in 1922, $120,000 in1923, $125,000 in 1924, $130,000 in 1925, and Um remaining $750,000 in1926. They are subject to call on any interest date at 105 and interest.See V. 83, p. 38, 436; V. 39, p. 42; V. 90, p. 560.
EARNINGS for calendar years:Year-. Gross. Net (aft. taxes). De9,0pr9'1n. Bond Int. Bal., Sur.1909 5569432:369619 $302,830
$2 $168,158 $104,762
1908 ROAD.-Owns and operates 50 of standard-gauge track, 104 motor
cars, 40 other cars. Also owns valuable property near the centre of cityand considerable other real estate, including several amusement parks.estimated;to be worth $500,000.-V. 87, p. 37; V. 89, p. 42; V. 90, p. 560.
(7) Topeka Railway Co.See statement of this company under Topeka, Kan.(8) Urbana & Champaign Railway. Gas & Electric Co.ORGANIZATION.-A consolidation in 1897 of Urbana & Champaign
Electric Street., Champaign Electric Light & Power, Champaign & UrbanaGas Light & Coke and West End Park companies. Owns perpetual gasand steam charter. The underlying railroad charter is also perpetual.Franchise in 1901 extended for 20 years.STOCK AND BONDS . tstanding. Maturity.
Stock $500,000-------------------------$500,000 U & C Ry, G & E M $250,0001 1897 5 g J-D 170,000 June 1 1917gold sink fund $8,000 yrly Int. at Illinois Tr. & Say. Bank, Chic., True.,June 1 1900& aft($1,000)c* or at Chase National Bank, New York City.
Consolidated mortgage $5004 1899 5 g J-J000 ($1,000) gold
330,000 July 1 1929cl Int. Portland Tr. Co., Portland, Me., Trust.
Debenture bonds 5% 270,000 Bonds.-Of the new issue of $500,000, sufficient are reserved to retire first
mortgage bonds. The bonds are subject to call on any Interest date at 105.ROAD .-Operates 8 miles of track in and between Champaign andUrbana
Has 15 motor cars and 8 others.
INTERURBAN ROADS.(9) Chicago Bloomington ec Decatur Rs,.ORGANIZATION.-Incorporated in Illinois in April 1905 and operates
a road from Bloomington through Clinton to Decatur, 49.6 miles. Has 6motor cars 1 locomotive and 75 trail cars. Stock is all owned by theIllinois Traction Co. Mostly private right of way.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock All owned by Illinois Traction Co.1st Div mtge. $2,000,000,) 1906 5 g A-0 $1,188,000 Oct 1 1936guar, gold ($1,000) c* Central Trust Co., Chicago, Trustee.Bonds.-Are guar., p. and ., by Ill. Trac. Co. They are subject to call
on any interest date on 30 days' notice at 105.OFFICERS.-Same as those for Illinois Traction Co.-V. 81, p. 558.(10) Danville Urbana & Champaign Ry.ORGANIZATION.-Incorporated in Illinois under the railroad laws on
July 28 1902. Owns the Danville Paxton & Northern By. Mostly privaterig of Kway.
AND BONDS- Date, Interest. Outstanding. MaturityStock $2,000,000 $2,000,000 First mortgage $2,000,0001 1903 5 g M-S 1,847,000 Mch. 1 1923
gold ($1,000) guaranteed Interest at Agency of Bank of Montreal, N.Y.c* Northern Trust Co., Chicago, Trustee.
Second mortvage $500,0001 1905 6 g J-J 450,000 See text.gold ($1,000) serial _ _ _ _ c4.1 Int. at Agency Merchants' Bk. of Can.. N.Y.Bonds.-The first 5s have no sink. fd., but are subj. to call on any Int. date
upon 8 weeks' notice at 105 & int. The bonds are guar., p. & I.,
by end. byDanv. St. By. & Lt. Co. and Urbana & Champaign By., Gas & Elec. Co.V. 81, p. 264. The 2d 6s mature $50,000 on Jan. 1 1908 and $50,000 eachJan. 1 thereafter. The $50,000 due on Jan. 1 1908 and $50,000 due Jan. 11909 were extended. They are subj. to call at par on 30 days' notice. Areguar., p. & I.. by Ill. Trac. Co. Trustees are Montreal Tr. & Dep. Co. andThos. Fyslie.ROAD.-Operates 70.1 miles of track over private right of way, connect-
ng the cities of Danville, Urbana and Champaign, with branches from Dan-ville to Georgetown and Ridge Farm; Danville to Catlin and Ogden toHomer. 70-lb. rails. Has 22 motor cars, 10 electric and steam locomo-tives and 86 trail cars.OFFICERS.-Pres.. W. B. McKinley; Sec.. E. A. MacNutt; Treas
Geo. M. Mattis.-V. 81, p. 264; V. 83, p. 435; V. 84, p. 338; V. 88, p. 563
(11) Illinois Central Traction Co.-A trolley road.ORGANIZATION.-Incorporated in Illinois in 1903 under general
railroad laws. Mostly private right of way.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock $1,100,000 1st mtge, $2,000,000 ($1,-1 1903 5 g J-D 1,469,000 Dec 1 1933000) gold, guar JInterest at City Trust Co., Boston, Trustee.
General mortgage 5% 241,000 Bonds.-Are subject to call on any interest date on 60 days' notice at
10734 and int. Are guaranteed, p. and I., by Illinois Traction Co. V. 82,p. 804. A sinking fund of 10% of net earnings became operative Dec. 11908. but not to be less than 1 % of bonds outstanding.ROAD.-Operates 45.5 miles of track from Decatur to Springfield, with
an extension from Buffalo to Mechanicsburg; 70-lb. rails. Has 11 motorcars and 20 trailers.OFFICERS.-Pres., W. B. McKinley; Sec., E. A. McNutt; Treas., Geo.
M. Mattis; Gen. Mgr., M. E. Chubbuck. V. 82, p. 804; V. 84, P. 339.(12) Illinois Western Railway Co.Capital stock. $500,000, all owned by Ill. Tract. Co. Is building 35 miles
of road from Springfield to Jacksonville. III. Expected to be completedIn 1910. Has 9 motor cars, 1 locomotive and 29 trailers. Temporarybonds to the amount of $113,000 are outstanding.(13) Peoria Bloomington & Champaign Traction Co.ORGANIZATION.-Incorporated in Illinois in April 1905. Mostly
private right of way. Has 50-year franchises in Bloomington and Peoria.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock, 25.000 All owned by Illinois Traction Co1st mtge. $3,000.000, gold( 1906 5 g M-N $2,000,000 Nov 1 1936($1,000) c* Int. at agency Merch. Bk. of Canada, N. Y.
Central Trust Co., Chicago, Trustee.General mortgage 235,000 Bonds.-First mortgage bonds arc guar., p. & I., by Ill. Trac. Co. They
are subject to call on any interest date at 105 on 30 days' noticeROAD.-Is to operate 90 miles of track from Peoria to Champaign.
Standard gauge. 70-lb. T rail. Has 10 motor cars and 28 trailers. Is nowoperating 38.6 miles of track between Bloomington and Peoria. Thebridge over the Illinois River was completed in April 1907. Owns powerhouse in Peoria of 4,000 k. w. capacity.
(19) Peoria Lincoln & Springfield Railway Co.Completed during 1907 a road from Lincoln. Ill.
' to Mackinaw,
connecting the Springfield & Northeastern Traction Co. with the PeoriaBloomington ec Champaign Traction Co., and making a through line fromBloomington and Peoria to Springfield and St. Louis. Total track operated28.6 miles. Has 3 motor cars, 1 locomotive and 67 trailers. Mostly privateright of way. Capital stock all owned by Illinois Traction Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
($1.000) gold a' Central Trust Co. of Illinois, Chic., trustee.Int. at agency M, rch. Bk. of Canada, N.Y.
Bonds.-Are guar., p. & I,, by end. by III. Trac. Co. Subj. to call in anyamount on 4 weeks' notice on any int. date at 105. No sinking fund.
(15) St. Louis Decatur & Champaign Pi'.ORGANIZATION.-The entire $100.000 stock is owned by the Illinois
Traction Co. Operates 53.66 miles of track from Champaign to Decatur.Has 9 motor cars, 1 locomotive and 43 trailers. Mostly private right ofway. Officers same as for Illinois Traction Co.BONDS- Date. Interest. Outstanding, Maturity.
First mortgage St Louis D &1 1906 5 g M-N 21,493,000 Nov. 1 1936C 110yC)o, 23,000,000, gold }Central Tr. Co. of Illinois, Chicago, Trustee.($1.00 c•JInt. at Agcy. of Merch. Bk. of Canada, N. Y.
Bonds.-Are guar., p. & I., by end., by Ill. Tram, Co. Can be calledon any int. day at 105. Covers 50 miles of track.(16) St. Louis Springfield & Peoria RR.ORGANIZATION.-Incorporated in Illinois Dec.1 1909 as a consolida-
tion of the St. Louis & Springfield By., the St. Louis & Staunton By.. theTr -City Trac. Co.and the St. Louis & Northeastern By. Operates onprivate right of way except through cities and towns (7 miles), whereranchises extend to or beyond 1953. Will have long-time contract foruse of bridge and terminals of St. Louis Elec. Bridge Co. and St. LouisElec. Term. By., enabling it to operate directly into St. Louts.
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38 ELECTRIC RAILWAYS [VOL. LXXXXI.
STOCK AND BONDS. Date. Interest. Outstanding. Maturity.Common $2,600,000 ($100) _ $2,600,000 Preferred $2,400,000 ($100)_ 1,625,000 1st & ref mtge $15,000,000 g} 1909 5 J-D 1,863,000 Dec 1 1939($1,000 coup & *1,000 or Illinois Trust &Say Bic, Chicago, trustee.multiples reg.) c* &rs Int. payable in New York or Chicago.
St Louis ec Springfield 1st M1 1903 5 g J-D 463,000 Dec 1 1933($1,000) s r gold guar___c* 'Interest at City Trust Co, Boston, trustee.
St L Springfield & Peor gen M_ 640,000 1939Stock.-Of the $1,625,000 pref. stock out, $737,000 is series "A" and
$888,000 is series "B."Bonds.-Of the $12,690,000 "1st & ref." bonds reserved for various pur-
poses, $3,700,000 are reserved for acquisition of similar electric properties,$1,600,000 for additions and improvements to properties proposed to beacquired, $591,000 to redeem the gen. mtge. bonds and $6,799,000 for80% of cash cost of additions and impets. These $12,690,000 bonds, ex-cepting $500,000 (issuable at any time for 80% of cost of additions andimp'ts), can be issued only when for the preceding 12 months gross earningshave equaled five times and net earnings 1 Yi times the interest charge onall bonds outstanding and those proposed to be issued. Bonds are uncon-ditionally guar., p. & I., by Illinois Tract. Co. V. 90, p. 304. St. L. &Spgfd. 1st mtge. bonds are subject to call on any int. date on 60 days' no-tice at 107 and int. Are guaranteed, p. & 1., by Illinois Traction Co.Road.-Owns and operates 92 miles main line between Springfield and
Venice, opposite St. Louis, with branch from Staunton to Litchfield andHillsboro, 23.6 miles; total, 115.6 miles. Standard gauge. 176 carsand 4 locomotives.Earnings.-For cal. year 1909 (Dec. estimated). gross, $624,996; net,
$207,618; int., *115,500; surplus, $92,118; in 1908, gross, $616,097; net,*184,682; int., $115,500; surplus, $69,182. V. 90, p. 304.(17) Springfield & Northeastern Traction Co.ORGANIZATION.-$1,350,000 of stock Is owned by Illinois Traction Co.
Mostly private right of way.STOCK AND BONDS.- Date, Interest. Outstanding. Maturity.
Stock $1,500,000 $1,500,000 1st mtge $1,500,000 ($1,000)I 1906 5 g JD 800,000 Dec 1 1936
gold c*4 Int. at azey. Merchants' Bk of Canada. N.Y.(Central Trust Co. of Illinois, trustee.
Bonds.-Bonds are guar., p. & 1., by end. by Ill. Trac.Co. Callable onany Int. date on 4 weeks' notice at 105. No. sinking fund.ROAD.-Operates 33.3 miles of track, from Springfield to Lincoln. Has
27 trail cars. V. 85, p. 655.OTHER PROPERTIES, AND ROADS UNDER CONSTRUCTION.(18) Danville Consumers Coal Co.-STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock All owned by Illinois Traction Co.First mortgage, $35,000 gold,' 1904 5 g M-N $28,000 Nov 1 1924($1,000) cl Int. at office of W. B. McKinley, Cham'n, Ill.Bands subject to call at 105 on any int. day. Sinking fund 2 cents per ton.
Ross It. Mattis, trustee.(19) Danville & Eastern Illinois Ry.Is building from Danville to Indiana State line, 7 miles, to connect with
Indiana Interurban roads. 3 miles has been completed. At Terre Hauteconnection will be made with Indiana Interurban roads. Has power houseIn Danville. In Sept. 1907 increased stock from $5,000 to $500,000. V.85, p. 722. Temporary bonds to the amount of $198,000 are outstanding.
(20) Danville & Southeastern Ry. Co.ORGANIZATION.-Incorporated in Illinois on Jan. 14 1900.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock All owned by Illinois Traction Co.First mortgage $100,000 gold,' 1909 5 g J-J $60,000 July 1 1929($1000) c&r1Int. at Central Trust Co., Chic.. trus.
Bonds.-Subject to cad at 105 and int. on any int. date. Guaranteed,p. & I., by Illinois Traction CoROAD.-Operates 7 miles of road from Danville City limits to Grape
Creek coal district. 70-lb. rails.OFFICERS.-Same as those for Illinois Central Traction Co.(21) Des Moines Electric Co.Organization.-Purchased by Illinois Traction Co. July 1 1909. Bonds,
31,250.000 (5% M. & N.) 1st mtge. bonds outstanding. Int. at Amer.Trust Co. Boston, Mass. The Des Moines By. & Light Co. (holding com-pany) has $838,000 (5 J-J) of temporary bonds outstanding.(22) Madison County Light & Power Co.Is a consolidation in 1906 of the Edwardsville Light & Power Co. and the
Granite City-Venice Electric Co. Supplies light and power to Edwardsville.Granite City, Venice and Brooklyn. Stock all owned by Ill. Traction.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity
Stock $100,000 $100,000 1st mtge $1,000,000 ($1,000) f 1906 5 g J-D 398,000 Dec 1 1936
gold c*i Int. at agcy. Merchants' Bk. of Canada, N. Y.(Central Trust Co. of Illinois, trustee.
Bonds.-Guar. p. and I. by Illinois Traction Co. Can be called onfour weeks' notice on any Int. day at 105. No sinking fund.(23) St. Louis Electric Bridge Co.ORGANIZATION.-Incorporated in Jan. 1907 with nominal ($2,500)
capital stock to build a bridge from Salisbury Street, St. Louis, to Venice,Ill. at an estimated cost of $2,500,000. In April 1909 company Increasedcapital stock from $2,500 to $1,000,000. V. 88, p. 946. Stock all ownedby Illinois Traction. For franchise provisions, see V. 85, p. 100. Con-struction was started in Oct. 1907 and is expected to be completed in1910. Ralph Modjeski is chief engineer. V. 85, p.100. $2,248,000 tem-porary bonds have been issued.-V. 88, p. 946.(24) St. Louis Electric Terminal Railway Co.Organized to build extensive terminal freight and passenger stations to
cost about $5,000,000. Owns valuable real estate and a 50-year franchisegiving the Illinois Traction an outlet in St. Louis. Expected to be com-pleted in 1910. Capital stock, $1,000,000, all owned by Illinois Trac. Co.$1,976,000 temporary bonds have been Issued. V. 85. p. 100.(25) Springfield Belt Railway Co.Is constructing a belt line from the Illinois Traction road east of Spring-
field to connect with the line south of city limits in order that it will not benecessary to run express cars through Springfield. Right of way practicallyall secured. In Sept. 1907 stock was increased from $5,000 to $500,000.V. 85. p. 723; all owned by Ill. Trac. Co. Temporary bonds to theamount of $388,000 have been issued.(26) Terminal Power Co.ORGANIZATION.-Organized to build a power house at Venice, Ill.
Temporary bonds to the amount of $534,000 have been Issued.(27) Urbana Light. Heat & Power Co.Controls the electric lighting and steam-heating business of Urbana.
Entire stock is owned by Illinois Traction CoSTOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $100,000 See text First mtge $56,000 (500) __o 1903 5 M-N $38,500 Sec text.First consol mtge $200,0001 1909 5 J-D 72,000 See text.($1,000) 'Central Tr. Co. of III., Trustee. Int. In Chic.Bonds.-First mortgage bonds mature $2,000 to $4,500 annually on
May 1 until May 1 1920. $17,500 retired up to Sept. 1910. Of 1st consol.mtge. $42,000 are reserved for prior bonds and $86,000 are for new con-struction. Bonds mature on March 1 yearly from 1918 to 1927. Theyare guar. by Ill. Trac. Co. V. 89, p. 167.OFFICERS.-Pres., W. B. McKinley; Sec., E. A. McNutt; Treas.,
Geo. M. Mattis; Gen. Mgr., M. H. Chubbuck.-V. 89. p. 167.
DAVENPORT, IOWA.IOWA & ILLINOIS R Y.-A trolley road.ORGANIZATION.-Incorporated in Iowa in September 1901. Is an
electric road, with a steam charter. Franchises expire in 1951.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $1,500,000 ($100)500,000 Pref, $800,000, 6 % n-c ($100)--------554,200 1st mtge, $2 000,000, gold) 1904 5 g J-J 1,050.000 Jan 1 1924($1,000) csf Interest at Girard Trust Co.. Phila., Trustee.Bonds.-01 the $2,000,000 authorized, $500,000 are reserved for acquir-
ing other railways and $450,000 to provide for steam railway terminals andequipment at 80% of cost. No sinking fund, but subject to call on anyInterest date at 105 and interest. Sea V. 82, p. 100, 160.EARNINGS.-For calendar year 1909, gross, $144,749; In 1908, gross.;135,073; In 1907, gross, *132,849.
ROAD.-Operates 36.4 miles of track between Davenport and Clintonon private right of way. 70-1b. T-rail. Standard gauge. Has trafficagreement for transferring passengers to Rock Island and Moline. III.OFFICERS.-Pres., Garrett E. Lamb; V.-P. and Asst. Treas., Frank W.
Ellis; 2d V.-P., Henry Thuenen Jr.; Sec., R. B. McCoy; Treas., C. B. Mills;Asst. Sec., L. Lamb; Gen. Mgr., P. P. Crafts, Clinton, Iowa; Supt., F. A.Perkins.-V. 80, p. 1058; V. 82, p. 100, 160.
THE TRI-CITY RAILWAY & LIGHT CO.-(See Map, page 37.)ORGANIZATION.-Incorporated in Connecticut Mar. 31 1906 and owns
the entire capital stock (except directors' shares) of the People's Power Co.,the People's Light Co., the Davenport Gas & Electric Co.. the Tr -City By.Co., the Davenport F.: Suburban By. Co. and the Moline E. Moline &I,Vater-town By. Co. All stock and bonds (with the exception of $275,000 bondsgiven below) have been deposited as additional security for the new mort-gage. Controls all gas plants, electric lighting companies and street rail-waylines in the contiguous cities of Davenport. Iowa, Rock Island, Molineand East Moline, Ill. Population served, approximately 100,000. Fran-chises, with one comparatively unimportant exception, are said to extendto maturity of mortgage in 1923 and beyond.On Sept. 15 1910 stockholders authorized a $20,000,000 1st and refunding
5% gold mortgage to refund prior liens and for improvements and exten-sions. V. 91, P. 590MERGER OF SUBSIDIARIES.-In 1907 the Tri-City By. Co. and the
Davenport & Suburban By. Co. were consolidated, the Tri-City Railwayincreasing its stock from $1,500,000 to $2,500,000, in order to take overthe Davenport & Suburban line. V. 85. p. 161. The Tr' City By. againincreased its stock from 32,500.000 to $3.000,000 in Dec. 1908.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $9,000,000 ($100)- $9,000,000 Pref .33 ,000 ,000 ,6 %cum ($100) _ _ _ 6 Q-J 2,826,200 Oct '10, 1%Coll trust 1st lien, mtge, $9.-1 1906 5 g A-0 8,068,000 April 1 1923000,000 s f gold -c&rf Int. at N. Y. Trust Co., N. Y., Trustee.
Notes. $1,000,000 gold 1909 6% 750,000 See textDay & R I, first mtge. g, $1,-1 1891 6 g J-J 221,000 July 1 1911000,000 ($500 & $1,000)_c* }Int. payable in N.Y. at Chase Nat. Bk. and
j in Chicago at III. Tr. & Say, Bk., Trustee,Tr-City Ry 5 54,000 Sept 1 1922
Stock.-Preferred stock Is redeemable at 120. See V. 82 p. 1213. Listedon Montreal and Toronto Stock Exchanges.Bonds.-Of the $9.000,000 new bonds, $275,000 are reserved for prior
Hens, $507,000 for 85% of cost of future additions and improvements and$150,000 have been retired by sinking fund. Are subject to call on anyInterest date at 105 and interest. A sinking fund provides for the redemp-tion of $2,250,000 bonds by maturity. Coupon bonds arc in denominationof $1,000 and registered bonds In $1,000, $5,000 or $10,000. They arelisted on N. Y. Stock Exch. The $1,000,000 gold notes mature in 3 years.
Dividends.-FIrst div. on pret., 1 3-i70, paid July 1906, and 13i% wasagain paid Oct. 1 1906. In 1907, 6%, in 1908, 6%; in 1909, 6%; in 1910.Jan., 1 M70: April, 1 ;4%; July. 13%; Oct., 1 .EARNINGS.-For 12 months ending Dec. 31:
88 $898,580 $472,388 $50.000 $169,572 $206,6201908 1,819,077 749,761 440.294 50,000 166,347 93,120ROAD.-Operates about 87 miles of standard-gauge track, connecting
the cities of Davenport, Iowa, and Rock Island, Moline and East Moline,III.; 80-1b. girder and 60 to 75-lb. T-rail.OFFICERS.-Pres., J. F. Porter, Davenport; V.-P., Geo. D. Mackay,
New York; V.-P., H. R. Tobcy, New York; Sec., M. K. Parker; Asst.Treas., T. W Moffat. Operated under management of J. G. White & Co.Incorporated in New York.-V. 87. p. 98, 168; V. 88, p. 1124, 1129; V.89.p. 780, 919; V. 90, p. 1041; V. 91, p. 338, 590.
DAYTON, OHIO.CITY RAILWAY CO.-A trolley road.ORGANIZATION.-Chartered May 12 1893. Is a consolidation of the
Dayton Street RR., the Dayton & Soldiers' Home RR., the Fifth StreetRR. and the Green line. Franchises run for 50 years from Feb. 8 1892and April 19 1803.In Dec. 1906 $100.000 new common stock was offered to shareholders at
par; at the same time a special dividend of 5 % on this stock was declared.See V. 83 p. 1590.STOCK AND BONDS- Date. I
6 Q-1 $2,195,900 Oct '10, 1% %600,000 Oct '10, 1% %
Dayton & Soldiers' Home RR1 1891 6 J-J 65,000 Jan 1 19111st mortgage jInterest at Chemical Nat. Bank. N. Y. City.DIVIDENDS.-6% per annum is being paid on preferred. On common,
In 1900, 6%; in 1901. 6%; in 1902, 6%; in 1903. 6%; also 16 2-3% ($250,000In new stock at par or In cash) declared Nov. 1903), paid Jan. 1 1904; in1904. 6%; In 1905, 63%; 1906 to 1909 incl., 7% per annum; in 1910. Jan..1)f%; April, 1)f%; July, 1f%; Oct., 1 %•EARNINGS.-For cal. year 1909, gross, $575,822; In 1908, gross, $538,-
788; 1907, gross, $589,413. In 1906, gross, $567,273.ROAD.-Controls and operates in all 30 miles of track, namely, Third
Street Line, Fifth Street Line, Green Line. Dayton & Soldiers' HomeBy. and Kammer Ave. Line; gauge 4 ft. 8A in.; rails, 70 and 80-lb. T and70 and 90-1b. girder; operating 42 G. E. 67 and 50 G. B. 800 motor equip-ments; 100 motor cars, 10 trailer cars and 3 sprinklers.OFFICERS.-Pres., E. D. Grimes; 1st V.-P., C. B. Clegg; 2d V.-P.,
E. J. Barney; Sec., R. R. Dickey; Gen. Supt. and Punch. Agt., '1'. B. Howell.Office, Western and Auburn Avenues, Dayton.-V. 83, p. 1500.
DAYTON COVINGTON & PIQUA TRACTION.-A trolley road.ORGANIZATION.-This was formerly known as the Dayton do Troy
Traction, but name changed to the above in Aug. 1901. The D. & T.Traction was incorporated in Ohio in Jan. 1900 to build a street railwayfrom Dayton to Troy, but route was changed, and road constructed fromDayton to Covington and Piqua, about 38 miles; 70-lb. T rails. Companyacquired the right to use the tracks of the People's Ry. In entering cityof Dayton.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock auth, $600,000 ($100) _ $600.000 Pref 5% n-c, $550,000 ($100) 550,000 at mortgage, $550,000 gold) 1902 5 g A-0 450,000 April 1 1922($1,000) c• Int. at Old Colony Tr. Co., Boston, Trustee.
2d mortgage, $60,000 6 g M'S 60,000 See textBonds.-$100,000 1st mtge. bonds are reserved for extensions and im-
provements: 2d mtge. bonds are subject to call on any interest date at 105.EARNINGS.-For year ending Juno 30 1909, gross, $108,251; net,
$31,165. In 1908, gross, $107,587; net. $37,725.OFFICERS.-Pres., D. Dwyer; V.-P. and Gen. Mgr., Thos. T. Robinson;
Supt., T. J. Brennan.-V. 77, p. 146.
DAYTON ec TROY ELECTRIC ItY.-A trolley road.For statement of this company see "Elec. Ry. Sec." of June 25 1910.
DAYTON & XENIA TRANSIT CO.-Trolley.Receivership and Foreclosure.-Judge Thompson In U. S. Court at Cin-
cinnati, March 12 1908. appointed C. J. Ferneding (Pres. of road) receiver.Road sold under foreclosure of 2d mtge. In June 1909. Is to be reorganizedas the Dayton Springfield ec Xenia Southern By. V. 89, p. 295.ORGANIZATION.-Incorporated in 1901 as a consolidation of the Day-
ton & Xenia Traction and the Rapid Transit Co. of 0:1801o0..000STOCK AND BONDS- Date. Interest. Outstanding. Maturini.
Stock, $800,000 1st mortgage, $500,000, goldl 1001 5 g A-0 500,000 April 1 1921($1.000) c' j' Interest at Old Colony Trust Co., Boa., Trus.
2d mortgage, $300,000300,000 April 1 19211rW 19 o0rcl 5 g A lester Gi.a-sOs.) Trust Co., Trustee.
ROAD -Owns and operates 51 miles of road from Dayton to Xenia, andfrom Dayton to Spring Valley.OFFICERS.-Pres., Clement J. Ferneding; V.-P., H. L. Ferneding;
Treas., Edward Canby; Sec., 0. 0. Ozias. Office, Dayton, 0.-V. 78. p.820; V. 86, p. 668; V. 88. p. 1560; V. 89, p. 295.
OAKWOOD STREET RY. CO.-A trolley road.ORGANIZATION.-Incorporated July 22 1870 In Ohio. Franchise ex-
pires 1941. In Oct. 1909 the Ohio Supreme Court held the franchise validover the objections of the City Solicitor. Stock authorized and outstand-ing, $500.000 (par $100). No bonds. Operates 8 miles of track Insuburbs of Dayton. Standard gauge. Pres. and Treas., Charles B.;Clegg,Dayton; Supt., Henry Gebhart. Dayton.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Our., 1910.1 ELECTRIC RAILWAYS 39
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40 ELECTRIC RAILWAYS [VOL. Lxxxxi.
DELAWARE, OHIO.COLUMBUS MAGNETIC SPRINGS & NORTHERN R Y.ORGANIZATION.-Incorporated in Ohio on Oct. 15 1906, and is a
consolidation of the Delaware & Magnetic Springs By. and the Richwood& Magentic Springs By. Private right of way except in City of Richwood.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $200,000 ($100)- $130,000 Pref, 6% n-c, $200,000 100,000 cmseGN 1st M, $400,000,goldl 1906 5 g M-N 250,000 Nov 1 1931($1,000), cannot be called , }Interest at Colonial Trust Co., Pittsburgh,and no sinking fund ___c*1 Trustee.EARNINGS.-For cal. year 1909, gross, $20,469; net, after taxes, $2,066ROAD.-Operates 18 miles of track from Delaware to Magnetic Springs
and Richwood.OFFICERS.-Pres., W. M. Galbraith; Pitts.; V.-P. and Treas., C.
Magee Jr., Pitts.; Sec., H. E. Buck. Delaware, 0.-V. 83, p. 1228, 1469.
DENISON, TEXAS.DENISON & SHERMAN RY.-A trolley road.ORGANIZATION.-Incorporated in Texas on Aug. 27 1900. Com-
menced operations Malt 1 1901. Franchises, 50 years In Denison and Sher-man. Private right of way between cities. Texas Trac. Co. holds an op-en on the securities of this company.STOCK AND BONDS- Date. Interest. Outstanding. Maturini.Stock $300,000 ($100) _ 8250,000
First mortgage, $350,000{ 1902 5 J-J 310,000 July 1 1927($1,000) c* Illinois Tr. es Say. Bank, Chic., & W. H.
Henkle. Trus. Int. at N. W. Harris & Co.Second mortgage, 150,000i 1902 6 Q-J 50,000 July 1 1912($1,000) Interest at Illinois Trust & Savings Bank.
Chicago, and W. H. Henkle, Trustees.Bonds.-Interest payable in New York and Chicago. First mortgage
bonds are subject to call on July 1 1917. or after, at 105 and Interest. A.sinking fund begins July 1 1905 of 2 % per annum of bonds outstanding until1913. when amount payable is 3 % per annum until 1917; from 1918 to 1922.Inclusive, 4% per annum; 1923 to 1926 incluzive, 5% per annum. $35,215held in sinking fund July 1 1910.ROAD.-Operates 16 miles of track (8 miles between Denison and Sher-
man and 8 miles In the cities. Under agreement, cars of the Texas Tractionare operated over this company's tracks. 60-lb., 70-lb. and 80-1b. T rails.Also owns 45-acre park situated midway between the two cities.EARNINGS.-12 months ending April 30 1910, gross, $119,802; net,
$33,925. In 1908-09, gross, $110,432; net, $32,537.OFFICERS.-Pres. and Treas., J. P Crerar; V.-P., John Crerar. Prin-
cipal office, Denison, Texas.-V. 81, p. 613; V. 88, p. 822.
DENVER, COL.THE DENVER & NORTHWESTERN RY.-An electric road.ORGANIZATION.-Incorporated in Colorado in June 1901. Current
is furnished by Denver Tramway Power Co. Franchise In Denver runs for50 years; In Golden for 99 year,: upon and across county roads Is perpetual.Remainder (comprising main mileage) Is over private right of way.In May 1902 purchased stock of Denver City Tramway Co. See V. 74,
p. 1038. This stock has been deposited as collateral under the new mtge.STOCK AND BONDS- Date. Interest. Outstanding. Maturity
Stock $6,000,000 ($100) ______ Q-J 10 $6,000,000 Oct. 10,2%First and collateral mortgage} 1902 5 g M-N 6,000,000 May 1 1932
gold $6,000,000 ($500 and Interest at Mercantile Trust Co., New York,$1,000) c* Trustee; also office of company in Denver.Bonds.-Can be called on any interest day at 105 and interest upon 90
days' notice. On Aug. 1 1907 whole issue was called for payment Nov. 11907, but, the panic Intervening, the notice was rescinded.EARNINGS.-Of combined system for years ending Dec. 31:
•Fixed charges include taxes and franchise payments.Dividends.-Prior to July 1909 dividends were at rate of 6% per annum.
/n July 1909 dly. was increased to 2% and same amount has been paidquarterly since to and including Oct. 1910.ROAD.-Operates 26.19 miles of track through former town of Berke-
ley (now part of City of Denver), northwesterly through Arvada to coal-mining town of Leyden, including branch from Arvada to Golden. Gauge,3-ft. 6 in. 75 and 80-lb. T rail. 106 cars, of which 5 are motor freight,93 gondola, fiat and dump freight cars, remainder miscellaneous.OFFICERS.-Pres., S. M. Perry; 1st V.-P., W. G. Evans; 2d V.-P. and
Gen. Supt., John A. Beeler: Sec. and Treas., F. G. Moffat; And., W. A.Doty.-V. 74, p. 1037; V. 85, p. 40, 1143; V. 90, p. 167.(1) Denver City Tram way Co.-(See Map on Page 39.) -Electric.In May 1902 Denver & Northwest By. obtained control, exchanging It
securities for Denver City Tramway stock. See V. 74, p. 1038.ORGANIZATION.-Chartered in Colorado In Jan. 1899 for 50 years.
Comprises the entire street railway system of Denver. Is owner bypurchase and con,olldation, of following companies, formerly operatingIn and about Denver: The Denver Electric & Cable Ry., the Denver Tram-way Co., the South Denver Cable By., the Denver Tramway ExtensionCo., the Denver Consolidated Tramway Co., the Metropolitan By., theDenver City Cable By., the West End Street RR., the Denver City Trac-tion Co. and the Colfax Electric By. Also owns entire stock of DenverTramway Power Co.
Franchises.-The general franchises under which The Denver CRY Tram-way Co operates its lines within the City of Denver are: a franchise author-izing it to build, operate and maintain cable and electric railways, grantedFeb. 5 1885, covering all its present lines within the city-substantially180 miles. This franchise is without time limit, provides for 5-cent fares'for paving, &c. Also operates under a 20-year grant, voted by the tax-paying electors of the city in May 1906, which authorizes it to maintainthree-rail tracks, gauges 3 ft. 6 in. and 4 ft. 8;4 in, over all its present lineswithin the city, and permits the construction of certain viaducts and exten-sions. See decision in V. 84, p. 220.
Shareholders Feb. 19 1907 authorized an Increase in the stock to $20,-000,000. See V. 84, p. 390. On Aug. 27 1908 authorized $25,000.000mtge. V. 87, p. 613. On Mch. 6 1909 stockholders voted to cancel thismtge. and to authorize a new issue, not to exceed $25,000,000, of 5%25-year sinking fund gold bonds (see below). V. 88. p. 374, 685, 882.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $20,000,000 ($100)_ $6,000,000 In 1908, 6 %Met St RR 1st M g$1.000,000 1891 6 g J-J 953,000 Jan. 1 1911Denver Consol Tramway cons! 1893 5 g A-0 1,167,000 Oct 1 1933mtge, $4,000,000, gold_ __ lInterest at Mercantile Tr. Co., N. Y., Trust.
Purchase money mtge gold 1899 5 g A-0 2,000,000 April 1919$2.000,000($1.000& $500)c* Interest at Central Trust Co., N. Y., Trustee.
1st ec ref mtge, $25,000,000 g 1908 5 M-N 3,767,000 Nov 1 1933($500 & $1,000)sink fd__c* Int. at Mere. Tr. Co., N. Y., Tr. & in Denver.Bonds.-Interest on all underlying bonds is payable at Mercantile Trust
Co., New York, and in Denver. The mortgage of 1899 is a first lien on theDenver City and West End properties and a lien on the Denver ConsolidatedTramway junior to Its existing mortgages, to remain outstanding and beassumed. Abstract of Denver Consolidated Tramways consolidated mort-gage of 1893. V. 52, p. 354. Of the first and refunding bonds of 1908,$11,864,800 are reserved for prior Hens (including the Denver TramwayPower bonds and the Denver & Northwestern bonds) and the remaining$9,368,200 for additions and improvements at 85% of actual cost, nomore than $350,000 are to be issued in any one year until the $6,000,000bonds of Denver & N. W.have been retired,and thereafter only under cer-tain restrictions. See V. 88, p. 882; V. 90, p. 109. Bonds are callable as awhole but not in part, except for sinking fund, at 105 and interest on anyinterest day after 1913 up to Nov. 1 1923; thereafter at 102 A and intereston 60 days' notice. Sinking fund of 1% of bonds out begins Nov. 1 1914until and including Nov. 1 1923; thereafter 2% of bonds out.ROAD.-Owns 200 miles of electric track. Gauge, 3 ft. 6 In. Prin-cipally 65 and 72-lb. rail. 410 cars, of which 282 motor passenger cars:67 trail passenger cars and 61 miscellaneous.DIVIDENDS.-Dividends of 6% per annum have been paid on Denver
City Tramway stock since May 15 1902. Previous to 1902. 4% per annumwas paid.
OFFICERS.-Pres.. Wm. G. Evans; 1st V.-P., S. M. Perry; 2d V.-P. andGen. Man., John A. Beeler; Sec. and Treas., Thos. Keely: Aud., W. A.Doty.-V. 88, p. 374, 685, 882; V. 89, p. 1596; V. 90, p. 109.(2) The Denver Tramway Power Co.ORGANIZATION.-Incorporated in Colorado March 1901 and owns
the electrical power plant and distributing system which supplies the cur-rent for the operation of the Denver & Northwestern and the Denver CityTramway Co.'s lines. Its property Is operated and maintained by theDenver City Tramway Co. under lease. Its bonds are guaranteed, principaland interest, by the Denver City Tramway Co.STOCK AND BONDS- Date. Interest. Outstanding Maturity.
Stock $500,000 ($100) _ $500,000 First improv mtge $1,500,0001 1903 5 g A-0 1,345.000 April 1 1923
gold ($1,000) guar p at Internat. Trust Co., Denver, trusteeor Morton Trust Co., New York
Bonds.-Of the 1st improv. mtge. bonds, $14,000 are reser% ed for futureimprovements at cost. Are subj. to call on any int. date at 105 and int.A sinking fund of $50,000 p. a., to retire bonds at 105 and int., commencedIn 1908, and $141,000 have been retired. This is also guar. by Denver CityTramway. Interest payable In New York and Denver.PLANT.-Is operated by and furnishes all power for the Denver Tram-
way Co. Normal capacity of company's plant, which Is situated on thePlatte River in Denver, is 9,500 k. w. Owns 4 sub-stations, one of 1,500k. w., two of 1,000 k. w. and one of 900 k. w. capacity.OFFICERS.-Pres., Wm. G. Evans; V.-P., John A. Beeler; Sec. and
Treas.. Thos. Keely.-V. 82, p. 1437; V. 83, p. 36; V. 86, p. 1103; V. 00.p. 1044.
DERRY, PA.WESTMORELAND COUNTY RAILWAY CO.ORGAN IZATION.-Incorporated in Pennsylvania on Dec. 27 1904. Is
a consolidation of the BradenvIlle & Derry Street By. and the Blairsville &Derry Street By.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $500,000 ($50) $500.000 First mortgage $250,000 goldj 1905 5 g M-S 250,000 Mch. 1 1935($100) c*lInt. at East End. Say. & Tr. Co., Pitts., TrBONDS.-No sinking fund and bonds are not subject to call.EARNINGS.-For year ending June 30 1908. gross, $42 870; net, $10,-
803; Interest and taxes, $13,399; deficit. $2,596.BOA D.-Operates 7 miles of track.OFFICERS.-Pres.. Jos. Keeling; Sec.. A. P. Meyer; Treas.. J. G. VII-
sack, all of Pittsburgh; Supt.. S. F. Schwartz, Derry.-V. 82, p. 50.ISII
DES MOINES, IOWA.DES MOINES CITY RAILW AY.-A trolley road.ORGANIZATION.-A consolidation in 1893 of the Des Moines Street
RR. and the Des Moines Suburban Ry. Co. Is authorized to carry freight.Franchises In Des Moines considered perpetual under a charter granted bythe city of Des Moines to Dr. M. P. Turner on Dec. 10 1866. On Nov. 211905 the City Council passed a resolution directing the company to removeIts tracks from the streets. But on Feb. 27 1907 the U. S. Circuit Courtat Des Moines,in an action brought by the company to restrain the cityfrom attempting to enforce this ordinance, held that the franchise of thecompany Is perpetual. V. 84, p. 508. On May 17 1909 the U. S. Supreme,Court reversed the decision of the Circuit Court, but did not decide the ques-tion whether the franchise was perpetual. V. 88, p. 1313; V. 89, p. 224.
Guarantees toe Interurban By. Co. bonds-prin. and int. See belowSTOCK AND BONDS- Date. Interest. Outstanding. MaturityCommon, $3,000,000 ($100) $1,055,000 Prof 6% n-c, $250.000 _ 250,000 Des Moines St RR 1st M 1889 6 g A-0 315,000 Oct 1 '10 to
gold, ($1,000 each) ($25,000 due yearly) Oct 1 1019'American Tr. do Say. Bk., Chicago, Trustee.
Des Moines Sub Ry IstI 1890 6 g J-J 240,000 Jan 1911 tomortgage, gold ($1,000( Jan 1921each)
($20,000 due yearly)c*Unterest at Chemical Nat, Bank, N. Y. City,
Trustee, Iowa Loan & Trust, Des Moines.Des Moines City By refund'g I 1901 5 g A-0 2,308,000 April 1 1921
mortgage, $3,000,000, gold( Interest at N. W. Harris & Co.. N. Y City($1,000) c*I also Chicago. Trustees, Illinois Trust &
I Say. Bk. and Wm. H. Henkle of Chicago.Bonds.-Of the new mtge. bonds of 1901. $882,000 were originally re-
served to retire the underlying 6s then outstanding. Of the $2,308,000 5sreported outstanding, $5,000 have been deposited with Illinois Trust &Savings Bank to be held In lieu of $4,000 Des Moines City Ry. (is still out.Bonds can be called on any Int. date at 106 and int. Sinking fund becomesoperative as follows: $10,000 yearly on April 1 from 1906 to 1910, $15,000from 1911 to 1915 and $25,000 from 1916 to 1920. The remaining bondsmay only be issued to pay for 80% of cost of extensions, providing net earn-ings are 50% in excess of Interest charges upon all bonds outstanding, in-cluding those to be Issued.REPORT.-For calendar year 1909, gross, $990,314; net, $269,134.ROAD.-Operates 80 miles of track. Standard gauge; 45 to 85 lbs. T
and girder rails.OFFICERS.-Pres.. George B. Hippee; V.-P., H. H. Polk; Sec., N. T.
Guernsey; Gen. Mgr., A. G. Maish.-V. 83, p. 751; V. 84, p. 508; V. 86, p.546; V. 88, p. 1313; V. 89, p. 224.
INTERURBAN RY,-A trolley road.ORGANIZATION.-Incorporated in Iowa to construct a system of
interurban roads connecting with Des Moines. The Des Moines City By.Co. guarantees the bonds, prin. and Int. In April 1906 authorized stockwas Increased from $1,000,000 to $1,200,000.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock, $1,200,000 ($100) _ $1,160,000
let mortgage, sinking fund, 1901 5 g A-0 1,100,000 April 1 1921gold ($1,000), guaranteed Amer. Trust & Savings 13k., Chic., Trustee.p. & I. by Des Moines CityJ Interest at N. W. Harris & Co.. New YorkPty c*J and Chicago.Bonds.-Other bonds may be issued for acquisitions and extensions at
not over 80 % of cost and at not over $16,000 per mile for new road, but onlywhen net earnings equal 1 A times all Int. charges on bonds out and those tobe issued. Bonds are subj. to call at 105 and int., when a sinking fund of5% of bal. of annual net earns., after payment of all charges, becomes operat-ive. and bonds so purchased are to be kept alive for purpose of the fund.EARNINGS.-For 12 months ending Dec. 311900. gross, $229,152; net,
$82,275; in 1908, gross, $211,326; net, $71,771.ROAD.-Connects Des Moines and Colfax, 24 miles, Des Moines and
Perry, with branch to Woodward, 38 A miles. and also operates 10 miles inand around Des Moines; total, 7234 miles. Standard gauge; 60 and 70 lb.T rail. Cars enter Des Moines over tracks of Des Moines City R.OFFICERS.-Pres., H. H. Polk; V.-P., E. P. Smith; Sec., N. T. Guern-
sey; Treas., Geo. B. Hippee.-V. 74, p. 680.
DETROIT, MICH.DETROIT UNITED RAILWAY.-(See Map page 41j-TrolleyORGANIZATION.-Incorporated In Michigan Dec. 31 1900 and took
over franchises and properties of the Detroit Citizens' Street By., tile DetroitElectric By., the Detroit Ft. Wayne & Belle Isle and the Detroit Suburban.V. 72, p. 44, 183. Embraces all the street railway lines In Detroit.
Later absorbed by purchase the Detroit & Northwestern Ry., which isknown as the Orchard Lake division, the Detroit & Pontiac By., knownas the Pontiac division, the Wyandotte do Detroit River By., known as theWyandotte division, and the Detroit & Flint, formerly the Detroit Roches-ter Romeo & Lake Orlon By., and known as the Flint division. Owns en-tire capital stock ($2,000,000) of the Detroit & Port Huron Shore Line.In Aug. 1001 purchased 2,970 shares (all) of the stock of the Sandwich
Windsor & Amherstburg Ry.; 180 shares (all) of the stock of the City Elec-tric By. and the People's Electric Light plant of Windsor, Ont.In Feb. 1906 issued $1,000,000 notes for the purpose of acquiring the
entire stock of the Detroit Monroe & Toledo Short Line By. V. 82. p.392. These were paid off March 1 1909. V. 88, p. 563.In Jan. 1907 company purchased control of the Detroit Ypsilanti Ann
Arbor Fe Jackson Ry., the Jackson Ann Arbor & Detroit By. and theDetroit Plymouth & Northville By., and reorganized them under the nameof Detroit Jackson & Chicago By. V. 84, p. 450.
Michigan RR. Comm. In 1909 granted permission to Issue In Jan. 1910$2,000,000 4 A% bonds, to take up Indebtedness and for improvements,(V. 89, p. 993), 2480,000 of which have been issued.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT., 1910..1 ELECTRIC RAILWAYS 41
MAP OF THE
DETROIT UNITED RAILWAY SYSTEMINCLUDING
DETROIT & PORT HURON SHORE LINE RY.(RAPID RAILWAY SYSTEM)
SANDWICH, WINDSOR & AMHERSTBURG RY.
THE WINDSOR & TECUMSEH ELECTRIC RY. CO.
DETROIT, MONROE & TOLEDO SHORT LINE RY.\-\
DETROIT, JACKSON & CHICAGO RY. ,
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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
42 ELECTRIC RAILWAYS [VOL. Lxxxxi.
The United States Supreme Court on March 3 1902 decided that theordinance of 1889 compelling the Citizens' Street By. to sell 8 tickets for aquarter was invalid. (See V. 74, p. 528.)In July 1906 a proposed ordinance extending the company's franchises
Until Dec. 4 1924 was submitted to the City Council. See V. 83, p. 271.1170. V. 84, p. 338. Ordinance, however, fell through. Question ofvaluation of company's property in connection with proposed new franchisewas in April 1910 submitted to a board of arbitration. V. 90, p. 976, 1101.On Nov. 13 1909 company decided to pay without contest the occupa-
tion tax of $300 a day called for by Holly resolution of Oct. 26 1909. Thetax is for privilege, after Nov. 14 1909, of operating cars in streets wherefranchises have expired. Payment is to be without waiver by company ofany of its rights. V. 89, p. 1347. On Sept. 15 1910 city began an actionagainst the company to collect $200 per day occupation tax, in addition tothe $300 above. V. 91, p. 790.On May 1 1907 the Supreme Court of Michigan decided that the city of
Detroit could not lay street railway tracks through its Department ofPublic Works (as attempted under an ordinance of the City Council passedin 1905), to be leased, as supposed, to an operating company. V. 84,p.1052.On April 25 1907 Judge Swan in the U. S. Court at Detroit granted an in-
junction (which July 24 1907 was made permanent) restraining the cityfrom enforcing an ordinance seeking to compel the company to give 20seconds' service on some of its lines. V. 84, p. 1052.On July 23 1007 Judge Swan granted an Injunction restraining the city
from enacting an ordinance which provided that company can use patchesof line on which franchises are said to have expired on condition only that5 tickets be sold for 15 cents over entire lines or streets on which patcheslie. V. 85, p. 345.
Proposed Municipal Purchase.-On Aug. 5 1910 Michigan Supreme Courtgranted a writ of certiorari and a stay of proceedings delaying, probablyuntil November, the election which had been called for Aug. 15 1910 tovote on amending city charter so as to permit the purchase of company'sproperties; V. 91, p. 397.On Aug. 3 1910 Canadian stockholders met to listen to a proposition to
give a syndicate options on 51% of stock running for 30 to 60 days, at $80a share. See V. 91, p. 397.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $12,500,000 ($100) Q-F $12,500,000 Aug.'07,13i %1st consol mtge, $25,000.000,11902 g J-J 14,313,000 Jan 1 1932
gold ($1,000) c* Guaranty Trust Co., N. Y., Trustee.Int. at Kean, Van Cortlandt & Co., N. Y.
Coll trust gold notes, $2,000,-1 1907 5 g F-A115 1,000,000 See text.000 ($1,000) c &rJ Trust Co. of America, Trustee.Detroit United By. stock and bonds have been listed on the New York
Stock Exchange; also Detroit Citizens By. consol. 55.Bonds.-Of the $25,000,000 first consolidated mortgage bonds authorized,
$9,020,000 are reserved to retire underlying liens and $1,667,000 arereserved for acquiring new properties at the rate of 75% of cost, andonly available on a two-thirds vote of the stockholders. Entire issue, orany part thereof, is subject to call at any time at 105 and interest on 60days notice. See V. 73, p. 1111. The coll, trust notes of 1907 were origi-nally for $2,000,000 due Feb. 1 1910, but in Feb. 1910 only $500,000 wereretired and the remaining $1,500,000 were extended from 6 to 12 months.
Detroit Citizens'• Date. Interest. Outstanding Maturity.Detroit Sub Ry 1st mtge,1 1893 8 J-J *140,000 Jan 1 , 1911$250,000 ($1,000). goidc'J Union Trust Co., Trustee, Detroit.Bonds.-Are guaranteed under terms of lease. Unissued bonds have
been canceled. Issue, formerly 5s, fell due Jan. 1 1908 but was extendedto Jan. 1 1911 as 6s.
Detroit ElectricDate. Interest. Outstanding. Maturity
Detroit Ry.lst mtge.g($1,000) 1895 5 g J-D $1,800,000 Dec 1 1912on 56.34 miles c*&r Int. at Cleveland Tr. Co.
' Trustee. to 1024
Detroit Electric eon M. $2,- 1806 5 g J-D 1,000,000 June 1 1916800,000, gold ($1,000)e*dor Int. at Cleve. Tr. Co., Trustee. As to Dec.
1897 interest, see V. 85, p. 1219.Bonds.-First mortgage bonds of the Detroit By. numbered 1 to 600 ma-
ture in order of numbers at $50,000 per annum, beginning Dec. 1 1912;numbers 601 and above mature Dec. 1 1924. Detroit Electric consols for$1,800,000 are reserved to retire the first mtge. bonds as they mature.
Detroit Port Wayne & Belie Isle.1st mtge, g, $1,200,0001
ru1898 5 g A-0 $1,200,000 April 1 1928
($1,000) c* r New York Trust Co., Trustee.Subject to call at $105 and int. on 60 d.notice
Interest at Kean. Van Cortlandt do Co., New York.Detroit 6: Northwestern Ry.
1st mtge, $1,000,000, gold 1 1901 43s g 111-N $855,000 May 1 1921($100, $1,000) c*JInterest at Union Trust Co., Detroit, TrusteeBonds.-Are guaranteed, principal and interest, by the Detroit United
By. by endorsement and are subject to call at 105 and interest on 60 days'notice after May 1 1911. See V. 73, p. 494.
Detroit & Pontiac Ry.1st mortgage. $500,000, gold} 1897 5 g F-A $500,000 Feb 1 1922($1,000) c* Washington Trust Co., N. Y. ,Trustee.
Interest at People's State Bank, Detroit.1st con mtge, g ($1,000),1 1901 4 g J-D 600,000 June 1 1926
51,100,000 c*&rf Int. at Washington Trust Co.. N. Y., TrusteeBonds.-$500,000 consolidated mtge. 4J. % bonds are reserved to retire
like amount of 1st mtge. bonds. Bonds are subject to call at 105 and inter-est on 60 days' notice after June 1 1911. Principal and interest of bothissues guaranteed by Detroit United by endorsement.
Wyandotte & Detroit River Ry.
1st consol M. 5425,0001 1898 5 g J-D $425,000 Dec 1 1918($1,000), gold c*JInterest at Union Trust Co., Detroit, Trustee.
Detroit & Flint Railway.The Detroit & Flint By. was organized to acquire the Detroit Rochester
Romeo & Lake Orion, together with the Nor. Det. Elec. Ry, and the Da.Utica & Romeo Ry. The consol. mtge. Is a 1st lien on these last two prop's.
Date. Interest. Outstanding. Maturity.D Ft R & L 0 By 1st mtge, 1000 5 g J-D $1,100,000 June 1 1920
sinking fund, gold ($1,000), Interest at American Trust & Savings Bank,51,500,000; unissued bonds Chicago, Trustee; also Guaranty Trusthave been canceled c* Co., New York.
Detroit & Flint 1st consol M, 1901 5 g F-A $1,400,000 Aug 1 1021g, $3,000,000 ($1,000) c* Int. at Tr. Co. of America, N. Y., Trustee.Bonds.-Of the consolidated mtge., $1,100,000 are reserved to retire
bonds of like amount of the D. R. R. & Lake 0. By. and $500,000 have beencanceled. Consolidated bonds are subject to call at 100 and interest afterAug. 1 1911 on 60 days' notice. Both issues are guaranteed by the DetroitUnited By.; see form of guaranty in V. 78, p. 1300; as "additional collateralsecurity" on the Flint bonds 1st consol. 4 yi % bonds of the Detroit Unitedare deposited, $ for S. with the Guaranty Trust Co. of New York, and wouldbe available in the event of default on the Detroit & Flint bonds.REPORT.-Annual report of the Detroit United Ry. for the year ending
Dec. 31 1909 was published in V. 90, p. 445.
Detroit United RY., Rapid Railway System, Sandwich Windsor & Am-herstburg Ry. and Detroit Monroe & Toledo Short Line RY.Combined.'
Net earnings from operation $3,004,831 $2,555,637 $2,608,202Income from other sources
Income from all sources Deductions-
Interest and taxes Dividends
144,833 64,957 60,505
$3,149,664 $2,620,594 $2,668,707
$1,880,129 $1,618,666 $1,554,249343,750
$1,880,129 $1,618,666 $1,897,999Surplus income .$1,269,535 '$1,001,928 •5770.708Note.-Taxes are included in operating expenses in 1908 and 1907.The combined system carried 142,981,316 revenue passengers in 1909,
against 126,668,968 in 1908; 41,629,844 transfer passengers, against36,622,490.
'The Detroit Jackson & Chicago is included in the whole of 1909 and1908and in the last 11 months of 1907. In 1909 $400,000 of above surplus wascharged off for depreciation and $100,000 for contingent liabilities; in 1908$300,000 was charged off for depreciation and $50,000 for contingent lia-bilities and in 1907 $276,000.
DIVIDENDS.-First dividend of 1 % on Detroit United stock was paidMarch 1 1901 and 1 %, quarterly thereafter until Aug. 1 1905, when ratewas raised to 1 t % quarterly. On Nov. 1 1905 1 Ji %. In 1906 5%, In1907, Feb., 1$4%; May, 13‘%; Aug., 13-%. Nov. dividend passed.None since.ROAD.-On Jan. 1 1910 operated 746.531 miles of track, as follows:
Detroit United, including Wyandotte & Detroit River By, Detroit &Northwestern, Detroit & Pontiac, Detroit & Flint, 402.88 miles; Detroit &Port Huron Shore Line, 127.3a miles; Sandwich Windsor & AmherstburgBy., 36.06 miles; Detroit Monroe do Toledo Short Line, 74.72 miles; DetroitJackson & Chicago By., 105.49 miles. Rails, 77, 85 and 98-lb. steel. Doesan express service. Has 1.003 closed passenger cars, 306 open passenger cars,242 freight and construction cars, 19 line cars, 51 express cars, 10 miscel-laneous cars, 2 locomotives, 2,772 motors and 2,160 trucks. There are 11power-houses, with a combined capacity of 42,000 h. p., 2 storage batterieswith a combined capacity of 4,500 amperes and 19 sub-stations with acombined capacity of 14,850 k. w.OFFICERS.-Pres., J. C. Hutchins, Detroit; V.-P.'s, Arthur Pack, De-
troit, E. W. Moore, Cleveland, and A. J. Ferguson, Montreal; Treas., GeorgeH. Russel, Detroit; Sec., Edwin Henderson, New York; Asst. Sec., A. E.Peters, Detroit. General offices, 12 Woodward Ave., Detroit.-V, 83.p. 271, 1170; V. 84, p. 51, 270. 338, 387, 450, 1052, 1307, 1366; V. 85, p.345, 1005; V. 86, p. 337, 417,794; V. 88, p. 158, 374, 448, 563; V. 89, p. 993.1347; V. 90, p. 372, 445, 976, 1101; V. 91, p. 397, 790.
(1) Detroit & Port Huron Shore Line Ry,-A trolley road.Entire outstanding capital stock is now owned by the Detroit United By.ORGANIZATION.-Incorporated in May 1900. Is a consolidation of
the Rapid Railway Co. the Detroit Mt. Clemens & Marine City By. (thepurchaser of the properties of the Mt. Clemens & Lakeside Traction Co. andthe Detroit & River St. Clair By.), the Port Huron St. Clair & Marine CityBy. the Connors Creek & Clinton River Plank Road Co. and the CityElectric By. of Port Huron. The new company owns the capital stock ofeach road. The consolidated company operates all the tracks in Mt. Clem-ens and Port Huron, and the through route from Detroit to Port Huronrunning through Mt. Clemens, New Baltimore, Aigonac Marine City andSt. Clair. Also owns the capital stock of the Detroit do Lake St. Clair By.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock, $2,500,000 ($100) _ $2,000,000 1st mtge, $2,500,000 (51.000)1 1900 5 g J-J 1,717,000 Jan 1 1950cannot be called, gold c*dsr }Union Trust Co., Detroit, Trustee.
JInt. at American Exch. Nat. Bank, N. Y.Bonds.-01 the new 1st mortgage, $783,000 is set aside to retire under-
lying liens (namely the bonds of the Rapid Railway and of the City ElectricBy. and the Port Huron St. Clair & Marine City fly.). Of the $1,717,000bonds reported outstanding, $125,000 were on Dec. 31 1909 held In thetreasury of the Detroit United.
1st mortgage, $300,000, 1895 5 M-S $300,000 May 1 1915($1.000) c* Int. at Finance Co. of Penna., Phila., Trustee
1st Consolidated mortgage,l 1896 5 g M-N $300,000 May 1 1916$600,000 (gold) c*J Int. at Finance Co. of Penna., Phila., TrusteeOf the consol. mortgage bonds of 1896, $300,000 are reserved to take up
the outstanding first mortgage bonds.City Electric Railway (of Port Huron).
BONDS- Date. Interest. Outstanding. Maturity.1st mortgage, $200,000,1 1893 6 g M-S $180,000 Mar. 1 1913
gold, 51.000 Subject to call at 105 and Int.Int. at Hanover National Bank, N. Y. City.
Bonds.-The mortgage trustee is the Union Trust Company of Detroit.Port Huron St. Clair & Marine City Railway.
BONDS- Date. Interest. Outstanding. Maturity.1st mortgage, g., 5300,0001 1900 5 M-S $3,000 Mar. 1 1920($500 and $1,000) 'Union Trust Co., Detroit, Trustee.The remaining $297,000 bonds have been canceled.
Detroit & Lake St. Clair Ry. Co.BONDS- Date. Interest. Outstanding. Maturity
1st mortgage, $400,000 gold) 1900 5 g A-0 $300,000 Apr. 1 1920($1,000) c*JInterest at Union Trust Co., Detroit, TrusteeBonds.-The bonds are guaranteed, principal and interest, by the Detroit
& Port Huron Shore Line By., the Rapid Railway Co. and the Detroit Mt.Clemens & Marine City By. They are not subject to call. Of the $390.000reported outstanding, $100,000 were held by the Det. Unit, Dec.31 1920.ROAD.-Total Det. & Port Huron System, 127.38 miles.EARNINGS.-Now included in report of Detroit United Ry.-V. 77, D.
134; V. 84, p. 338.(2) Sandwich Windsor & Amherstberg R e-Trolley.ORGANIZATION.-Incorporated under special charter from Province
of Ontario. Owns entire capital stock ($100,000) of the Windsor & Tecum-seh Electric By. Entire stock of Sdw. Winds. & Amh, is owned by Det. Un,STOCK AND BONDS-Date. Interest. Outstanding. Maturity. Died
gold ($1,000) c*J National Trust Co.. Ltd., Toronto, Trustee.Wind &Tee El $300,00011 1907 5 g M-S 2 189,000 Sept 2 1927
dog ($1,000) gu p Lc' National Trust Co., Ltd., Toronto, Trustee.Bonds.-S. W. & Am . bonds are subj. to call after Dec. 1 1912 at 105.
Windsor & Tecum. bonds are guar., p. & I., by Sand. Windsor & Amherstb.By. They are red. on and after Sept. 2 1917 at 105 and Int. on 60 days'notice. Interest on both mortgages is payable at company's office.ROAD.-Operates 36.06 miles of track in and between Windsor, Walker-
ville, Sandwich and Amherstburg, including City By. of Windsor (2.52miles) operated under lease.-V. 75, p. 1303, 1400.
(3) Detroit Monroe & Toledo Short Line Ry.In Feb.. '06 entire stock was acquired by Det. Unit. By. V. 82. P. 392.ORGANIZATION.-Incorpornted in Michigan on December 11 1902.STOCKS AND BONDS- DAte. Interest. Outstanding, Maturity.
gold ($1,000) e*J Union Trust Co., Detroit, Trustee.Bonds.-Interest is payable in New York. No sinking fund and bonds
are not subject to call. Of the $2,581,000 reported outstanding above5120,000 were on Dec. 31 1909 in the Detroit United treasury.ROAD.-Operates 50 miles of road from Toledo to Detroit and 4 miles of
road from Monroe to Lake Erie; completed Nov. 5 1904. At Toledo con-nection is made with the Lake Shore Electric By. for Cleveland. Is ofsteam road construction, on private right of way; standard gauge, laid with70-lb. T-ralls. Total track, 74.72 miles.-V. 79, p. 2455; V. 82, p. 302.
(4) Detroit Jackson & Chicago Ry.ORGANIZATION.-A holding co. organized in Mich. In 1907 by Detroit
United interests to take over the Det. Ypsil. Ann Arbor & Jack. By.,theJack. Ann Arbor & Det. By. and the Det. Plym. & Northville By., payingtherefor $1,230,000. Entire stock owned by Detroit United By.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $25,000 ($100) - _ $25,000 1st cons 21,54,000,000 ($1,000)11007 5 g F-A 1,395,000 Feb 1 1937
gold c*lInt. at Security Trust Co. , Detroit, TrusteeBONDS.-Bonds are subject to call on any interest day at 105 and in-
terest. Guaranteed, p. & I., by the Detroit United Rys.; enough bonds arereserved to retire bonded debt of the Det. Yps. Ann Ar. & Jack. By. V.85.p. 345. Of the amount reported outstanding, $515,000 were on Dec. 311909 in the Detroit United treasury.
(a) Detroit Ypsilanti Ann Arbor & Jackson Ry.ORGANIZATION.-Organized in Michigan in 1901; absorbed by pur-
chase the Detroit Ypsilanti & Ann Arbor By. and the Ypsilanti & SalineElectric By. Franchises which are not perpetual expire In 1927STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, corn. (32,600,000) $2,600,000 1st consol. M., 52,600,0001 1901 5 g F-A 1,610,000 Feb. 1 1926$500 (51,000), gold at Detroit Trust Co., Detroit, Trustee.
Det. Yp. & Ann Ar. 1st M.1 1897 6 g M-N 600,000 Nov. 1 1917($600,000) , g. $500 or Interest at Union Trust Co., Detroit. Trustee$1.000 each)
Det Yps & Ann Ar cons 1st M} 1899 6 g F-A 330,000 Feb 1 192451.000,000 g ($500 & $1,- Interest at Union Trust Co., Detroit, Trustee.000) sinking fund annually
Yp. & Saline 1st Id 6 J-J 60,000 July 1 1919Of the new 1st mortgage of 52,600,000, 5900,000 are reserved for under-
lying liens. First consols cannot be called. See V. 75, p. 066.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT., 1910.] ELECTRIC RAILWAYS 43
)I
ROAD.-Completed and in operation from Detroit (through Wayneand Ypsilanti) to Ann Arbor and to Jackson; making mileage 100 miles, ofwhich 40 miles over private right of way. Total track, 105.49 miles;Rails 70 and 75-lb. T and girder. Does a freight business.-V. 79, p. 269.V. 81, p. 1723; V. 84, p. 51, 450.
DOYLESTOWN, PA.PHILADELPHIA & EASTON ELECTRIC RY. CO.-A trolley road.ORGANIZATION.-Organized in 1907 as successor to the Philadelphia
& Easton Ry. (formerly the Doylestown & Easton Street Ry.), sold attrustee's sale May 31 1907.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $265,000 ($50) $258,800 Pref $365,000 5% non-cum 354,800 1st mtge $1,000,000 (00 1 1907 4-5 g M-S 911,000 Sept 1 1927$500 and $100) gold-------*( Interest at Girard Trust Co., Phila., Trustee.STOCK.-Preferred shares have no voting power.Voting Trustees.-WIlliani Pearson, Harrisburg; John B. Myers, Lan-
caster; L. B. Hillard, Wilkes-Barre; Franklin Matthews, Philadelphia;Godfrey Shmidheiser, Philadelphia.Bonds.-The new $1,000,000 bonds are not subject to call and no sinking
fund. Interest is 4% to Sept. 1 1911 and 5% thereafter; $165,000 receiveno Interest until 1910.EARNINGS.-For year ending Dec. 31 1909, gross. $93,184.ROAD.-Operates 31 miles of road between Doylestown and Easton,
completed in summer of 1904. Operates 8 cars.OFFICERS.-Pres., A. H. Mettler, Phila.; Sec., W. S. Chambers,
Doylestown; Treas., H. G. Rush, Lancaster; Gen. Mgr., M. H. Bochow,Doylestown.-V. 85, P. 470.
DU BOIS, PA.DU BOIS ELECTRIC & TRACTION CO.-A trolley road and electric
lighting plantORGANIZATION.-Incorporated in New Jersey on Nov. 15 1901 as
the American Town Light Co. and name changed later as above. Is aconsolidation of the Du Bois Electric Co and the Du Bois Traction Co. V.76, p. 972. The United Traction Street By. (which is a consolidationIn 1908 of the United Trac. St. By. and United Trac. Extension St. RR.)with $200,000 of 5% bonds and $200.000 stock, which operates a line 14miles from DuBois to Sykesville and Big Run, Is controlled and owned bysame interests that control the DuBois El. & Tr. Co. Franchises for bothstreet railway and electric lighting arc perpetual and exclusive.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $300,000 ($100) - $300,000Coll. tr. mtge, $300,0001 1902 5 g M-N 297,000 May 1 1932($500), gold cif Int. at Knickerbocker Tr. Co., N. Y. Trust.Bonds.-No s. f., but subject to call at any time at 105 and int.EARNINGS.-For year ending Nov. 11909, gross, $74,878; net, $36,380;
fixed charges, $17,000; surplus;i$19,380.ROAD.-Operates 19 miles (Including United Trac. St. Ry.) in DuBois,
and extensions to Fall Creek, Sykesville and to Big Run, where connectionis made with tracks of the Jefferson Traction Co. Standard gauge; 60 and70-lb. girder and T rail.OFFICERS.-Pres., Austin Blakeslee; V.-P., J. E. Merrls: Sec., J. It.
Crissman; Treas., B. B. McCreIght, all of Du Bols.-V. 89, p. 1667.
DUBUQUE, IOWAUNION ELECTRIC CO. IN IOWA.-Trolley.ORGANIZATION.-Incorporated in Iowa in 1900 as a consolidation of
the Home Electric Co., the Dubuque Street By. and the Star Electric Co.,which constitute the entire electric light and street railway properties of thecity of Dubuque, Iowa. In June 1907 authorized stock was increased from$1,000,000 to $1,500,000. Franchises mature 1927.STOCK AND BONDS - Date. Interest. Outstanding. Maturity.
Common, $750,000 ($100) $655,000 ,Pref., $750,000 (8100) 6% cum - - 6% 727000 May '10.
1st mtge., $980.000, gold,1 1904 5 g MN 620 000 May 1 1924($1,000) c*f Int. at Ill. Tr. & Say. Bk., Chicago, Trustee.Remaining $330,000 bonds reserved for 80 % of cost of extensions an ti
improvements; but only in event of increase of stock, and then to;only two-thirds of such increase, but In no case to be made earlier than two yearsfrom date of bonds. Bonds subject to call at 105 and Int. Sinking fundof $15,000 per annum began April 30 1908. $30,000 have been retired.Dividends.-First dividend on pref., 3,6 %, June 1 1907, and ;i % has
been paid monthly up to and Including May 1910.EARNINGS.-For calendar year 1909, gross, $357,905; net, after taxes,
$128,183; int. and sink. fund, $46,575; divs.. $43,620; surplus, $37,988;1908. gross, $323,319; net after taxes, $117,351.ROAD.-Owns and operates about 173,i miles of track on 14 miles of
street in Dubuque, West Dubuque and to Union and Nutwood parks, andhas contract with the city for supplying electric lights.OFFICERS.-Pres., F. D. Stout, Chicago; V.-P., D. D. Myers; Sec. and
Trees, J. R. Lindsay:, Railway Exchange. Chicago; Gen. Man., L. D.Mathes.-V. 71, p. 2643; V. 84, p. 1533* V. 86, p. 983.
DULUTH, MINN.D UL UTH -SUPER 10 R TR ACT IO N.-Trolley.ORGANIZATION.-Incorporated in Connecticut In 1900. Owns entire
stock of the Duluth Street By., the Lakeside Street Ry. and the Super-ior Rapid Transit. The corporate existence of the Duluth Street Ry. .Is maintained, but all of its stock ($2.000.000 authorized, $1,800 000 out-standing) is held by the Duluth-Superior Traction. This latter companyhas no bonded debt. The Duluth Street By. was organized under Actof Minnesota approved Nov. 17 1881, and possesses "an exclusive franchise"which runs until 1931. See decision with regard to franchises in Superiorin V 80, p. 1911. The Duluth-Superior Bridge at West Superior is used bythe railway but is a separate corporation, and has issued first mortgagebonds for $650,000 and second mortgage bonds for $300,000-see bridgeItems. V. 63, p. 310, 504. In 1903 entered into contract with the GreatNorthern Power Co. to supply sufficient power to operate the street rail -ways in both cities. Power was being dellvered in 1908. In May 1910Wisconsin RR. Comm. sanctioned the creation of a $2,500,000 mtge. byDuluth Street By. V. 90, p. 1206; V. 91, p. 276.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
%Common, $3,500,000 ($100)- $3,500,000 Oct'10,1Pref.4 % cum. $1,500,000 ($100) _ Q-J 1,500,000 Oct '10, 1%Duluth St. By. M., $2,500,00011900 5 g M&N 2,500,000 May 1 1930
gold ($1.000) csjInt. at Cent. Trust Co., N Y., Trustee.Dui St By gen M $2,500,0001 1910 5 300,000 1930
gold ($1,000) c\ Int. at Central Tr. Co., N. Y., Trustee.Stock.-Both corn. and pref. Is listed on N. Y. Stock Exch. V. 90, p. 848.Bonds.-The mtge. of 1900 covers all the mileage of the Duluth Street By.,
the property of the Lakeside St. By. and of the Superior Rapid Transithaving first been conveyed to the Duluth St. By. The gen. mtge. bonds aresubj. to call on any int. day after May 1 1915 at 105. Remaining bondsmay be Issued for additions, extensions, &c.Dividends.-On the pref. stock 4% p. a. Is being paid. On corn., 1st div.
-1%-Oct. 1909. Same amount quar. since to and including July 1910;In Oct. 1910, 13%.ROAD.-The system embraces 77.99 miles of track and includes all the
lines in Duluth and Superlor. 100 cars.REPORT.-For calendar years: (Report for 1909 in V. 91, p 211.)
892,638 340,858 88,308 159,201 60,000 1908 33,349In 1909 carried 19,431,381 revenue and 3,778,780 transfer passengers,
against 17,661,560 revenue and 4,275,087 transfers in 1908.OFFICERS.-Pres., C. G. Goodrich; V.-P., Horace Lowry Sec. &
Treas., S. L. Reichert; Asst. Sec., Edmund Zachcr; Gen. Mgr., HerbertWarren.-V. 72, P. 183, 627; V. 80, p. 1911; V. 89, p. 285, 666; V. 90.p. 627, 1296; V. 91, p. 211, 276, 654.
EAST LIVERPOOL, OHIO.EAST LIVERPOOL TRACTION & LIGHT.ORGANIZATION.-Incorporated in Ohio on Sept. 30 1905 and is a con-
solidation of the United Power Co.. the East Liverpool By. the CeramicCity Light Co., the Wellsville Electric Light Co., the Glasgow RR., theEastern Ohio RR., the Island Run Coal Co., the East Liverpool & RockSprings Street Ry., the East Liverpool Bridge Co., the Chester Light &Power Co. and the People's Light & Power Co. See V. 81. p. 1701.
STOCK AND BONDS - Date. Interest. Outstanding. Maturity.Common, $2,500,000 ($100) $2,500.000 Pref., 5% n.c., $500,000 ($100) 500,000 1st snort , $3,000,000, gold1 1905 5 g M-N 2,810,000 Nov 1 1925(81.000) cl Int. at Union Trust Co.. Pittsb., Trustee.
East Liverpool Ry.lst mtge__ __ 5% 150,000 June 1 1917Bonds.-01 the $3,000,000 1st mtge. of 1905, $150,000 are reserved to
retire like amount of East Liverpool Ry. bonds and $40,000 are reserved forextensions, improvements and acquisitions. Are subject to call on anyinterest date at 105.EARNINGS.-For 12 months ending June 30 1909, gross, $342,938; net.
$168,564; interest and taxes, $164,986; surplus, $3,578ROAD.-Comprises 15 miles of track between East Liverpool and Wells-
ville. Standard gauge, 73-lb. girder and T rail. At Wellsville connectswith the Steubenville & East Liverpool By. & Lt. Co. and at East Liverpoolwith the Ohio River Pass. By. By traffic agreements with these two com-panies operates a through line between Steubenville, 0.. and Beaver,Pa.,Will eventually reach Rochester, Pa.OFFICERS.-Pres. & Treas., Edward McDonnell, East Liverpool; V.-P ;
C. A. Smith, East Liverpool; Sec., Geo. H. Faulk; Gen. Mgr., W. R W.Griffin.-V. 81, p. 1791; V. 82, p. 804; V. 90, p. 1490.
STEUBENVILLE & EAST LIVERPOOL RAILWAY & LIGHT CO.ORGANIZATION.-Incorporated In Ohio April 1906 as successor to
the Steubenville Traction & Light Co., which in Jan. 1901 had taken overthe Steubenville Gas & Electric Co. and the Steubenville Traction Co.Owns the Pleasant Heights line. Light franchises perpetual; street rail-way franchises expire 1925 to 1928. Bonds listed on the PhiladelphiaStock Exchange.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $3,000,000 $3,000.000 First mortgage, 83,000,001 1907 5 J-J 1,860,000 1912($1.000), geld e Int. at Commercial Trust Co.. Phil.. Trustee.
Steuben Tract & Lt 1st mtge. ____ 5 g M-N 790,000 May 1 1926$1,000,000 ($1,000), gc*1 Int at Metropolitan Trust Co., N.Y., True.Bonds.-Of the new $3,000,000 bonds, $790,000 are reserved to retire
prior liens and $350,000 are in the treasury of the company. Cannot becalled.ROAD.-Operates 19 rages of double-track road between Steubenville
and Wellsville. 85-1b. rail. 13 closed and 16 open cars. Also electric-light and gas plants and pleasure park of 85 acres.OFFICERS.-Pres. & Treas., Edw, McDonnell; Sec., Geo. H. Faulk;
Gen. Mgr.. W. R. W. Griffin.
EASTON, PA.EASTON CONSOLIDATED ELECTRIC.On May 1 1904 lease to Lehigh Valley Traction was canceled by rentals
being in default. See V. 78, p. 1446, 1781. In June 1904 a further install-ment of $5 per share was called on stock. V. 78, p. 2011, 2442. Dividendpayments have been: July 1900, 354 % on $10 paid in; Sept. 1901 andMarch and Sept. 1902, 3% on $15 paid in; March 1903 (paid in July) andSept. 1903. 4% on $15 paid in.In Dec. 1905 declared, a dividend of $2 50, and at same time called an
assessment of $5 per share on the stock; the dividend was credited on theassessment, making the stock 50% paid in. V 81, p. 1791. Cash divi-dends resumed in Oct. 1906 by the payment of 254 %. V. 83, p. 687.254% again paid April 1 1907 and 254% Oct. 1 1907; none since.ORGANIZATION.-Consolidation by stock ownership of the Easton
Transit Co., the Edison Illuminating Co. of Easton, the Easton Palmer &Bethlehem Street By. Co., the Easton & Bethlehem Transit Co.. Northamp-ton Central Street By. Co. and the Easton & South Bethlehem Transit Co.Incorporated in New Jersey March 11 1899. Owns all the stock of the Penn.Motor Co.
Consolidation of Subsidtaries.-On Jan. 3 1908 the (old) Easton TransitCo., the Easton & Bethlehem Transit Co., the Easton Palmer & BethlehemStreet By. and the Northampton Central Street By. were merged Into the(new) Easton Transit Co. (V. 85, p. 1461), and in 1909 the Easton & SouthBethlehem Trans. Co. was also merged into the (new) Easton Transit Co.Stock, $2,150,000; all owned by Easton Consolidated Elec.
STOCK AND BONDS.-Both the stock and the collateral trust 5s wereIn Jan. 1900 listed on the Philadelphia Stock Exchange.
Date. Interest. Outstanding. Maturity.Stock $1,500,000 (par $50)- 50 % pd. In Oct '07, 234Collateral trust 11,300.000 g 1899 5 g M-N 1,240,000 May 1 1949($1,000 and $500) c* Interest at Girard Trust Co.. Phila., Trustee.
Pennsylvania Motor Co 1st M 1891 6 A-0 60,000 Aprll 1 1941(cannot be called) Lack. Tr. & Safe Dep. Co.. Scranton, Trust.
iEas Pal & Beth Elec 1st gold 1898 5 J-J 200,000 Jan, 1 1919$200,000, cannot be called Int. at U. S. Mtge. & Trust Co., N. Y., Trust.
Eas & So Beth Tr 1st M $500.- 1906 5 g J-J 461,000 July 1 1936000 guar gold ($1,000) __c* Girard Trust Co., Philadelphia, Trustee.Bonds.-The coll. bonds have no s. 1. and are not subj. to call. Of the
total of $1,300,000, $60,000 Is reserved to retire the Penn. Motor bonds.Issue Is secured by a pledge of $2,150,000 stock (the entire issue) of the(new) Easton Transit Co., 12,322 shares (entire issue) of Edison Ilium-stock, and 2,400 shares (the entire issue) of Penn Motor stock. Int. onEaston & So. Beth. Transit bonds is payable at office of Edw. B. Smith &Co.'
Phila., or at company's office. They are guar., p. & I., by end, by theEaston Consol Elec. A sinking fund of $5,000 p. a. commenced June 11908; $15,000 have been retired. Bonds are subj. to call after July 1 1911at 105 and Int. V. 83. p. 323.REPORT.-For calendar years:
Cal. Gross Earn. Net Inc. Net Inc. Total E. Bond Exp.& BalanceYear- E.Tran.E.Tr.Co.Ed.I11.Co. Con.E1. Interest. Taxes. for Year.1909 - _$352,408 $72,193 $28,302 $100,495 $61,850 $8,215 sur.$30,4301908 ___ 330,231 43,714 26,549 70,263 61,850 12,302 def. 3,889ROAD.-Embraces practically the entire street railway system of Easton.
and West Easton, Pa., and Philipsburg. N. J.. with lines from Easton toBethlehem, South Bethlehem and Nazareth; total track, 53.787 miles.Through arrangements with Lehigh Valley Transit Co. operates throughcars from Easton to Bethlehem. 101 cars.OFFICERS.-Pres.. Jos. S. Lovering. Franklin Bank Bldg., Phila.; 1st
V.-P., S. H. Hackett; 2d V.-P.. H. R. Fehr; Sec. & Treas., F. A. Hazzard:Asst. Sec. & Treas., S. H. Sargent.-V 84, p. 450, 693, 1307; V. 85, p. 283.464, 1461, 1518; V. 86, p. 602; V. 87, p. 226; V. 88. p. 685; V. 90, p. 697.
PENNSYLVANIA-NEW JERSEY RAILWAYS.ORGANIZATION.-Incorp. In Delaware in 1910 to hold • stocks of
the Northampton Traction Co. and the Easton & Wash. Trac. Co. forwhich its own stock has been exchanged. The traction companies preservetheir separate corporate existence and have united in authorizing the mtge.of 1910 given below. These bonds are a joint and several obligation of thetwo tractIon companies, and not of the holding company, which has nobonded debt of its own. V. 91, p. 589.STOCK AND BONDS. Date. Interest, Outstanding. Maturity.
Common $5,000,000 ($100)_Pref 5% $500.000 ($100) - 500,000 Joint mtge $5,000,000 sect 1910 5 M-N 550,000 May 1 1950
text ($100, $500 & $1,000)f Bankers Trust Co., N. Y., trustee.Northampton Traction 1st M.1 1903 5 g J-J $350,000 Jan 1 1933$400,000 gold_, csfInt. at Northampton Tr. Co. (Easton), trust.Bonds.-Northampton Traction bonds are in denominations of $100, $200
$500 and $1,000. A sinking fund of 10% of net earnings is now operative.but the bonds cannot be called.EARNINGS.-For Northampton Traction Co. for year end. June 30
1910, gross, $113,510; net after taxes, $43,032; interest, $25,783; surplus,$17,249.ROAD.-Operates 24 miles of track from Easton to Nazareth and from
Easton to Bangor, chiefly on private right-of-way, and 17 miles of trackfrom Phillipsburg, N. J., to Port Murray, N. J. Total, 41 miles of trackoperated. Standard gauge; 65, 70 and 80-lb. steel rail. It is planned toextend the line to Hackettstown, and eventually to connect with MorrisCounty Traction Co's lines.-V. 91, p. 589.
EAST ST. LOUIS, ILL.EAST ST. LOUIS & SUBURBAN CO.-Trolley. (See May on page 44.)ORGANIZATION.-Incorp. In N. J. In 1902 and In April 1906 absorbed
the Alton Granite & St. L. Co. It owns all the stock except directors' sharesand all bonds of East St. Louis By. Co., the St. L. & East St. L. Elec. Ry.Co.and the East St. Louis & Suburban By. Co.; all the stock of theAltonGranite & St. Louis Trac. Co., the Alton Gas & Elec. Co. and all the bonds
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of the St. Louis & Belleville Elec. By. Co.; also all the stock and bondsof East St. L. Lt. & P. Co. of East St. Louis; V. 91, p. 399. These cos. ownand operate all the electric railway lines in East St. Louis, Alton and Belle-ville, and interurban lines to Belleville, Edwardsville. Collinsville, Casey-ville, O'Fallon, Lebanon, Brooklyn, Venice, Madison, Granite City andAlton and the only electric line across the Bads Bridge-the latter under a50-year exclusive contract from 1903 to operate cars over this bridge, whichIs the only bridge connecting St. Louis and East St. Louis. Has a contractWith' the city of East St. Louis for municipal lighting until 1920 and withthe city of Alton for municipal lighting until 1913. Franchises in East St.Louis, Edwardsville, Collinsville, Caseyville, O'Fallon and Lebanon expirefrom 1948 to 1952 and in Belleville (5 miles) in 1920. Alton railway fran-chise and Alton electric-light franchise expire in 1948; Alton gas franchise iswithout limit of time; Granite City franchise expires in 1925; Madisonfranchise in 1925; Venice franchise in 1920; Brooklyn franchise in 1921;franchise for county road crossings in 1925.Both stock and bonds of the East St. Louis & Suburban Co. have been
listed on the Philadelphia, Loulsvi'le, Columbus and St. Louis stock exch.Of the stocks and bonds owned, the following have been deposited with
the St. Louts Tinton Trust Co. as collateral for the East St. Louts & Sub-urban Co. collateral trust bonds. The figures given cover the entire issuesexcept for stock in directors' names.
Bonds. Stock.East St. Louis & Suburban By. Co $3,800,000 $3,781,500East St. Louis By. Co 1,709,000 1,805,500St. Louis & East St. Louis El. Ry. Co 500,000 499,500St. Louis & Belleville El Ry Co 750,000East St. Louis Light & Power Co 733,200
$6,849,000 $1,819,700The capitalization of the East St. Louis & Suburban Co. is as follows:STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
cum Collateral trust mortgage $8,-1 1902 5 g A-0 7.936,000 April 1 1932000,000 gold 01,000) ___c* Interest at St. Louis Union Tr. Co., Trustee.
or at E. W. Clark & Co., Philadelphia.A 0 & St Louis Trac Co 1st) 1904 5 g F-A 2,263,000 Aug. 1 1944
consol M, $3,000,000 gold lint. at Illinois State Tr. Co., East St. Louis.($1,000) c*J Trustee, or at Morton Trust Co., N. Y.
Alton By & Ilium first mtgei 1895 5 g A-0 250,000 Oct. 1 1915$250
as 000 gold ($1,000) _ _c* Interest at Manhattan Trust., N. Y., Trustee.
Altonfly G & Electric Col 1899 5 g A-0 250,000 Oct. 1 1939mortgage $500,000 ($1,000) Int. at Trust Co. of America, N. Y., Trustee.gold cc No sinking fund; bonds cannot be called.Bonds.-Of the $8,000,000 coll, trust bonds, $7,936,000 are outstanding,
and the balance, $04,000, are reserved for future extensions and impr'ts.Bonds are redeemable on any interest day at 105 and interest on 60 days'notice. See V. 76, p. 382. Of the $500,000 Alton By., Gas & Elec. Co.bonds, $250,000 are reserved for prior liens. $2,263,000 Alt. Gran. & St.Louis Trac. 1st consols are outstanding; $500,000 are reserved to take upprior bonds. The remaining bonds are for extensions and improvements.They are also a lien on the property of the Alton Gas & Electric Co., whichwas owned by the Alton Granite & St. L. Trac. Co.. when the mort. wasmade. No sinking funds, but bonds are subject to call on any interest dateat 110 and Interest upon 90 days' notice.
Dividends.-5% per annum has been paid quarterly on preferred sinceIts issue May 1 1906 up to and including Aug. 1 1910.REPORT.-For year ending Dec. 31 1909. gross, $2,035,790; net,
$938,553; fixed charges, $587,907; preferred dividend, $350,000; surplus.$646. In 1908, gross, $2,009,514; net, $947,205; fixed charges, $571,655;preferred dividend, $350,000; surplus, $25,550.ROAD.-Operates 185 miles of track, including all the lines in East
St. Louis, Belleville and Alton, a double-track road from East St. Louis toBelleville, a single-track line to O'Fallon and Lebanon, a single-track line toEdwardsville, and also a single-track line to Alton. Has 160 cars.OFFICERS.-Pres., C. M. Clark; V.-P., E. W. Clark; Sec. & Asst.
Treas., G. L. Estabrook; Treas., C A. Pearson Jr.; Asst. Sec. T. W.Gregory. Office of Suburban amden, N. J., operating company
, at
East St. Louis-V. 83, p. 271, Co.,
887, 969, 1170; V. 87, p. 812, 1089: V.90, p. 54, V. 91, p. 397.
EAU CLAIRE, WIS.CHIPPEWA VALLEY RAILWAY LIGHT & POWER CO.ORGANIZATION.-Incorporated in 1898 under the laws of Wisconsin.
Owns the Chippewa Valley Elec. RR., in which the Eau Claire Light &Power Co. has been merged. Company has surrendered its Eau Clairelighting franchise and operates under indeterminate permit as to lighting.Still holds railway franchise.STOCK AND BONDS- Date. Interest. Outstanding. Maturity .
Common, $1,500,000 ($100) $900,000May'10,6% %Pref 7 % cum, $200,000 ($100) Q-M 150,000 Sept. '10,1 Y.First mortgage $2,000,0001 1907 5 J-J 900,000 July 1 1924($1,000) gold co lint. at Harris Tr. & Say. Bk., Chicago, TrustBonds.-Of the new $2,000,000 bonds, $200,000 may be issued for 75%
of cost of extension to Menominie; remainder can be Issued for 75% ofcost of other permanent extensions, additions and improvements, providednet earnings for preceding year have been twice annual interest charges,including interest on bonds to be issued. Are subject to call on and afterJuly 1 1913 at 105 and interest, $750 prior liens remain outstanding, butas sufficient proceeds have been set aside from sale of outstanding bonds toretire these, we omit them from the statement. Sinking fund begins 1913.V.85. p. 1461.Dividends.-Dividends of 15i% are paid on pref. each quarterly. On
corn., first div.-2%-paid Sept. 1909. In 1910, May,wyo.EARNINGS.-For year ending Dec. 31 1909, gross, $179,203; net. after
taxes, $92,461; int. on $700,000 1st mtge. bonds, $35,000; surplus, $57,461.ROAD.-Operates 224 miles of road in Eau Claire and Chippewa Falls,
Including an interurban line between them. Owns all the water powerson Red Cedar River and does all electric lighting and power business InEau Claire.OFFICERS.-Pres., 0. H. Ingram; V.-P., John S. Owen; Sec. and Gen.
Mgr. Geo. B. Wheeler; Treas., B. A. Buffington; Asst. Mgr. A. E. PierceJr.-IV. 85, p. 1209, 1461; V. 90, P. 697.
ELMIRA, N. Y.ELMIRA WATER. LIGHT & RAILROAD COMPANY.ORGANIZATION.-This company was Incorporated on May 26 1000
for the purpose of consolidating all the water, lighting, power and streetrailway properties in Elmira, comprising the following: The Elmira Munici-pal Improvement Co.; the Elmira & Horseheads By.; the Maple AvenueRy.; the West Water Street RR.; the West Side Railway Co.; the ElmiraGas & Illuminating Co., the Elmira Illuminating.Co.; the Elmira Water-Works Co. and the Elmira Heights Water Co. In May 1006 we were in-formed that none of the franchises had less than 99 years to run, while someof them were perpetual. In Sept. 1906 purchased the entire capital stockand bonds of the Elmira & Seneca Lake Traction Co. In Feb. 1910 wasauthorized to acquire all stock of the Montour Falls Electric Light Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $1,000,000 ($100) $1,000,000 Pref. 5% cum., $1,000,000--_ ____ 5 M-S 680,000Sept.1'10,2HElmira Water-Works (list mtg_l____ 6. A-0 339,000 1913$339,000 ($1,000 and $500) .j Int. at Farmers' L.&.Tr.Co., N.Y.. trustee.
West Side RR gold first mort-1 1894 5 g A-0 355,000 Oct 1 1914gage 1J. B. Rathbone, V.-P., Chemung Canal
l Trust Co., Elmira, Trustee.First mortgage 12,000,000,1 1900 5 g J-J 1,661,000 Jan 1 1649
gold ($1,000 and $500)-cflUnited States Mortgage & Tr., N. Y ,Trust.I. Subject to call at 105 and interest
let consol mtge, $5,000,0001 1906 5 g M-S 1,818,000 Sep 1 1956($1,000), gold c*J Int. at New York Trust Co.. TrusteBonds.-Of the 1st 5s of 1900 1339,000 are reserved to retire at maturity
the bonds of the Elmira Wat, Wks. Co., due '13. $355,000 outstand, bondsof the West Side RR. and the Elmira Hghts. Water Co. are guaranteed. Ofthe 1st consol. mtg. of 1906 $2,355,000 arc reserved for prior Hens V. 83,p. 393; V. 86, p. 720.Dividends.-lst dividend on nreferred, 23.4%, paid Sent. 1007. In
1908, 5%. In 1009, 5%. In 1910, March, 2)4%; Sept.. 23.4%,ROAD.--Comprises 27)4 wiles of track, controlling all the principal streets
In Elmira and connecting he suburban towns of Elmira Heights, Southportand Horseheads, and 17 miles from Horseheads to Watkins, via Millportand Montours Falls, to Seneca Lake. Equipment consists of 40 closed cars,39 open cars and 18 trailers. Track laid with 75 and 00-1b. girder rails.Owns Rorick Glen Park.
REPORT.-Earnings for year ending June 30 1910 were: Gross, $867,-233; net, $328,118; fixed charges, $230,862; surplus, $97,256.
OFFICERS.-Pres.. Ray Tompkins; V.-P., S. J. Dill; Sec. and Treas.;H. M. Beardsley; Asst. Sec., Henry Morgan, 40 Wall St., N. Y.-V. 72.p. 935, 988; V. 82, p. 1166; V. 83. p. 893; V. 86, p. 720; V. 87, p. 778.
EL PASO, TEXAS.EL PASO ELECTRIC CO.-Incorporated in New Jersey and owns the
securities of the El Paso Elec. By. Co. and the El Paso & Juarez Trac.comprising practically all the electric lighting and the entire street railwaybusiness of El Paso, Tex., and Juarez, Mexico. Railway franchise in ElPaso expires in 1951; in Juarez in 1988. Lighting franchise in El Paso ex-pires in 1952; in Juarez in 1915. In 1909 increased pref.from $500,000 to$1,000,000. V. 90, p. 109.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $2,000,000 ($100)-- M-S $1,000,000 Sept.'I 0, 2%Pref $1,000,000 6% n-c ($100) ____ 6 J-J 800,000 July11'10,3%Collat trust mtge $1,000,0001 1902 5 g J-J 1,000,000 Jan 1 1932($1,000) gold cfInt at State Street Trust Co. Boston, Trustee
Notes $500,000 gold ($100,) 1908 6 J-J 15 500,000 Jan 15 1913$500 and $1,000) clInt. at State Street Tr. Co Boston, Trustee.Stock and Bonds.-$500,000 of com, stock is reserved for conversion of
like amount of notes.The 1908 notes are convertible at option of holder intocorn, stock at par; can be called on 60 days' notice on any int, date afterNov. 1 1910 at par and interest. The 1902 coll, trust bonds cannot becalled and no sinking fund.
Dividends.-FIrst div., 3% on pref. stock, was paid Jan. 12 1903; also 3%on July 13 1903; 1904 to 1909 inclusive, 6% per annum: in 1910. Jan.. 3%July, 3%. On common, first div., 2%, Mch. 1910; Sept., 2%.EARNINGS.-Of combined companies for 12 months ending Dec. 31
1909: Gross. $600.958; net, $240,855; int. and taxes, $98,225; dividend.$27,054; balance, $115,576.ROAD.-Operates 293( miles of track in and between El Paso. Tex.;
and Juarez, Mexico; chiefly 60-lb. T rail; 47 cars: standard gauge.OFFICERS.-Pres., G. E. Tripp; V.-P., Joseph Remick; Treas., Henry
B. Sawyer; Sec., Clement R. Ford; Mgr., C. W. Kellogg Jr.; Trans. Agents.Stone & Webster. Boston.-V. 85, p. 1269; V. 86, p. 1409; V. 90, p. 109.502.
ERIE TRACTION CO.In 1907 control changed hands and officers elected as below.ORGANIZATION.-Incorporated in Pennsylvania on April 16 1901.STOCK AND BONDS- Date. Interest Outstanding. Maturity.
Stock, $500,000 ($50) $500,0001st mortgage. $500,000 gold11907 5 g J-J 500,000 July 1 1929$1,000 $5,000 & $10,000c•JInt. at Sec. Say. & Tr. Co.. Erie, trustee.
2d mortgage $300,000 gold__ 1908 5% 300,000 See textLoans payable June 30 1910. 14,000Bonds.-A sinking fund of $20 for every $1,000 1st m. bond commences
July 1 1912. Subject to call in entirety after 5 years at par. The 2ndmtge. bonds are all held by the stockholders and are being continued andkept Mil e indefinitely, although past due.EARNINGS.-For year ending Dec. 31 1909: Gross., $90,930; net;
$26,171; fixed charges, $42,757; deficit, $16,586.ROAD.-Operates 27)4 miles of track from Erie to Edinboro and Cam-
bridge Springs. Standard gauge, 60-1b. and 70-1b. girder and T-rall.OFFICERS.-Pres., F. F. Curtze; V.-P., Wm. Spencer; Sec.-Treas.,
Chas. M. Hatch. All of Erie, Pa.
ERIE, PA.
EUREKA, CAL.HUMBOLDT TRANSIT CO.ORGANIZATION.-Incorporated in California July 31 1903.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.
Stock $1,000,000 ($100) _ $500,000 1st mtge $1,000,000 ($1,000) ___ 5 g A-0 211,000 Oct 1 1934
gold c&rJ Union Tr. Co. of San Fran.. trustee.Bonds are not subject to call. A sinking fund of 2% of bonds out begins
Oct. 1910.EARNINGS.-For cal. year 1909. gross, *83,637; in 1908, gross, $83,218.
In 1907, gross, $82,333.ROAD,-Comprises 13 miles of track In city of Eureka. 45-60-lb. T-rails.OFFICERS.-Pres., Wm. Butterworth; Sec., and Treas., Horace R.
Hudson; Mgr., M. M. Martin.
EVANSVILLE, IND.EVANSVILLE & SOUTHERN INDIANA TRACTION CO.-Trolley.ORGANIZATION -Incorporated in Jan. 1907 and is a consolidation of
the Evansville Elec. By. and the Evansville Princeton & Vincennes Inter.Ry. Franchises expire in 1951 and 1952.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
let con mtge, *4,000,000, g1 1907 5 g J-J 1,000,000 Jan 1 1937($1,000) cJ Int. at Trust Co. of No. Am., Phila., Trustee.
Evansville El Ry 1st mtge, 1901 4 g M-N 1,200,000 May 1 1921$1,200,000, gold ($1,000)c• Int. at Farmers' L. & Tr. Co., N. Y. True.
Evansv & Prince 1st mtire,} 1903 5 g A-0 370,000 April 1923$400,000, gold ($1,000), Int. at Cit. Say. & Tr. Co., Cleve., Trustee,sinking fund cikr or at First National Bank, New York.
Bonds.-Of the $4,000,000 new bonds. $1,600,000 are reserved for priorliens. Are subject to call on any int. date before Jan. 1 1912 on 60 days'notice at 105 and Interest.The Evansville & Princeton first 5s have a sinking fund of $10,000 per
annum, which began April 1 1908, said fund to be invested in the bondsat 105 beginning with No. 1. $30,000 have been redeemed. Whole Issueof these bonds may be called at any time at 110 and int. Geo. B. Denisonof Cleveland is co-trustee of this mortgage.EARNINGS.-For year ending Dec. 31 1909, gross, $346.398; net,
$121,012; in 1908, gross, $372,993; net, $138,036. Decrease in 1909 earn-ings was due to a 69-days' strike in that yearROAD.-Owns about 65 miles of track in Evansville and between Evans-
ville, Princeton and Patoka. 60. 70 and 75-1b. T-rails. Also owns parkand pleasure resort.OFFICERS.-Pres., C. M. Murdock; V.-Ps.. A. L. Kitselman and H. W.
Marshall; Sec., W. V. Stuart; Treas., S. T. Murdock; Gen. Mgr.. FletcherM. Durbin; Aud., J. G. McKee.-V. 84, p. 158, 339, 1366.
EVANSVILLE RAILWAYS CO.A syndicate composed of the principal stockholders of the Evansville
Rys. Co. In May 1910 purchased control of the Henderson (Ky.) Trac. Co.and the Owensboro (Ky.) City RR. V. 90, p. 1362. See statements oftwo last-named companies on subsequent pages.
ORGANIZATION.-Incorporated in Indiana in August 1907 to contro;he Evansville & Eastern Electric By. and the Evansville & Mt. VernonElectric Ry. Owns all the stock of the latter road and 98% of the stockof the former. The Evansville Rys. Co. leases the Evansville & EasternElectric Ry. In Nov. 1907 authorized 1500.000 pref. stk. V. 85, p. 1401.On March 7 1908 the Evansville Terminal Ry. (franchise for 50 years) was
Incorporated in Indiana to build a line from Newburgh to Evansville (10miles). Road is leased to the Evansville Rys. Co. The entire $200,000stock of Evansville Terminal By. is owned by the Evansville Rys. Co.Subscribers to the $200,000 bonds of the Terminal By:,offered in May 1908at 90, were given a bonus of 30% in preferred stock of the Evansville Rye.Co. V. 86. p. 1100.
• STOCK AND BONDS- Date. Rate. Outstanding. Last Div.Common, 51.000.000 ($100)- - $840,000 Pref., $500,000, 6% cum J-J 110,000 Evans & E Eke By 1st mort-) 190(3. 5 g A-0 690,000 April 1 1936• gage, $750,000. gold ($500 }Int. at American Trust & Say. Co.. Evans-and $1,000) eel yule, or Pittsburgh Tr, Co. Pittsb. • True.
Evans do Mt V Elec Ry 1st M,J. 190 5 5 g A-0 35o.osio Oct 1125$350,000, gold ($1,000) -c*1 Int. at Amer. Tr. & Say. Co. Evansv., True.
Evansv. Term. Hy. 1st mtge) 1908 5 J-J 275,40 Jan 1 1939$300,000 gold ($1,000)_ _ c } Int. at Am. Tr. & Sav. Co., Evansville. trust,gu. p.&i. by Evans.Rys.Coj and Ills. Tr. & Say. Bank, Chicago.
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46 ELECTRIC RAILWAYS
Stock and Bonds.-Pref. stock can be called any time at par. Of theEvansville & Eastern Electric Ry. bonds, $60,000 are re-served for extensions and improvements at 85 % of cost. Are subject tocall, in whole or in part, at 105 and interest on any interest day upon 90days notice; $2,500 is payable annually to a sinking fund from 1910 ta1920; from 1921 to 1936, $5,000 per annum. Sink. fund of $10,500 perannum began Oct. 1 1910 on Evansy. & Mt Ver. Elec. Ry., to be investedin ten bonds annually at 105. Subject to call at any interest period at 110.Evansville Terminal bonds are redeemable at 105 and int. on any int. dayat 60 days' notice. Sinking fund begins 1912.EARNINGS.-For year ending June 30 1910, gross, $171,144; net, $71,-
494; interest, $56,000; surplus, $15,494.ROAD.-The Evansville & Eastern road consists of 25 miles of track
from Newburgh (from which point it enters Evansville over tracks of theEvansville Terminal Ry.. 10 miles) to Rockport, including a 4-mile branchto Richland. The Evansville & Mt. Vernon road consists of 18 miles oftrack from Evansville to Mt. Vernon. Total length of lines, 53 miles.Extensions aggregating 19 miles are projected to Troy, Tell City and Can-nelton. Extension to Grand View, 6 miles, to be In operation in Nov. 1910.Both roads do a freight business.OFFICERS.-Pres., W. H. McCurdy; V.-P., W. I. Rudd; Sec., C. H.
Battin; Treas., M. S. Sonntag; Gen. Mgr., W. A. Carson.-V. 84, p. 942.1551; V. 85. p. 1401; V. 86, p. 1100; V. 88, p. 505; V 89, p. 410; V. 90,p. 1362.
EVANSVILLE SUBURBAN & NEWBURGH RY.ORGANIZATION.-Incorporated in Indiana in Dec. 1888, with a per-
petual charter. Passenger business hauled by electricty and freight bysteam. Does a ear-lot freight and express business. Has private right-of-way.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $50'0,000 ($100) __ _ $307,400 1st mortgage, $500,000, gold) 1904 5 g J-J 500,000 July 1 1934($500 and $1,000) cs Interest at Evansville Trust & Say. Co.,
Trustee, or Nat. Bank of Commerce, N. Y.Bonds.-A sinking fund of. $2,500 per annum commenced July 1 1910,
which will retire bonds at 105. All or any part of bonds are redeemableafter 15 years at 105.EARNINGS.-For year ending June 30 1910, gross, $111,061; net,
$45,062. In 1909 gross, $113,890; net, $47,605. During 6 mos. of 1909a connecting line operated over this line was discontinued.ROAD.-Operates 25 miles of track from Evansville to Newburgh, with
a branch off the main line through Stevens Station and Chandler, to Boon-ville has also 5 miles of side-track; total, 30 miles. Standard gauge.70-1b. T-ralls.OFFICERS.-Pres., F. W. Cook; V.-P, and Treas., Lee Howell; Sec.
and Gen. Mgr., Gus Mulhauser.-V. 83, p. 271.
FAIRMONT, W. VA.FAIRMONT & CLARKSBURG TRACTION CO.ORGANIZATION.-Incorporated in West Virginia in Ma- 1903 and is
successor to the Fairmont & Clarksburg Electric RR. Co. Is controlled byInterests identified with the Consolidation Coal Co. of Maryland and allied
Ero7geggingVaiirsget Does a arelni business u a l i
Fairmont,.rancfranchise Clarks-burg
vahr
50 years. Has 6mr0aa-dweaDyagerraseement witterrairmont & ManningtonTraction Co. to handle all business from end of latter company's line intoFairmont and also to furnish power for operation of Fairmont & Manning-ton Traction. V. 87, p. 544. On June 16 1908 stockholders authorizedthe Issue of $2.500,000 pref. stock given below.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $2,500,000 (4100) _ $1,800.000 Preferred, $2,500,000 2,069,200 Aug'10.23,51st mortgage, $2,500,000,1 1903 5 g A-0 2.500,000 Oct 1 1938
gold ($1.000) el Int at Guaranty Tr. Co.. N. Y., Trustee,Bonds.-Bonds subject to call, beginning Oct. 1 1913, at 105 and Interest.
Listed on Philadelphia Stock Exchange.Dividends.-On pref. first div.-23,6%-paid Feb. 1 1909; Aug., 2 ;,6% .
$306,819; interest and charges, $142,936; surplus, $163,883.ROAD.-Operates street railways in Fairmont, W. Va., and also in
Clarksburg, W. Va., and an interurban line of 25 miles connecting the two;with various small branch lines; total, 51.1 miles of track, 57 cars. Stand-ard gauge; 80-lb T rail. A 3.6-mile extension from Clarksburg to Bridge-port was completed Sept. 1909. Extension from Clarksburg to Weston,24 m., under construction. A 14-mile extension from Fairmont to FairviewIs almost completed.OFFICERS.-Pres.. S. L. Watson; V.-P., C. W. Watson; Sec. and
Treas., Walton Miller; Gen. Mgr., Jas. 0. Watson.-V. 77, p. 950; V. 80,p. 600; V. 86, p. 1343; V. 87, p. 480, 544; V. 89, p. 103; V. 90, p. 109.1044, 1238.
FARGO, NORTH DAKOTA,FARGO & MOOREHEAD STREET RY. CO.-A trolley road.ORGANIZATION.-Incorporated 1904 in North Dakota. Stock
$300,000 ($100) issued. Bonds authorized and outstanding, $200,000($500) 20-year 5% 1st mtge. and $100,000 ($500) 6% 20-year 2d mtge.;both issues due 1925; int. J-J and subject to call after 5 years at 105; prin-cipal and Int. payable in gold. 1st mtge. bonds at State Bank of Chicago.trustee, 2d mtge. bonds at Northwestern Trust Co., St. Paul, Minn., trustee.Earnings for 1908, gross, $95,000; net, $45,000. Operates 13 miles betweenFargo, N. D.. and Moorhead, Minn. Standard gauge, 70-lb. T. rail.Pres., J. W. Smith, Fargo; V.-P. and Treas., J. P. Martin.
FISHKILL-ON-THE-HUDSON, N. Y.FISHKILL ELECTRIC RAILWAY CO.-A trolley road.Leases the Citizens' Street RR. Light & Power at a rental of $8,225 per
annum.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.
Stock, $50,000 $50,000 First mortgage, $50,000 1895 6 J-J 50,000 July 1915EARNINGS.-For year ending June 30 1910, gross, $53,499; net.
$16,911; other income, $188; charges, taxes. etc., $13,777; surplus. ;3,322.ROAD.-Owns 4 and leases 3 miles. Total 7 miles.OFFICERS.-Pres., John T. Smith; V.-P.. W. J. Conklin; Sec., W. H.
Southard; Treas.. G. W. Pattersona
FITCHBURG, MASS.FITCHBURG & LEOMINSTER STREET RY.In April 1905 absorbed the Leominster Shirley & Ayer Street By. through
exchange of stock, share for share. V. 80, p. 1478. In Sept. 1907 Mass.RR. Commission sanctioned increase in stock from $450,000 to $700,000.New stock to be issued at 110. Company then petitioned Commission toallow stock to be issued at 100 (V. 85, p. 722), but in Sept. 1908 Commis-sion denied application. V. 87, p. 812.
STOCK. BONDS, ETC.- Date. Interest. Outstanding. Maturity.Stock $700,000 ($100) _ tj *450,000 See textFitch & Leo 1st mtge ($500), 1897 5 A-0 150,000 Aprll 1 1917$150,000 c Interest at First National Bank, Boston.
Fitch 63 Leo con mtge. $350,- 1901 43 F-A 150,000 Feb 1 1921000 ($1,000) Int. at Boston Safe Dep. & Tr. Co., Trustee.
L S & A 1st mtge. $100.000,1 1905 5 g F-A 100,000 Feb 1 1921gold ($1,000) c* Int. at Boston Safe Dep. & Tr. Co., Trustee.
Guar, p & 1. by Fitch. & Leom. St. By.Current liabilities Sept. 30 1909 616,591 Bonds.-Of the new consol. mtge.. $150,000 are reserved to retire the
1st mtge. at maturity.DIVIDENDS.-For many years up to and including 1900-1901, 8%* in
1901-02, 6%; in 1902-03, 6%; in 1903-04, 6%; In 1904-05. 6%; in 1905-05,6%; in 1906-07, 6%; in 1907-08, 6%; in 1908-09, 6%.ROAD.-Owns 40.7 miles of track. Road extends to Leominster,
Lunenburg, Shirley and Ayer. 27 closed passenger cars, 25 open passengercars, 2 express cars and 5 snow plows.EARNINGS.-For years ending Sept. 30:
1909, 1908. 1909. 1908.Gross $272,988 $251,175 Dividends paid $27,000 $27,000Net 129,567 127,701 Balance, surplus,Int., taxes, &c 93,208 96,319 for year 9.359 4.382OFFICERS.-Pres., Supt. and Porch. Agent, W. W. Sargent; V.-P.,
H. I. Wallace; Clerk and Counsel, C. F. Baker; Treas., R. N. Wallis, all ofFitchburg.-V. 80, p. 1478; V. 85, p. 468, 722; V. 87, p. 812.
FOND DU LAO, WIS.EASTERN WISCONSIN RY. & LIGHT.-Trolley.ORGANIZATION.-Incorporated in Wisconsin In Sept. 1903 as a con-
solidation of the Fond du Lac St. Ry. & Light Co. and the Fond du Lao &Oshkosh Electric By. Co. Comprises the entire street railway, electric-lighting and gas plants in Fond du Lac. Franchises expire in 1951. Hascontract with city of Fond du Lao to light streets, expiring 1121913. Ownall the stock and guarantees the bonds of the Wisconsin Elect. Ry. V.88,p. 1252.0K AND BONDS- Date. Interest. Outstanding. Maturity.l9 2 0
Stock, $500,000 ($100) $500,000 Fond du Lac St Ry&L mtge l ____ 5 g J-J 192,500$250,000 ($1,000), g...r&c* Int. at Milwaukee Trust Co., Trustee.
1st mtge. $1,500,000, gold 1903 5 g A-0 856,000 Oct 1 1923
($ c* Interest at Milwaukee Trust Co., Trustee.
B1.100.-) $432,000 1st mtge. bonds are reserved for improvements at 90%,of cost and $212,000 for prior liens. Bonds are subject to call on any inter-est date at 103 and interest upon six months' notice. The Fond du LaoSt. By. & L. bonds cannot be called. They are guaranteed, p. & I., by theEastern Wis. By. Fc Lt. Co.ROAD.-Operates 25 miles of track In Fond du Lac and between Fond
du Lac and Oshkosh. 70-lb. T rails.EARNINGS.-For year ending Dec. 31 1909, gross, $251,391; net, after
taxes, $84,268.OFFICERS.-Pres., Clement C. Smith; Sec. & Treas., H. P. Wh' 'Womb
Jr.; Gen. Mgr., J. P. Pulliam.-V. 87, p. 346; V. 88, p. 1252.(1) Wisconsin Electric Ry.-A trolley road.ORGANIZATION.-Incorporated Aug. 16 1908 in Wisconsin and
succeeded the Winnebago Traction Co., sold at foreclosure Aug. 6 1908.as per plan in V. 85, p. 655. Latter company was a reorganization ofCitizens' Traction Co. In 1900. Eastern Wisconsin By. & Lt. Co. ownsstock and guarantees bonds of the Wisconsin Elec. By. V. 88, p. 1255.Franchises run to 1932.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $350,000 $350,000 1st mtge. $1,500,000 gold l 1908 5 F-A 783,000 Aug. 1 1938($500 and $1,000) of Interest at Wis. Trust Co.. Milw., trustee.Bonds.-Bonds are subject to call at 105 on 6 months notice.EARNINGS.-For year ending Dec. 31 1909, gross, $155,693; net, after
taxes, $41,899. In 1908, gross, $152,564; net, $18,575.ROAD.-Owns 46 miles of road-18.5 miles in Oshkosh, 26.5 miles of
interurban road running from Oshkosh to Neenah and to Omro and 1 mileIn Neenah.OFFICERS.-Pres., Clement C. Smith; V.-P. & Treas., H. F. Whitcomb
Jr.; Sec., Geo. Allison; Gen. Mgr., J. P. Pulliam. Office, Oshkosh, Wis.-V. 87, p. 348. 481; V. 88, p. 1255.
FORT DODGE, IOWA.FORT DODGE DES MOINES & SOUTHERN RR.-See "Railroad and
Industrial" section.
FORT SCOTT, KAN.THE FORT SCOTT GAS & ELECTRIC CO.ORGANIZATION.-Incorporated in Kansas in 1900, and is successor
to the Fort Scott Electric Light & Power Co., Citizens' Electric Street By..Fort Scott Steam Heating Co. and Fort Scott Gas Co. Franchise expiresApril 23 1922.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $300,000 ($100) $300,000 1st mortgage, $250,000. gold) 1903 5 g A-0 189,000 April 1 1922($500), sinking fund_ _ _ _c*f Int. at Chicago Title & Trust Co., Trustee.Bonds.-Of the $250,000 auth., $50,000 are reserved for extensions and
$11,000 have been retired. The following amounts are payable annually toa sinking fund: In 1908 and 1909, $3,500 per annum; in 1910 and 1911;$4,000 per annum; in 1912 and 1913, $4,500 per annum; in 1914 and 1915.$6,000 per annum; in 1916 and 1917, $7,000 per annum; and from 1918 to1921 inclusive, $10,000 per annum.EARNINGS.-For calendar year 1909. gross, $65,000; net, $33,000.ROAD.-7 miles of track in Fort Scott. Gauge, 4 ft.; 45 to 80 lb. Trails.OFFICERS.-Pres., J. E. McKinney, St. Louis; V.-P., C. F. Martin,
Kansas City; Sec.-Treas. & Supt., F. D. Martin. Ft. Scott.-V. 77. p. 1294.
FORT SMITH, ARK.FORT SMITH LIGHT & TRACTION CO.ORGANIZATION.-Incorporated In Arkansas on April 13 1903 as a
consolidation of the Fort Smith-Van Buren Light & Transit Co and theFort Smith Traction Light & Power Co. Does the entire electric light,gas and street railway business of the city and the electric-light and gasbusiness of Van Buren. Street railway, gas and electric-light frawhisesexpire in 1955.STOCK AND BONDS- Date. Interest. Outstanding. Maturity
Common. $950,000 ($100)_ $950,000 Frei $650,000($100) 5% cum_ Q-J 15 650,000 July '10, 13(Consolidated (now first) morti 1904 g Q-M15 1,500,000 Dec 15 1944
-gage $1,500,000 goldcs Int. at Cent. Tr. Co. of Ill., Chic., Trustee.First Nat. Bk., Bos., or 1st Nat. Bk., N. Y.
Coupon notes $650,000 gold_ f 1910 6 Q-J 650,000 July 1 1913'Amer. Trust & Say. Bk., Chic., trustee.
Stock and Bonds.-FIrst bonds are subj. to call at 102 and int. A sinkingfund of $15,000 per annum commences Dec. 15 1914. V. 80, p. 996; V. 90.p. 303. The coupon notes are subject to call at 101 and int. on 30 days'notice. V. 90. p. 372.Dividends .-Pref. Is cum. from Jan. 1 1907. 1st div. on pref.-1 % -
paid April 15 1910; July, 131%.EARNINGS.-For calendar year 1909, gross, $395,800; net, $170,613.ROAD.-Operates 21 miles of track on 12 miles of streets in Ft. Smith
and suburbs. Standard gauge, 56-lb. and 60-lb. T rail. 32 cars. Owns apark of 110 acres. Also gas works for distributing natural and artificial gas,with about 60 miles of mains; and electric power and lighting plant-gen-erating capacity about 1.880 horse power and pole line of about 95 miles.OFFICERS.-Pres., A. S. Huey; V.-P., H. M. Byllesby; Sec., Jas,
Brizzolara; Gen. Mgr and Treas., J. W. Gillette; And., N. I. Garrison.Mgrs., H. M. Byliesby & Co., Inc.-V. 83, p. 213; V. 88, p. 505; V. 90,p. 236, 303, 372, 914.
FORT WAYNE, IND.FORT WAYNE & WABASH VALLEY TRACTION CO.-A trolley road.Controlled by the same interests as the Indiana Union Traction, the Ohio
Electric By. and the Terre Haute Indianapolis 80 Eastern.ORGANIZATION.-Incorporated in Indiana on May 28 1903 as the
Fort Wayne Logansport Lafayette & Lima Traction Co., but name waschanged to above on Feb. 17 1904. Is a consolidation of the Fort WayneTraction Co., the Lafayette Street Ry., the Logansport By. Co., the Logans-port Rochester & Northern Traction Co., the Wabash River Traction Co.and the Wabash Logansport Traction Co. In Oct. 1904 purchased the Ft.Wayne & Southwestern Trac. Co., which had previously acquired the Ft.Wayne Elec. Lt. & Power Co. In July 1908 purchased the Fort WaynePower Co. See V. 79, p. 1955, 2147. In 1909 purchased Carroll Elec. Lt.& Pow. Co. of Delphi, Ind. Owns entire capital stock, both corn, and pref.,of the Ft. Wayne Bluffton & Marion Traction Co. and entire capital stock($500,000) of Lafayette & Logansport Traction Co., which see below.Franchises expire from 1935 to 1991, but some are perpetual.On Sept. 21 1910 a wreck occurred on the Fort Wayne & Bluffton division,
In which about 40 persons were killed.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
gold ($1.000) c*l Int. at Tr. Co. of No. America, Phila., Trust.Second mtge., $1,000.000___J 1909 6% 92,000 Feb 1 1934
Guar. Tr. & Safe Dep, Co., Phila.. trustee.Car trust Ser "A" $100,000 gl 1909 5 g M-S 90,000 See text.($1,000) guar p & 1(end) _c f Int. at Fidelity Trust Co., Phila., Trustee.
Wabash Riv Tr Co 1st mtge. 1901 5 g F-A 275,000 1931$350.000 ($1,000), g__ _ _c* Int. at N. Haven Tr. Co., N. Haven, Trustee.
Ft Wayne Tr mtge $1,500,- 1899 4 g A-0 29,000 1929000, gold ($1,000) c* Int. at Guard. Trust Co., Cleveland, Trustee.
Lafayette St By 1st mtge 1893 6 J-D 225,00O June 1 1913($1,000 each), $225.000_0* Int. at Real Estate Trust Co., Phila., TrusteeStock.-The preferred stock is 5 % cumulative after Dec. 1 1906 and may
be redeemed after Nov. 30 1914 at par and unpaid dividends. See V. 79.p. 2747. Both com. and pref. are listed on Philadelphia Stock Exchange.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
• OCT., 1910.] ELECTRIC RAILWAYS 47
Bonds.-Of the new mtge. for $7,500,000, $534,000 are reserved to retireunderlying liens. See V. 78, p. 2011. In addition to bonds noted above,there are $3,500 bonds of the Logansport By. outstanding. The newconsols of 1904 are not subject to call before maturity. The Wabash RiverTraction Co. 5s of 1901 are subject to call at any time at 105 and interest.First consolidated mortgage bonds are listed on Phila. Stock Exchange.
Car trusts mature $5,000 s.-a. In numerical order to Sept.1 1919 inclusive.They are a first lien on 36 cars. They are guar., p. by end. by Ft.Wayne & Wabash Val. Trac. Co.ROAD.-Operates 172 miles of main track, comprising the inside lines
In Ft. Wayne Huntington, Peru, Wabash and Logansport, and the inter-urban road connecting those cities; also the city lines in Lafayette. An ex-tension to Lafayette has been built by the Lafayette & Logansport TractionCo.. which is owned by this company. Total track, including controlledcompanies and sidings, 212 miles. At Logansport, Peru, Wabash and Bluff-ton connection is made for Indianapolis over tracks of Indiana Union Trac-tion Co. In May 1906 began through service between Ft. Wayne and In-dianapolis over tracks of Indiana Union Traction Co. See V. 82, p. 1101Rails. 60, 70, 72, 80 and 90-lb. In Oct. 1907 began operating cars betweenFt. Wayne and Lafayette. Owns 3 Dower houses and 4 pleasure parks.Has 81 closed and 88 open cars and 117 motor equipments. Controlsentire electric light and power business of Ft. Wayne.REPORT.-For calendar years ending Dec. 31:
Net earnings $592,803 $585,501 $537,686 $432,186Other income 85 59 160
$432,346364,232
Total income $592,803 $585,586 $537,745Fixed charges 521,350 488,756 427,315
Surplus $71,453 $96,830 $110,430 $68,114OFFICERS.-Pres., J. Levering Jones; 1st V.-P., Charles M. Murdock;
2d V.-P., Hugh J. McGowan; Sec., Henry Rainey; Treas., Henry C. Paul.-V. 87, p. 1533; V. 88, p. 374, 624; V. 90, p. 627.
(1) Ft. Wayne Bluffton & Marion Traction Co.-A trolley road.ORGANIZATION.-Incorp. In April 1905. Stock, both corn. and pref.,
all owned by Ft. Wayne & Wabash Val. Trac. Co., which guarantees thebonds, p. &I. Is leased to guarantor for 99 years. Franchise in Ft. Wayne35 years; in Bluffton and Ossian 50 years; others perpetual.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $300,000 See text Preferred $250,000 See text. 1st mtge. $400,000, gold") 1905 5 g J-J $400,000 July 1 1935($1,000). guar JInt. at Guar.Tr. & S. D. Co., Phila., TrusteeROAD.-Comprises 23 miles of track between Ft. Wayne and Bluffton.
70-1b. rails.-V. 81, p. 507.
(2) Lafayette & Logansport Traction Co.ORGANIZATION.-Incorporated in 1906 In Indiana. All the stock
Is owned by the Ft. Wayne & Wabash Valley Traction Co., whichguarantees the bonds, principal and interest. Nearly all private right ofway; franchise in Lafayette, 50 years; in Logansport, 92 years; othersperpetual.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $500,000 $500 000 First mortge. 31,000,000 gold) 1906 5 g J-D 849,000 June 1 1936($1,000) gliar. pri. &Int. c* Ilia. at Guar. Tr. & S. D. Co.'Phila., TrusteeBonds.-$100,000 bonds are reserved for extensions, betterments, &c.,
at 85% of cost.ROAD.-Operates 35H miles of track from Lafayette. via Delphi to
Logansport. 70-lb. rails. Was completed July 11907. V. 88, p. 375.---
FORT WAYNE & SPRINGFIELD RAILWAY CO.-A trolley road.ORGANIZATION.-Incorporated July 2 1903 in Indiana. V. 86, p.1042.
Private right of way between Ft. Wayne and Decatur. Franchise for 50years in Decatur, 28 years in Ft. Wayne. See V. 89, p. 162.STOCK AND BONDS- Date. Interest. Outstanding. Matariltl.
Common $1,000,000 ($100) _ $673,000 In 1900,4%First mortgage $1,000,000 gl 1910 5 g A-0 220,000 April 1 1930($500) OlInt. at Cleveland Trust Co., Cleve.,TrusteeBonds .-Are subject to call at 105 on any interest day.Dividends.-In 1907. 2%; in 1908, 4%; in 1909, 4%.EARNINGS.-For year ending July 31 1909, gross, $64,007; net, $28,-
814; interest and taxes, $4,541; dividend, $21,942; surplus, $2,331.ROAD.-Operates 21.6 miles between Decatur and Ft. Wayne. Total
track 23.7 miles. 70-lb. '1' rail: gauge 4 ft. 8 ,; in. An extension fromDecatur to Berne (12 miles) is being constructed.OFFICERS.-Pres. & Mgr., W. H. Fiedderjohann; V.-P., B. A. Fledder-
Johann; Sec., John H. Koenig; Treas., Chas. Dirkson.-V. 86, p. 1042;V. 89, p. 162; V. 90, p. 1101.
FORT WORTH, TEXAS.CITIZENS' RAILWAY 6: 110111 CO.-Street railway and electric light.ORGANIZATION.-Incorporated In Texas Aug. 28 1906 as a consoli-
dation of the Citizens' Light & Power Co. of Ft. Worth, the ArlingtonHeights Street By. and the Ft. Worth & Rosen Heights Street By. Co.V. 85, p. 30.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $1,000,000 ($100) - $1,000,000 First mortgage. $1 000,0001 1906 5 g F-A 511,000 Aug 1 1926($1,000) , gold c*1 Int. at Citizens' Sav.&Tr.Co., elev., Trus.Bonds.-Subj. to call on any int. date at 105 and int. Unissued bonds
are reserved for betterments. No sinking fund.EARNINGS.-For 12 months ending Dec. 31 1909, gross, $274,477;
operating expenses and taxes, $191,843; net, $82,634.ROAD.-Operates 133i miles of track in Ft. Worth, including lines
running to Arlington Heights and Rosen Heights. Gauge, 4 ft. 834 in.;604b,T and 70-1b. girder rail. Owns and operates electric-lighting plant.OFFICERS.-Pres- Warren Bicknell; V.-P., Sec. & Gen. Mgr., A. J.
Duncan Jr., Ft. Worth; Treas., C. S. Thrasher, Cleveland. Open Mgrs.,the Warren Bicknell Co.-V. 85, p. 530.
---NORTHERN TEXAS ELECTRIC CO.-A holding company.ORGANIZATION.-Incorporated in Maine Nov. 16 1905 and acquired
stock of the Northern Texas Traction Co. See V. 89 p. 411.Stockholders on April 4 1910 authorized a new mtge. to acquire bonds of
Nor. Texas Trac. Co. and to provide funds to take up additional bonds ofthat company.STOCK AND BONDS- Date. Interest. Outstanding. Last Div.
Common $2,500,000 ($100) $2,500,000 Sept.'10 1Pref 6 % n-c $2,500.000 ($100) M & S 2,500.000 Sept.'10, 3%Coll trust M $10,000,000 gold) -19-10 5 g J-J 1,100,000 Jan 1 1940
sink fund (see text) __c• ecr• JInt. at Commonwealth Tr. Co., Bos.,TrusteeStock.-The preferred stock is redeemable at 110. $10,000 of the $2,-
500,000 corn. is in treasury. Both classes of stock are listed on the BostonStock Exchange.Bonds.-Of the coll, trust bonds, $2,500,000 are reserved to retire Nor.
Texas Trac. 1st M. bonds and $6,000,000 are for acquisitions, improvements,extensions, &c., at 80% of cost; $400,000 are in treasury. Coupon bondsare in denomination of $1,000; regls. bonds, $1,000, $5,000 and $10,000.Callable as a whole or in part, for s. f. only, at 105 and int. on any int. date.Sinking fund of 1% of bonds out begins not later than Nov. 11911. Bondsare secured by deposit of all the stock of the Nor. Texas Trac. Co. V. 90p. 373, 1239. •Dividends.-First div. on pref., 1%, paid Melt. 11906, and 2% was paid
Sept. 11906; 1907 to 1910 incl., 6% per annum. First dlv. on com.-2%-paid Sept. 1 1909; in 1910, Melt. 25'10; June, 1 y, %; Sept., 1 %.REPORT.-Of combined companies for 12 months ending Dec. 31 1909.
gross, $1,259,551; net, $566,816; int.. $204,139; divs., $199,800; surplus.$162,877. V. 86, p. 1043, 1225.OFFICERS.-Pres., Marshall M. PhInney; V.-P., Wilbur A. Carter;
Sec., Clement R. Ford; Treas., henry B. Sawyer; Gen. Mgrs., Stone &Webster, Boston.-V. 89, p. 411; V. 90. P. 373, 1239.
(1) Northern Texas Traction Co.-A trolley road.ORGANIZATION.-This was formerly the Fort Worth Street Railway
Co., chartered by the Texas Legislature in 1874 for 100 years. In 1901application for amendment to charter was granted, changing its name tothe Northern Texas Traction Co. The Traction Co. then purchased theCity By., and in 1901 obtained legislative permission to extend its road fromFort Worth to Dallas, a distance of 30 miles. In 1902 purchased the Dalla.
& Oak Cliff Electric Ry. and redeemed that company's bonds; also acquiredthe Glenwood & Polytechnic College Street By. Franchises in Fort Worthexpire in 1931 and 1973; in Dallas in 1945 and 1920; others between 1945and 1950; has private right of way outside of cities.STOCK AND BONDS- Date. Interest. Outstanding. Maturity
Stock $3,500,000 ($100) ______ Q-F $2,900,000 First mortgage $2,500,0001 1903 5 g J-J 2,500,000 Jan, 1 1933($1,000) gold-no sinking }Int. at Citizens' Say. & Tr. Co., Cleve., Trus.fund c*1 or at Trust Co. of America. New York.Bonds .-First mtge. bonds are subject to call as a whole on Jan. 1 1913
and on any interest date after 1913 at 105 and Interest.ROAD AND EQUIPMENT.-Owns and operates 86.7 miles of track In
Ft. Worth and Dallas including an interuroan line of 33 miles betweenthem . All tracks in Ft. Worth have been re-laid with 60 to 85-lb. rails.For interurban use 70-lb. Trails; standard gauge; 130 cars.-V. 90. P• 628.
FREDERICK, MARYLAND.FREDERICK RAILROAD.ORGANIZATION.-Incorporated Dec. 7 1909 as a consolidation of the
Frederick & Middletown RR., the Jefferson & Braddocks Heights RR. andthe Wash. Fred'k & Gettysburg By. (18 miles at present operated by,steam). Also assumed lease of the Myersville & Catoctin Elec. RR.. ex-piring Feb. 1 1914 (for terms of lease see V. 73, p. 287). V. 89, p. 1667.STOCK AND BONDS.- Date. Interest, Outstanding. Maturity.
Common $1,250,000 650,000 Preferred $250,000 140 ,000 First and refunding mtge $1,- 1910 5 g M-S 190,000 Mch 1 1960
500,000 gold ($1,000) Fidelity Trust Co., Baltimore, Trustee.Fred & Middletown first mtge 1906 5 g J-J 250,000 1936$250,000 gold ($1,000) _ _ _c Fidelity Trust Co., Baltimore, Trustee.Bonds.-$250,000 1st & ref. bonds are reserved to retire like amount of
prior liens. Bonds are subj. to call as a whole on any int, date at 105. Int.Is payable at company's office in Frederick. Fred. & Midd. bonds are subj.to call at 105 on any int. date.ROAD.-Operates by electricity from Frederick through Braddock's
Heights and Middletown to Myersville, 14.5 miles, and from BraddockHeights to Jefferson. 4.5 miles. Total, 19 miles. Operates by steam 18miles from Frederick to Thurmont. An extension from Thurmont toEmmittsburg and thence to Gettysburg is proposed, and probably also fromJefferson to Brunswick.OFFICERS.-Pres.. Emory L. Cobentz; V.-P., Dr. Franklin B. Smith;
Treas., Thomas H. Haller; Sec., Charles C. Waters. V. 89, p. 1667; V. 90,p. 1296.
FREEPORT, ILL.FREEPORT RAILWAY & LIGHT CO.ORGANIZATION.-Incorp. In Illinois on Aug. 20 1910 as a consolida-
tion of the Freeport By. Light & Power Co. and the Freeport By. & LightCo. (the holding company). A new bond Issue is proposed to refund Free-port By. Lt. & Pow. bonds and for acquisitions and impr'ts. V.91. p. 716.ORGANIZATION.-Franchises expire March 1 1923. Has traffic
arrangement for 50 years with the Rockford & Interurban Ry. Co..allowing cars of that company to enter Freeport. Also has contract forcity lighting.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $850,000 $200,000 Preferred $400,000 150,000 Freeport By Lt & P 1st mtgel 1903 5 g M-N 335.000 See text$850,000 g ($1,000) _ _ _ _01AmerIcan Tr. & Say. Bk., Chicago, trustees.Bonds.-Interest on the above issue is payable at the offices of Rudolph
Kleybolte & Co. In New York, Cincinnati and Chicago. Bonds are subjectto call after May 1 1913 by lot at 105 and Interest. $15,000 have beenretired. Maturity of the bonds is as follows: $5,000 due in each of the years1910, 1912 and 1913 and $5,000 annually from 1915 to 1921 inclusive, theremainder in 1922. A sinking fund provides for the payment of $2,000per ann. for first 10 years and $5,000 per ann. thereafter.EARNINGS.-For cal. year 1909, for Freep. R. L. & P. Co., gross,
$93,983; net, $32,888.ROAD.-Operates 9 miles of track: 60 and 90-1b. T rail. Standard gauge
-V. 91, p. 716.
FRESNO, CAL.FRESNO TRACTION CO.-A trolley road.In 1910 Southern Pacific assumed control.ORGANIZATION.-Incorporated in California In 1903 In the interest of
H. E. Huntington of Los Angeles, to build 196 miles of electric railway, in-cluding lines from Fresno to Wawona, 79 miles; Fresno to Selma, Fresno toTrimmer's Springs and Fresno to Central and Washington Colonies. Stock-holders in 1904 authorized a mtge. to secure $5.000,000 bonds. V.78. p. 1222.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $5,000,000 $5,000,000 Mortgage, $5,000,000 (?) 58,000 (1)Fresno City By first mtgef 1902 6 g J-J 150,000 Jan. 1 19223150.000 gold ($1,000)__c*ICal. Safe Dep. & Tr. Co., San Fran., Trustee.Bonds.-Fresno City bonds have a sinking fund of $3,000 per annum for
first 2 years, 35,000 per annum for next 5 years and $7,500 per annum fornext 10 years, commencirg Jan. 1 1905. Bonds cannot be called. In-terest payable in New York and San Francisco.ROAD.-The old Fresno City By. (which the Fresno Traction operates
under lease) has 15 miles of track in and about Fresno. Standard gauge.61-lb. T rail.OFFICERS.-Pres., A. C. Balch; Sec., W. E. Durfey, Fresno; Gen.
Mgr., F. W. Webster.-V. 76, p. 1192; V. 77, p. 1746; V. 78, p. 1222.
GADSDEN, ALA.ALABAMA CITY GADSDEN & ATTALLA RY.ORGANIZATION.-Incorporated under a special charter from the State
of Alabama. Operates, besides street railway, a light plant, an ice plant,and a coal yard.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $500,000 ($100) _ $330,000 New mortgage $300,000 ge 1906 5 g M-N 250,000 Nov. 1 1936(31,000) Interest at Trust Co. of Amer.. N. Y., Trust.Bonds.-The unissued bonds are reserved for further additions at 90 %
of cost. New bonds are subject to call on any interest date at 105.ROAD.-Operates 11 miles of track, connecting the points named in the
title. Standard gauge, 40-1b. T rail. An extension of 5 miles to NoccalulaFalls was built, but is not now in operation. Early in 1910 began operatinga 2-mile extension to plant of Southern Iron & Steel CoOFFICERS.-Pre-s., G. H. Schuler. Birmingham; Sec.. R. D. Carver,
Birmingham; Treas., E. T. Schuler, Gadsden.-V. 83. p. 817.
GAINESVILLE, GA,GAINESVILLE RAILWAY & POWER CO.ORGANIZATION.-Incorporated in Georgia in July 1909. Is successor
to the Gainesville Electric Ry., sold at foreclosure. V. 89. p. 103.STOCK AND BONDS- Date. Interest. Outstanding, Maturity.
Stock $150,000 ($100) $125,000 Mortgage $150,000 gold 1909 6 g J-J 125,000 Jan. 1 1930($500) Int.at Cent.B k. &Tr.Corp.,Atlanta,Ga.,trus.Bonds.-Remaining bonds are for extensions and betterments. Subject
to call after 1914 at 105.ROAD.-Operates 6 miles between Gainesville and New Holland and to
Chattahoochee Park. Standard gauge. 70-1b. T rail.OFFICERS.-Pres., A. G. Sharp; V.-P., W. A. Carlisle; Sec. dc Treas.,
W II. Slack.-V. 89, p. 103.
GALESBURG, ILL,PEOPLE'S TRACTION CO.-A trolley road.ORGANIZATION.-Incorporated in Illinois on May 23 1901.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $200,000 ($100) _ $150,000 First mortgage $150,000 goldaii 1902 5 g M'S 150,000 Mch. 1 1922($100) c*&r. Interest at Farmers' & Mech. Bk., GalesburgBonds.-Are subject to c after 10 years at 105. L. A. Townsend Is
trustee.EARNINGS.-For cal. year 1909, gross, $39,974; net, after taxes,$17,285ROAD.-Operates 123; miles of track from Galesburg to Abingdon.
Standard gauge. 60-1b. T rail.OFFICERS.-Pres., A. P. Higgins; Sec. and Treas., Chas. S. Harris;
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
48 ELECTRIC RAILWAYS
GALVESTON, TEXAS.GALVESTON-HOUSTON ELECTRIC CO.-A holding company.
F ORGANIZATION.-Incorporated In Maine on May 8 1907. Controlsthrough ownership of stock the Galveston Electric Co., the Houston ElecCo. and the Galveston-Houston Elec. Ry. Co. The stock of the two formercompanies has been exchanged for a like amount of this company's stock.except $6,600 corn. and *127,000 pref.. which is still unexchanged.STOCK AND BONDS- Date. Int. Per. Outstanding. Last Div.
Common $3,000,000 ($100) M-S 15 $2,991,400 Sept15 '101 M%Pref $3,000,000 6% cum($100) M-S 15 2,873,000 Sept15 '103%Notes payable July 31 1910 370,000 Stock.-Pref. is callable at 120 and accum. div. Both pref. and corn.
are listed on Boston Stock Exchange. Unissued pref. and corn, are re-served for exchange of an equal amount of pref. and corn, of Galv. Elec. Co.and Houston Elec. Co.Dividends.-On common, first div.-1 %%-Sept. 1909; in 1910, Mch.,
1909, gross, $1,206,544; net, $497,510; int. and taxes, $230,520; sinking fund,$33,379; dividend, $115,585; balance, $118,026.ROADS.-Controls 85.8 miles of track.OFFICERS.-Pres., Marshall M. Phinney; V.-P., Kenneth J. Sheraton;
Sec.. Clement R. Ford; Treas., Henry B. Sawyer; Gen. Mgrs., Stone &Webster, Boston.-V. 89, p. 593; V. 90, p. 372. 559, 1613.
(1) Galveston Electric Co.-A trolley road.ORGANIZATION.-Incorporated in Texas on May 1 1905 as successor
to the Galveston City Ry. Sec V. 80, P. 1971. Does the entire electricrailway and part of the electric lighting business of the city. Franchiseexpires in 1950. Substantially all the stock is owned by the GalvestonHouston Electric CoSTOCK AND BONDS- Date. Interest. Outstanding. Maturity
Common $1,000,000 ($100) _ $1,000,000 Mch '10,1 %Pref 6% n-c $1,000,000 ($100) 6 M-S 500,000 Mch '10, 3 %First mortgage $2,500,0001 1905 5 g M-N 1,233,000 May 1 1940
gold ($1,000) O.{ Interest at City Trust Co., Boston, Trustee,or at company's agency in New York.
Stock and Bonds.-$150,000 of pref. reported outstanding is In treasuryof company. Of the bonds $1,267,000 reserved for additions and improve-ments at 80% of cost. A sinking fund of 1 ;4% of bonds certified beganJuly 1 1906, if earned, and on July 1 1911 becomes a fixed charge. Bondsare subject to call as a whole or in part for sink, fund on any int. date at110 and interest on 30 days' notice. See V 81, p. 975.
Dividends.-On corn., first div., 134%, Sept. 1909. In 1910, Mch., 134%.ROAD.-Embraces 35.1 miles of tr ck. Standard gauge. 60-lb. rail.
$151,077; interest and taxes, $74,778; divs. $36,000; surplus, $40,299.OFFICERS.-Pres., Marshall M. PhinneA; 1st V.-P., Eliot Wadsworth;
2d V.-P., Wilbur A. Carter; Sec., Clement B. Ford; Treas., Henry B. Saw-yer; Gen. Mgrs., Stone & Webster, Boston.-V. 81, p. 975; V. 85, p. 599.
(2) Galveston-Houston Electric Ry. Co.-A trolley road.ORGANIZATION.-Incorporated in Texas on April 17 1907 with
$3,000,000 capital stock ($100), increased April 13 1909 to $3,500,000.to build an electric railway between Galveston and Houston, a distance ofabout 45 miles. Private right-of-way has been obtained and constructionhas been begun. On May 14 1907 the stockholders authorized an issue of$5,000,000 bonds for construction purposes. V. 84, p. 1247; V. 90,p. 372.All the stock is owned by the Galveston-Houston Electric Co.
STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.Stock $3,500,000 $1,650,000 First mtge $5,000,000 g guar) 1909 5 g A-0 2,750.000 Oct 1 1954($500&$1,000 cou) ($1,000 }Interest at City Trust Co., Boston, trustee.& $5,000 reg) c&11Bonds.-Remaining $2,250,000 bonds are reserved for acquisitions and
improvements. Subject to call on any int. day in whole or in part for sink.fund at 105 and int. Sink, fund of 1% of bonds Feb. 1 1910 to 1944; there-after 1 %%. First five payments waivable. Bonds are guar., p., 1. and s.5., by Galv-Hous. Elec. Co. See V. 90. p. 697.-V. 84, p. 1247; V. 85,p. 600; V. 90, p. 697.
(3) Houston Electric Company.-Trolley.
ORGANIZATION.-Chartered at Austin, Tex., on Oct. 26 1901, and Issuccessor to the Houston Electric Street Railway Co., sold at foreclosureOct. 1901. Controls all the street railways in Houston. Franchise origin-ally ran until Oct. 23 1925, but in Jan. 1903 was extended 10 years; forterms, see V. 76, p. 158. In Dec. 1905 sold $500,000 new preferred stockto stockholders at par. V. 81, p. 1795. Substantially all the stock isowned by the Galveston-Houston Electric Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $2,000,000 ($100).. $2,000,000 Sept'10,1Pre 6% n-c $1,000,000 ($100) ____ F-A 1,000,000 Aug.'10, 3 %First mortgage $2,500,0001 1900 5 g F-A 2,500,000 Aug. 1 1925
gold ($1,000) sink fund.. _cslInt. at International Trust Co.. Boston, Trus.Bonds.-Entire issue, but not any part, can be called at 107 M and Int.'Sinking fund of 1 % % of bonds outstanding payable on Aug. 1 each year.
See V. 74, p. 680; $198,000 was held by this fund on Dec. 31 1909.Dividends.-Dividend on preferred stock due Aug. 1904 and Feb. 1905
was passed because of strike and boycott; the strike was terminated Oct. 111904 (V. 79, p. 1704) and dividends were resumed on Aug. 1 1905, when3% was paid; 1906 to 1910, incl., 6% annually. On corn., first div., 134% ,paid Sept. 1909; In 1910, Mch., 1 %%;
Sept.' 1i%.
ROAD.-Comprises 50.7 miles of track. Standard gauge. 45 to 96-lb.rail. Operates 161 cars.EARNINGS.-For 12 months ending Dec. 31 1909, gross, $836,527; net,
$348,307; interest and taxes, $143,944; sinking fund, $33,379; dividends$90,000; surplus, $80,984OFFICE RS.-Pres., Guy E. Tripp; V.-P's Marshall M. Phinney and
Henry G. Bradlee; Sec., Clement R. Ford; Treas., Henry B. Sawyer; Agts..Stone & Webster, Boston.-V. 81, p. 1795; V. 85, p. 600.
• GARDNER, MASS.GARDNER WESTMINSTER & FITCHBURG STREET RY.-In Dec
1899 absorbed the Gardner Electric Street BySTOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $185,000 ($100) ______ $185,000 In 1909, 2%First mortgage ($1,000) gold 1900 5 F-A 185,000 Aug 1 1920C * lint. at Mercantile Trust Co., Boston, TrusteeROAD.-Owns 12 miles of main track from Gardner, through South
Gardner and Westminster to Fitchburg, where connection is made with theFitchburg & Leominster Street Ry.; also constructed a branch line toWachusett Lake, which was opened for traffic on May 26 1900, but Isoperated as a summer branch only. In Sept. 1908 was authorized to carryfreight and baggage. Total, 16 miles. 26 cars.EARNINGS.-For year ending Sept. 30 1909, gross, $66,894; net,
$24,915; charges, $13,189; dividend, $3,700; surplus, $8,026.OFFICERS.-Pres., E. F. Blodgett, Leominster; V.-P., Geo. R. Damon.
Leominster; Sec., Treas. & Gen. Counsel, James A. Stiles, Gardner; Asst,Treas., Walter R. Dame, Clinton.-V. 69, p. 1247.
GARY, INDIANA.rGARY & INTERURBAN RV. CO.ORGANIZATION.-Incorporated in Indiana in Aug. 1907. Franchise
In Gary expires 1957; in Tolieston, 1959; in Hammond, 1939.In 1910 company auth. $10,000,000 1st & ref. 5% gold mtge. bonds,
part to be used to redeem outstanding 1st mtge. bonds.STOCK AND BONDS.- Date. Interest, Outstanding. Maturity.
Stock $1,000,000 ($25) ------ - - Q-J $880,000 Oct '10 1%First mortgage $500,000 gold i 1909 5 g J-D 470,000 June 1 1929($500) cf Int. at Metrop. Tr.&Sav.Bk.,Chicago,trust.
Refunding & 1st mtge $10,4 1910 5 J-D None June 1 1930000,000 g ($500 & $1,000) _ fBonds.-lst mtge. bonds subj. to call on any Int. day at 105 and int.
Chas. S. Tuttle, Chicago, is also trustee. V. 89, p.993, 1596. $1,000,000ref. & 1st mtge. bonds will be issued shortly to take up 1st mtge. bondsand for extensions.
Dividends.-Initial div., 1%, paid July 1910; Oct., 1%ROAD.-Operates 17 % miles of track consisting of local lines in Gary
and extension through Tolieston to Hammond. Standard gauge 60 and85-lb. T rail. Additional lines in Gary and an extension to East Chicagoare proposed.
OFFICEAS.-Pres., F. N. Gavit; Raff:7Sec..7,Chas. W.Chase; Treas., L. E. Woodward; Mgr., fA.L.C. 'Millen-V. 85, Ap . 1461;V. 89, p. 993, 1596; V. 90, p. 1675. •
GENEVA, N. Y.GENEVA & AUBURN RY.-Trolley.ORGANIZATION.-Chartered March 18 1895 as a consolidation of the
Geneva 6: Waterloo and other companies. Owns the Cayuga Lake Parkproperty of 50 acres. V. 60, p. 562 In Sept. 1909 name of company waschanged from Geneva Waterloo Seneca Falls,& Cayuga Lake Tractionto the above.STOCK AND BONDS- Date, Interest. Outstanding. Maturity,
Common stock, par $100 _____ $350,000 Pref, $100,000 ($100) 6 100,000 1008-09, 6 %Geneva & Aub mtge $2,500,-1 1909 5 g A-0 400,000 April 1 1939000 ($500 4G $1,000) g_c&rf Int. at West End Trust Co.. Phila.. Trustee.Bonds.-Bonds are subject to call on and after April 1 1914 at 105 and
interest; sinking fund of % of 1% begins April 1 1914.ROAD.-The road extends from Geneva to Cayuga Lake Park, through
Waterloo and Seneca Falls, 17 miles; sidings, % mile. An extension fromSeneca Falls, through village of Cayuga, to Auburn, a distance of about 12miles, crossing Cayuga Lake on bridge a mile long. Is proposed. Rails70-lb. girder and 60-lb. T. Track, standard gauge. Operates 25 motorcars, 8 trail cars, 1 snow plow, 1 sweeper.EARNINGS.-For year ending June 30 1909, gross, $94,631; net, $44,-
499; int. and taxes, $23,640; other deductions, $5,656; surplus, $15,203.In 1908. gross, $95,848; net. $40,317.OFFICERS.-Pres., R. R. Quay, Pittsburgh, Pa.-V. 80,7p. 2344;
V. 84, p. 51; V. 89, p. 721.
GIRARD, PA.CLEVELAND & ERIE RAILWAY CO.ORGANIZATION.-Incorporated in June 1909. Is successor to Con-
neaut & Erie Traction CO., sold at foreclosure. Owns all the stock andbonds and leases the Conneaut & Erie Traction Co. of Ohio, which owns1.99 miles of track. Franchises are for 999 years.STOCK AND BONDS.- Date. Interest. Outstanding, Maturity.
Stock $300,000 $300,000 First mortgage $800,000 gold 1909 5 J-J 500,000 July 1 1929($250 and $500) c Int. at Fidelity Trust Co., Phila., trustee.
Income bonds $500,000 ($250 1909 5 July 500,000 July 1 1929and $500) Int. at Fidelity Trust Co., Phila., trustee.Bonds.-Remaining first mortgage bonds are reserved for extensions,
betterments, &c. They are subject to call at 105 and int. on 3 mos.' no-tice. Int. on income bonds is only payable if earned, and is non-cum.They are subject to call at par. Bonds have no sinking fund. July 1910int. on incomes was not paid.EARNINGS.-For 6 months ending Dec. 31 1909. gross, $53,378; net.
*23,315; charges, $18,545; surplus, $4,770.ROAD.-Owns 31.29 miles of track. • Operates between Conneaut and
Erie. Standard gauge; 60-1b. rail; 8 passenger and 8 other cars.OFFICERS.-Pres., Robt. W. Watson, Harrisburg, Pa.; V.-P., W. J.
Fling, Germantown, Pa.; Treas., J. R. McDonald, Erie, Pa.; Asst. Sec.,J. M. Smith, Girard, Pa.; Mgr.. R. W. Palmer, Girard, Pa.; Generaloffice, Girard, Pa.
I OP" GIRARDVILLE, PA.
SCHUYLKILL RAILWAY CO.ORGANIZATION.-Incorporated in Pennsylvania on July 20 1903 and
purchased the property of the Schuylkill Traction Co. and the Lakeside Ry.Co. V. 80, p. 1729.STOCK AND BONDS- Date. Inkiest. Outstanding. Maturity.
000, gl 1905 5 g A-0 540,000 1935($500 and $1,000)_ _c•J Int. at Fidelity Tr. Co., Phila., Trustee.Bonds.-Of the $1,150,000 authorized, $805,000 are reserved to retire
the underlying liens in statement below. Are subject to call before 1910at 105; thereafter at par and interestEARNINGS.-For year ending June 30 1908, gross, $206,480; oper-
ating expenses, Including taxes and Insurance, $104,300; net, $102,180;Interest, $68,500; surplus, $33,680.OFFICERS.-Pres., G. Ii. Gerber, Reading; V.-P., J. C. Biddle, Foun-
tain Springs; Sec., MacHenry Wilhelm, Ashland; Treas.' D. J. Langton,
Shenandoah. V. 80, p. 1729; V. 82, p. 1157; V. 87, p. 286.
(1) Schuylkill Traction Co.-A trolley road.ORGANIZATION.-Chartered Sept. 26 1892, in perpetuity, under the
Motor Traction Act of March 22 1887. Road opened June 1 1893. On Jan.6 1893 leased for 999 years the Mahanoy City Shenandoah GirardvHle &Ashland Street Railway. On Oct. 5 1893 leased for 999 years the AshlandLocustdale ec Centralia Elec. By. Owns all the stock of these two roads,which is pledged under the first mortgage. On April 27 1900 leased for 999years the Lakeside By., which connects the two ends of the company'sroutes from Mahanoy City to Shenandoah and purchased 2,600 of the 5,000shares of the capital stock. On Jan. 24 1901 leased the Shenandoah &Pottsville Street By. for 999 years (incorporated Aug. 1 1900). and fromPottsville to Shenandoah, 13 miles, and bought all its capital stock. TheLakeside Shenandoah & Pottsv. stock is pledged under consol. mtge.
STOCK AND BONDS- Miles. Date. Interest. Outstanding. Maturity.1st M, $500,000, g, $500122% 1893 5 g A-0 $500,000 April 1 1943& $1,000, s I $10,000 }Interest is paid at Equit. Tr. Co., Trustee, Phila.y'ly after Apr '98_0j Bonds may be purchased for sinking fund at 105.
1st mtge, Lakeside Ry,} 5% 1893 4 g M-N 150,000 Nov 1 1923g. $150,000, guar by Interest at Equitable Trust Co., Philadelphia,Schuylkill Traction__ Trustee.
New con mtge, $2,000,-1 __ 1901 43 g J-J •105,000 July 1 1951000 ($1,000), g__ _c•JInterest at Fidelity Trust Co., Phila., Trustee.These bonds, it is stated, will be redeemed in the near future.
Bonds.-01 the $105,000 consols reported outstanding, $36,000 are heldin the treasury. Bonds are subject to call at any time at 105 and interest.Sinking fund of 1 % of bonds outstanding becomes operative on Aug. 1 1907.
ROAD.-Schuylkill Traction Division 22% miles of track, beginning atLocustdale, thence through Ashland, Holmesville to Giraniville, formingthere a Y. one branch running through Lost Creek to Shenandoah and theother branch to Maizeville. Gilberton and Mahanoy City. Lakeside Di-vision 53 miles. Total 28 miles. 60 and 70-1b. T rail. Extensions of 43miles proposed and charters obtained. Operates 51 motor cars. 4 workcars and 2 snow sweepers. Extensive improvements have been made.-V. 80, p. 1729.
GRAND. RAPIDS, MIOH. -
Er COMMONWEALTH POWER. RAILWAY & LIGHT CO.
ORGANIZATION.-Incorporated In Maine Feb. 19 1910 to carry out theplan, outlined in V. 90, p. 108, 447, for amalgamating the following electriclight, power and street railway enterprises in Michigan:Commonwealth Power Co. (V. 89, Flint Gas Co. (V. 79, p. ).pr. p. 921). Cadillac Water & Light Co. (V. 81.Grand Rapids-Muskegon Power Co. p. 1495).Saginaw-Bay City By. & Light Co. Charlotte Electric Co.Grand Rapids Railway Co.Michigan Light Co.
Shiawassee Light & Power Co.Au Sable River property and rights.
Flint Electric Co.For terms of exchange of corn, stock of first four cos. see V. 90, p. 108.In 1910 the Consumers' Power Co. was incorporated to take over the
electric properties.Commonwealth Power, By. 86 Lt. owns all of the corn. stocks and certain
preferred stocks of the:Consumers Power Co. Saginaw-Bay City Railway Co.Grand Rapids By.Michigan Light Co.
Cadillac Water & Light Co.
%
STOCK-Common $12.000,000 ($100)_
Date. Interest. Outstanding. Maturity.
Pref(6%cum)$6,000,000($100)Dividends %.-Quar. divs. of 1 % 'have been P
a$11d260:00n0000p., r00c00f00 Aug.'10,1
.
from May 11910 to and including Aug. 1 1910.EARNINGS.-Combined earnings of constituent companies for 12 mos.
ending April 30 1910, gross. $4,674,661; net, after taxes, $2,023,831; int..$822,058; surplus, $1,201,7731
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OCT., 1910.] ELECTRIC RAILWAYS 49
OFFICERS.-Pres., Anton G. Hodenpyl; V.-P.'
C. M. Clark; V.-P. andSec. Geo, E. Hardy; Treas. and Asst. Sec. Jacob Hekma; Asst. Treas.,R. B. ' . Martin.-V. 90, p. 108, 447, 626, 916, 976; V. 91, p.38, 214.
(1) Grand Rapids Ry.-Trolley.ORGANIZATION. &c.-In April 1900 was Incorporated as a successor
company to the Consolidated Street By. and the North Park Street RI..and owns all the street railway properties of Grand Rapids and vicinity.Franchises expire in 1919, in 1920 and in 1921.STOCK AND BONDS- Date. Interest Outstanding. MaturitY -
Stock corn *2,000,000 ($100)__ Q-M *2,000,000 Sept '10, 1%Pref $2,000,000 cum 5% (*100) - - -- Q-F 1,500.000 Aug.'10, 114Grand Rap By Co 1st mtgel 1900 5 g J-D 3,339,000 June 1 1916*3,500,000 gold ($1,000) c*JInterest at New York Trust Co., Trustee.Bonds. &c.---Ot the new mortgage for *3,500,000, *161,000 have been re-
tired by sinking fund. Sinking fund became operative on Oct. 1 1905,payable 1% of bonds out up to Oct. 1 1910, then 2% up to 1915 (seeV. 70, p. 1149). Bonds cannot be called. See V. 72, p. 1187. Bondsare listed on New York Stock Exchange.Dividends.-Dtvldends on preferred stock are cumulative and 1 % %
quarterly has been regularly paid up to and including Aug. 1 1910. Thenrst div. on common-1 %-was paid Sept. 1 1906 and has been at rateof 4% annually since that date to and including Sept. 1910.EARNINGS.-For calendar years:Year- Gross. Net. Charges. Pref. Div. Bal., Sur
1909 *1,029,011 $536,156 *227,056 (5%)*75,000 *234,1001908 940,645 469,660 226,949 (5%) 75,000 167,7111907 944,916 488,468 213,008 (5%) 75,000 200,460ROAD.-Owns and operates 63.17 miles of track. 126 motor cars
and 15 trailers.OFFICERS.-Pres. and Gen. Mgr., B. S. Hanchett, Grand Rapids;
V.-Ps., C. M. Clark and Lester J. Rindge; Sec. & Asst. Treas., L. J. DeLamarter; Treas. & Asst. Sec., G. L. Estabrook, Philadelphia. Office,Grand Rapids, Mich.-V. 84, p. 220, 749; V. 85, p. 40.
(2) Saginaw-Bay City Railway Co.ORGANIZATION.-This company Is a consolidation of the Saginaw
Valley Traction Co. and railway dept. of the Bay City Traction & Elec. Co.In 1910 Mich. RR. Comm. granted permission •to increase stock by
$1,100,000 and to issue $5,000,000 1st & ref. bonds.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, *2,600,000 All owned by Commonw. Pr. By. & Lt. Co.First and refunding mortgagel 1910 5 M-S .$1,150,000 Mch 1 1935
$5,000,000 f Michigan Trust Co.. Grand Rapids. TrusteeSaginaw Valley Trac 1st Ma 1899 5 g F-A 820,000 Feb 1 1920$850,000, g ($1,000 each)01Int. at Boston Safe Dep. & Tr. Co., TrusteeBonds.-Of the 1st & ref. bonds *850,000 are reserved to retire Sag. Val.
Trac. bonds. Interest at company's agency in New York.The Saginaw Valley Traction Co. first 55 unissued are held as additional
security for the Saginaw-Bay City By. & Light Co. 5s. A sinking fund of$8,500 per annum on these bonds commences Feb. 1 1907 and runs for 5years, after which $17,000 per annum is payable, said fund to be Investedin the bonds at not above 10714 and interest. Sinking fund held in Sept.1910 *37,000 of bonds.ROAD.-Operates 56 miles of street railway track in Saginaw and Bay
City, Including an interurban line between the two cities.OFFICERS.-Pres., H. D. Walbridge; Sec.. H. G. Kessler; Treas., J. W.
Glendenning; Gen. Mgr., F. T. Hepburn.(3) Michigan Light Co.All the corn. and *200,000 pref. stock is owned by Corn. Pow. By. & Lt.Co.ORGANIZATION.-Incorp. in New Jersey in 1904. Owns entire stock
of Jackson Gas Co. Kalamazoo Gas Co. and Pontiac Light Co. In 1910acquired entire capital stock of Flint Gas Co., Bay City Gas Co. and Sagi-naw City Gas Co.STOCK AND BONDS. Date. Interest, Outstanding, Maturity.
Common-All owned by Commonwealth Power, By. & Light Co.Preferred 6% cumulative _ *2,144,000 July'10,1 4Sag City Gas 1st M. $1,000,1- 1901 5 g M-N 750,000 May 1 1910000, gold (*500 and $1,000) Michigan Tr. Co., Grand Rapids, Trustee.
Bay City Gas 1st M, *500,- 1900 5 g J-D 375,000 June 1 1920000 gold ($500 & 81.000) Interest at New York Trust Co., Trustee.
Flint Gas Co mtg *500,000 g__ 5% 300,000 20 yearsJackson Gas Co mtge *350,-1 1897 5 A-0 310 000 Apr 1 1937000 gold ($1,000) cj Illinois Trust & Say. Bank
400, ,,000 Chic., trustee.
Kai Gas Co mtg *450,000 1900 5% 1920Pontiac Lt Co consol mtge) 1902 5 190,000 1927
$230,000 gold Bonds.-The Saginaw City Gas bonds are subject to call at 105 and int.
on 6 weeks' notice. The Bay City Gas bonds are sub, to call at 110 andInt. on any int. date upon 4 weeks' notice.PROPERTY .-Constituent companies own and operate the gas proper-
ties in Jackson. Kalamazoo, Pontiac, Flint, Saginaw and Bay City.
(4) Consumers' Power Co.All the corn. and $300,000 pref. stk. are owned by Corn. P. By. & Lt. Co.ORGANIZATION.-Incorporated in Maine in 1910. Owns all the corn.
stocks of Commonwealth Power Co., Grand Rapids-Muskegon Power Co.(owning entire corn, and majority of pref. of Grand Rapids Edison Co.),Flint Electric Co., Charlotte Electric Co. and Shiawassee Light & Pow. Co.Also acquired Au Sable River property and rights.STOCK AND BONDS. Date, Interest, Outstanding. Maturity.
Common-All owned by Commonwealth Power, Ry. & Light Co.Preferred 6% cumulative _ *3,750,000 July'10,1 4Coll trust bonds 2,679,000
Dividends.-First div. on pref., 114%, paid July 1910.PROPERTY.-Constituent companies own and operate the electric
light and power properties In Grand Rapids, Kalamazoo, Jackson, Flint,Saginaw, Bay City, Pontiac, Battle Creek, Lansing and a number of in-termediate cities and towns.-V. 90, p. 1680.(a) Commonwealth Power Co.ORGANIZATION.-Incorporated in Nov. 1904 in Maine as a consolida-
tion of 6 water-power and electric companies in southern Michigan.STOCK AND BONDS- te utstanding, Maturity.
Common *2,500,000 ($100)--- --------------$1,500,000 Pref *5,000,000(6% cum) *100 ____ Q-J 1,270,000 See text.First mortgage *4,000,000 g1 1904 5 J-D 2,660,000 Dec 1 1924sinking fund ($1,000) _ __cal Int. at First Trust & Say. Bk., Chic., TrusteeStock.-Pref. Is subject to redemption on and after Jan. 1 1918.Bonds.-RemalnIng bonds may be Issued for 75% of cost of extensions
and Improvements, provided net earnings are double int. charges on bondsIssued and to be Issued; sink, fund for 5 years from Dec. 1 1909 2% of bondsout; second 5 years 3%, and third 5 years 4%.
Dividends.-All dividends on preferred paid in full since organization.EARNINGS.-For year ending July 31 1909, gross, *575,859; net, after
taxes, $295,901; charges, *145,175; dividends, *76,200; surplus, *74,526.V. 89, p. 921.(b) Grand Rapids-Muskegon Power Co.ORGANIZATION.-Incorporated in 1904. Owns the corn, and a ma-
jority of the pref. stock of the Grand Rapids Edison Co.STOCK AND BONDS- te utstanding, Maturity.
gold lInt, at 1st Tr.& S.B.,Chic.,or 1st N.B.,N.Y.Grand Rap Ed Co 1st mtge g 1902 5 M-N 1,050,000 May 1 1916(*1.000) sinking fund__ _cs Int. at Am. Tr. & S. B., Chic., trustee.Stock,-Pref. Is red, at any time after Dec. 1 1929 at par and accum. divs.Bonds.-Remaining bonds are reserved for acquisitions, additions and
extensions under certain restrictions. Sinking fund of 2% of bonds outbegan March 1 1910. V 86, p. 172.Dividends.-Seml-annual div. of 6% paid yearly on pref. since July 1 1906EARNINGS.-For year ending July 311909, gross, $336,660; net, after
taxes. $204,767; Int.. *98,700; surp., *106.067.-V. 86, p. 172; V. 90.P.112.(5) Cadillac Water & Light Co.Commonwealth Power, Light & By. owns all the capital stock.ORGANIZATION.-Incorporated in Michigan in 1905.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.
$1,000) gold fInterest at Michigan Trust Co.Bonds.-Sub. to call at 102. Sinking fund 84,000 per annum.PROPERTY.-Owns electric and water plants in Cadillac.
GRAND RAPIDS GRAND HAVEN & MUSKEGON RY.-Electricroad. Third-rail system. Water power.For statement of this company see "Elec. By. Sec." for June 25 1910.
GRAND RAPIDS HOLLAND & CHICAGO RAILWAY.ORGANIZATION.-Incorporated in Michigan in July 1904 and Is a re-
organization on Aug. 1 1904 of the Grand Rapids Holland & Lake MichiganRapid By. See V. 7, p. 627. Power is supplied to company by GrandRapids-Muskegon Power Co.. but company maintains own station in readi-ness to operate in case of emergency. Franchises in city of Holland andvillage streets expire In 1928 to 1930; remainder on private rights of way.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, *500,000 *500,000 Pref, *850.000, 6% 850,000 1st mtge. Grand Rapids Holl 1900 5 g F-A 1,500,000 Aug 1 1920& Lake Mich, $1,500,000, }Int. at American Tr. & Say. Bank, Chicago,gold ($500 and *1,000) __ Trustee, or at Guaranty Trust Co.. N. Y.Bonds.-A sinking fund is provided of *5,000 per annum for first 5 years,
$10,000 per annum for second 5 years, *15,000 yearly for third 5 years and$25,000 per annum for fourth 5 years. Bonds are not subject to call.TRACK -Operates 75 miles of track from Grand Rapids through Holland
to Macatawa and Saugatuck, with steamer connection at Holland for Chic.OFFICERS.-Pres., Geo. Hendrle; Sec. and Treas., Strathearn Hendrie.
-V. 75, p. 1301; V. 78, p. 702, 768• V. 79, p. 827.UNITED LIGHT & RAILWAYS CO.ORGANIZATION.-Incorporated In Maine in 1910 per plan in V. 91,
p. 96. Has acquired the following companies:Cadillac (Mich.) Gas Light Co. j La Porte (Ind.) Electric Co.Cedar Rapids (Ia.) Gas Light Co. La Porte (Ind.) Gas Light Co.Chattanooga (Tenn.) Gas Co. Mattoon (Ill.) Gas Light Co.Ft. Dodge Light Co. Muscatine (Ia.) Light & Traction.
All of the bonds of the Ft. Dodge L ght Co., Muscatine Light & Trac. Co.and Mattoon Gas Light Co. are to be taken up in exchange for 1st & 2d.pref. stocks of United Lt. & Rys. Owns all the 1st mtge. bonds ($75,000auth. and out) of Mattoon Gas Light & Coke Co.Does entire gas business in Cedar Rapids (supplying also suburbs of
Marion and Kenwood Park and intervening territory). Ft. Dodge andMuscatine, Ia.; Cadillac, Mich.; La Porte, Ind.; Mattoon, Ill., and Chatta-nooga, Tenn.; entire electric light and power business In Ft. Dodge andMuscatine. Ia., and La Porte, Ind. This Includes satisfactory contractsfor lighting the city streets in each city; entire electric railway business inMuscatine, Ia., and entire hot water district heating system in LaPorte, Ind.
Child, Hulswit do Co. of Grand Rapids, who prothoted the company inAug.1910,offered the stock In blocks of 10 shares (par $100) 1st pref. and4 shares (par *100) corn. for $1,000. V. 91, p. 519.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
2d pref, $5,000,000, 3% cum_ ____ Q-J 866,500 Cadillac Gas Lt 1st M *150,000 1905 5 F-A 100,000 Feb 1 1925Cedar Rap GasLt lstM $75,000 ____ 5 A-0 75,000 April 1 1913Chattanooga Gas 1st mtge $1,-500,000 gold ($1,000)_cs 1907 5 J-J 654,000 Jan 1 1927
Chatt. Gas Co pref stock, 6% _ ____ 6% 500,000 Ft D Lt & Pow 1st M, $350,000 1903 5 F-A 250,000 Feb 1 1923La Porte Gas Lt 1st M.1250,-1 1905 5 A-0 215,000 Apr 1 1925000 gold ($500 and *1,000) 'Michigan Trust Co., Grand Rapids, Trustee.
Citizens' Railway & Light 1st} 1902 5 g A-0 354,000 Apr 1 191'7mortgage, *400,000, gold Int. at Cleveland Trust Co., Cleveland, Trus-MOO) cs tee, or Nat. Bank of Commerce, N. Y.Stock.-lst pref. stock is red. at 105 and ace, divs. 2d pref. stock is red.
after 3 years from date of issue, share for share, into 1st pref. or corn. stock,at option of holder. Corn. Is only stk. with voting power. V.91, p.96, 519.Bonds.-The Cit. By. Fc Lt. Co. bonds are sub, to call on any int. date at
110 and int. A sink, fund, commencing in 1907, consists of a sum sufficientto retire $15,000 bonds yearly at 105 and int.; *46,000 retired to June 1 1910.Chatt. Gas bonds are sub, to call after Jan. 1 1917 at 105 and Int. V. 84,p. 805. La Porte Gas Lt. 1st mtge. are subject to call on any int. day at105 and int. V. 81, p. 1496.ROAD.-Operates 12 miles of track in Muscatine, Ia. 70-lb. T
rail. Standard gauge. 36 cars, 26 motor and 10 trail. Remarks aboveshow company's control of lighting business in various cities.OFFICERS.-Pres., Frank T. Hulswit; V.-Ps., Richard Schaddelee,
Ralph S. Child; Sec. & Treas., Benj. C. Robinson. V. 90. p. 1678; V.91, p. 96, 519.
GREEN BAY, WIS.GREEN BAY TRACTION CO.-Trolley.ORGANIZATION.-Incorp. In Wisc. In June 1905 and is a consolidation
of the Fox River Elec. By. & Power Co. and the Knox Construction Co.In 1906 absorbed the Green Bay Gas & Electric Co., although separate
organization Is necessarily maintained. See V. 82, p. 573, 631. and V. 86,p. 172, for particulars of that company. Street railway franchise is per-petual and exclusive until 1918.SPOOK AND BONDS- Date. Interest. Outstanding. Maturity.
Green Bay 0 & E 1st & reit 1905 5 g M-N 467,000 May 1 1935M. $750,000. g ($1,000)_csjInt. at Wisconsin Tr. Co., Milw., Trustee.Bonds.-The Green Bay Traction Co. bonds are subject to call at 105
until 1925; thereafter at par. The Green Bay Gas & El. bonds are subjectto call at 105 until 1924; thereafter at par.EARNINGS.-Exclusive 01 (sLuell Bay Gas & Electric Co.
OAD.-Owns and operates all lines in the city of Green Bay; also a linefrom Green Bay to De Pere City: and branch to Duck Creek, and a line fromOmen Bay to West De Pere, Little Rapids, Wrightstown and Kaukanna;total 40.80 miles. 45 and 78-lb. rail; 30 motor cars; 12 trailers.OFFICERS.-Pres., A. M. Murphy, Green Bay; V.-P., L. E. Myers,
Chicago; Sec., B. L. Parker. Green Bay; Treas., F. E. Murphy; Gen. Mgr.,J. T. Huntington.-V. 81, p. 558; V. 82, p. 568.
GREENSBORO, N. 0.NORTH CAROLINA PUBLIC SERVICE CO.ORGANIZATION.-Chartered In North Carolina In 1909. Purchased
the Greensboro Elec. Co. Operates electric light, power and street railwayproperties in Greensboro and High Point, and gas property in Greensboro.Also operates the city pumping plant at Greensboro, and serves the villagesof Proximity, Revolution and White Oak. Power is purchased from South-ern Power Co. In 1910 franchises had the following number of years torun: Greensboro, 28 yrs., High Point, 59 yrs.; Winston-Salem, 58 yrs.;also has a 30-yr. franchise in Guilford County and townships.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock *3,500,000 First & ref. mtge. *3,500,0001 1909 5 A-0
$3d50 0 0 See text Apr 1 1934
($500 and *1,000)_J Int. at Guardian Trust Co., N. Y., trustee.Greensb. El. Co. 1st M._8400,-I, 1902 5 g A-0 400,000 April 1 1927000, gold ($500 & $1,000).c Int. at Trust Co. of America, N. Y., trustee.
Greensb. Elec. Co. new 11.1 1905 5 g J-D 250,000 June 1 1930$750,000 g(*500&*1,000)01 Int. at Mercantile Trust Co., N. Y., Trustee.Bonds.-01 the 1st & ref. mtge., *750,000 are reserved for prior liens.
*750,000 are held in' treasury and $2,000,000 are reserved for future im-provements and acquisitions under proper limitations. V. 88, p. 1128.Subject to call on any int. date at 105 and Int. Sink. fd. of 1% per annumof gross income July 1915 to 1920; 1 4% July 1920-1925 and 2% 1925 tomaturity. *400,000 Greensboro Elec. new bonds are reserved to retireprior liens and *100,000 for future extensions. They are subject to callon any interest date at 110 and interest. Of *400,000 Greensboro Elec-tric 1st 55, $5,500 were Issued under mortgage of 1901.EARNINGS.-For 11 mos. ending Mob. 31 1910, gross, $178,679; net,
*76,690, int. and taxes, $36,650; surplus. *40,040.ROAD.-Owns 15 miles of track in and around Greensboro and in High
Point. 60 and 70-lb. T and 90-lb. girder rails. Standard gauge. 25 cars.Extension to High Point and an interurban line between Greensboro andWinston-Salem are proposed. Owns Lindley Park at Greensboro.OFFICERS.-Pres., B. S. Coler; V.-P., Z. V. Taylor; Sec. dc Treas.,
L. H. Hole Jr. • Gen, Mgr., J. F. Clerk.-v. 88, p. 1128.
GREENVILLE, S. 0.GREENVILLE TRACTION CO.-A trolley road.ORGANIZATION.-Incorporated in South Carolina on Sept. 7 1899.
Power Is supplied to this company by the Greenville-Carolina Power Co.for particulars of which see V. 85. p. 224. Operates 13 miles of track.
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STOCK AND BONDS-- Date. Interest. Outstanding. Maturity.Stock, $500,000 ($100) - *306,000First mtge $250,000 currency 1 1901 5 F-A 250,000 Feb 1 1931($1,000 and $500) c* j Interest at Girard Trust Co., Phila., Trustee.OFFICERS.-Pres., Joseph S. Keen Jr.; V.-P., J. H. Dawes; Sec and
Asst. Treas., H. Bayard Hodge; Asst. Sec., W. H. Roth; Treas.. Geo. M.Bunting; Gen. Mgr.. H. P. Keen, all of Philadelphia.
GROTON, CONN.GROTON & STONINGTON STREET R Y.-A trolley road.ORGANIZATION.-Incorporated in Connecticut on Aug. 17 1903.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $400,000 ($100)_ $400,000 See text.Pref, 6%, $200,000 ($100). 200,000 See text.1st mtge. $375,000, go1d1 1904 5 g J-J 375.000 July 1 1924.
($1.000) cjInterest at International Trust Co.. Boston.Notes payable June 30 1910 33,579 Bonds.-No s. t., but bonds are subject to call at any time at 120 and
interest. Trustee is Treasurer of State of Connecticut.Dividends.-On pref. In 1905-06, 6%; on common in 1905-06, 3%. On
pref., 1906-07. %. On pref., 1907-08, 6%; on corn., 1907-08, 1 M%.In 1908-09, com., 2 q%; pref., 6%; In 1909-10, corn., 3%; pref., 6%.EARNINGS.-For year ending June 30 1910, gross, $112,384; net. *56,-
022; fixed charges, $34,619; new equip., $841; dIvs. (9%), $24,000; deficit$3,438.ROAD.-Operates 203i miles of track from Groton, through Noank,
West Mystic, Mystic, Stonington and Pawcatuck, to Westerly. R. I. Putin operation on May 6 1905. Connects by ferry with New London. Stand-ard gauge, 70-lb. T rail. 21 cars.OFFICERS.-Pres.. Thos. Hamilton, New London; V.-P.. B. F. Will-
iams, Mystic; Sec., Chas. D. Noyes, Norwich; Treas.. Costello Lippitt,Norwich; Gen. Mgr.. Thomas W. Ryley, Mystic.-V. 80, p. 2344.
GULFPORT, MISS.GULFPORT & MISSISSIPPI COAST TRACTION CO.ORGANIZATION.-Incorporated in Mississippi In 1905. Purchased
the Biloxi Electric Ry. do Power Co. and the Gulfport Development Co.In 1907 increased stock from $1,000,000 to $2,000,000.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock. $2,000,000 ($100) - $1,000,000 let mort., $1,000,000, gold, 1905 6 g A-0 1.000,000 Sept. 30 '35($1,000) J Int. at Hibernia Bk. & Tr. Co., N. Ori., True.
Second mortgage $500,000 1907 6 g J-J $614,000 July 1 1932gold ($1,000) c Hibernia Bank & Trust Co., Trustee.
Bill. El. R. do P. 1st mtge.. g1 1903 6 g J-J 200,000 19230100. $500 and $1.000) _ tint. at Hibernia Bk. & Tr. Co., New Orleans.Bands.-The bonds of 1905 are subject to call on Oct. 1 in any year at
105; no sinking fund. Interest on 2d mtge. Is payable at First Nat. Bank,Gulfport. Bonds have no s. f. and are not subject to call. The BiloxiElectric Railway & Power bondsfare subject to call at 106 and Interest.EARNINGS.-For year ending June 30 1910, gross, $215,240.ROAD.-Operates 13 miles of track from Gulfport to Biloxi and 11 miles
from Gulfport to Pass Christian; also 6 miles of track In Biloxi; total, 30 m.OFFICERS.-Pres., J. T. Jones, Gulfport; V.-P., J. A. Jones, Gulfport;
Sec., H. C. Elder; Treas., E. A. Durham, Sisterville, W. Va.; Asst. Treas.,F. V. Osborne, Gulfport; Aud., R. E. Powers. Buffalo, N. Y.; Gen. Mgr.,W. F. Gorenflo, Gulfport.-V. 83, p. 95.
HAGERSTOWN, MD.I HAGERSTOWN RAILWAY.-A trolley road.ORGANIZATION.-Chartered March 12 1896 in perpetuity. Furnishes
commercial electric lighting. Franchises are perpetual. On May 20 1908shareholders voted to take over the assets of the Hagerstown & NorthernRR., (which had consolidated with the Franklin County RR. In Feb. 1907).the Hagerstown & Boonsboro Ry. and the Hagerstown & Myersville Ry..and Increased stock from $200,000 to $400,000. V. 86, p. 1343.
Interests identified with this company in July 1901 purchased a majorityof the stook and all of the bonds of the Myersville do Catoctin Electric By.but shortly thereafter directors of the latter made a new lease of the roadto the Frederick do Middletown RR., now merged Into Frederick RR.,which see on a previous page.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock. $400.000 ($50) $400,000 1st mortgage, $200,000,1 1896 6 g Q-F 200.000 May 1 1916
gold J Interest at Eavy Lane do Co., Hagerstown.Hager & Myers Ry, $125,000_ 1901 5% 125,000Hagers & Boonesb Ry 1st M1 1902 5 10-A
11092221120,000 Aug 1
$120,000 ($500 & $1,000)c*J Int. at Maryland S. & Tr. Co.,HagerstownHagers & Nor RR 1st mtge) 1007 5 g F-A 120.000 1027$120,000 gold ($1,000, $500 }/nt. at Maryland S. &Tr. Co.. Hagerstown.and $100) c*J Trustee, Wm. Jennings,Bonds.-The Hagerstown & Boonesboro By. bonds are redeemable 1912
at par. The Hagerstown & Northern RR. bonds are subject to call in 1917.ROAD.-Operates 4034 m. of track as follows: Hagerstown to Williams
port and Funkstown. 13 m.: Funkstown to Boonsboro, 10 m.; Boonsboroacross South Mountain to Myersville (where connection is made with Fred-erick RR.), 734 miles, and Hagerstown to Shady Grove (where connections made with Chambersburg Greencastle & Waynesboro Electric Ry.), 10miles. Standard gauge.OFFICERS.-Pres., Christian W. Lynch; V.-P. and Gen Mgr., Richard
C. Haldeman; Treas. and And., Wm Jennings; Sec. and Supt., W. C. Hep-perie.-V. 84. p. 339; V. 86, p. 1343.
HAMPTON, VA.NEWPORT NEWS & OLD POINT RAILWAY & ELECTRIC.ORGANIZATION.-In 1898 purchased the Newport News Hampton &
Old Point By. and acquired the Chesapeake Light do Power Co. at Hampton,Va. Later acquired the Citizens' Railway, Light do Power Co. throughownership of $195,000 out of a total issue of $200,000 capital stock, whichcompany in turn acquired $76,000 of the $100,000 capital stock and entirebond issue of the Newport News Gas Co. The Newport News & Old PointRy. & Elec. also has acquired $95,500 of the $100,000 stock of DanvilleBy. & Elec. Co. and all that company's bonds. In Nov. 1005 acquiredentire capital stock of the Hampton Roads Traction Co., successor to theHampton Roads Railway do Electric Co.. sold under foreclosure, and com-prising 21 miles of track. Formerly also controlled the Norfolk & AtlanticTerminal Co., but entire stock of this company was sold In Nov. 1006 tothe Norfolk & Portsmouth Traction Co., which see under Norfolk. Con-trols the railway, electric lighting and ice business in Newport News, Hamp-ton, Old Point and Phoebus. Also controls gas business in Newport News.Aug. 18 1908 company was granted permission to increase fares from 5 to10 cents between Newport News and Hampton. Fare from Newport Newsto Old Point, 15 cents.In Sept. 1910 $300,000 notes due Meh. 1 1310 were retired, a new loan
having been arranged, thus saving the collateral which was advertised to besold Sept. 20 1910 to satisfy the notes. V. 91, p. 791.STOCK AND BONDS- Date. Interest. Outstanding, Maturity.
Common, $1,075,000 ($100) $1,075,000 Pref 5% cum ($100) 5 J-J 725,000 July 2 '02, 234 %First mortgage, $900,000, 1898 5 g M-N 900,000 Nov. 1 1938
gold ($1,000 each) c* Interest at Alex Bown do Sons. Bait., Md.First mtge Citizens Ry Lt & P 1900 5 g M-N 800.000 May 11040
$800,000 ($1,000). gold..c* Maryland Trust Co., Baltimore, Trustee.Guaranteed prin and int.__ Interest at Alex. Brown & Sons, Baltimore.
General mortgage, $4,000,-1 1901 5 g M-S 1,608,000 Mch 1 1941000, gold ($1,000 each) c* Int. at Alex. Brown do Sons, Baltimore. Md.,
or at company's agency in New York.Bonds.-The Maryland Trust Co., Baltimore, is trustee of both the first
and general mortgages of the Newport News do Old Point Railway doElectric. The Newport News & Old Point bonds of 1898 are subject tocall at 110 on any interest day at 60 days' notice. The Citizens' Railway,Light & Power Co. bonds are subject to call at 110 on any interest day at60 days' notice; they are guaranteed by the general mortgage of NewportNews do Old Point By. & Electric. See V. 71, p. 84. Of the $4,000,000general mortgage bonds, $1.700,000 are reserved to take up at maturitythe outstanding first mortgage bonds of the Newport News do Old Point By.& Eleo, and the Citizens' By., Lt. & Pow. and $02,000 have been retired.In addition to the mortgage lien, bonds are secured by a deposit of the
stock of the Citizens' Railway, Light & Power Co., Danville Railway &Electric Co., the Newport News Gas Co. and bonds of the two latter cos.
EARNINGS.-Of the Newport News & Old Point By. & Elec. andcontrolled companies for 12 months ending Oct. 31 1909. gross, $782.284;net, $361,091; deductions. $309,189; surplus. $51,902.ROAD.-Including Citizens' By., Light & Power Co., Hampton Roads
Trao. Co. and the Danville By. & Elec. Co., operates 50.60 miles of track.OFFICERS.-Pres.. Wm. J. Payne, Richmond; V.-P., George A.
Sohmelz, Newport News; Seo., D. O. Zollickoffer, Richmond; Treas., H. L.Schmelz, Hampton; Gen. Mgr., W. W. S. Butler. Hampton; Aud.. F. vonShilling, Hampton.-V. 88, p. 452, 624, 1561; V. 91, p. 791.
HARRISBURG, PA.CENTRAL PENNSYLVANIA TRACTION CO.ORGANIZATION.-Incorporated in Pennsylvania on July 9 1903, and
leased the Harrisburg Traction Co. and subsidiary lines at a guaranteedrental of 6 %. The Harrisburg Traction Co. stockholders were allowed tosubscribe for the new stock, share for share; has no bonds. An assessmentof 10% ($5 per share) was called on the stock in Aug. 1905, see V. 81, p.725). 10% was called in 1907 and 10% April 1 1908; in March 1909. 4%was called. V. 88, p. 563. On Oct. 17 1903 acquired a majority ofthe $200,000 stock of the People's Bridge Co. The Linglestown &Blue Mountain Railway Co., which is controlled through stock owner-ship, was put in operation to Linglestown on July 1 1904. Owns entirestock of the Harrisburg & Hummelstown Ry. and guarantees Its bonds,prin. and int. In 1907 the Dauphin Street By. was incorporated tobuild a trolley line from Harrisburg to Dauphin. No arrangements havebeen made as yet for financing this company, and no work has been done onproposed line. Franchises are perpetual.In June 1909 shareholders authorized an issue of $2,000,000 first mort-
gage bonds. V. 88, P. 1559.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $2,100,000 ($50) _____ A-0 f 52,100,001 Oct '10,2%
105,00 Apr. 1 1935000 g. ($100 and $500) ___c Int. at Harrisburg Trust Co., Trustee.
Harr. & Hum. let M., $200,- 1905 434 g M-N 200,000 Apr. 1 1935000. gu. p. and 1
First mortgage $2,000,000 1909 434 M-N 300,000 July 1 1929($500 and $1,000) J Interest at Harrisburg Trust Co., Trustee.Bonds.-Both Issues of 1905 bonds are guaranteed principal and interest
by endorsement by the Central Penn. Traction Co. Of the Ling. & BlueMountain mortgage bonds, $20.000 are reserved for Pennsylvania exten-sions. These bonds are subject to call after 1915 at 105 and interest.
Dividends.-Initial div.-4%-declared March 1909 to be credited inpayment of call on the stock. V. 88, p. 563. Oct. 1909 2% and sameamount semi-annually to and including Oct. 1910.REPORT.-For fiscal year ending June 30 1910, gross, $790,127. /n
1909. gross, $757,828; net, $434,896; rentals, taxes and interest, $260,281;surplus, $174,615, of which *38,340 was used for betterments.ROAD-Leases and operates 70.32 miles of track as follows: East Har-
risburg Pass. By., 22.35; Harrisburg City Pass. By., 15.61; Citizens' Pass.By., 10.17; Middletown H. & S., 9.72; Lingiestown & Blue Mountain By.,858.6.3p; .H5a6371s1b5u5r9.g do Hummelstown Ry., 6.84. Has 152 cars.OFFICERS.-Pres. F. B. Musser: V.-P., B. F. Meyers; Sec. & Treas..
W. J. Calder, Supt., F. M. Davis, all of Harrisburg.-V. 83. p. 491; V.
(1) Harrisburg TractIon.-A trolley road.In June 1903 was leased to the Central Pennsylvania Traction Co. at 6%
on stock. A stock dividend of 5 % was paid at that time, Increasing out-standing stock to $2,100,000 The Traction Co. holds in its treasury$700,000 (all) stock of the East Harrisburg Pass. By. and $235,000 (all)of Citizens' Stock. V. 60, p. 873.STOCK AND BONDS- Par. Date. Interest, Outstanding. Last Div.Harrisburg Tractionstock, $2,500,000 .._ 50 ____ 6 F-A $2,100,000 See text.
Citizens' Passenger- 1894 6 g M-N 75,000 May 110241st M., $75,000. gold Int. at Com'wealth Guar. Tr. Co.. Harrisburg
Leased to E. Her. Pass. Rib-Harris. City Pass. stk 25Middlet'wn H.&S.stk 50 ____
1102 J.J1 125,000 Lease rent100,000 Lease rent.
DIVIDENDS -The dividends in Feb. and Aug. 1899 aggregating 4 %were paid in stock, the money being used in reducing floating debt. Divi-dend period changed to quarterly, and 1 % paid in cash Oct. 1899. In 19004%. Dividends again changed to semi-annual and 234 % paid Feb. 1901and 234 % on Aug. 1. In 1902 5 %. In 1903, 6 %, also scrip dividend of 5 %on Aug. 1. 1904 to 1910 inclusive, 6% per annum.ROAD.-Embraces 47 miles of track now operated by Central Penn.Trao.°PPP:MRS.-Pres.. Edward Bailey; V.-P., B. F. Meyers; Sec. and Treas..
W. J. Calder; Supt. and Pur. Agt., F. B. Musser, all of Harrisburg. -V. 77,p. 196.
VALLEY TRACTION CO.-A trolley road.ORGANIZATION.-Incorporated in Pennsylvania on Nov. 18 1903 and
controls through ownership and lease the Harrisburg & MechanicsburgElectric Railway Co., the White Hill do Mechaniscburg Electric By., theWest Farview do Marysville Electric Ry., the Fairview & Riverton Pass. By.,the Carlisle & Mechanisburg St. By., the Camp Hill do Harrisburg Pass. By..the Harrisburg & Riverton St. By. and the United Electric Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $500,000 ($50) $500,000 Pf., $500,000, 5% n.c. ($50) 350,050 1st mtge., $700,000, gold.' 1003 5 g A-0 555,500 Oct. 1 1033($100 and $500) cs lint. at Farmers' Tr Co., Carlisle, Pa., Tr.
H. do M. let M., $224,000, g. _ 1894 6 g M-S 144,500 Sept. 1914Interest is payable at office of trustee, the Harrisburg Trust CoBands.-Val. Trac. bonds are subject to call at 110. A sinking fund of
$5,000 per annum commenced Oct. 1 1908.EARNINGS.-For calendar year 1909. gross, $242,400; net, $78,733
taxes and interest, $43,341; "other charges," $35.392; surplus. none.ROAD.-Operates 41.23 miles of track from Harrisburg to Fairview
Marysviile, Riverton, New Cumberland .White Hill, Camp Hill, Shire-manstown, Mechanicsburg, Boiling Springs and Carlisle. 31 cars. Gauge.5 ft. 2 in.; 50 and 100-1b. girder and T-rail.OFFICERS.-Pres., M. C. Kennedy. Chambersburg; Sec.-Treas., W. L.
Ritchey. Chambersburg; Aud., 0. M. Davison. Chambersburg; Supt.;0. H. Bishop, Lemoyne.-V. 78, p. 1393.
tiesburg Gas. Co. and Hattiesburg Light do Power Co., giving companya monopoly of gas, street railway and electric light business of city. Streetrailway franchise 25 years from 1006.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
gold c*jStandard Trust Co.. New York, Trustee.Bonds.-Sinking fund retires by purchase $5,000 bonds annually, begin-
ning Jan. 1 1909, at a premium up to a 5% basis; bonds cannot be called.V. 87, p. 97. $15,000 have been retired.ROAD.-Has completed 7 miles of track. Began operations Sept. 12
1909. New power house with 825 k. w. capacity put in operation Sept. 11909.EARNINGS.-For 12 months ending May 1 1909 (light and power alone) ,
OFFICERS.-Pres., S. E. Travis; 1st V.-P., H. S. Stevens; 2d V.-P.,H. A. Camp; Sec. and Treas.. N. B. Blount.-V. 87. p. 97; V. 88, P. 624.
HAVERHILL, MASS.NEW HAMPSHIRE ELECTRIC RYS.ORGANIZATION.-Organized In August 1905 as successor under
foreclosure of the New Hampshire Traction Co., as per plan in V. 79, p.2205. Company is managed by a board of trustees. Owns and controlsthe following companies: Amesbury & Hampton Street By., Seabrook &Hampton Beach Street Ry., Haverhill & Plaistow Street Ry., Haverhill
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT., 1910., ELECTRIC RAILWAYS 5
Plaistow & Newton Street Ry., Portsmouth & Exeter Street Ry., DoverSomersworth & Rochester Street Ry., Hudson Pelham & Salem Street Ry.,Haverhill & Southern New Hampshire Street Ry., Haverhill & AmesburySt. Ry., Lawrence & Methuen St. Ry., Lowell & Pelham St. Ity.. Rocking-ham Co. Light & Power Co., Canobie Lake Co. and Granite State Land Co.
All of the capital stocks of these companies are owned by the New Hamp-shire Electric Rys., as are also the outstanding bonds of all the companies,with the exception of those given in table below. Franchises of all the con-stituent companies are perpetual.A five-year contract for power was made with the Exeter & Hampt.
Elec, Co. In July 1908.Portsmouth oe. Exeter St. fly. ReceivershiP.-On Jan. 20 1910 D. A. Belden
was appointed receiver. V. 90, p. 237.
STOCK AND BONDS- Date. Interest Outstanding. Last Div.Common, $4,000,000 ($100)__ $3,900,200 Pref,4 % n-c. $4,000.000 ($100) ____ J-J 3 ,399 ,500 July 30'10 1 3i'Coll trust notes $200,000 gold_ ____ 5% 120,000 Jan 1 1912
UNDERLYING LIENb.
Dover Somers & Roch 1st M.1g, $300,000 ($1,000), c* s fl 1901. 5 g J-J See text. July 1 1921$5,000 per ann begins 1904; Interest at American Trust Co.. Bostonbonds cannot be called_ _ _ -1 1899 5 g A-0 See text. Oct 1 1919
Amesbury & Hampton 1st Ma Int. at Beacon Tr. Co., Boston. Trustee.gold $100.000 ($1,000)___J Trustee.Bonds.-Ot the $300,000 of the Dover Som. & Roch. bonds, all issued,
$174,000 are owned by the New Hamp. Elec. Rys. Of the $100,000 Ames.& Hemp. bonds, all Issued, $45,000 are owned by the N. H. Elec. Rys.$6,000 Ames. & Ramp. bonds and $39.000 Dov. Som. & Roch. bonds ins. f. July 1 1910. Coll. notes are to provide for repairing and rebuildingHaverhill & Ames., and arc secured by securities of subsidiary companies.
EARNINGS.-For year ending June 30 1910, gross, $751,975; net,$211,789; int. and taxes, $48,028; surp., $168,761. In 1909, gross,$615,941; net, $171,773; int. and taxes, $22,342; surp., $149,431.
DIVIDENDS.-Company paid 1% each 6 mos, on pref. since July 1908to and including Jan. 1910; July 1910, 1%.ROAD.-ComPanies controlled (including the Haverhill & Amesbury
St. Ry.) operate 146 miles of track connecting Nashua, Pelham, Lowell,Lawrence, Methuen, Haverhill, Salem, Merrimac, Amesbury, Salisbury,Newburyport and Salisbury, Seabrook and Hampton beaches, Exeter andPortsmouth, Dover, Somersworth, Rochester and East Ho-hester-allpoints in N H. or Mass Company owns several pleasure resorts. Alsodoes electric-lighting business. Population served, 500,000.OFFICERS.-Pres., D. A. Belden, Haverhill; V.-P., M. N. Buckner,
New York: Sec. and Treas., F. J. Horne, New York. V. 86, p. 420, 668,1042; V. 88, p. 1500; V. 00, p. 237; V. 91, If• 215.
(1) Haverhill & Amesbury Street Ry.-Trolley road.On June 1 1909 the New Hampshire Elec. Ry. acquired control. The
purchase includes all equity above the $290,000 bonds outstanding. V.88, p. 1499.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $250,000 (par $100) ---- -- See See text $150,000 Oct. '97. 3 %Black Rock & Salisbury Bch 1891 5 g J-J 94,000 July 1 1911
first mortgage, gold Interest at International Trust Co., Boston.Haverhill & Amesbury consol 1892 5 g J-J 196.000 July 1 1912mtge $290,000 g ($1,000)c* Interest at American Trust Co., Boston, Trus.
DIVIDENDS.-None since Oct. 1897
ROAD.-Has 27.4 miles of track, including sidings, &c., extending fromHaverhill through Merrimac, Amesbury and Salisbury to Newburyport,with lines along Salisbury Beach. 65 cars.
ANNUAL REPORT.-For years ending Sept. 30 earnings have been:Gross. Net. Int.,Taxes,ecc. Balance.
1908-09 $124,537 $33,156 $30,154 sur.$3,0021907-08 121,552 38,678 52,184 def.13,506-V. 84. p. 450; V. 87, p. 1089; V. 88, p. 52.
HAZLETON, PA.WILKES-BARRE & HAZLETON RR.ORGANIZATION.-Incorporated in New Jersey May 1901, and acquired
the entire ($1,500,000) capital stock and ($1,500,000) bonds of the Wilkes-Barre & Hazleton Railway Co. (Pennsylvania incorporation) and depositedthe same, together with $140,000 (entire issue) of the Lehigh Traction Co.'s5% certificates of indebtedness and $922,200 of the stock of $1,000,000 ofthe Lehigh Traction Co., as security for the Wilkes-Barre & Hazleton Rail-road Co. Issue of first collateral trust mortgage 5 % gold bonds. V. 72,p. 1281. Franchises are 999 years in and around Hazleton and perpetualfrom Hazleton to Wilkes-Barre.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $2,500,000 ($100). _ _ $2,500,000 Pref 6% non-cum $700,000_ 183,500 Collateral trust mortgage $2,-1 1901 5 g M-N15 1,000,000 May 15 1951
500,000 gold ($1,000) ___c*1Int. at Guaranty Trust Co., N. Y., Trustee.Collateral trust mortgage $1,-1 1905 5 g A-0 1,227,000 Oct. 1 1945500,000 gold ($1,000).. __c1 Int. at Guaranty Trust Co., N. Y., Trustee.Bonds and stock.-Of the authorized issue of $2,500,000 coll, trust bonds of
1001, $600,000 are reserved to retire all bonds of the Lehigh Traction Co. A.sinking fund of $20,000 per annum, which began June 1 1908, Is to be in-vested in the collateral trust bonds or in bonds purchasable by savings banksin New York State. See V. 72, p. 1281; V. 78, p. 289. The collateral trustterminal bonds have a sinking fund of $10,000 per annum, commencing in1910. Bonds can be called at 110. Preferred stock can, at option ofcompany, be changed at any time into the bonds of the company at par,said bonds to bear not less than 5%, or may be redeemable at par In cash.EARNINGS.-For year ending Dec. 31 1006, gross, $308,536; net,
$165.649.OFFICERS.-Pres., A. Markle; V.-P., C. B. Houck; Treas., N. C.
Yost; Sec., C. J. Kirschner.-V. 83, p. 1202; V. 87, p. 679.
Owns, controls and leases for 999 years at an annual rental of $1 each theHazleton & Suburban Electric Ry.
' capital $30,000; Hazleton & South
Side Electric Ry., capital $75,000; Hazleton & North Side Electric Ry.,capital $75,000. The $140,000 certificates of indebtedness and $922,200of Lehigh Traction stock are deposited as security for the Wilkes-Barre &Elazleton RR. bonds.STOOK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $1,000,000 ($100)_ $1,000,000 First mortgage $500,000 ------ 1893 5 g J-D 500,000 June 1 1923($100, $500, $1,000) _ _ __c*1Markle Bkg. & Tr. Co., IIazieton, Trustee.
Certificates of indebtedness__ _ _ 140,000 Hazle Park bonds. $60,000_ __ 1805 5 g A-0 60,000 1925ROAD.-Operates 22 miles of track, new 58-1b. steel T rails, oak ties, well
ballasted. Road extends from Hazleton to West IIazieton, to Yorktown(connecting with Pennsylvania RR. and Lehigh Valley RR.), to McAdoo(south) and Milnesville. Latimer Mines and Freeland (north).EARNINGS.-For calendar year 1909, gross, $190,289; net, $68,567.
In 1908, gross, $184,619; net, $71,575.OFFICERS.-Pres., A. Markle; V.-P., C. B. Houck; Sec., C. J. Kirsch-
ner; Treas., N. C. Yost; Gen. Mgr., C. B. Houck.
(2) Wilkes-Barre & Hazleton Ry.-A trolley, steam and third-rail road.ORGANIZATION.-Chartered Dec. 13 1899 under General Railroad Law
Act of April 4 1868, State of Pennsylvania. The Wilkes-Barre & IlazletonRR. owns the entire stock and bonds.
Decision Regarding Fares.-Judge Fuller at Wfikes-Barre Aug. 31 1008granted an injunction restraining authorities of Luzern() County frombringing suit to prevent company from raising passenger fares above 2 centsper mile. Company had reduced rate Oct. 11007 in compliance with 2-centfare law passed by Pennsylvania Legislature, but, finding passenger businessunprofitable on that basis, desired to restore old rates. See V. 87, p. 870.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $1,500,000 full paid__ __ $1,500,000 First mortgage $1,500,0001 1001 5 g M-N 1,500,000 May 1 1951
gold lInterest at Guaranty Trust Co.,.N. Y., Trust.ROAD.-Owns 27 miles of road from Hazleton to Wilkes-Barre, and uses
for terminals 1 mile Lehigh Traction Co. track at Hazleton and 2 milesWilkes-Barre Terminal RR. Co. track at Wilkes-Barre; total, 30 miles.Entire road placed in operation May 1 1003. Rails, 05 lbs.
EARNINGS.-For 12 months ending Dec. 311909, gross, $218,651; net.$122,976; interest, taxes, &c., $112,027; surplus, $10,950.OPPICERS. -Pres., A. Marltle; V.-P. and Gen. Mgr., C. B. Houck;
Treas., N. C. Yost; See., C. J. Kirschner; Supt. of Trans., A. F. Harger.(a) Wilkes-Barre Terminal RR.ORGANIZATION.-Incorporated on Oct. 9 1903. Stock authorized
and outstanding, $35,000 (par $50). Bonds authorized, $600,000 (c&11:outstanding, $60,000 ($1,000). Date 1905; due Oct. 1 1945. Int. (5 g.A-0) payable in New York. ROAD, 3 miles, between W. B. Ter. RR.June. and Wilkes-Barre. Rails, 90-lb. T; gauge, 4 ft. 83i in. Pres.. J. T.Keith; Sec., A. P. Goedecke; Treas., J. J. McGeehin.
HELENA, MON.THE HELENA LIGHT & RAILWAY CO.-Trolley, electric light and
power, gas light and fuel.ORGANIZATION.-Incorporated in Connecticut in Sept. 1905 as suc-
cessor to the Helena Light & Traction Co. V. 81, p. 1043. Controls theHelena Gas Light & Coke Co.; comprises the city's entire street railwaysand gas and electric-light plants. Franchises expire April 4 1926.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $900,000 Q-F $561,000 Aug. '10, 1 %Preferred $600,000 5% cum__ 5 Q-F 374,000 Aug. '10. 13iFirst mortgage $1,500,0001 1905 5 g M-S 860,000 Sept. 1 1925
gold ($1,000) c*lInt. at Knickerbocker Tr. Co.. N. Y.. Trust.Bonds.-The new bonds of 1905 are subject to call at 105 and Interest;
$595,000 are reserved for extensions and improvements, of which $500,-000 may be issued only for 85% of cost. A sinking fund of 1 35% perannum of bonds outstanding commenced June 1 1908, which will beincreased to 2 M% per annum June 1 1918; said fund to be used inretirement of bonds at not higher than 105 and Interest. See V. 81. p. 1550.$45,000 have been retired by sinking fund to date.
Dividends.-Five per cent per annum in quarterly installments Is beingpaid on pref. stock. First dividend on common, 1 %, paid Oct. 31 1906.In 1907, Jan. 31, 1%; Aug. 1, 1%; Nov. 1, 1%; none thereafter until May1909, 1%; Aug., 1%; Nov., 1%. In 1910, Feb., 1%, May, 1%; Aug., 1%.EARNINGS.-For 12 months ending Dec. 311909. gross, $290,626; net.
$108,113; fixed charges, $42,058, sink. fund, $13,350; surplus, $52,705.ROAD.-Operates 17 miles of track.OFFICERS.-Pres., P. G. Gossler, New York; V.-Ps., M. H. Gerry,
Helena, J. H. Pardee, New York; Sec., H. S. Collette, New York; Treas.,R. B. Marchant, New York; Asst. Sec. & Asst. Trea,s.,A. B. Sibley.Operated under the general management of J. G. White & Co. Inc., NewYork City.-V. 81, p. 77, 889, 1043, 1550; V. 83, p. 1037; V. 88, p. 1061.
HENDERSON, KY.HENDERSON TRACTION.-A trolley road.In May 1910 a syndicate composed of principal stockholders of Evansville
Rys. secured some stock-not enough, however, it is -stated, to changecontrol. V. 90, p. 1363.ORGANIZATION.-Incorporated in Kentucky Feb. 22 1907 as a suc-
cessor to the Henderson City Ry., sold at foreclosure on Feb. 18 1967.The old railway had a 30-year franchise granted in Oct. 1886, and also con-trolled the Henderson Ferry Co., which has since been sold. V. 84, p. 508.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $150,000 ($100) $150,000 First mortgage, $150,0001 1907 5gA-0 105,000 Apr.15 1927($1,000, $500. $100) gold_ _1Int. at Ohio Bkg. & Trust Co., Henderson.Tr.Bonds.-Remaining $45,000 are reserved for extensions and improvem'ts.
Subject to call on April 15 1912, 1917 and 1922 at 105. No sinking fund.ROAD.-Operates 6 miles of street railway.OFFICERS.-Pres., J. H. Lyne: V.-P., C. C. Tennis; Sec. and Treas..
Chas. E. Daliam; Gen. Mgr., W. A. Carson.-V. 83, p. 380; V. 84, p. 339.1428; V. 90, p. 1363.
HOLYOKE, MASS.HOLYOKE STREET RAILWAY.-Trolley.ORGANIZATION.-Leases the Mt. Tom (incline) RR. until June 1 1922
at 6 % per annum on the $100,000 stock. In 1907 purchased the Hamp-shire Street Ry. (previously leased). V.85. p.40. In Aug. 1907 purchasedthe Amherst & Sunderland Street Ry. (V. 85, p. 294), giving a throughconnection from Holyoke to Amherst and Sunderland.STOCK- Date. Interest. Outstanding. Maturityatc.
Current liabilities Sept 30 1909132,751 Interest on all bonds payable at Holyoke National Bank.Dividends.-In 1892 to July 1010 inclusive, 8% yearly.ROAD.-Has 60.7 miles of track, Including Mt. Tom (Incline) RR.,
4,900 feet long, and connecting with the Woronoco Street Ry. to Westfield,Mass.; with Springfield St. Ry. to Springfield, Mass., and with Northamp-ton St. Ry. to Northampton. Mass., and direct to Chicopee, Chicopee FallsSouth Hadley. Amherst and Sunderland. Passenger cars, 120; other ser-vice cars. 27; snow-p!ows, 10; other vehicles. 7; electric motors, 269.EARNINGS.-Years ending Sept. 30
OFFICERS.-Pres., Gen. Mgr. & Pur. Agt., Wm. S. Loomis; Sec. &Treas., Louis D. Pellissler; Supt., G. H. Hunter, all of Holyoke.-V. 85.p. 40, 284; V. 86, p. 52.
HOT SPRINGS, ARK.HOT SPRINGS STREET RAILWAY.-Trolley.ORGANIZATION.-Chartered in 1894; successor to Hot Springs Electric
Street Ry.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $500,000 First mortgage gold ($500.000) 1894 6 g J-D 442,000 June 1 1924Commonwealth Trust Co., St. Louis, Mo., Trustee.ROAD.-Operates 12 miles of track.OFFICERS.-Pros., S. W. Fordyce; V.-P., W. C. Fordyce; Sec. and
Treas., H. J. Lehman.
HOUGHTON, MICH.HOUGHTON COIJNTY TRACTION CO.-Trolley road.ORGANIZATION.-Organized in 1908 and took over Houghton County
Street Ry., which latter company was Incorporated in 1899. Franchisesin public streets expire In 1929, 1930, 1932, 1933 and 1938. Private rightof way perpetual.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $750,000 ($100) $750,000 Oct '10,21,4Pref., 6% cum $500,000 ($101)) A-0 207,200 Oct '10,3%1st consol mtge $1,600,000) 1908 5 g J-J 400,000 Jan 1 1937($500 and $1,000) gold_ __ _ Int. at City Trust Co., Boston, Trustee.
Hough Co St Ry mtge $750,- 1000 5 g J-J 750,000 July 1 1920000 gold ($1,000) cal Int. at Boston Safe Dep. dc Tr. Co., Trustee.Stock and Bonds.-Preferred stock Is redeemable at 110. $750,000 consol.
mtge. bonds reserved for prior liens $450,000 for future additions at 80%of cost; they are subject to call as a whole (after Oct. 1 1911) or in part forsinking fund at 105 and int. Sink. fund 13.5% of outstanding bonds. TheHoughton County Street By. bonds can be called as a whole or in part at105 and Interest. V. 87, p. 614.Dividends.-On pref., 3% s.-a. from Oct. 1908 to Oct. 1910 inclusive.
On corn., first div., 2%. Oct. 1909. In 1910, Apr., 2 %%; Oct., 21,%.REPORT.-For year ending Dec. 31 1909, gross, $319,966; net, $147,415;
gold '$1,000) c•f Int at Trust Co. of N. Amer., Phila.. Trus.Bonds.-Cannot be called. $218,000 are reserved for cxten. and imp'ts
at not exceeding $15,000 per mile. See V. 76, p. 654; V. 82, p.1212.
EARNINGS.-For year ending Dec. 311909, gross, $385,425; net, aftertnxes, $169,235; interest, $36,600; surplus, $132,635. In 1908, gross,$344,693; net, after taxes, $132,345; interest, $33,683; surplus, $98,662
RC/AIL-Operates 62.38 miles of track between Indianapolis, Franklin
nd Columbus and Seymour, of which 3.86 miles belong to Ind. Trac & Ter
Co. Standard gauge, 60-lb. Trail. Mostly private right of way. The ex
lensInn to Seymour, 20 miles,was completed Oct 1907. It connects with
Indianapolis & Louisville Traction Co., thus forming a through line from
nillanan,41s to Louisville.0 I, PICE : V.-P., Wm. G. Irwin; Sec Fe Treas.,
[(ugh Miller, all of Columbus. Ind.: Gen. Mgr., Alex Shane.-V. 77, p. 823;
V. 78, p. 1446; V. 82. p. 928, 1212; V. 86, p. 421.
ORGANIZATION.-Incorporated in Indiana on March 23 1907 andacquired by purchase (1) Indianapolis & Eastern By.; (2) IndianapolisCoal Traction; (3) Indianapolis & Western Traction; and (4) RichmondStreet do Interurban Ry.On March 25 1907 leased the Terre Haute Traction do Light Co. for 999
years (see terms under that company below), and in April 1907 leased for999 years the Indianapolis do Northwestern Traction and the Indianapolis &Martinsville Rapid Transit (see terms under respective companies).In April 1910 purchased 46,717 of the 50,000 shares of the stock of the
Indianapolis Trac. & Term. Co., giving Its own common and pref. stockIn exchange on a liberal basis. See V. 90, p. 1103. 1240.
Franchises.-In a letter to bankers in May 1910, President of the com-pany said: "The great majority of the franchises under which the system isoperated extend well beyond the life of these bonds [1st & ref. mtge.]. Thefranchises in the city of Indianapolis expire in 1933. The existing franchisesare free from unreasonable or burdensome conditions."
gold ($1,000) s f c•IInt. at Fidelity Trust Co., Phila., Trustee.Ind & East 1st cons M41,000,-) 1902 5 g J-J See text July 1 1927000, gold ($1,000), s f c* }Int. at Mercantile Trust Co., N. Y., or at
1 Central Trust Co., Indianapolis, TrusteeInd. ec Green. 1st M.. 8300.-f 1899 5 g J-J 220,000 Jan. 1 11129000 (31,000), gold ell Int. at Cit. Savings ec Trust Co., Tr., Cleve..
or at First National Bank, New York City.
Stock.-Pref. stock is 5% cum. after July 1 1910. Should corn, at anytime pay 6%, pref. will pay the same. V. 90, la• 1555-Bonds.-Bonds unissued reserved, $1,000,000, for power plant, and rest
for additions and improvements under careful restrictions. Callable as awhole on and after April 1 1915 at 105 and int., or in part, for sinking fundonly, at 102 M and int. on any int. date.S. f. $55,000 p. a. first 5 years and $106,675 p. a. thereafter; bonds
acquired for s. f. to be held alive and int. added to s. 1. V. 90, p. 1491.Of the $1,000,000 Ind. do East. consols auth., $300,000 are reserved to
retire the Ind. do Greenfield 1st 5s, $14,000 have been canceled by sink. fund.Of the remaining $686,000 out, $414,000 are owned by Terre Haute Ind. dcEast Trac. A sinking fund, 1% of bonds out, began July 1 1908. Fund isto be invested in the company's bonds if they can be bought at not morethan 105 and int. Bonds cannot be called. See V. 75, p. 342. On theInd. Fc Greenfield bonds, $12,500 is payable yearly to a sinking fund begin-ning Oct. 1 1904, with which bonds beginning with No. 1 are being pur-chased at 105 and accrued int.; $80,000 have been so purchased.
Dividends.-Initial dividend, 1M%, on pref. paid Oct. 1910.
REPORT.-For entire system for years ending March 31:1909-10. 1908-09. 1907-08.
Net earnings $2,431,622 $2,275,005Rentals F0 other deductions, sub. cos_ _$1,451,728 $1,409,672Sinking funds, subsidiary companies.._ 122,463 118,805Int.& sink. fd. on divis, bds. of this Co. 27,500 27,500
Balance $829,931Interest on $5,500,000 Terre Haute
Indianapolis & East. Trac. bonds 275,000
$719,028
275,000
$2,141,910$1,339,597
121,54127,450
$653,322
275,000
Balance $554,931 $444,028 $378,322
ROAD.-Operates a modern high-speed electric railway over lines
which comprise a continuous route from and Including the city of Paris in
Illinois through the city of Terre Haute and towns of Brazil, Greencastle,
Amo, Clayton and Plainfield, to the city of Indianapolis, and thence through
the towns of Greenfield, Knightstown, New Castle and Cambridge City, tothe city of Richmond in Indiana; also a line running south from Indianap-olis to Martinsville, Ind.; a line running west from Indianapolis to Danville,Ind.; and a line running northwest from Indianapolis to Crawfordsville,ind Lafayette. and from Terre Haute a line north to Clinton. Ind.. and a
line south to Sullivan, Ind. Also operates the city lines in Indianapolis.Terre Haute and Richmond. Total miles in single track: city lines, Indi-anapolis, 132.87; Terre Haute, 26.39; and Richmond, 9.71; total, 168.97;interurban lines, total, 342.90. Grand total, entire system,511.87 miles.
OFFICERS.-Pres., Hugh J. McGowan; V.-P. & Gen. Mgr., Robt. I.Todd; V.-Ps., Marshall S. Morgan, E. B. Peck and John J. Appel; Sec. doTreas., Jos. A. McGowan.
Directors.-Hugh J. McGowan, W. Kesley Schoepf, Randal Morgan,
Robert I. Todd, J. J. Appel, Jos. A. McGowan and E. B. Peck, V. 84.
p. 869, 997; V. 88, p. 296; V. 90, p. 1103, 1240, 1364, 1491, 1555.
(1) Indianapolis Traction & Terminal Co.
In April 1910 control was acquired by the Terre HauteIndianapolla &
Eastern Traction. V. 90, p. 1101, 1239.
ORGANIZATION.-Incorporated in Indiana on Aug. 4 1902 with
$500,000 capital, which was Increased in Jan. 1903 to $5,000,000 to
lease the Indianapolis St. Ry. and to provide terminal facilities for all
Interurban electric roads now entering or yet to enter Indianapolis. Fran-
chise Is for 31 years, under the terms of which the company Is to pay the
city 4 cents per car for the first 11 years, 6 cents for the next 10 years and 9
cents for the remaining 10 years. On Dec. 29 1902 leased for 31 years the
Indianapolis Street Ry. V. 75, p. 1301.Interurban railways enter the city under agreements by which they pay
3 cents per passenger for all passengers carried in the city limits and an
additional 1 cent for those using the terminal station. V. 81, p. 284.
STOCK AND BONDS- Date. Interest. Outstanding. Last Div.
($1,000), s. f c•JInt. at Guaranty Tr. do S. D. Co., Phila., Tr.
Bonds.-$750,000 are reserved for extensions and betterments. A
sinking fund provides for the payment annually of 1 1-5 % of bonds out-
standing, including those in the sinking fund. See V. 76, p. 1085. Bonds
may be drawn for sink, fund after Jan. 1 1908 at 1025i and interest and are
subject to call at that price after Jan. 1 1908. See V. 81, p. 264.
Dividends.-FIrst dividend on stock. 1%, was paid Dec. 31 1908: in
1909. June, 1%; Dec.. 1%; In 1910, June,1%.
ROAD, &c.-In addition to 132.87 miles of Indianapolis Street By., hascompleted 18.1 miles of single track and owns 9-story office and terminal
building, train-sheds and three freight depots centrally located in Indianapo-
lis; also real estate on which same are constructed. This terminal is used
by all interurban roads (13 In number) entering Indianapolis. Owns
electrical and steam equipment of 7.000 k. w. capacity. Has 92 doubt e
truck closed and 35 double truck open city cars.
E A RNINGS.-For calendar years:Year- Net. Charges. Surplus.
$1,541,045 $1,244,616 •$296,429
1908
$2G.8r6os1s,2. 83
2,673,436 1,463,395 1,248,183 *215,212
1907 2,683,826 1,475,143 1,250,582 224,561
• Out of $296,429 surplus In 1909 a div. of $100,000 was paid in 1908;
$50,000 div. was paid.
OFFICE RS.-Pres.. Hugh J. McGowan; V.-P. do Gen. Mgr.. Robt.
Todd; V.-P., E. B. Peck: V.-P., John J. Appel; V.-P., Marshall S. Morgan;
Sec. & Treas., W. F. Mliholland. V. 81, p. 264; V. 82, p. 627; V. 83, p.
1411; V. 87. p. 1664; V. 90, p. 1101, 1239.
(a) Indianapolis Street Ry.-A trolley system.
ORGANIZATION.-Incorporated in Indiana March 7 1899. Afteracquiring the Citizens' Street RR. of Indianapolis and the City Railroad,made a contract with the City of Indianapolis agreeing to surrender therights and franchises of both companies and accept a new franchise runningonly thirty-four years. The contract also provides that cash fares are notto exceed five cents, with free transfers, and tickets are to be sold at the rateof six for twenty-five cents and twenty-five for one dollar.The company also binds itself to pay over to the city (which is to expend
it on the public works) the sum of $30,000 yearly from 1899 to 1925. and$50,000 yearly from 1926 to 1932, inclusive, the contract expiring in 1933-see V. 68, page 723. The city gets the right to purchase the property "atany time within two years and not later than one year before the expirationof this contract." nothing to be paid for the value of the franchise. Lawsustained May 1902. V. 74, p. 936.TERRE HAUTE INDIANAPOLIS & EASTERN :TRACTION.-(Se
s
Map on page 52.)
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
54 ELECTRIC RAILWAYS [VOL. Lxxxxr.
As to the three-cent fare case, which the U. S. Court of 'Appeals decidedin favor of the Citizens' Co. in Dee. 1897, see Supplement of Nov. 1898, andV. 64, p. 842, 1180; V. 65, p. 51, 181, 1172.
Guarantees the ($400,000) bonds of Broad Ripple Tfaction Co., and owns75% of Its stock.
Lease.-On Dec. 29 1902 was leased to the Indianapolis Traction & Ter-minal Co. for 31 years. See V. 75, p. /301. Lease provides for dividend of1 % Jan. 11003. then 3% in semi-annual installments for first year, 4% forsecond year, 5% for third year and 6% after July 1906.STOCK AND BONDS- Date. Interest. Outstanding. Maturitydtc
Capital stock ($100) J-J $5,000,000 July '10, 3 %Indianapolis St. fly. gen.) 1899 4 g J-J 6,000,000 Jan. 1 1933M. $6,000,000, gold }Interest at Guar. Trust & Safe Deposit Co.,($1,000), guar cJ Phila., Trustee.
Citizens' St. By. 1st M.,1 1893 5 g M-N 4,000,000 May 1 1933$4,000,000 gold cs I Central Trust Co., New York, Trustee.
Equip. certificates. $200,0001 1909 5 M-N 180,000 See text.($1,000) 'Fidelity Tr. Co.
' Philadelphia. trustee.
Interest on Citizens' consols at Fourtn Street Nat. Bank, Philadelphia.The mortgage of 1899 was for $7,000,000, but $1,000,000 has been can-
celed. No bonds reserved for the Citizens' consols. The company bindsItself to pay to the Indiana Trust Co. a sum annually sufficient to redeemat maturity the greater part of the entire issue of Indianapolis Street fly.bonds; this provision is guaranteed by the Indianapolis Traction & TerminalCo. See V. 76, p. 542. Equip.certificates mature $10,000 on May 1 andNov. I each year until paid in full. $20,000 have been retired. They coverpurchase of 54 new cars. V. 88, p. 1499.
Stock and bonds listed on Phila Stock Exchange V. 69, p. 851.ROAD.-Operates 132.87 miles of track. with 350 cars. 90-1b. rail.OFFICERS.-Pres., George Brown, Indianapolis; 1st V.-P., H. S.
New; 2d Vice-Pres.,Joseph S. Neff, Philadelphia; Sec. and Treas., HenryJameson; Asst. Sec. and Asst. Treas., C. E. Morgan 3d, Philadelphia. andW. F. Milholland, Indianapolls.-V. 79, p. 151; V. 88, p. 1499.
(2) Terre Haute Traction & Light Co.Leased.-In March 1907 was leased to the Terre Haute Indianapolis &
Eastern Trac. Co. for 999 years. The latter company guarantees 6% onthe outstanding pref. stock and 2% on common for I M years, 3% for1 yeat, 4% for I year, and 5% thereafter. and $1,000 per year for organi-zation expenses. V. 84, p. 750.The Terre Haute Ind. do East. Trac. owns all the common stock except
directors' shares.ORGANIZATION.-Is a consolidation in 1904 of the Terre Haute Elec-
tric Co. and the Terre Haute Electric Traction Co. Principal railwayfranchises expire 1952; principal lighting franchise perpetual' other fran-chises average 30 years from Jan. 1 1906. Leases Terre Haute & WesternRailway Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $2,000,000 ($100) M-S $2,000,000 See text.Pref., $1,000,000 ($100) 6 % cu M-S 645,500Sept.'10, 3 %First cons. mtge. 85,000,0001 1904 5 g M-N 3,113 ,000 May 1 1944
gold Jlnterest at State Street Trust Co. Boston.Terre Haute Electric 1st mtg. 1899 5 g J-J 1,500,000 July 1 1929$1,500,000 gold ($1,000) es Int. at Boston Safe Dep.& Tr. Co., Boston.Bonds.-The Union Trust Co. of Indianapolis and the Boston Safe Deposit
& Trust Co. are joint trustees of the Terre Haute Electric mtge Of the$5,000,000 consols, $1,500,000 are reserved to retire prior liens. The newbonds are callable as a whole at 110 and int. on any int. date. A sinkingfund of 1 % of outstanding bonds commenced May 1 1906. 898,000 washeld by this fund in Sept. 1910. The United States Trust Co. of TerreHaute and the State Street Trust Co.of Boston are trustees of this mtge.See V. 78. p. 2013.EARNINGS.-For cal. year 1909. gross, $1,072,170; net, after taxes,
542,436; Interest and rentals, $235,420; surplus, $307,016. In 1908.gross. $1,028,157; net, after taxes. $490,519; interest and rentals, $213,478;surplus, $277.041.ROAD.-Embraces 100.25 miles of track In Terre Haute, Including lines
from Terre Haute to West Terre Haute, Clinton. Brazil. Sullivan, Ind..and Paris, Ill. Rails, 40 to 80 lbs. 95 cars.-V. 84, p. 750; V. 90, p.1555(a) Terre Haute & Western Ry. Co.-An electric road.Leased to Terre Haute Traction & Light Co. for 999 years from Nov. 1907.ORGANIZATION.-Incorporated in 1907 in Illinois. Road extends
from the Indiana State line near Sandford, Ind., to Paris, Ill., 11.6 miles.Began operation Oct. 25 1907. Is entirely on private right-of-way. Entirecorn. and pref. stock owned by Terre Haute Trac. & Lt. Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock common $200,000 _ $200,000 Preferred $150,000_ 150,000 First mortgage $250,000 gold' 1907 5 g M-N 250,000 Nov 1 1937guar p & I ($1,000) __c•JInt. at New England Tr. Co., Boston, Trust.Bonds.-Are guar. p. & I. by endorsement by Terre Haute Tr. & Lt. Co.EARNINGS.-For calendar year 1909, gross. $49,843; net, $25,803;
Interest, $12,500; surplus, $13,303.-V. 90, p. 1555.(3) Indianapolis & Northwestern Traction Co.-An electric road.Lease.-In April 1907 was leased to the Terre Haute Indianapolis &
Eastern Traction for 999 years. The latter company will pay the intereston the bonds: also 1 Yt% guar. or 5% per annum on the $450,000 pref,stock and $500 per year for organization. V. 84, p 869.
Entire issue of common stock, except directors' shares, is owned by theTerre Haute Indianapolis & Eastern Traction.ORGANIZATION.-Organized in 1902 in Indiana. Operates a modern
high-speed interurban railroad, standard-gauge, located upon private rightof way outside of the city corporate limits. Extends northwesterly fromthe city of Indianapolis through the cities of Lebanon and Fiankfort to thecity of Lafayette, with a branch from Lebanon to Crawfordsville, each ofwhich cities Is the county seat of its respective county. Has trackagerights to the business centres of Indianapolis and Lafayette.The franchises run for 31 to 50 years and permit the carrying of freight,
express and mail, as well as passengers.STOOK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $2,550,000 $2,550,000 Pref. ($1,000,000) cum ___ _ 5 Q-J 450,000 let mtge., $3,000,000, gold l 1903 5 g M-S 2,470,000 Mar. 1 1923
($1,000) cslInt. at Knickerbocker Tr. Co.,
N. Y., Trust.Bonds.-The remaining $530,000 for improvements, &c.,at 50% and 75%
ol cost. No s. f., but bonds can be called on any int.date at 110 and int.EARNINGS.-For year ending Dec. 31 1909: Gross, $405,087 net,
$179,460; int. and taxes, $136.218; divs.. $22,500; surplus, $20,742.ROAD.-Embraces 92.25 miles of track between Indianapolis, Zions-
ville, Lebanon, Frankfort and Lafayette, incl. a branch from Lebanon toCrawfordsville. Standard gauge; 70-lb. T-rail. Operates 20 vestibuleand 4 freight cars. Power house and car barn are at Lebanon.-V. 82,p. 49; V. 83, p. 37 V. 84, p. 749; V.88, p. 295.(4) Indianapolis & Martinsville Rapid Transit Co. An electric road.Leased.-In April 1907 was leased to the Terre Haute Indianapolis &
East. Trac. for 999 years. The latter co. will pay the int. on the bonds: also*500 per year for organization V. 84, p. 749. The Terre Haute Ind. &East. owns entire issue of stock except directors' shares.ORGANIZATION.-Incorporated in Indiana on April 24 1901. Operates
on private right of way except in incorporated towns.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
gold c* & r. Union Trust Co. and Security Tr. Co. of In-dianapolis. Trust. Int. at Sec. Tr. Co., Ind.
Bonds.-No sinking fund but bonds are subject to call after 10 years at105 and interest. See V. 78, p. 1223.ROAD.-Embraces 30 miles of track from Indianapolis to Martinsville,
Completed in May 1903. 70-1b. rails: standard gauge.-V. 84, p. 749.
INDIANAPOLIS CRAWFORDSVILLE & WESTERN TRACTION CO.-An electric road.Receivership.-On July 8 1909, on application by the Electrical Installa-
tion Co. Judge Anderson at Indianapolis appointed H. J. Milligan of In-dianapolis, receiver. V. 89, p. 348. At the request of bondholders' com-mittee, which controls $1,000.000 of the $1,500,000 bonds, trustee hasbrought suit for foreclosure. V. 90, p. 372ORGANIZATION.-Incorporated in Indiana in /903 as the Consolidated
Traction Co., but name changed In 1906 as above. Built entirely on privateright of way. In cities and towns has 50-year franchises which permit thecarrying of freight, express and mall matter.
Control by Trustees.-Road is controlled by a board of five managingtrustees consisting of Sterling R. Holt of Indianapolis, Chairman: EdwardHawkins ;Indianapolis; C. N. Van Cleave, Crawfordsville; A. E. Reynolds.Crawfordsville, and A. M. Hewes, Chicago.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $3,000,000 ($100) _ $1,500,000 First mortgage $3,000,0001 1906 5 g J-J 1,500,000 May 21 1936($1,000) gold e*i Marlon Trust ndianapolis, Trustee.
(Interest at Van Co.,dorden Trust Co.. N. Y.Bonds and Stock.-The underwriting agreement dated Feb. 21 1906 pro-
vides for the sale at 90% of not exceeding $1,500,000 of the bonds, with anequal amount of stock as bonus. Bonds subscribed for were not to be soldfor less than 95% before July 1 1907. Sinking fund, of A of 1 % yearly ofbonds that have been outstanding for 5 years becomes operative Oct. 11912. V. 84, p. 1247.ROAD.-Proposes to build 87 miles of track between Indianapolis and
the Illinois State Line, 6 miles east of Danville, where connection will bemade with the Illinois Traction Company's system. Section between In-dianapolis and Crawfordsville, 45 miles, has been completed and is beingoperated. Equipment consists of 6 regular and 2 limited passenger coachesand 2 express cars, 300 h. p. each. Power house at Crawfordsville, two700 k. w. direct connected compound condensing units.OFFICERS.-Pres., A. A. Barnes, Indianapolis; Sec., Edward Hawkins,
Indianapolis; Indianapolis; Treas., Oliver P. Ensley, Indianapolis; Gen. Mgr. C. E. Mor-gan, Crawfordsville.-V. 84, p. 1247; V. 89. p. 348; V. 90, 13.372-
---INDIANAPOLIS NEWCASTLE & TOLEDO ELECTRIC Rif.-An elec-
tric road.Receivership.-Judge Carter in the Superior Court at Indianapolis Nov. 5
1907 appointed the Union Trust Co. of Indianapolis receiver on applicationof the Electric Installation Co. of Chicago, creditor. A creditors' agree-ment was declared in force June 15 1908, which permits the issuance of6% receiver's certificates as a first lien. $460,000 of these certificates havebeen issued and taken by Union Trust Co.. in its individual capacity. Pro-moters have settled with over 90% of creditors at 30 cents on the dollar,and road is to be completed. V. 89, p. 778.ORGANIZATION.-Incorporated Is Indiana on Nov. 23 1904. Has
Interurban private right of way 50 to 100 feet wide, and private right ofway within eitylimits of Indianapolis 150 feet wide to terminal at 10th Streetand Massachusetts Avenue.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $3,500,000 $3,500,000 First mortgage $4,500,0001 1905 5 g J-J See text. July 1 1935gold ($1,000) unterest at Knickerbocker Trust Co.. N. Y.Receiver's certificates
____ _ __ 6% 460,000 Sep 15,1912Bonds.-No bonds have ____ Issued except for use as collateral
ROAD.-Will comprise from Indianapolis to Newcastle, 44 miles; New-castle to Muncie, 18 miles (for which right of way has been nearly all pur-chased); Newcastle to Richmond, 28 miles. The Indianapolls-Neweastietrunk line, 44 miles, has been completed and is in operation. Power-houseis at Newcastle. Owns 6 passenger cars and 2 freight cars. V. 87, p. 97;V. 88, p. 1499; V. 89, p. 778.
INDIANAPOLIS & CINCINNATI TRACTION CO.Recetvershtp.-In July 1906 Chas, L. Henry was appointed receiver,
owing to the inability of the company to sell its bonds. It is proposed toconvert part of the bonds into pref. stock. The receiver was authorized toissue $900,000 6% receiver's certificates due Aug. 11907. V. 83, p. 37, 95,272; V. 85, p. 221. In Sept. 1909 receivers were auth,rized to issue $900,000new certificates to take up those which fell due in Aug. V. 89, p. 778. Div-idends on pref, stock of leased line have been paid as provided.In Aug. 1910 Receiver Henry applied to the Superior Court at Indian-
apolis for an order authorizing the judicial sale of the property (V.91,P.518).owing to the refusal of holders of $21,000 bonds and $142,305 receiver'scertificates to assent to the reorganization plan. (V. 90, p. 1170.) How-ever, if the non-assenting holders come into the agreement, It is expectedthe plan will go through.ORGANIZATION.-Incorporated in Indiana on Feb. 4 1903. Owns the
entire common stock of the Indianapolis & Southeastern Traction Co., whichIt also leases. Private right of way except in cities and towns. Countyfranchises perpetual. Franchises in cities and towns are for 50 years, exceptin Indianapolis, in which 31 years. Has contract with Indianapolis Traction& Terminal Co.. allowing its cars to enter Indianapolis for 31 years.STOCK AND BONDS- Date, Interest, Outstanding. Maturity
Stock $2,000,000 ($100) _ $2,000,000 First mortgage 84,000,0001 1903 5 g J-J 2.000,000 July 1 1933
gold ($1,000) c•lInt. at Farmers' Loan & Tr. Co., N Y.. TrustBon4s.-$2,000.000 are reserved for extensions and improvements No.
sinking funds, and bonds are not subject to call.EARNINGS.-For calendar year 1909, gross, $192,191; 1908, gross,
$179,117. In 1907, gross, $182,777.ROAD.-Is to operate a double-track road from Indianapolis via Rush-
ville, Connersville and Hamilton. to Cincinnati. Road is now in operationto Connersville, 58 miles. Ten passenger cars and I express car. Uses thesingle-phase alternating current system. 70-lb. T rails. Power-house forthe operation of all lines is located at Rushville.OFFIOERS.-Pret.., Chas. L. Henry: Sec., J. F. Wild: Treas.. John J.
Appel.-V. 85, p. 221; V. 86, p. 668; V. 89, p. 778; V. 90, p. 1170; V. 91,p. 518.
(1) Indianapolis & Southeastern Traction.-A trolley road.ORGANIZATION.-Organized in 1905 as successor, through exchange of
stock, of the Indianapolis Shelbyville & Southeastern Traction Co. Entirecommon stock is owned by the Indianapolis & Cincinnati Traction Co.,which also leases the road for 999 years and guarantees its bonds, and divi-dends on its preferred stock after Oct. 1 1908, when that stock becamecumulative Rental under lease to be 50% of gross receipts, from whichbond interest, taxes and dividends on stock are to be paid. V. 81, p. 668.Franchises are perpetual In Marion and Shelby counties and 50 years nShelbyville. Operates over private right of way with the exception of 354miles. Has 31-year franchise from city of Indianapolis and arrangementwith the Indianapolis Traction & Terminal Co. allowing It entrance into city.STOCK AND BONDS- Date. Interest, Outstanding. Maturity.
Common $600,000 ($100) $600,000 Pref $600,000 see text ($100)- 600,000 See text.First mortgage $1.000,000i 1905 5 g J-J 500,000 July 1 1935
gold ($1,000) guar Int. at Farmers' Loan & Tr. Co.. N.Y.. TrueInd Shelbyv & Southeast lst 1902 5 g J-J 180,000 Jan. 1 1932mtge $500,000 g($1,000) s fl Int. at Amer. Tr. & Say. Bk., Chicago, True.Stock.-Dividends on preferred stock under lease are guaranteed by Indi-
anapolis & Cincinnati Traction Co. as follows: Oct. 1 1906, 2%; April 1 1907154 %; Oct. 1 1907, 154 %; April 1 1908, 2 %; Oct. 1 1908, 270; April 11909 and thereafter, 234 % semi-annually. This stock is redeemable at 105and accrued dividend on any dividend date. See V. 81, p. 1375.Bonds.-Of the $1,000,000 new bt,nds. $500,000 is reserved for prior liens.
The new bonds are subject to call on any interest date at 105 and interest.Of the Indianapolis Shelbyville & Southeastern bonds, the entire issue maybe called on any Interest date at 110. A sinking fund on these bonds of$10.000 per annum commences Jan. 1 1908, for which bonds can be calledat 105, beginning with the lowest number. $20,000 have been retired.EARNINGS.-For calendar year 1909, gross, $214,990; 1908, gross.$200,355; In 1907, gross, $189,621.ROAD-Operates 47 miles of track, connecting Indianapolis with Shelby-
ville and ureensburg. 60-1b. T rails. 10 passenger and 2 express cars.OFFICERS.-Pres., George A. Ball; V.-P., Fred. 0. Gardner; Sec.,
John E. Reed; Treas., J. F. Wild; Gen. Mgr., Chas. L. Henry.-V. 77.p. 230, 1874, 2159; V. 81, p. 668 1375.
IRONWOOD, MICH.TWIN CITY GENERAL ELECTRIC.STOCK AND BONDS-- Date. Interest. Outstanding. Maturity.
Stock $400,000 First mortgage, $200,000,1 1900 5 g A-0 156,000 Oct. 1 1930($1 000) lInterest at Milwaukee Trust Co., Trustee.ROAD -Owns 754 miles of track.OFFICERS.-Pres., Treas. and Gen. Mgr., E. D. Nelson:-Sec., F.L.
Blackhurst; Supt., H. F. Pearce. _ , . _.,
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OCT., 1910.J ELECTRIC RAILWAYS 55
ISHPEMING, MICH.MARQUETTE COUNTY GAS & ELECTRIC CO.-A trolle
y road.
ORGANIZATION.-Incorporated in Maine on Nov. 19 1906 as reor-
ganization of the Marquette County Gas Light & Traction Co., sold under
foreclosure. V. 83, p. 1037. Franchises expire 1936.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $750,000 ($100) ------- $750,000
First mortgage $750,000 gold l 1907 5 g J-J 500,000 Jan 1 1932
($1,000) ant. at First Tr. & Say. Bk., Chicago, Trus.
Bonds.-$205,000 bonds arc reserved for extensions and improvements
and $45,000 are in the treasury. A sinking fund of 2% of bonds out be-
gins in 1912. Bonds arc subject to call on any interest date at 105.
EARNINGS.-For cal. year 1909, gross, $107,914; net, $31,867.
ROAD.-Operates 434 miles of track and also does gas and electric light
business in Negaunee and Ishpeming.OFFICERS.-Pres., John B. Sears; Sec. and Treas.,
John J. Bryant
Jr.. 226 La Salle St., Chicago.-V. 83, p. 1037, 1500.
ITHACA, N. Y.ITHACA STREET RAILWAY.
In May 1907 A. H. Flint & Co. of N. Y. purchased control of road and is
rebuilding (50% completed) entire system in the city. V. 84, p. 1307.
ORGANIZATION.-Chartered Nov. 18 1884. In June 1908 merged
with the Cayuga Lake Electric Ry. and Ithaca So Cayuga Heights Ry.,
which roads were formerly leased. In June 1907 the New York Railroad
Commissioners authorized a new mortgage for $750,000 as below.
Franchises granted May 13 1908 are for 99 years and cover double-tracked
portion of road. Other parts of system private right of way or franchis
perpetual.STOCK AND BONDS- Dat Iterst utstanding. Maturity.
New 1st mtge, $750,000, 1907 5 g J-J 435,000 July 1 1957
gold c• Int. at Carnegie Trust Co., N. Y., Trustee.
First mortgage, $175,000_ _ __ 1892 6 J-J 175,000 July 1 1922
Int, payable at Farmers L. & 'Fr. Co.. N. Y.
Second mortgage, $75,000_ _ _ 1894 6 J-J 75,000 July 1 1922
Cayuga Lake Elm 1st mtge gu. 1894 6 J-D 25,000 June 1 1922
Bonds.-No more bonds of 1907 can be issued except to retire prior liens.
They are subject to call at 107. No sinking fund.
ROAD.-Owns and operates 10.27 miles of track. 3 miles of addi-
tional track Is now being constructed. Rails, 80-lb.REPORT.-For fiscal yea,' ending Juno 30 1910: Gross, $126,912; net,
$39,864; charges, taxes, &r., $29,444: divs., none; surplus, $10,420.OFFICERS.-Pres., A. H. Flint; V.-P., Chas. W. McChesney; Sec. and
Treas.. H. A. Clark.-V. 72, p. 988; V. 84, P. 1307; V. 85. p. 40.
JACKSON, MICH.MICHIGAN UNITED R YS.-A third-rail and trolley system. (See mall
on page 56.)ORGANIZATION.-Incorporated in Michigan on March 31 1906 and
on May 1 1906 took over the Michigan Traction Co., the Michigan Traction
Extension Co., the Jackson & Battle Creek Traction Co., and the Lansing &
Suburban Traction Co. The Lansing & Jackson Railway Co. has also been
deeded to the Michigan Un. Rys. In Oct. 1907 the Lansing So. Ry. was
incorporated as a subsidiary company to build two miles of electric railway
through Mason, Mich. Stock, $50,000.In 1908 consolidated with Jackson Consolidated Traction Co. V. 84, p.
1183, and V. 87 p. 285. Latter company's franchises In Jackson expire
In 1960. The city of Jackson has the right to purchase the Jack. Cons.
Trac. at an appraised value in 1930 and each 5 years thereafter.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $6,000,000 ($100) $6,000,000
Pref $1,000,000 ($100) 6 % cu_ 1,000,000 See text.
1st & ref'g mtge $12,500,0001 1906 5 g M-N 4,395,000 May 1 1936
gold ($1,000. $500, $250, }Int. at Knickerbocker Tr.Co., N.Y., trustee,$100 and $50) c&r1 or Nat. Provincial Bk. of Eng.. London.
Mich Tract 1st mtge 1901 5 g J-J 700,000 June 1 1921$700,000 ($1,000) gold_ _eel Interest at New York Trust Co.. Trustee,
Michigan Trac eat first mtgci 1903 5 g J-D 500,000 Dec. 1 1923$500,000 ($1,000) gold_ _cl Int. at Knickerbocker Tr. Co., N. Y., Trust.
Jackson & Battle Creek first) 1903 5 g J-J 1,200,000 Jan. 1 1923
mortgage, $1,200,000 ($1,-interest at Citizens' Savings 6: Trust Co..000) gold _01 Cleve., Trustee, or First Nat. Bk.. N. Y.
Jackson Consol Trac 1st mtgel 1904 5 g M-N 790,000 May I 1934
$1,000,000 gold ($100, $500 }Interest at Guardian Trust Co., New York,
and $1,000) c• J Trustee.Bonds.-Of the $12,500,000 1st & ref. bor,ds, $3,190,000 are reserved
for prior liens now outstanding, $1,500,000 for construction or purchase
of additional lines, $3,415.000 reserved for additions, betterments and
improvements. Are subject to call after May 1 1916 at 110. V. 82.
p. 1157. See also V. 87, p. 167, 285; V. 88, p. 1437. Bonds are listed in
London. V. 90, p. 914. The Jackson Consol. Trac. Co. bonds are subject
to call on any Int. date at 105. They are guar., p. & I., by Mich. Un. Rys.
On the Michigan Traction Co. bonds a sinking fund of 5 % of gross earn-ings commenced in 1003, to be used in buying bonds at not to exceed 110;
otherwise to be invested in other standard securities. V. 72, p. 391:$44,000 of bonds now held in sinking fund.The Jackson & Battle Creek bonds are subject to call in any amount
after 10 years at 105 and interest. V. 75, p. 1147.Dividends.-6% is being paid on pref. stock.EARNINGS.-Including Jackson Consolidated Traction Co.:Years ending April 30- 1909-10. 1908-09. 1907-08.
Surplus $203,937 $152,748 $158,876Passengers carried in 1909-10, 19,860,950, against 17,161,048 in 1908-09.
ROAD.-Operates all city lines In Jackson, Battle Creek, Kalamazoo
and Lansing and interurban lines between Jackson, Battle Creek and Kala-
mazoo, and between Jackson, Lansing and St. Johns, and from Jackson to
Grass Lake and Wolf Lake; total operated, 230 miles. Through service
between Jackson and Lansing began in Nov. 1909. An extension of the
Pine Lake line from Lansing to Owosso (25 miles) Is under construction
by allied Interests.OFFICERS.-Chm. of Board, Geo. G. Moore, Detroit; Pres., Myr
on
W. Mills, Port Iluron; 1st V.-P., J. R. Elliott, Portland, Ore.; 2d V.-P.,
J. P. Clark, New York; 3d V.-P. & Gen. Mgr., A. W. McLymont. Jackson
Sec. & Treas., R. Nforrlson, Jackson; General offices, Jackson, Mich.-
V.82, p. 805, 987, 1157; V. 84, p. 1183; V. 85, p. 722; V. 87, p.97,167, 282,
285; V. 88, p. 295, 1437; V. 90, p. 106, 914.
JACKSON, MISS.EDWARDS HOTEL & ern, RAILROAD CO.ORGANIZATION.- I ncorporated July 19 1870 under a special charter
granted by the Legislature of Mississippi for unlimited number of years.In 1008 purchased the Jackson Electric Ry. Light 63 Power Co.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $40,000 __ $40,000Mortgage $1,000 .11(11) _ _ _ _ . e 1998 5 J -.I 390.1)00 Jan 1 1938Bonds.-$300,000 were Issued to retire Jackson Elec. Ry. Lt. & Pow.
Co.'s bonds; $700,000 reserved for betterments and additions. Cannot
.be called.It()A D.-Operates 12 miles of track.OFFICERS.-Pres., F. G. Jones; V.-P., Ben. H. Wells; Sec. and Treas.,
S. T. Carnes; Gen. Mgr., Jack Abbott.
JACKSON, TENN.JACKSON RAILWAY & LIGHT CO.ORGANIZATION.-Incorporated In Tennessee in July 1906, and is sue
cessor to the Jackson & Suburban Street Railroad Co. Franchise expires
in 1037. Also owns a park of 15 acres. Does lighting and power business
in addition to street railway.STOCK AND BONDS- Date. Interest. Outstanding. MaturttY.
Stock $600,000 ($100) _ ------ $600,000
1st mtge $600,000 ($1,000)1 1906 5 g J-J 500.000 Jan 1 1937
No s f. Redeem at 105_01Columbla Trust Co.. Louisville, Trustee.
EARNINGS.-For calendar year 1909, gross, ;71,742; net, $26,971
fixed charges, $24,985; surplus, $1,986.ROAD.-Operates 934 miles of track. 60-1b. rall. Completed a modern
power plant in 1907.OFFICERS.-Pres., Harry Welssinger; V.-P. and Gen. Mgr., S. S. Bush;
Sec. and Treas.. Geo, W. Lewis, all of Louisville, Ky.-V. 83. p. 95.
JACKSONVILLE, FLA.JACKSONVILLE ELECTRIC CO.-Trolley.
ORGANIZATION.-Incorporated In Florida in 1902 and is a consolida-tion of the Jacksonville Street Ry. Co., the Main Street RR. Co. and theJacksonville Electric Light Co.; railway franchise expires in 1932; lightingfranchise expires In 1911. Does practically the entire electric railway anda portion of electric-lighting business of Jacksonville. $350.000 corn, stockis held by the Public Service Investment Co.On Jan. 6 1908 purchased at foreclosure sale the North Jacksonville Street
Railway Town & Improvement Co. for $70,000. See V. 86, p. 421.On Aug. 16 1909 stockholders voted on increasing stock from $1,100,-
000 to $1,500,000 by issuing $200,000 each of preferred and common.STOCK AND BONDS- Date. Interest. Outstanding. MaturUy.
Notes payable July 31 1910 80,000 Stock and Bonds.-Pref, stock is redeemable at 120. Bonds are subject
to call as a whole at 105 and interest on any interest date. A sinking fundof 1% annually of bonds outstanding commenced May 1 1907. which maybe used either for extensions and improvements or in the purchase of bonds.The preferred stock is redeemable at 120.
Dividends.-The first dividend on preferred of 3 % was paid Feb. 1 1903;and the same amount paid each six months since then. First div. on com-mon stock (2%) was paid Feb. 1 1905; Aug. 1 1905 (V. 81, p. 211). 3%.From 1906 to 1909 inclusive 6% per ann. In 1910, Feb., 3%; Aug., 3 34%.
EARNINGS.-For the 12 months ending Dec. 31 1909, gross,5486,778;net, $217,582; Int. and taxes, $99,886; improv. fund, $12,980; dividends.$65,604; surplus, $39,112.ROAD.-Operates 40.4 miles of track. Has 70 cars. Rails, 40 to 70
lbs. Gauge, 5 ft.OFFICERS.-Pres., Geo. J. Baldwin, Savannah, Ga.: 1st V.-P., Chas. F.
Wallace; 2d. V.-P., Harry II. Hunt; Treas., Henry B. Sawyer; Sec., AlvahK. Todd; Mgr., Hardy Croom, Jacksonville, Fla.: Gen. Mgrs. and TransferAgts., Stone & Webster, Boston.-V. 86, p. 421; V. 89, p. 348; V. 91, p. 38.
JAMESTOWN, N. Y.JAMESTOWN STREET RAILWAY.-Trolley.
ORGANIZATION.-Incorporated Oct. 181883. Franchise runs till 1982.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $250,000 (par $50) $100,000 1st mortgage $300.000 gold') 1893 6 g J-J 300.000 Jan 2 1923
($1,000) c*JInterest payable at Morton Trust Co., Trus.
Current liabilities June 30 1908 729,710 EARNINGS.-For year ending June 30 1909, gross, $186,511; net, $69,-
653; other income, $10,431; charges, $61,702; surplus, $18.382.ROAD.-Owns 24.643 miles of track, 55 cars, 2 sweepers.
OFFICERS.-Pres., A. N. Broadhead; V.-P., L. B. Warner; Sec. and
Treas., S. B. Broadhead; Gen. Mgr., G. E. Maltby, all of Jamestown.
CHAUTAUQUA TRACTION CO.-A trolley road.ORGANIZATION.-Incorporated in New York on March 7 1903. Is
controlled by the same interests as the Jamestown Street Ry.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
($1,000) cfInt. at Title Guar. & Tr. Co., N. Y., Trustee.
Current liabilities June 30 1910 731,176 Bonds.-$100,000 are reserved for extensions, &c. No sinking fund and
are not sublect to call.EARNINGS.-For year ending March 31 1910, gross, $127,918; net.
$61,919; Int. & taxes, $53,734; surplus, $8,185.
ROAD.-Operates 26.73 miles of track from Lakewood, where connec-
tion is made with the Jamestown St. Ry., to Mayville. there connecting
with the Pennsylvania RR., and to Westfield, N. Y., connecting there with
the Lake Shore & Mich. So. and the N. Y. Chicago & St. Louis Ry., and
from Westfield to Barcelona-on-lake Erie. Standard gauge; 80-lb. T rail.
OFFICERS.-Pres., A. N. Broadhead; V.-P., Wm. Broadhead; Treas.
S. B. Broadhead; Sec., W. R. Reynolds; Mgr., Geo. E. Maltby; Supt.
Austin A. Harvey.
JERSEY CITY, N. J.PUBLIC SERVICE CORPORATION.See statement and maps under "Newark, N. J."
JOLIET, ILL.CHICAGO JOLIET & ST. LOUIS ELECTRIC RY.ORGANIZATION.-Incorporated in Illinois in Dec. 1909. Controls
and operates the Joliet & Southern Traction Co.; the Bloomington Pontiac
& Joliet Electric By. and the Chicago Joliet & Central Illinois RR. Stock.
$7,000,000. In Jan. 1910 was placing at par.with a stock bonus of 25% 111
Its stock, first mtge. bonds of the Joliet & Southern and Bloomington Pon-
tiac & Joliet Electric (V. 90, p.
236). Guarantees bonds of Joliet dc
Southern and Bloomington Pontiac & Joliet principal and interest.
ROAD,--When completed system will aggregate 226 miles of main line,
and will extend from Chicago south to Bloomington, connecting there with
Illinois Traction System for St. Louis, with line from Aurora via Joliet to
Hammond.OFFICERS.-Pres., H. A. Fisher; V.-Ps., S. A. Spry and John M. Ray-
mond; Sec., John K. Newhall; Treas., L. D. Fisher; Gen. Mgr., F. E.
Fisher. V. 90, p. 238.
(1) Joliet & Southern Traction Co.ORGANIZATION.-In January 1907 purchased the Joliet Plainfield &
Aurora RR., which It now operates.STOCK AND BONDS- Date. Interest. Outstanding. Maturity
Stock, $1,500,000 ($100) $1,500,000 1st mtge, $1,500,000, gold 1907 5 g F-A 1,211,400 See text.($100. $500 and $1,000) _c• Int. at Amer. Tr. & Say. Bk., Chic., Trustee.
Jol P & A RR $400,000, gold 1903 5 g F-A 397,000 Aug 1 1938($1,000) cs&r Int. at Amer. Tr. & Say. Bk., Chic., Trustee.BONDS.-First mtge. bonds mature serially ending 1942. They are
subject to call at 105 and Int. on any int. day after 1912. Guar. p. & I. by
Chicago Joliet dc St.Louls. $400,000 are reserved to retire the Joliet Plain-
field & Aurora RR. bonds. The latter are subject to call on any int.date
after 10 years at 105 and int.; a sink, fund of 2% of gross earns. began Aug. 1
1909, but at least $3,000 yearly 1909 to 1929; thereafter $4,000 yearly
$3,000 have been retired.EARNINGS.-For calendar year 1909, gross, $140,558; net. $42,184.
ROAD.-Operates 45 miles of track between Joliet and Aurora and Joliet
and Chicago Heights and 2 miles of track in Joliet. Is constructing 5 miles
additional track in Joliet. It is proposed to extend road from Chicago
Heights to Hammond, 14 miles. Forms a connecting link between Chicago
& Joliet Elec. and Aurora Elgin & Chic. RR. Has independent entrance
and terminal at Joliet, and with a sub-station of its own is getting Its power
from the Economy Co. Has a long-time contract for use of terminals at
Aurora. 60-1b. T rail, standard gauge.OFFICERS.-Pres., H. A. Fisher; V.-P., John M. Raymond; Sec.,
J. K. Newhall; Treas., L. D. Fisher.-V. 85, p. 722, 1005.
(2) Bloomington Pontiac & Joliet Electric Ry.-A trolley road.
ORGANIZATION.-Incorporated in 1903. Private right of way except
in cities, where franchises run 50 years.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $2,500,000 ($100) _ $300,000 1st mortgage, $2,500,000,1 1905 5 g M-S 480,000 Sept 1 1935g ($100, WO and $1,000), JInt. at Amer. Tr. & Say. Bk., Chic., Trustee.BONDS.-Subject to call at 105 and Int. on any int. date. No sink. fund.
Guar. p. & I. by Chicago Joliet & St. Louts Electric Ry. V. 90, p. 235.
ROAD.-Has under construction a line to connect the points named inthe title, of which 20 miles, between Pontiac and Dwight, lain operation.10 more miles from Pontiac to Chenoa is about 45% completed.
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Divs. on pref. stock (5%)
OFFICERS.-Pres., H. A. Fisher; V.-P., D. S. Meyers; Treas., L. D.Fisher; Sec., John K. Newhall; Gen. Mgr., F. E. Fisher.-V. 85, P. 1004.V. 90. p. 235.(3) Chicago Joliet & Central Illinois RR.Projected to extend from Chicago (terminus of Metropolitan Elevated
at Fifth Ave. and Jackson Boulevard) to Joliet.
KANSAS CITY, MO.•KANSAS CITY RAILWAY & LIGHT CO.-(See map on page 58.)ORGANIZATION.-Incorporated in 1903 in New Jersey and has ac-
quired the entire outstanding capital stock of the Metropolitan Street Rail-way of Kansas City and the Kansas City Electric Light Co. (Plan in V76, p. 1143.) Through Metropolitan Street Railway stock, the Kansas CityRailway do Light Co. acquired the stock of the Central Electric RailwayCo. and practically all of the stock of the Kansas City Elevated RailwayCo., and, through the stock of the Kansas City Electric Light Co., it ac-quired the stock of the Edison Electric Light & Power Co. (of KansasCity). the Consolidated Electric Light 46 Power Co. the Standard ElectricLight Co. and the Kansas City Electrical Wire Subway Company-except,of course, in each Instance the qualification shares held by directorsControls all the street railway, electric-lighting and power business in citiesof Kansas City, Mo. and Kansas City, Kan.Owns entire stock of the Kansas City & Westport Belt By. (a steam
road, since converted to electricity), which on June 16 1906 absorbed theInterurban South Side By., both having perpetual charters and being or-ganized under te General Railroad Law of Missouri; also acquired capitalstock of the Kansas City Heating Co., having a franchise which expiresin1935. This last distributes steam in the business centre of the city.
Street Railway Franchises.-The franchises of the railway lines In KansasCity, Mo.. in which city the greater part of system is located, were revisedand confirmed in July 1902 and franchises granted for extensions and valu-able trackage rights in newly populated portions of the shopping anddelivery districts, all of which franchises are operative to the uniform dateof June 11925. The railway franchises in Kansas City, Kan., in Dec. 1902were renewed, and authority was given to build extensions, all for themaximum period for which the city had power to grant the same, namelyto Dec. 19 1922. By the terms of the franchises the rate of fare is definitelyAxed at 5 cents, transfer privileges are provided, and the taxes practicallylimited to 8 % of the annual gross receipts.
Electric Light Franchise.-The franchise of the Kansas City Electric LightCo. Is perpetual.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, *12,500,000$9,543,080Pref., 5 % n. c., $12,500,000. 5 Q-M 9,407,500 Sept '10 1 X %let lien refund. M., $20,000,-1 1903 5 g M-N15 10,220,000 May 15, 1913000 gold cs dor New York Trust Co., N. Y., and Henry C.
Fowler, Trus. Int. at Co.'s agency N. Y.or Kansas City.
Underlying Liens.Corrigan Con. St. By. 1st 1886 5 g J-J 306,000 July 1 1918M. ($1,000) g., red. at 1105Int. at Central Trust Co., N. Y. Trustee.
K. C. Cable 1st M., ext. In) 1887 5 g A-0 1,030,000 Apr. 1 1911gold, 1897, guar. p. & I., Int. Is payable in N. Y. by Blair do Co. andext. In 1901; red. at 102 X Jin Boston by New Eng. Tr. Co., Trustee.Summit Street M., old 60 1887 5 A-0 300,000 Apr. 1 1911ext. in 1897 and again in Redeemable at 1025,6 at any time.1901
Metropolitan St. By. con.) 1895 5 g M-N 5,843 000 May 1 1913mortgage S8.500,000Xnt. at Old Colony Trust, Trustee. Boston.gold ($1,000) c*dcrj Interest diso payable in New York.
Cent, Elec. Ry. 1st mort., 1899 5 g M. N 2,000,000 May 1 1913$2,500,000 ($1,000) gold, interest at Trust Co. of Am., N. Y., Trusteeguar c• Bonds may be called at 105 on any interest
day on 30 days' notice.1901 5 g J-.1 250,000 July 1 1911
East Side Elec. By. 1st M., Int. at Trust Co. of Am. N. Y., Trustee.$250,000 gold ($1,000). Wm. Huttig of Kansas City Is also Trustee.not guar c• No s. f., but may be called at par at any
1 interest date.
Controlled Companies.
Kansas City Elevated By.let M. pref. ($600000)g. ($1,000) guar. p. & 1. c• 1892 8 g J-J $800 000 July 1 1922
2d M. gen'i ($2 000,000)1 1892 4 g J-J 2,000,000 July 1 1922g. ($1,000) guar. p. & 1.c*JInterest at Manhattan Trust Co., N. Y.
Kan. C. & Westp. 1st M.,$500,000, gold, guar.} 1908 5 g J-J 500,000 July 1 192801,000) Interest at N. Y. Trust Co., N. Y., Trustee.Bonds.-01 the new $20,000,000 mortgage of the Kansas City Ry. & Light
Co., $9,780,000 are reserved for underlying liens. These bonds are bothcoupon and registered, the coupon bonds being in denomination of $1,000and the registered bonds in denominations of $1,000, $10,000 and $50,000The new bonds are redeemable at 105 and int. on any Int. date. The Metro-politan St. By., the Kan. City Elec. Lt. Co. and the Cent. Elec. By. In May1903 made mtge. notes aggregating $10,500,000, which are deposited ascollateral under the new Kansas City By & Light Co. mortgage; the sharecapital acquired of the Kansas City Elec. Light Co and the MetropolitanStreet By. has also been so deposited.
Notes of 1907 consist of $4.125,000 series "A" and $1.375,000 series "B."They are redeemable on 8 weeks' notice on any Int. date at 100 and ac-crued interest. They are secured by pledge of $5,500,000 notes ofMetropol. St. liy., $1,000,000 notes of Kan. City Elec. Light Co. and $2,-695,000 corn. and $2,977,900 pref. stock of the Kan. City By. & Lt. Co., andsuch securities of subsidiary companies as are pledged under the indentureof May 15 1903, securing the 1st lien ref. gold bonds. The series "A" notesare convertible at option of holder into 6 M shares of corn, and 7 shares ofpref. stock. V. 85, p. 284; V. 85, p. 469; V. 86, p. 285. $22,000 of Ser."A" notes are in treasury.
Metropolitan consol. mtge. for $8,500,000 fell duo May 1 1910 but wasextended for 3 years to May 1 1913 and new bonds offered in exchange forold bonds. See V. 90, p. 1045. Mtge. Is closed and limited to $7,500,000.Remaining bonds are reserved to retire Corrigan and Kansas City Cableissues described In table above. V. 90, p. 1044, 1363. Not subject to call.The Kansas City Cable and Summit Street mtges. fell due April 1 1901, butwere extended by endorsement for 10 years.The Kansas City Cable By. 5% bonds due In 1911 are guaranteed prin.
and Int. by end by the Metropolitan St. By. 'rhe bonds of the K. C. &Westport By. ace guar. prin. and int. by the Kansas City By. do Light Co.and are subject to call on any interest date at 105 and int. on 90 days noticeKansas City Elevated Ry. 1st M. preference 65 are guaranteed, principal
and interest, by endorsement by the Metropolitan Street By.; so are the2d M. general 44. The guaranty on the latter was 3 % per annum untilJuly 1895 and since then 4%, For form of guaranty, see V.73, p. 1160.Dividends.-First dividend, 1 % on preferred stock, was paid on June
1 1904 and 1 Jf % quarterly since then to and including Sept. 1 1910.REPORT.-For years ending May 31. Passengers carried for revenue
In 1909-10, 111,171,548; transfers, 47,280,535. Report for 1909-10 inV.91, p. 714, 790.0 1908.Gross earnings 1,41$ 1910. 1909. $7,161,042 $6,627,977 $6,070,117
Operating expenses 4,153,250 3,766,788 3,228,174lir NI -.A4
Net earnings $3,007,792 $2,861,189 $2,841,943Miscellaneous income 17,399 1,218 105,680
Total $3,025,191Deduct: Accountants' adjustments
Total net earnings $3,025,191Fixed and other charges 2,157,962
Surplus $867,229470,375
$2,862,407 $2,947,62323,918
$2,862,407 $2,923,7052,105,780 2,070,577
$756,627 $853,128470,375 470,353
Balance $396,854 $286,252 $382,775
ROAD.-Comprises 130.4 miles of road and 249.7 miles of track. Light-ingi(May 31 1910) equivalent to 854.296 16-candle-power incandescentlamps.
OFFICERS.-Pres., John M. Egan; V.-P., Frank Hagerman; Treas.W. E. Kirkpatrick; Sec. and Asst. Treas., J. A. Harder; Aud., C. F. Cole.-V. 83, p. 272, 319, 1470; V. 84, p. 1551; V. 85, p. 284, 339, 469, 531, 600V. 86, p. 185, 1529, 1589; V. 87, p. 37, 810, 1605; V. 89, p. 1347; 1597, 1668V. 90, p. 1044, 1363; V. 91, p. 589, 714, 790.
KANSAS CITY-WESTERN RAI LWA Y.-A trolley road.Formerly the Kansas City-Leavenworth Railroad and name changed to
Kansas City-Western By. Has long-time franchises in territory served.Voting Trust.-Stock is in a voting trust, trustees being Charles L. Pack,
Walton H. Holmes and Harvey E. Fisk.STOCK AND BONDS- Date. Interest. Outstanding. Maturity
Stock. $2,000,000 ($100) _ $2.000.000 1st ref mtge $5,000,000 gold) 1905 5 g M-S 1,650,000 Sept 1 1925(coup, $1,000; r, $1,000, }Interest at Standard Trust Co., New York$5,000, $10,000) ______ I trustee.Stock and Bonds.-$1 ,400,000 of bonds were issued to refund alike amount
of bonds outstanding of old company, all but $42,000 of which have beenretired, $100,000 for general corporate purposes and $150,000 for Improve-ments; remaining $3,350,000 to be issued for acquisitions, extensions andImprovements under customary restrictions. Entire outstanding issue Isred. on any int. date at 105 and int. V. 89, p. 1483.REPORT.-For year ending June 30 1910: Gross, $362,495; net (after
taxes). $130,426, fixed charges, $82,500; surplus, $47,926. In 1909, gross,$349,355; net (after taxes), $129,686; fixed charges, $82,441; sur., $47,245.ROAD.-Owns and operates 43.53 miles of road, of Witch about 18 miles
are within the city of Leavenworth and 25 $4 miles between Ft. Leavenworthand Kansas City, Kan. Enters Kansas City, Mo., over tracks of the KansasCity Viaduct & Terminal Ry., which owns and operates a steel and con-crete viaduct connecting Kansas City, Kan., with Kansas City, Mo. Hassecond entrance into Kansas City over tracks of the Metropolitan Street By.OFFICERS.-C. F. Holmes, Pres.; C. F. Ilutehings, V. P. and Gen. At-
torney; S. D. Hutchings, Sec. and Treas.; J. W. Richardson, Gen. Supt.;W. M. Bonar, Aud. General office, Leavenworth, Kan.-V. 89, p. 1483;V. 90, p. 110, 368.
MISSOURI & KANSAS INTERURBAN RY.ORGANIZATION.-Incorporated In Kansas. In 1909receiver appoint-
ed the previous year was discharged, and old company resumed control.V. 86, p. 1467; V. 89, p. 1281. Motive power changed from Strang gasolinecars to electricity in 1908. V. 87, p. 614. Has private right of way,except in cities and towns.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock, $1,000 000 ($100) $1,000,0001st mortgage $600,000 gold) 1906 5 g J-J 600,000 Jan 1 1956($1,000) cj Interest at St. Louis Union Tr. Co. trustee.ROAD.-Operates twenty miles of road, from Kansas City through or
near Rosedale, South Park Merriam and Lenexa to Olathe. EntersKansas City over tracks of the Metropolitan Street By. 70-lbrails. Has14 cars, including passenger and freight.OFFICERS.-Pres., W. B. Strang; V.-P., A. F. Hunt Jr.; Sec. & Treas.,
W. A. McLaughlin; Gen. Mgr., Thos. Riley. V. 87, p. 614; V. 89, p. 1281.
KENNETT, PA.WEST CHESTER KENNETT & WILMINGTON ELECTRIC RY.ORGANIZATION.-Incorporated In Pennsylvania on May 24 1905.
and is a reorganization of a company of the same name sold under foreclosureIn April 1905. On Feb. 26 1908 absorbed the formerly controlled OxfordWest Grove & Avondale St. Ry., which is building the extension fromAvondale to Oxford. See V. 86, n. 670.
STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.Common $925.000 _ _ _ _ $525,000 Fret ($75,000) 6% non-cum 75,000 let mtge *1,000,000 gold) 1905 5 g J-D 420,000 June 1 1935($500 and $1.000) ej Int. at Intcg. T. I. Tr. ec S. D.Co..EARNINGS.-For year ending Dec. 31 1908, gross, $54,196; net. $15.-
804; in 1907, gross, $56,309; net after taxes. $11.785-ROAD.-About 20 miles of track between West Grove, Avondale, Ken-
nett Square and Wilmington, connecting at Kennett for West Chester.The extension from Avondale to Oxford, 1234 miles, has been completed asfar as West Grove. and is in operation to that point. Gauge, 5 ft. 23( n.60 and 70-1b. T and girder rail.OFFICERS.-Pres., Geo. Kessler, Phila.; V.-P., Clarence L. Harper,
Phila.; Sec. and Treas., Philip E. Guckes, Phila.; Supt., H. Baluss, KennettSquare Pa.-V. 80. D. 1080 1176 1730' V. 86 D. 670.
In Jan. 1909 the Investment Registry Co. of London, Eng., took over themanagement, having purchased control from A. C. Frost. V. 88, p. 101.ORGANIZATION.-Franchise is for fifty years from June 2 1902. In
May 1907 filed a certificate increasing capital to $1,000,000. V.84, p. 1052.
STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.Stock $1,000,000 ($100) _ $500,000 First mortgage 31,000-.0001 1907 5-g A:0 500,000 April 1 1927($1,000) gold IWestern Trust & Sayings Bank and W11-
Uoughby G. Walling, Chicago, trustees.ROAD.-Operates 4.1 miles of track in Kenosha and to North and South
Kenosha.-V. 81. p. 1492; V. 84, p. 1052.
KEOKUK, IA.KEOKUK ELECTRIC RY. & POWER CO -A trolley road.ORGANIZATION-Incorporated in 1900 as a consolidation of the street.
railway and electric-light Interests in Keokuk. Also operates electric-lightand power plants. In May 1906 arc-lighting contract was extended 5 years.
1st mortgage, $250,000($500)1 1900 5 g J-J 213,500 See textgold lint. at Cent. Trust Co. of Ill., Chic.,Trustee.Bonds.-Of the first mortgage. $125,000 are due July 1 1925, the re-
maining $125,000 mature in annual installments, varying flora $5,009 to$9,000 yearly, on July 1, from 1907 to 1924 Inclusive. $36,500 had ma-tured up to July 1910. Are red. at option of company at 105 and int.See V. 71, p. 182.ROAD.-Owns and operates 8 miles of track and has contract with city
for supplying 186 arc street lights at $60 per light per annum for 5 years nonMay 10
-Pres. and Man., A. D. Ayres; Sec. and Treas., A. D.Lundy.-V. 71, p. 182; V. 83, p. 687.
KEWANEE, ILL.GALESBURG & KEWANEE ELECTRIC RY.
ORGANIZATION.-Incorporated May 1902. Is a reorganization ofthe Galesburg & Oneida Elec. By. Co.
STOCK AND BONDS- Dale. Interest. Outstanding. Maturity.Common, $200,000 ($100) $200,000Pref., $400,000 ($100) 8% cum 110,300First mtge, $400,000, ($500 &I 1906 5 g J.-J 400,000 July 2 1926$1,000) -g c&rj Int. at Amer. Tr.& Say Bk., Chic., trustee.Bonds.-Are redeemable on any interest day until July 2 1911 at 105 and
mt.; thereafter at par and interest. No sinking fund.EARNINGS.-For 12 mos. ending June 30 1909, gross. $66,221; net.
$26,735; Interest, taxes and misc., $24,025; surplus, $2.710.
ROAD.-Has city line In Kewanee & Wethersfield, and interurbanbetween Kewanee and Galva. Total track operated 14 miles. 70-30-11).T and girder rails. Gauge 4 ft. 834 In.OFFICERS.-Pres., W. H. Lyman; V.-P., H. W. Crane: Sea. di Treas..
F. M. Lay; Gen. Mgr., R. H. Hayward.
KEYPORT, N. J.JERSEY CENTRAL TRACT ION CO.-Trolley.ORGANIZATION.-This was formerly known as the Keyport & Matti-
wan Street RR., a horse line, but has been operated as an electric railwaysince July 1901, and name changed as above on Oct. 4 1901. Company ownsfranchises for the carrying of freight and transports brick, gravel, &c., forlocal industries.
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Company also owns 465 of the 500 shares of stock and all of the bonds ofthe Middlesex & Monmouth Electric Light, Heat & Power Co.. which fur-nishes light to Keyport. Matawan and South Amboy.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $1,500,000_ $1,500 000 1st mortgage $750,000 gold 1901 5 g M-N 750,000 Nov 1 1931($500 and $1,000) Interest at Colonial Trust Co., Phila., trustee.
Gen. mtge. 11.500,000 gold 1904 IS g J-D 750,000 Dec 1 1954($1,000) _c* Int. at Fidelity Trust Co., Newark, trustee.Bonds.-Of the $1,500,000 new bonds, $750,000 are reserved to retire
the first 5s. The new bonds are redeemable at 105 and int. Dec. 1 1914or any interest period thereafter. Of the $750,000 1st mtge. bonds, $445,500were held in Sept. 1910 ready for exchange into gen. mtge. bonds.REPORT.-For calendar year 1909 (incl. Mid. & Mon. Elec. Light,
gross, $180,424; net, $83,278. In 1908, gross, $154,080; net, $59,511-In 1907, gross, $125,944; net, $15,124.ROAD.-Owns and operates 36 miles of road from South Amboy, Key-
port and Bellford to Red Bank; Beliford through Atlantic Highlands toHighland Beach; Freneau through Matawan to Kcyport, N. J. Standard
• gauge 60-1b. T and 70-1b. girder rails. Nearly all over private right of way.25 passenger cars, 2 electric locomotives, 24 freight cars. An extensionfrom South Amboy through Mechanicsville and over the Raritan Riverbridge to Perth Amboy was completed in 1910.OFFICERS.-Pres., Jas. H. Morris, Land Title Bldg., Phila.; See. and
Treas., J. B. Livingston, Keyport, N. J.; Asst. Sec. and Treas.. W. U.Moyer, Land Title Bldg., Phila.-V. 76, p. 1300.
KEY WEST, FLA.KEY WEST ELECTRIC CO.-A trolley road.
ORGANIZATION.-Incorporated in New Jersey in 1898 and does entireelectric-light and power business in addition to entire street railway businessof the city 7 also owns franchise for manufacture of gas. Franchises are for99 years from 1898. In June 1904 acquired the Key West Flectric Light& Power Co. V. 78, p. 2334. In June 1906 was acquired by Stone &Webster of Boston and re-capitalized as below. V. 82, p. 1496.
STOCK AND BONDS- Date, Interest. Outstanding. Maturity.Common $500,000 ($100)_ $435,000 Pref $230,000 (51OO) 6% n-c_ 230 000 First mortgage 51,000,0001 1906 5 g F-A 450,000 Aug 1 1956
gold (Interest at State Street Tr. Co.. Boston, Tr.Bonds.-Are subject to call as a whole at 105 and interest at any time
Sink, fund of 1% of bonds out began Dec. 11907, If earned; on Dec.1 1912becomes obligatory. Preferred stock is redeemable at par.ROAD.-Operates 5.1 miles of track; 60-lb. steel rails; 9 cars. Gauge
5 ft. 2 A in.OFFICERS.-Pres., George J. Baldwin, Savannah; 1st V.-P., Charles
F. Wallace; 2d V.-P., Wilbur A. Carter; Sec., Alvah K. Todd; Treas.,lIenry B. Sawyer; Mgr., S. B. Tuell, Key West, Fla.; Gen. Mgrs., Stone &Webster, 147 Milk Street, Boston.-V. 82, p. 1406.
KINGSTON, N. Y.KINGSTON CONSOLIDATED RR.Change in Control.-In 1909 control passed Into hands of Fred. T. Ley
& Co. of Springfield. Mass., general contractors, and others. V. 88, p. 1437.ORGANIZATION.-This is a consolidation on Dec. 11 1901 of the Kings-
ton City RR. and the Colonial City Traction. On Dec. 18 1909 the PublicSer. Comm. authorized a new mtge. for $250,000 to be used to take care ofadditions, paving, &c. V. 89, p. 529; V. 90, p. 303. Is reconstructingits entire roadbed and paving between tracks.STOCIC AND BONDS- Date. Interest. Outstanding. Maturity.
Common, 1200,000 (3100)1200,000 Preferred, 4 % cum $200,000_ _ _ 200 000 Aug '08, 2%First consolidated mortgagef 1901 5 g J-J 534.000 Oct. 9 1951$700,000 (51,000) wold__OlInt. at Manhattan Trust Co., N. V.. Trustee
Second mortgage, $250,0001 1909 5 J-J none Jan 1 1939($1,000) lint. at Manhattan Tr. Co., N. Y., trustee.Kingston City PR.-
Consol $150,000 ($1,000) not' 1893 5 M-S 150,000 Mch. 1 1923subject to call before mat'yl Int. at Farmers' Loan & Trust Co. N. Y.
Bond and mortgare 5 guar. 6,000 On demandBonds.-$156,000 of the $700,000 consolidated mortgage is reserved to re-
tire the Kingston City RR. underlying liens; $10,000 have been canceled.Dividends.-4% has been paid yearly on preferred stock since consoli-
dation up to 1908, when 2% was paid August 1. None since.ROAD.-Embraces 8 miles of track. Rails, 70, 80 and 90-lb. 40 cars,
3 snow-plows.REPORT.-For year ending June 30 1910, gross, 8153,507; net, $70,798;
interest and taxes, $41,613; other deductions, $1,001; surplus, $28,184.OFFICERS.-Pres., Fred T. Ley, Springfield, Mass.; V.-P., henry C.
Page, Worcester, Mass.; Sec., Aug. J. Phillips, Kingston; Treas., Abm. Has-brouck, New York; Supt., G B. te Bow, Kingston.-V. 73, p. 1160; V. 89,p. 225, 529; V. 90, p. 303.
KITTANNING, PA.KITTANNING & LEECIIBURG RAILWAYS CO.-A trolley road.ORGANIZATION.-Incorporated in Pennsylvania on May 26 190.1 and
Is a consolidation of the Kittanning & Leechburg Ry., the Kittanning &Ford City Street Ry. the West Kittanning Street Ry. and the Kittanning& Mosgrovc Street Ry. Street railway franchises had, in 1010, from 86 to92 years to run; electric light franchises, unlimited. Also owns and controlsthe stock of the Kittanning Electric Light Co., which owns the Manor, Light,Heat & Power Co. and the Ford City Power Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $500.000($50) $500 000 First mortgage $750,000 gold' 1904 5 g J-J 27,500 1934($1,000) Cl Int. at Union Trust Co.. Pittsburgh, Trustee
Loans payable Dec. 31 1909_ _ 250,000 Bonds.-$27,500 bonds of 1904 arc reserved to retireallice amountof bonds
of the Kittanning & Ford City. Subject to call after 5 years at 105. Ofthe new 1st mtge. of 1910, $28,000 are reserved to retire $27,500 priorbonds and $95,000 for extensions and improvements. Redeemable all orany part after March 1 1915 at 105 and Int. Sinking fund 10% of grossearnings, half for payment of bonds and half for extensions and bettermentsor payments of bonds. V. 91, p. 94.EARNINGS.-For fiscal year ending June 30 1909, gross, $70,451; net,
$31,759.ROAD.-Operates 12 miles of track between Kittanning and Ford City.
Standard gauge, 70-lb. rails. An extension of 3 miles to Mosgrove Isunder construction. 1 A miles of which is completed.OFF IC ERS.--Pres. and Mgr.. F. A. Moesta. Kittanning; Sec. and Treas..
Jas. McCullough Jr., KittannIng.-V. 91, p. 9.1.
KNOXVILLE, TENN,KNOXVILLE RAILWAY & LIGHT CO.Controlled by American Cities By. & Light Co., which owns all the com-
mon stock and nearly all of the preferred.ORGANIZATION.-Incorporated in Tennessee on Aug. 5 1905 as a con-
solidation of the Knoxville Traction Co. and the Knoxville Electric Light &Power Co. Does all the street railway and all municipal and commercialelectric-lighting and power business In Knoxville. Also controls theKnoxville Park Association, owning two amusement parks. Franchisesare perpetual, except as to 1 A miles of street railway, which latter run untilNov. 28 1946. Isidore Newman & Son of New Orleans are fiscal agents.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common $1,500,000 ($100)- _ $1,401,900 Not reportedPref 6% cum $500,000 ($100)_
gold ($1,000) c1 IIit.itStandardTrustCo., NewYork • Trustee.Knoxville Trac 1st IA $850.-1 1898 5 g A-0 824,000 April 1 1938000 g tax free.($1,000)c•__ Int. at Baltimore Tr. & Gu. Co. Balt., Trus.Stock and Bonds.-Of the $3,000,000 consols. $824.000 are reserved to
retire Knoxville Trac. Co. bonds. Bonds are redeemable at 107 A and int.on 60 days' notice. Sinking fund annually of A of 1% of all bonds out-standing (Including Knoxville Trac. bonds1 began Sept. 1 1910, and after 5years is Increased to 1% annually. The Knoxville Trac. Co. 1st mtge. bondsare not subject to call. $26,000 have been canceled. Pref. stock is red at 110.
Dividends.-6% per annum is paid on pref. stock since issuance. Firstdividend on common-2%-June 29 1907. 1% was paid Sept. 1907, and1% Dec. 1907. In 1908, 4%. In 1909, 7%. In 1910, March, 134%;June, 2%. None reported since.REPORT.-For calendar years:Year-
1909190819071906
Gross. Net after Taxes. Interest. Surplus. $613,520 $302,486 $138,038 $164,448
ROAD.-Owns 41 miles of track, including 9 miles of double track. 70-113and over T and girder rail. Has 26 open cars, 44 closed and semi-con-vertible cars and 15 freight service cars; total, 85. Owns one park andleases another.OFFICERS.-Pres., C. H. Harvey; V.-P., W. S. Shields; V.-P., Geo. H.
Davis; Sec. and Treas., Leon Fender; Aud., J. E. Tappan.-V. 83, p. 38:V. 85, p. 345, 405, 793; V. 88, p. 1620.
KOKOMO, IND.KOKOMO MARION & WESTERN TRACTION CO.-A trolley road.ORGANIZATION.-Incorporated in Indiana in Feb. 1903 under general
railroad laws as successor to the Kokomo Converse & Marion Traction Co.In April 1903 acquired by purchase the entire capital stock of the KokomoRailway & Light Co.. which was merged In Jan. 1906. Owns lighting plantIn Kokomo' also private right of way. Franchises run 50 yearsSTOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $1,000,000 ($100)__ F-A $1,000,000Aug.1510,1 kiPreferred, 6% $100,000 ($100) __ 8 A-0 100,000 See textFirst mortgage 31 000,0001903 5 g J-J1 750,000 July 1 1933
Trust gold ($500 & $1 000) c&r_ _ Interest at Security Co , Ind., Trustee.Kokomo Ry & Light 1st mtge 1903 5 g J-J 250,000 Jan. 1 1933$350,000 gold ($1,000) c&r Int. at Security Trust Co , Ind., Trustee.Bonds.-$250,000 are reserved to retire a like amount of bonds of the
Kokomo Railway & Light Co ; the remaining $100,000 under this lattermtge. has been canceled. Bonds are subject to call at 105 and Int. SeeV. 76, p. 1143; V. 77, p. 451. The Kokomo By. & Light bonds can becalled at 105 and are guar., prin. & int., by Kokomo Marlon & West.
Dividends.-On pref. stock. 6% per annum is being paid. On commonfirst div.-1%-paid Aug. 10 1909. In 1910, Feb., 1 A%; Aug., 134%.REPORT.-For calendar year 1909: Total gross (incl. both Railway &
Lighting), $233,863; net, $134,317; int. & taxes, $57,385; diva., $16,000(1% corn.. 6% pref.); deprec'n, $20,253; surplus, $40,679.ROAD.-Operates 40 miles of track in Kokomo and from Kokomo to
Marion. Is connecting link between the Northern Traction Co. and theUnion Traction Co. of Indiana. Standard gauge. 70-lb. T rail.OFFICERS.-Pres. Geo. J. Marott; V.-P., L. J. Kirkpatrick; Sec..
Treas. and Gen. Mgr.. T. C. McReynolds; Asst. Mgr., P. H. Palmer.-V. 83, p. 1098.
LACONIA, N. H.LACONIA STREET RAILWAY.in Nov. 1906 control changed hands, and the new interests also acquired
control of the Laconia Electric Lighting Co.ORGANIZATION.-Formerly the Laconia & Lakeport Street Ry., hut
name changed to above in 1894STOCK, &c.- Date. Interest. Outstanding. Maturity.
Comt $100,00040,000
non, $100,000 (par $501_Preferred, 6 % cum., $40,000_First mtge, $91,000 ($1 000)4 1899 5 M-N 90,000 May 1 1919
lInterest at American Trust Co.. BostonSecond mortgage. 140.0001 1904 5 31-N 40,000 May 1 1919($1.000) I Interest at People's National Bank. Laconia.Dividends -In 1893-94, paid 5%; in 1894-95, paid 4%; none since.ROAD.-Owns 9 miles of track. Standard gauge.EARNINGS.-For years ending June 30:
1910. 1909. 1910. 1909.IGross $34,293 $32,206lInt. and taxes____ $10,640 $7,397Net 9,503 11,773 I Baf. for year d ef .1,137 sur4,376OFFICERS.-Pres., H. L. Pierce, Leominster, Mass.; Sec., Geo. P.
Munsey; Treas. & Gen. Mgr., Wm. H. Tylee. Office, Boston, Mass.
LA CROSSE, WIS.LA CROSSE CITY RAILWAY.ORGANIZATION.-Chartered Nov. 17 1885. Franchise runs till 1938.
In 1909 Wisconsin RR. Commission sanctioned the issue of $50,000 addi-tional bonds.STOCK AND BONDS- Date, Interest, Outstanding. I.ast Ofv.,,tc
Stock, $500,000 (par $100) See below. $500,000f.p. In %First mortgage, $175,000 goldj 1893 6 g J-J 136,000 Jan. 1 1918($1 000) 1 Subject to call Jan. 11903.
1900, 5%; 1901, 6%: 1902, 7%; 1903, 7%: 1904, 7%; 1905, 8%; 1906,8%: 1907. 7vr %-EARNINGS.-For cal. year 1909, $118,932. In 1908, gross, $130,575.ROAD.-Owns 14.741) miles in city of Lacrosse.OFFICERS.-Pres., B. E. Edwards; Sec., W. W. Schall; Treas., R. C.
Whelpley; Supt., Geo. H. Shaw.-V. 84, p. 1182.
LAKE CHARLES, LA.LAKE CHARLES RAILWAY, LIGHT & WATER WORKS CO.
ORGANIZATION.-Incorporated in Louisiana in 1909. In June 1909the company acquired the Lake Charles Street By. Co., operating an electricrailway in Lake Charles and Lake Charles Ice, Light & Water Works Co..which operates an ice plant, electric-light and power department andwater system.Franchises expire: street railway, 1941; water works, 1916; electric light
and power, 1926.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock, $200,000 $200,000 First mortgage, $500,000 gj 1909 6 g F-A 300,000 See text($500 and $1,000) c•lInter-State Trust & Bkg. Co.. New Orl.. Tr.Bonds.-Remaining bonds are for improvements and extensions on basis
of $1 in bonds for each $1 33 of improvements, &c. Bonds mature $15,000semi-an. from Aug. 1 1912 to Feb. 1 1922, both inclusive; but redeemableon and after Aug. 1 1914 on any int. day on 30 days' notice. Int, is payableat office of trustee or at Chic. Say. Bank & Trust Co., Chicago.EARNINGS.-Of constituent companies for 1908, gross, $183,226,
oper. expenses, int. & taxes, $128,305; net, $54,921.ROAD consists of 7.64 miles of track. 60-lb. rails.OFFICERS.-Pres., J. A. Landry; Sec., P. 0. Moss.-V. 89 p 919.
LANCASTER, PA.SUSQUEH ANNA RAILWAY, LIGHT & POWER CO.--Incorporated in
Connecticut Feb. 27 1907 to own, control and operate electric railway andgas properties. V.84. p. 271, 392. Has acquired all the common stock of theUnited Gas & Electric Co. Owns entire corn. stock of Lancaster CountyRy. & Light Co. V. 84, p. 693. In Jan. 1909 purchased the property andfranchises of Phila. Coatesvllie & Lancaster St. Ry. and reorganized It asthe Christiana & Coatesville St. By. V. 87, p. 1534; V. 88, p. 158. OnJuly 1 1910 acquired control of the Wilkes-Barre Co. V. 90, n• 1103. InAug. 1910 acquired control of the Colo. Springs Light, heat & Power Co.V. 91, p. 965.STOOK- Date. Interest. Outstanding. Last Div.
Stock, corn, $10,000,000 ($100) $4,034,500Stock, pref 5% cum to 7%,l$10,000,000 ($100) 1 ---- 5 M-S 4,092.200Sept.1'10,2 A %Stock.-After 5% has been paid on the common, the preferred will share
equally with the common in non-cumulative dividends up to 7 %, all otherdividends accruing to the common shares. V. 84, It• 571. 693.
Dividends.-First dividend on preferred of 2 A % paid Sent. 1907. In1908, 5%; in 1909, 5%; in 1910. March, 234%; Sept., 234%.REPORT.-For year ending June 30 1910, not including Wilkes-Barre
Co. or Colorado Springs Light, Heat & Power Co.:
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60 ELECTRIC RAILWAYS ivoL. Lxxxxr
Net earns, sub. companies_ _$677,714Earns. secur. held 51,717Int. & miscell. Income 18,632
Total net earnings $748,063Deduct-
Int. United G. & E. Co. bds. $91,075Tat. Lane. Co. By. & Light
Div. pf. stk. U. G. & E. Co_ $58,605Div. pf. stk. Lanc. C. R. &L 50,000
Total deductions $249,680Applicable to div. of Sus.By. Lt. & Pow. Co $498,383
Dividends 204,610
bonds 50.000 Total surplus $293,773From 5293,773 surplus in 1909-10, $91,669 was set aside for depreciation.OFFICERS.-Pres., Geo. Bullock; V.-P., R. E. Griscom; Sec. and Treas.,
Henry Morgan; Asst. Sec. & Treas.. W. M. Canby; Asst. Treas., C. A. Kol-stad.-V. 85, p.655; V. 87.p. 1416; V.89, p.845; V.90, p.1103; V.91,p. 465. 590, 653.(1) Lancaster County Railway & Light.ORGANIZATION.-Incorporated on June 15 1901 In New Jersey. Owns
practically all the capital stocks of the Conestoga Traction (corn. and pref.),the Lancaster Gas Light & Fuel Co., the Edison Electric Illuminating Co.and the Columbia Electric Light, Heat & Power Co. of Columbia, Pa.,and these stocks are placed under the new mortgage of 1901. On Aug. 11910 acquired Columbia (Pa.) Gas Co. (capital stock $60,000). V. 91,p. 463. Franchises are perpetual. Does all the gas and electric lighting incities of Lancaster and Columbia, and practically all In Lancaster County.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
cumulative f Q-M 1.000,000June'10,13,4%Mortgage, $1,000,000 goldf 1901 5 g J-J 1,000,000 July 1 1951($500 and $1.000) cslInterest at Lancaster Trust Co., Trustee.'Securities of Lines Controlled-
Conestoga Traction first mtge_ 1900 4 J-J 1,277.500 Jan. 1 1950Lancaster City RR first mtgel 1890 5 g A-0 150,000 April 1 1920($100 and $500) .01Metropolitan Trust Co., N. Y.. Trustee.
Lancaster & Columbia stock
225,000 May 1 1921N. Y., Trustee.37,500 20 % per an.
W E St Ry first mtge $225.- 1891 5 M-N000 (5100, 5500 & $1,000)c* Metropolitan Trust Co.
225,000 April 1 1923125,000 May 1 193549,700 July 1 1922250,300 Jan. 1 1925300,000 Jan. 1 1925100,000 Jan. 1 1936
First mortgage 1893 5 A-0Columbia Mee Lt Ht & P m 1905 5 M-NEdison 1;:lec Ilium Co mtge _ 5 J4
do do mtge ____ 5 J-JLane Gas Light & Fuel mtge. 5 J-J
do do mtge 1906 5 J-.1'Columbia Gas Co 7,000
Dividends.-The first dividend on the preferred stock (3 %) was paid onJuly 1 1904 and 3% was again paid on Oct. 1 1904. In 1905, Jan. 3%(see V. 79, p. 2796); July, 3%; Dec., 4 ;4%. In 1906, 6 ;4%. In 1907, 7% .,In 1908, 5%. In 1909, 63i%. In 1910, Mch., 134%; June, 13i%. Oncommon: In 1908, 10%. In 1909, Jan., 2%; Mch., 234%; June, 2 ;4%;Sept., 2 ;4%; Dec., 2 ;4%. In 1910, Mch., 2 ;4%; June, 234%.REPORT.-Receipts of the Lancaster County Railway ere. Light for fiscal
157.11 miles of track, including the Lancaster City Street By.. 13.55 miles.Lancaster & Columbia, 9.16 miles; Lancaster & Lititz, 10.10 miles Columbia & Ironville. 3.59 miles; Columbia & Donegal, 5.67 miles; Lancaster &Mechanicsburg & New Holland, 20.62 miles; the New Holland Blue Ball &Terre Hill Street By., 5 miles; the Rohrerstown Landisville & Mt. Jay By.10 miles; the Lancaster & Eastern By., 17 miles; the Lancaster & Quarryville Street By., 8.75 miles; the Elizabethtown & Florin Street By. 7 miles;the Christiana do Coatesville St. By.. 11.1 miles; Lancaster Se MillersvilleBy.. 3.57 miles; Lancaster Willow Street Lampeter & Strasburg By.. 11miles; the Lancaster Petersburg & Manheim Ry., 8 miles; the Ephrata &Adamstown, 8 miles, and the Lancaster & Rocky Springs, 4 ;4 miles. Thelatter four completed and leased for 999 years at a rental of 6% on stock.OFFICERS.-Pres., W. W. Griest; V.-P., George Bullock; Sec. and
Treas., H. Morgan; Asst. Sec. & Treas., J. S. Graybill.-V. 79, p. 501, 1330.2796; V. 84, p. 271, 390, 570, 693; V. 91, p. 463.(a) Lancaster Mechanicsburg & New Holland Ry.-A trolley road.ORGANIZATION.-Incorporated May 16 1899. Runs from Lancaster
to New Holland, with an extension to Ephrata. 20.62 miles. Is leasedto Conestoga Traction Co. for a rental of 8 % on stock. Capital stock.$300,000. Stock is not owned by lessee. No bonds.(b) Rohrerstown Landisville & Mt. Joy Ry.-Trolley.ORGANIZA l'1ON.-Owns an electric road of 10 miles from Lancaster
through Landisville, Salunga, Mt. Joy and Florin. Is leased for 999 yearsto the Conestoga Traction at rental of 6% on Its 5400,000 stock. No fundeddebt. V. 73 p. 236.
(c) Ephrata & Adamstown Ry.-A trolley road.ORGANIZATION.-This company was incorporated with $225,000
capital stock on Sept. 17 1901. Owns road from Ephrata to Adamstown,8 miles, which was leased in 1003 to the Conestoga Traction Co. for a rentalof 6 % on the stock. No funded debt.(d) Lancaster & Rocky Springs Ry.ORGANIZATION. -Operates 4 A miles of track. Stock, 5200,000. No
bonds. Leased to Conestoga Traction Co. for 999 years at 6 % on stock.(e) New Holland Blue Ball & Terre Hill Street Ry.ORGANIZATION.-Operates a line from Blue Bali to Terre Hill. Is
leased to the Conestoga Traction Co. for 999 years at 5% on its $120,000capital stock.
(f) Lancaster & Eastern Ry.ORGANIZATION.-Operates 17 miles of track from Lancaster to Chris-
tiana. Capital, $430,000. Was leased on June 1 1906 to Conestoga Traction Co. at 6% on stock.(g) Lancaster & Quarryville Street RI,.ORGANIZATION.-Consists of 8.75 miles of track. Is leased to Cones-
toga Traction at rental of 6% on its $225,000 stock.(h) Elizabethtown & Florin Street Ry.ORGANIZATION.-Consists of 7 miles of track. Oct. 1 1908 was leased
to Conestoga Traction at rental of 6% on $220,000 stock.(i) Christiana & Coatesville St. Ry.ORGANIZATION.-Organized in Pennsylvania March 15 1909. Is a
reorganization of the Phila. Coatesville & Lane. St. By. $400,000 ($50)stock, $350,000 outstanding; no bonds. Is leased to Conestoga TractionCo. at a rental of 6% on capital. Consists of 11.1 miles between Christianaand Coatesville.
(j) Lancaster Petersburg & Manheim Ry.ORGANIZATION.-Incorporated Nov. 5 1900. On May 1 1902 was
leased to Conestoga Trac. Co. for 999 years at an annual rental of 6% on*175,000 stock. Operates 8 miles of track.(k) Lancaster Willow St. Lampeter & Strasburg Ry.ORGANIZATION.-Incorporated Nov. 15 1900. On June 1 1902 was
leased to Conestoga Trac. Co. for 999 years at a rental of 6% on $225,000stock. Operates 11 J. miles of track.(2) United Gas & Electric Co.ORGANIZATION.-Incorporated in New Jersey. Owns and controls
12 gas and electric companies in various cities in the United States. Allthe common stock has been acquired by the Susquehanna By. Lt. & Pow. Co.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.
Stuck, common. $2.500,000 $2,500,000 Stock. preferred, $1,500,000_ 1,172.100 1st mtge.. $3,000,000 ($5001 1902 5 g J-J 1.821,500 1922and $1,000) gold • clInt. at New York Trust Co., trustee.OFFICERS.-Pres., George Bullock; V.-P., Richard S. Storrs; Sec.
and Treas., Henry Morgan.(3) Wilkes-Barre Co.ORGANIZATION.-Incorporated in Pennsylvania in June 1910. Is a.
consolidation and merger of the Wilkes-Barre Gas & Electric Co., Wilkes-Barre Heat, Light de Motor Co., Anthracite Elec. Lt., Ht. & Power Co..Standard Elec. Co. and Union Light & Power Co. V. 91, p. 658. Doesentire gas, electric light and steam-heating business in Wilkes-Barre,Borough of Ashley, Hanover Township. Parsons, Miner's Mills and PlainsTownship. Franchise perpetual; gas franchise both perpetual and exclus-ive. 15,001 shares of stock are owned by Susquehanna By.. Lt. & Power CoSTOCK AND BONDS- Dat. Interest. Outstanding. Maturity.Stock $1,500,000 ($50)_ $1,500,000 First & ref mtge $7,500,000 gl 1910 5 g J-J 1,547,300 July 1 1960($100, $500 & $1,000).c*&rf Interest at Girard Trust Co.. Phila., trustee.W-B G & E 1st cons mtge 13,) 1905 5 g J-J 3,000,000 Jan 1 1955000,000 g ($1,000) _ _ Serf Interest at Fidelity Trust Co., Phila., trustee.
Bonds.-01 the 1st & ref. mtge. $3,000,000 are reserved to retire Wilkes-Barre Gas & Elec. bonds; remainder for extensions, improvements, &c.The bonds out are guar., p. & I., by endorsement by Susq. Ry., Lt. & PowerCo. Subj. to call on any int. day on or before July 1 1912 at par and int.:thereafter at 105 and int. V. 91, p. 658. Wilkes-Barre Gas & Elec. bondsare subject to call at 110 and Interest on 3 months' notice.EARNINGS.-01 combined companies for year ending March 31 1910
(prior to merger), gross, 5520,613; oper. exp., &c., $263,459; net, $257,154.PROPERTY.-Capacity gas works, 1,200,000 Cu. ft. Has about 55
miles of mains. Electric plant, 3,200 k. w. capacity.OFFICERS.-Pres., W. H. Conyngham; V.-P., Geo. Bullock; Sec., A.
S. Minor; Treas., J. N. Thompson; Asst. Sec., Henry Morgan; Mgr., E. A.Wakeman.-V. 91, p. 658, 731.(4) Colorado Springs Light, Heat & Power Co.ORGANIZATION.-Incorporated in Colorado on June 21 1910 as a
consolidation of the Colo. Spgs. Elec. Co., Colo. Spgs. Lt. & Power Co. andthe Pike's Peak Hydro-Elec Co. V. 91, p. 466. Controls entire gas, elec-tric light and power business in Colorado Springs and Colorado City. Alsodoes a large business in these cities in furnishing steam for heating and otherpurposes. Company is controlled by Susquehanna By. Lt. & Power Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $1,000,000 ($100)- $1,000,000 Pref $1,000,000 ($100) 6% n-c 1,000,000 First and refunding mortgage) 1910 5 g F-A 1,200,000 Aug 1 1920$3,500,000 gold ($100, $500 }Interest at New York Trust Co., trustee.and $1,000) c.1 M. N. Buckner is also trustee.
Col Spgs Elec Co 1st mtge_ -_-- 5% 1,000,000 Apr 20 1920Col Spgs Lt & Power 1st mtge 5% 300,000 Apr 1 1919Bonds.-$1,300,000 1st de ref. bonds reserved to retire underlying bonds
and $1,000,000 are for additions, extensions, &c., at 85% of cost thereof.Redeemable at 105 and Int. on any Int. day on or before Feb. 1 1917 andat 10234 and int. on any int. day thereafter. V. 91, p. 466.BARNINGS.-01 constituent companies for year ending June 30 1910
(prior to consolidation), gross, $526,228; oper. exp., &c., $275,797; net.$250,431.OFFICERS.-Pres., Geo. Bullock; V.-Ps., R. W. Chisholm and S. J.
Dill; Sec. & Treas., J. W. Ryter; Asst. Sec., Henry Morgan; Gen. Mgr.,Geo. B. Tripp.-V. 91, p. 466.
LANCASTER & YORK FURNACE STREET RY.-A trolley road.ORGANIZATION.-Incorporated July 22 1901 in Pennsylvania. In
Feb. 1908 reduced stock from $280,000 to $170,000 and made $150,000mtge., which see below. V. 86, p. 480.STOCK AND BONDS- Date. Interest. Outstanding. Menai 1/
Stock $170,400 ($50) $170,400 1st mtg gold $150,000 ($100,1 1908 5 g J-J 10,000 Jan 1 1928$500. $1,000) ceer1Int. at Northern Trust Co., Lane., trustee.Bonds.-Are not subject to call and have no sinking fund.ROAD.-Operates 125i miles of track between Millersville and York
Furnace. 70.lb. T rail. Gauge 5 ft. 2 >4 in.OFFICERS.-Pres., Paul Heine; Vice-Pres., A. B. Bausman; See.. J. H.yers: Treas.. A. M. Landis; Gen. Mgr., J. W Gardner.-V. 86. p. 480
LANSDALE, PA.MONTGOMERY TRACTION CO.-A trolley road.ORGANIZATION.-Incorporated in Pennsylvania on July 6 1905 as
successor under foreclosure of the Lansdale de Norristown Electric By.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Bonds are subject to call actlIon5t.. at E. P. Wilber Tr. Co., So. Beth..Pa..Tr.
EARNINGS.-For year ending Dec. 31 1909, $39,971; In 1908, $38,854,ROAD.-Operates 14 miles of track from Lansdale to Norristown.
Gauge, 5 ft. 234 in. 70 and 80-1b. T rail.OFFICERS.-Pres., W. 0. Hay, Easton; Sec. and Treas., G. A. Reed
Bethlehem; Supt., Thomas Gibson. West Point, Pa.-V. 81, p. 508.
LANSING, MICH.MICHIGAN UNITED RAILWAYS.-See statement of company under
Jackson, Mich., and map on page 56.
LEETONIA, OHIO.YOUNGSTOWN & OHIO RIVER RR.-A trolley and steam road.
Freight service operated by steam; passenger service by electricity.ORGANIZATION.-Incorporated in Ohio on Dec. 8 1905. In 1906
leased Salem RR. from Pittsburgh Lisbon & Western RR. Co. for $6,000per annum; the former runs between Salem and Washingtonville, 7 miles.In 1910 road was re-capitalized and new securities issued as below.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
gold ($1,000) cs Int. at Citizens' Say. & Tr. Co., Cleve..I. Trustee, or First National Bank, N. Y.
Stock and Bonds.-Pref. stock div. Is cumulative after July 1 1913.Bonds subject to call on any Int, date after April 1 1915 at 105 and int.Remaining bonds are reserved for acquisitions and extensions under certainrestrictions.EARNINGS.-For year ending Mch. 31 1910, gross, $183,920; net, after
taxes and rentals, $75,443.ROAD.-Operates from the terminus of the Stark Electric By. In
Salem, Ohio, through the city of Salem to a connection with the Salem RR.,and over the Salem RR. from Salem through WashingtonvIlle. Leetonia.Lisbon and West Point to East Liverpool, Ohio, a distance of 36 miles.At Leetonia, 0.. connection is made with the Youngstown do Southern By.,Owns 32.19 miles of track and leases 6.81 miles. Standard gauge, mostly70-lb. T rail. Pass. equip., 7 cars; freight, 2 locomotives, 15 cars.OFFICERS.-Pres., Will Christy; V.-P., Geo. A. Stanley; Sec. and
Treas., Chas. S. Thrasher; Gen. Mgr., J. D. Dewees; Aud., B. H. Jacobs.General office, Leetonia, 0.-V. 85, p. 532; V. 86, p. 1346; V. 87, p. 679;V. 88, p. 824; V. 90, p. 1556; V. 91, p. 40.
LEWISTON, ME.LEWISTON AUGUSTA & ‘VATERVILLE STREET RY.-A trolley road.ORGANIZATION.-Organized in Maine in 1907 as a consolidation of
the Lewiston Brunswick & Bath Street Ry. (which owned the Brunswick& Topsham By. Lewiston a3 Auburn RR. and Bath Street Fly.) theAugusta Winthrop ea Gardiner By. (a consolidation in May 1902 of theAugusta Hallowell & Gardiner RR. and the Lewiston Winthrop & AufrustaStreet Ry.) and the Auburn de Turner RR. Co. V. 84, p. 1182. Fran-chises arc perpetual. Does a freight business.STOCK AN D BONDS- Date, Interest. Outstanding. Maturity.
Stock, corn., 52,400,000 ($100) 52,400,000 _________Pref, $600,000 ($100) 6% cum_ ____ Q-F 600,000 Aug'10 134%First and refunding mart.) 1907 5 g A-0 1,700.000 April 1 1937gage, $5.000,000 ($1,000). ) Old Colony Trust Co., Boston, Trustee.gold c• i Interest at agency of company. Boston.Securities of the Lew. Bruns. 0. Bath St. Ry.-
First mtge. $1.000.000 gold.. _ .. 1898 5 g M-S 845,000 Mch. 1 1918Bath St Ry 1st mtge$300.0001 1893 5 g J-J 70,000 July 1 1913
gold (51,000) c*J Subject to call after July 1 1898.Lewiston dc Aub H RR 1st M_ 1891 5 JD 85,000 Jan 1 1911
Securities of the Aug. Win. & Gar. Ry.-Aug H & 0 gen mtge conv__c 1901 4 J-J 250,500 July 1951Aug Win & Gard 1st Ni 1250,-1 1902 4 g .I-J 150,000 July 1 1952
t000 conval .000 & $500) ge* Int. at Augusta Tr. Co., Augusta, Me., Trust.Aug Win & Gard gen Ni 5125,- 1905 5 g J-J 100.000 Jan 1 1935000 (5500 and 11.0001 gold Interest at Augusta Trust Co., Trustee.Bonds.-The 55.000,000 1st M. bonds are subj. to call on any Int. day at
1073, and Int. No sinking fund. 11,500,000 are reserved for prior liens,5300,000 are In treasury and $1,500,000 arc reserved for future extensionsand Improvements. The Augusta Winthrop & Gardiner By. gen. Ni. 5%bonds of 1905 are subj. to call at par on any int. date on 65 (lays' notice,The Aug. Win. & Gar. By. 1st M. 4% bonds are exchangeable for 4% peel.stock of the same co., which stock has the same security as the bonds andmatures at same time. The Aug. H. Se Gar. gen. M. 4% bonds are ex-changeable for 4% pref. stock of the same co., having the same security as
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1910.1 ELECTRIC RAILWAYS 61
the bonds, and matures at the same time. Of the Lewiston Brunswick &Bath Street fly. 1st M. bonds of 1898, $155,000 are reserved to retire theunderlying bonds.
Dividends.-Initlal dividend on preferred-1 M%-pald Aug. 1910.EARNINGS.-For year ending June 30 1910, gross, $526,206; net,
$217,668; fixed charges, $177,926; surplus, $39,742.110AD.-Operates a system in and between Waterville, Augusta, Win-
ORGANIZATION.-Incorporated in New Jersey on Dee. 6 1905 as aholding company. Owns $799,925 of the stock of the Lexington By. Co.,the entire stock of the Lexington Utilities Co.. the entire stock and $86,000bonds of the 13tue Grass Trac. Co. and the entire stock and bonds of theCentral Kentucky Traction Co.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Common $2,000,000 ($50)-Pref $1,000,000 ($50) 8% cum
$2,000,000382,900
Coll Trust Mtge $6,000,0001 1906 5 g F-A 1,569,000 Feb 1 1956gold ($1,000) cf Int. at Guar. Tr. & S. D. Co., Phila., Trus.
Stock.-The preferred stock is redeemable after 1910 at $60 per share, andis convertible Into common stock. See V. 84, P. 220. Is cum. from Jan. 11008. Both classes of stock are listed on Phila. Stock Exch. V. 84, p. 626.Bonds.-Of the $6,000.000 coll, trust bonds, sufficent are reserved to
retire the 1st mtge. bonds of the Blue Grass Traction Co. and the George-town & Lexington, and remainder reserved for betterments and acquisitions.A sinking fund of Si% of bonds out is operative from 1916 to 1926; thereafter1%; said fund to be invested in the bonds at not higher than 110 and int.
INCOME ACCOUNT.-For year ending Dec. 31 1909: total „receipts,$69,491; total expenditures, $103,133; deficit, $33,642.
OPERATIONS.-Constituent companies operate about 97 % miles oftrack. They do the electric light, street railway and ice business of Lexing-ton. Also operate city lines In Frankfort and lines radiating from Lexing-ton to Georgetown, Paris, Nicholasville, Versailles and from Frankfort toVersailles. 50 to 80-lb. rails. Standard gauge. Owns 28 closed and 10open cars; 15 interurban passenger and 2 express cars; 2 line and 6 ballastoars.OFFICERS.-Pres., J. Levering Jones, Phila.; V.-P., John Blair Mac-
Ate°. Sec.. Henry Rainey, Phila.; Treas., H. J. Delany, Phila.,Office. Phila.-V. 85, p. 346, 1462: V. 87, p. 226, 414, 480; V. 88, p. 506,1373.
(11 Lexington Railway Co.ORGANIZATION.-Incorporated In Kentucky on Feb. 11 1899, with
perpetual charter, as a consolidation of Passenger & Belt Itys., CentralElectric Co., Belt Electric Line Co. and Hercules Ice Co. On Sept. 12 1899absorbed the Lexington Ice Mfg. & Storage Co. In June 1000 the ice andelectric light depts. were transferred to Lexington Utilities Co. In compliancewith a law prohibiting a common carrier from engaging in any other business.
STOCK AND BONDS- Date. Interest, Outstanding. Maturity.Stock $800,000 ($100) _ - _ _ _ $800,000 Passenger & Belt first mtgel 1891 6 g A-0 78,000 See text$200,000 ($1,000) JInt. at Amer. Tr. & Say. Bk.
' Chicago, trust.
Lox fty 1st mtge $1,500,000 1809 5 g J-D 1,422,000 June 1 1949gold ($1,000) cf Int. at Continental Tr. Co., Baltimore, trust.Bonds.-$78,000 Lexington fly. bonds are reserved to retire Pass. & Belt
bonds. A sinking fund will retire 1% of the bonds annually at 110 and int.The Pass. & Belt Ity. bonds mature $15,000 annually to April 1 1916.
In June 1909 a 2(1 M. was made for $500,000. These bonds, as issued,will be placed under the Lexington & Interurban flys. Indenture, andLexington & Interurban 'bonds Issued In exchange therefor.
(2) Blue Grass Traction Co.ORGANIZATION.-Incorporated in Kentucky in Feb. 1904 as a con-
solidation of the old Blue Brass 'frac. Co. and Georgetown & LexingtonTrae. Co. Franchises perpetual.
STOCK AND BONDS- Date, Interest. Outstanding. Maturity.Stock, $700,000
($100)- $75000:0
0000 Mch 1 1034
0Blue Grass 1st Mtge $700,0001 1404 5 g
0
gold ($500 and $1,000)_c&rf Int. at Cleveland Trust Co., Cleve., trustee.Georgetown & Lexington hstl 1901 5 g M-N15 200,000 Nov 15 1921mtge $250,000 gold ($100, Interest at Cincinnati Trust Co., trustee, and$500 and $1,000) c&rJ at Standard Trust Co., New York.Bonds.-$80,000 of the Blue Grass bonds out are owned by Lexington &
Interurban. In Aug. 1908 a 2(1 M. was made for $200,000 5% bonds duoIn 1938. These bonds, as issued, will be placed under the lien of the Lex. &Int. Itys. mtge. and Lex. & Int. bonds Issued In exchange for them.
ROAD.-Owns and operates a line from Lexington to Georgetown, 12miles, and a line from Lexington to Paris, 18 miles; total, 30 miles. 60-lb.T. rails. 10 cars.(3) Central Kentucky Traction Co. 112ORGANIZATION, &C.-Incorporated on Aug. 2 1907 In Kentucky as a
consolidation of Central Kentucky Trac. Co. and Frankfort & VersaillesTrac. Co. Stock auth. and out, $350,000 corn. and $75,000 pref. Firstmtge. bonds, $4,000,000, gold. auth., $1,018,000 out ($1,000 c').; dated1907, due Dec. 11937. Int. (J.-D.) at Guaranty Trust & Safe Deposit Co..Phila., trustee. All the stock and bonds arc owned by Lex. & Int. Itys. Co.ROA D.-Operates from Lexington to Frankfort, 28 miles, and from
Lexington to NieholasvIlle, 12 miles; total, 40 miles. 70 and 80-1b. T rails.(4) I.exington Utilities Co.ORGANIZATION, &C.-All stock is owned by Lex. & Interim Itys. Co.
Does ice and electric light business In Lexington. In June 1009 madea 2(1 mtge. for $200,000 bonds. These bonds, as Issued, will be placed underthe lien of Lex. ec Int. Rys. mtge., and L. & I. bonds issued in exchangetherefor.
WESTERN 01110 RR.ORGANIZATION.-Incorporated in Ohio on June 7 1910 to take over
under lease the Western Ohio fly. Lease provides tile Western Ohio RR.pay prin. & int. on Western Ohio /N, bonds as well as div. on both 1stand 2d pref. stocks of that company. Holders of coin, stock of Western01110 fly. have right to exchange before Jan. 1 1911 their stock for stock ofthis company on basis of 3 shares of old for one of new. V. 00, p. 1556.Stock auth., $1,000,000. About 24,000 shares of Western Ohio Ry, stockhad been exchanged for stock of this company up to Sept. 1910.OFFICERS.-Pres.. J. L. Wolf, Cleve.; V. P., H. .1. Mandelbautn, Cleve.:
V.-P. and Gen. Mgr., F. D. Carpenter, Lima; Sec. & Treas., II. C. Lang.
(1) Western Ohio Ry.-A trolley system, of standard gauge, entirely onprivate right of way.
LIMA, OHIO.
ORGANIZATION.-Incorpotated in Ohio on Oct. 11 1900. This is oneof the Mandelbaum roads and forms a link in the through car service fromToledo to Dayton. Owns entire common and pref. stock of the LimaFindlay & Toledo By. V. 83, p. 97, 157, 381. Has contract to furnishpower until 1913 to Lima & Toledo Traction, Fort Wayne Van Wert & LimaTraction and Indiana Columbus & Eastern Trac.
Shareholders June 24 1910 authorized $500,000 2d mtge. col. tr. bonds,convertible Into new 1st pref. stock (V. 90, p. 1426); to increase stockfrom $3,400,000 to $4,000,000, new stock to be $500,000 7% cum. 1st pref.and $100,000 additional pref., ranking pan l passu with existing pref. as 6%cum. 2d pref.; to lease the property to Western Ohio RR. V. 90. ci• 1615;V. 91, p. 40.
STOOK AND BONDS.- Date, Interest. Outstanding. Maturity.Common $3,000,000 ($100) _ ___ $3,000.000 1st pf, $500,000 ($100)7% cum None 2d pf, $500,000 ($100)6% cum 450,000 lit mortgage $3,000,000 gold( 1901 5 g M-N 2.500,000 Nov 1 1921($1,000) $26,500 perM.e• &ri Int. at Cit. Savings & Trust Co. Cleveland.
Trustee or First National Bank, N. Y.Collateral trust mortgage,1 1910 6% 500,000 July 1 1930$500,000 1Cleveland Trust Co., Trustee.
L F & T 1st mtge $600,000( 1905 5 g J-J $400,000 July 1 1925gold ($1 000)_ ci Int. at Citizens Savings & Trust Co., Cleve-
I land. Trustee, or in New York.
Bonds.-The West Ohlo 1st M. bonds have no sink. fd. and bonds are notsubject to call. See V. 76, p. 160, for agreement among bondholders.Coll, trust bonds are convertible Into 1st pref. stock and are secured bydeposit of $500,000 1st 5s. No sink. fd.; red. on Nov. 1 1921 at 110. Asbonds are converted, proportionate amount of 1st 5s which are collateralwill be canceled.The Lima Findlay & Toledo bonds have a sinking fund of $10,500 per
annum, beginning in 1911. Are subject to call at 105. V. 80, p. 2344.
EARNINGS.-For year ending Dec. 31 1909, gross, $490,328; net.$225,738; int. and taxes, $184,851; surplus, $40,887. In 1908, gross.$441,791; net, $195,620; charges, $183,287; surplus, $12,333.
ROAD.-Lima via Wapakoneta to Piqua; Wapakoneta via St. Mary s toCelina; St. Mary's to Minster; making altogether 78 t4 miles of main line;also sidings, 10 miles. Also Lima to Findlay, 31.9 miles, thus completing'a through line to Toledo. Total of all mileage about 120 miles. Standardgauge. Operates 19 passenger and 6 other cars.OFFICERS.-Pres., F. D. Carpenter, Lima; V.-P.
' J. 0. Wilson, Cleve.;
Sec. & Treas., A. Born.-V. 83, p. 97, 157, 381; V. 85, p. 1520; V. 88, p,626; V. 89, p. 667; V. 90, p. 504, 1426, 1492, 1615; V. 91, p. 40, 155,
LINCOLN, NEB.THE LINCOLN TRACTION.-A trolley road.
ORGANIZATION.-Incorporated in Nebraska In 1909. Is a consolf,dation of the old Lincoln Traction and the Citizens' By. Co. V. 88, p. 506.Holders of the old Lincoln pref. stock ($700,000) received 110 In the newbonds. Holders of the old Lincoln common ($330.000) got for every shareof old, two shares of new pref. and four shares of new common. Holdersof Citizens' By. stock ($415,000) received 100% In new pref. and 80% innew common.In May 1910 Attorney-General Thompson advised the Nebraska RR.
Commissioners that they have no power to order the cancellation of $1,500,-000 stock of the company, as demanded in a case filed by County AttorneyTyrrell, who claimed the same was "pure water." V. 90, p. 1363.
STOCK AND BONDS- Date, Interest. Outstanding. Maturity.Common $2,000.000 ($100)- $1,652.000Prof. $1.500,000 ($100) 6% Cu Q-F 1.091.500 Aug. '10.1 34%1st mortgage $1,500,000 gold 11909 5 g J-J 1,120,000 Mar. 1 1939($1,000) _c & rf Interest at New York Trust Co.. trustee.
Old Lincoln Trac. mtge. g. $1,-f 1899 5 g J-J 250.000 Jan 1 1920000) $250.000 01 Interest at New York Trust Co.. trustee.
Bonds.-Of the new Lincoln Traction Co. bonds $250.000 are reservedfor prior liens and $130,000 are for extensions and improvements at 85%of cost.Diridends.-134% paid quarterly on pref. from May 1 1909 to Aug. 1
1910, Inclusive.EARNINGS.-For year ending Jan. 31 1910, gross, $566,817; net,
$201,009; int., $56,000; surplus, $145,009. In 1908-09, gross, $526,846;net $177,496.ROAD.-Owns 54.59 miles of track.OFFICERS.-Pres. and Chairman of Board, W. E. Sharp; V.-P., T. C.
Boggs; Sec., J. H. Smith; Treas., S. H. Burnham: And., S. A. Foster;Gen. Mgr., J. II. Humpe, Lincoln.-V. 88, p. 506; V. 90, p. 1363; V. 91,p. 94.
OMAHA LINCOLN & BEATRICE RY.Is constructing 56 miles between Lincoln and Omaha, of which 6 miles
from Lincoln to Bethany Heights is completed and in operation. Standardgauge. 70-lb. T rail. Franchises, 99 years and perpetual. Furnisheselectric light and power to village of Bethany. Stock authorized, $2,250,000($100); outstanding, $300,000. No bonds.
OFFICERS.-Pres., Harvey Musser; V.-P., H. H. Wilson; And.,H. S. Norton. Office, 1400 "0" St., Lincoln.
LITTLE ROOK, ARK.LITTLE ROCK RAILWAY & ELECTRIC CO.
ORGAN- _f tON.-Incorporated In Arkansas on March 17 1903 and Is aconsolidation of the Little Rock Traction & Electric Co. (granted a newfranchise on Sept. 24 1901 for .50 years; V. 73, p. 784) and the Little RockEdison Electric Light & Power Co. (franchise unlimited) Operates allstreet railways in city and all commercial electric lighting; also a portion ofthe commercial lighting in Argenta, Ark. Controlled by American CitiesRailway & Light Co. Isidore Newman & Son of New Orleans are fiscal agts.
STOCK AND BONDS- Date. Interest. Outstanding. %futurity.Common, $1,500,000 5 J-D $1,500.000 June '10. 4%Pref, 6% cum, $750.000_____ 6 J-D 750.000 June 30 '10. 3%
Istmo$1mortgage, $2,000,000.1 1903 5 g A-0 2.000.001) April 1 193$
gold ( c•i Interest at Corn. Germania Trust & Savings( Bank, New Orleans. Trims. or Ilse. agts.,N.Y.
Refunding and extension mtgl 1008 6 g A-0 500 000 April 1 1938$5,000,000 ($500 and El ) Int. at Bank of Comm",,. t T-irst Co., Hem-000) gold csj phis. Trus., or Standard Trust Co.. N. Y.
Bonds.-Pirst mortgage bonds are subject to call on 60 days' notice onany Interest period at 107 ki . Sink, fund of ki of 1% of outstanding bonds1908 to 1917; 1% thereafter. $31,000 are held by sinking fund. Therefunding and extension bonds cannot be called; $2.000.000 are reserved toretire 1st 5s and remainder for 80% of cost of additional property if netearns. for 12 mos. previous have been twice the annual Int, charges on out-standing bonds, incl. those to be issued. A sinkin,fund of 34of 1% on out-standing bonds commencing Aug. 1 1913 is to be invested In these bonds atnot higher than a 434% basis, bonds to be kept alive In fund. The first$500,000 are to be issued as 6s; rate on subsequent bonds to be at discretionof board of directors at not exceeding 6%. See full particulars regardingbonds, property, &c., In V. 87, p. 414.
Dividends.-On pref.. 6% per annum paid up to and including June 1910.On corn., 1906. 2%; 1907, 4%; 1908, 4 1909, June. 21.i% and 134%extra; Dec., 234%; 1910, Mch., 134% extra; Juno 4%.
• Includes $10,000 sinking fund charge In 1909 and 1908.
ROAD.-Operates 32 miles of track,including 10 miles of double track.Rails, 65-lb. and over. 41 open. 39 closed and 7 semi-convertible cars;total, 87.OFFICERS.-Pres., W. M. Kavanaugh; V.-P.. Treas. and Gen. Mgr..
D. A. Hegarty; Sec., Geo. 13. Rose; Aud., W. J. Tharp.-V. 83, p. 38;V. 86, p. 918; V. 87, p. 414, 1664; V. 88, p. 1620; V. 90, p. 698.
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62 ELECTRIC RAILWAYS 1\'oL. Lxxxxi.LONG BRANCH, N. J.
MONMOUTH cOUNTY ELECTRIC CO.ORG4.NIZATION.-Incorporated Apr. 1 1001 as a reorganization of
the Atlantic Highlands Red Bank & Long Branch Electric By. In April1903 was granted a 45-year franchise to operate in Long Branch, in con-sideration of which the town is to receive M of 1 % of gross receipts.STOCK AND BONDS- Date. Interest Outstanding. Maturity.
Stock, $500,000 ($50)_ $325,000 let mort., $500,000 ($1001 1901 4 g J-J 500,000 Apr. 1 1951and $1,000) gold__ Oil Int. at Ham. Trust Co.. Blooklyn, Trustee.
Other debts Dec. 31 1909 100,068 ROAD.-Red Bank to Long Branch, 6A miles and Zd track, 2L4 mites;
Red Bank to East Oceanic, 5 miles; In Long Branch. 3 miles; in RedBank, 1 ts miles; total, 1814 miles.EARNINGS.-For calendar year 1909, passenger earnings, $92,935; net
receipts. 526.916; other income. $2,310; fixed charges. $29,828; def.. $602.OFFICERS.-Pres., William F. Hogan, Brooklyn.-V. 72. p. 86, 391.
LONG ISLAND CITY, N. Y.LONG ISLAND CONSOLIDATED ELECTRICAL COMPANIES.ORGANIZATION.-Entire stock is owned by the L mg Island RR. In-
corporated in New York and holds majority of stock of the Huntington RR.and entire stock of the Ocean Electric By.
' the Northport Traction Co., the
Nassau County By., the Glen Cove RR. and the Jamaica & South ShoreRR. Also owns one-half the stock (the Interborough Rapid Transit Co.owning the other half) and bonds of the N. Y. & Long Island Traction andthe Long Island Electric By.STOCK AND BONDS- Date. Interest. Outstanding. MaturifY•
Stock, 125,000 _ _ All owned by Long Island RR.Coll. tr. bonds, -510,000,0001 1905 43 g None.
45gold. guar 1U. S. Mtge. & Trust Co., N. Y. Trustee.Bonds.-Are guar., principal and interest, by Long Island aft.OFFICERS.-Pres.. Ralph Peters; V.-P., C. L.Addison; Sec., Frank E
Haft, N. Y.; Treas., J. F. Fahnestock, Philadelphia.-V. 83, p. 890.(1) Huntington RR.ORGANIZATION.-Chartered in 1890. Majority of the stock Is owned
by Long Island Consolidated Electrical Companies.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $30,000 $30,000 First mortgage, 530,0001 1890 5 J-D 26,000 June 1 1920($500) c Int. at U. S. Mtge & Trust Co., New York
Metropolitan Trust Co , Trustee.ROAD.-Owns and operates a cross-island line from Huntington to
Amityville, via Farmingdale, 18% miles. Opened for traffic Aug. 25 1909.V.89, p. 593.(2) Ocean Electric Ry. •ORGANIZATION.-Incorporated May 1 1897. Entire stock is owned
by Long Island Consol. Electrical Cos. On Sept. 21 1898 acquired Rocka-way Village RR. Co.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock, $50,000 ($100) _ 535,000 First mortgage, $20,000 1898 5 A-0 20,000 ROAD.-Owns 6.50 miles of track, 21 passenger cars and 2 others.(3) Long Island Electric Ry. -A trolley road.In Jan 1906 control passed to the Interborough Rapid Transit Co.
and the Long Island Consolidated Electrical Companies, each owning onehalf the stock and bonds.ORGANIZATION.-Chartered March 13 1897 as New York & North
Shore By. On Oct. 11 1899 was consolidated with the former Long IslandElectric By., new company having $2 100.000 capital stock and $2,100,000bonds. On 'May 7 1902 the lines noith of Jamaica were sold under fore-closure to the Queens By. Co., which company was then merged in theNew York & Queens County 2ty. On Aug. 28 1903 old name of "LongIsland Electric Ry." was resumed. In Aug. 1909 stock was reduced from$2,100,000 to $600,000 by cancellation of $1,500,000 stock originally issuedto represent the piece of road which subsequently became the Queens By.and now forms part of the New York & Queens County By. V.89,p.42, 593.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock, $600,000 ($100) 5600,000L. I. El. 1st M. $600,0001 1895 5 g J-D 600.000 June 1 1925($1,000) -- - . .c*JInt. at Hamilton Tr. Co.. Brooklyn, Trustee.EARNINGS.-For year ending June 30 1910, gross, $196,257; net.$34,433; other income. $1,833: charges and taxes, $44,351; deficit, 58,085.ROAD.-Comprises 26.54 miles of track on 17.34 miles of road from
Crescent Avenue, Brooklyn (at the terminus of the Kings County Elevated),to Jamaica. Hollis and Queens, and from Jamaica to Far Rockaway. 37passenger cars and 6 others.-V. 83. P. 818: V. 88. p. 101; V.89. p. 42. 593,(4) New York & Long Island Traction.-A trolley rcad.On June 20 1905 control was purchased jointly by the Interhorough
Rapid Transit Co. and the Long Island Consol. Elec. Cos. V. 80, p. 2822.The Interborough also controls the New York & Queens County Ry. InOct. 1906 the RR. Commissioners authorized $600.000 new stock, to beissued for the stock of the Long Island Elec. Ry. (see V. 83, p. 818), butIt Is not deemed probable that exchange will be made.ORGANIZATION .-This was formerly the Mineola Hempstead & Free
port Traction (Incorporated on Feb. 27 1899), but name changed As aboveon Sept. 22 1902, and stock increased from 5125.000 to 51,000,000.STOCK AND BONDS- Date. Interest. Outstanding. Last Die.
1902 414 g M-N 1,000,000 Nov. 1 19421st mtge., $1,000,000. goldt Int. at Citizens Say. & Ti. Co., Cleve-($1,000) o. & r ... land, trustee, or at 1st Nat. Bank. N. 1 .Bonds.-Are subject to call at 107 at 30 days' notice, but no sink. fund.EARN INGS.-For year ending June 30 1910, gross, $354,416; net,
$139,646; other income, $20; charges and taxes, $86,843; surplus, $52,823.ROAD.-Operates an electric line connecting Mineola, Hempstead and
Freeport, 7.84 miles. Also operates line from Hempstead west 5.58miles to Queens, where connection is made with the tracks of the LongIsland Electric Ry. Co. Also a line 16.42 miles long from Freeport westerlyvia Rockville Centre, Lynbrook and Valley Stream, to a connection with theKings County Elevated By. at Brooklyn. Also a line from Queens toMineola via Jericho Turnpike, 6.45 miles. Total, 36.29 miles. Total,incl. second track, 40.65 miles. 30 passenger and 8 other cars.OFFICERS.-Pres., C. L. Addison, Long Island City: V.-P., W. 0
Wood; Sec. and Treas.. Frank E. Haft 128 B'way. N. Y.; Gen. Mgr..W. 0. Wood.-V. 83, p. 818; V. 84. p. 868; V. 88, p. 101.
NEW YORK & QUEENS COUNTY RY.32,048 shares out of total issue of 32,350 is owned by the Interborough
Rapid Transit Co. which also owns one-half of the stock of the Long IslandElectric By. and the New York & Long Island Traction.ORGANIZATION.-Incorporated June 29 1896 and reorganized on June
30 1899. Purchased the various lines of railroad in Long Island City knownas the Newtown By. Co.
' the Riker Ave. & Santords Point RR., the Stein-
way Railway the Long Island City & Newtown By. and the Flushing &College Point By. In May 1902 the Queens By. was consolidated with it.and thereupon increased its stock from $2.500,000 to 55,000,000 TheQueens By. succeeded to the property sold at foreclosure of the New York&North Shore By., comprising a line of 6 miles from Flushing to Jamaica,with franchises for lines between Flushing and College Point. Flushing andBayside and Manhasset. V. 74, p. 1197. In Sept. 1906 the RailroadCommissioners granted permission to make a new mortgage for 510,000,000to provide for refunding, &c. V. 82, p. 1439; V. 83, p. 752.The new Queensboro Bridge across 131ackwell's Island was opened in1909. On Sept. 19 1909 the City of New York's municipal trolley acrossthe bridge began operation. The round trip fare is 5 cents. On Dec. 161909 New York & Queens County By. was granted a permanent franchiseto run cars over the bridge. Operation began on Feb. 5 1910. V. 90,p. 373. Through passengers only are carried across the bridge and no extrafare is charged.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock, 55.000.000 ($100) - $3,235,000 Flushing & College Point first( 1895 5 g J-D 50,000 1925mortgage, $50,000, gold ___ INew York Trust Co., Trustee.
Newtown By first mortgage.1 1894 5 g J-D 150,000 Deo 1 1924$150,000 gold INew York Trust Co., Trustee
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Steinway Ry first mortgage1 1892 6 g J-J $1,500,000 July 1 192251,500,000 ($1,000) gold.c• lint. at MortonTrust Co., N.Y. City, Trustee.
New York & Queens County) 1896 4 g A-0 1,300,000 Oct 1 1946first consol mtg. $3,000,000 }Mercantile Trust Co., New York, Trustee.gold, $1,000 each 1 Interest at office of company, New York.
First & refunding mtge, 510,-1 1906 4 g M-N See text Nov 1 1936000,000, gold (11.000)._011Vindsor Trust Co., New York. Trustee.
Current liabilities, matured and unmat., July 1 1909_2,450,376Of the new 510,000,000 mtge., $2,086,827 are deposited as collateral for
loans from Interborough Rap. Transit and $3,065,000 are reserved forprior liens. No sinking fund and bonds are not subject to call. Under theN. Y. & Queens Co. 1st cons. M. there were originally $2,500,000 bonds out-standing, but the company, having defaulted in payment of int.. reorganiza-tion was made, under which the holders surrendered $1,200,000; Interestwas reduced to 4% and the Mercantile Trust Co., N. Y., was made the newtrustee. The said bonds are redeemable at 105 and Interest. V. 69, p. 906ROAD.-The system, with the Queens Railway, embraces 74.47 miles of
trolley track, including main line,40.24 miles; second track, 28.96; sidings,5.27. Rails 77 to 107 lbs., standard gauge; 227 pass. cars, 32 other cars.REPORT.-For fiscal years ending June 30:
Gross, Net, Other Inc. Int.& Taxes. Deficit.1909-10. _51,029,917 $154,2231908-09_ _ _ 938,814 160,357 59,431 $323,950 $154,1591907.08_ 935,000 935,000 125,185 9,856 254.138 119,097OFFICERS.-Pres., W. 0. Wood; Sec., H. M. Fisher; Treas., J. H.
Campbell.-V. 83, p. 752; V. 84, p. 804; V. 86, p. 548; V 88, p. 375.
LOS ANGELES, CAL,PACIFIC ELECTRIC RY.-A trolley road.-(See Map on page 63.)The Southern Pacific Company owns ono-half and H. E. Huntington the
other half of the $20,000,000 stock.ORGANIZATION.-This company was incorporated under the laws of
California in 1001, and is a consolidation of the Los Angeles & PasadenaElectric Ry., Pasadena & Mount Lowe By., Pacific Electric of Arizona, theEast Ninth St. By., the Temple St. Cable By. and the Brooklyn Ave. By.,comprising nearly all the interurban lines in and around Los Angeles.Owns all the stock of Los Angeles Interurban By., which company it alsooperates under lease dated July 1 1908.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
gold ($1,000)__ _cjInt. at Union Tr. Co., San Fran., Trustee.Los. Atm. & Pas. M., $1,000,-000, gold, guar.I$1,000) c* 1898 5 g J-J 1,000,000 Jan. 1 1928Can be called after Jan. 1 Int. at Ill. 'Ir. & Say. Bk., Chic., Trustee.1908 at 105. or at Chase Nat. Bank, New York.Pee. & Mt. L. mon. 5500,-)MO, gold ($1,000) . c*} 1900 4 g J-D 500,000 June 1 1930Can be called after 1910 MI Interest at Union Trust Co., San Francisco,104 and Interest.'rlItsteeeio Trustee.hBonds.-A sufficient amount 10,000,000 consols is reserved toretire prior issues. Sinking fund is 55,000 per annum,commencing Jan. 11907, for 5 years; then $10,000 per annum to Jan. 1 1917; $15,000 per
annum to Jan. 1 1922; $20,000 per annum to Jan. 1 1927; $25,000 perannum to Jan. 1 1932; 530,000 per annum to Jan. 1 1937 and $35,000 annu-ally thereafter, said sinking fund to be used in the purchase of the bonds,but fund may be invested in other securities if bonds cannot be obtainedat par. • The bonds of the Los Angeles & Pasadena bear the guaranty ofthe Los Angeles Ry.by endorsement. A sinking fund of $10,500 per yearon those bonds began Dec. 1 1908, and bonds may be called at 105 on anyInterest date. The bonds of the Pasadena & Mt. Lowe are guaranteed,principal and interest, by both the Los Angeles By. and the Los Angeles &Pasadena Electric By. A sinking fund for those bonds commences after10 years from date of bonds of $5,000 per annum for first 5 years, $7,500per annum for second 5 years, 510,000 per annum for next 5 years and$12,500 per annum for remaining 5 years. These bonds may be called after10 years on any interest date upon 4 weeks' notice at 104 and interest.ROAD.-The Pacific Electric By. In Aug. 1910 was operating (includingleased lines) 617.69 miles of track.OFFICERS.-Pres., H. E. Huntington; V.-P., W. F. Herrin; Sec. &
Aud., H. A. Culloden; Treas., I. W. Hellman; Gen. Mgr., J. McMillan.-V. 80, p. 651; V. 84, p. 1248; V. 87, p. 936.(1) Los Angeles Interurban Ry.-(See Map on page 63.)ORGANIZATION.-Incorporated in California on June 8 1903 and is aconsolidation of the Los Angeles Traction Co., the Los Angeles & GlendaleBy. and the California Pac. By. The Riverside & Arlington Ry., theSanta Ana & Orange Motor By. and the San Gabriel Rapid Tr. By. havealso been acquired. Stock is all owned by Pacific Electric By., whichlatter company also operates the property under lease of July 1 1908.STOCK AND BONDS- Date. Interest. Outstanding, Maturity.Stock, $10,000,000 ($100)- - $10,000,000 New mtge. $10,000,000, gold1 1903 5 g A-0 9,020,000 1943($1,000), guar c&r1Int. at Union Tr. Co., San Fran., Trustee.Los Angeles Trac, 1st mtge.1 1895 6 g M-N 250,000 May 1915$250,000, gold ($1,000) __1St. Louis Union Tr. Co., St. Louis, TrusteeLos Angeles Trao 1st con M.1 1898 5 g J-D 250,000 Dec 1 1938gold, $250,000 ($1,000) 1St. Louis Union Tr. Co., St. Louis, TrusteeInterest on both above mortgages p.,10 at Chase Nat. Bank, New York.Cal Pacific By 1st mtge. gold1 1901 5 g J-J 480,000 July 1 1941($1,000), guar cattle Ins. & Trust Co., Los Angeles, Trustee.Bonds.-Of the California Pacific By. no stated amount authorized, but
is limited to $20,000 per mile of completed track. No sinking fund on thesebonds, and bonds cannot be called. Interest is payable in N. Y. City.These bonds are guaranteed by the Los Angeles Trac. Co., both principal andint. See V. 75, p. 76. A sinking fund is provided for the new $10,000.000mtge. as follows: 1908 to 1912 Inclusive, 55.000 per annum; 1913 to 1917inclusive, $10,000 per annum; 1918 to 1922, Inclusive, $15,000 per annum1923 to 1927, Inclusive, $20,000 per annum; 1928 to 1932, inclusive, $25,000per annum; 1933 to 1937, inclusive, $30,000 per annum, and thereafter tomaturity, $35.000 per annum. The bonds are subject to call for the sinkingfund at a price to be determined by the directors. These bonds are guar-anteed as to both principal and interest by the Pacific Electric By.ROAD.-In Aug. 1910 comprised 336.33 miles of track. V. 79, p. 627,
2588; V. 80, p. 651; V. 87, p. 936.
LOS ANGELES RAILWAY.Is one of the Huntington properties, Mr. Huntington being reported to
he the owner of 55% of the stock. See V. 80, p. 651. The SouthernPacific Co. owns 45% of the stock.ORGANIZATION.-Successor by consolidation Sept. 20 1898 of LosAngeles By. and Main St. & Agriculturat Park RR. and by purchase of theMateo Street RR. and San Pedro Street RR. V. 68, p. 85. Owns amajority of the stock of the Pacific Light & Power Corporation of LosAngeles.On Sept. 8 1910 the stockholders voted, It is stated, on the question ofincreasing the stock to $15,000,000. V. 91, p. 717.STOCK AND BONDS- Date. Interest. Outstanding. Maturitp.Stock, $5,000,000 (par, 1100)- __ $5,000,000New mortgage, $5,000,000,1 1898 5 g A-0 5,000,000 Oct 1 1938gold ($1,000 eaoh) c*1Int. at co's office, San Francisco, Cal.The trustee of the new mortgage of 1898 is the Union Trust Co. of SanFrancisco, Cal. On 30 days' notice Interest may be made payable at theNational City Bank, New York.EARNINGS.-For calendar year 1008. gross. $3,558,611. In 1907.gross, $3,558,938. In 1906, gross. $3,276,130; net, $944.279.ROAD.-Comprises 215.73 miles of track.OFFICERS.-Pres., H. E. Huntington; V.-P., W. F. Herrin; Treas..I. W. Heilman; Sec., 0. A. Henderson, Los Angeles; Gen. Ig_gr.. HowardHuntington, Los Angeles.-V. 80, p. 651; V. 86, P. 52, 1224; V. 91. P. 717.(1) Pacific Light & Power Corp. of Los Angeles.-An electric company.Owns all the stock of the Ontario & San Antonio Heights RR., the Men-
tone Power Co., the Riverside Power Co. and the Domestic Gas Co. of LosAngeles. Has contract to purchase stock in the Sierra Power Co., whichhas $8,000 bonds out; the Mentone Power Co. has 537,000 bonds out.ORGANIZATION.-Incorporated in California on Jan. 12 1910 as are-Incorporation of the Pacific Light & Power Co. in order to provide addi-tional capital. V. 90. p. 240. The Pacific Light & Power Co. had absorbed
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66 ELECTRIC RAILWAYS [VOL. LXXXXT.
the San Gabriel Elec. Co. and the San Bernardino Gas & Elec. Co. Sup-plies power to the Los Angeles Ry. Co., the Pacific Elec. Ry. Co., the LosAngeles Interurban, the San Bernardino Valley Trac. Co., the Los Angeles &Redondo By. Co. and the Riverside & Arlington Heights RR. Co. anddoes a general lighting and power business in Los Angeles and vicinitySTOCK AND BONDS- Date. Interest, Outstanding. Maturity
Common 525,000,000 ($100)_1st pf$5,000,000 6% cum($100) See text 2d pref $10,000,000 ($100) See text. Pacific Light & Power Co.} 1902 5 g J-J '8.826,000 July 1 1942
first mortgage $10,000,000 Int. at Union Trust Co., San Fran., Trustee,gold ($1,000) c• or Nat. Bank of Commerce. New York.
Out & San Ant Hts 1st mtgel 1910 6 g F-A 300,000 Feb 1 1935$1,000,000 gold ($1,000) csjInt. at Southern Tr. Co., Los Aug., Trustee*52,350,000 of outstanding bonds are guaranteed, prin. and int., by
Los Angeles By. V. 86, p. 55.Stock.-lst and 2d pref. to be exchanged for Pac. Lt. & Pow. Co. stock.Bonds.-$349,000 are reserved to retire a like amount of bonds of the
San Gabriel Electric Co., $685,000 have been retired by sinking fund and$140.000 remain in treasury. Only $2.350,000 of the bonds are guaranteed(p. do 1.) by Los Angeles By. V. 86, p. 1227. Bonds cannot be called.A sinking fund commenced on Jan. 1 1905 of 2% of bonds outstanding forfirst 5 years and on and after Jan. 1910 23% until and including Jan. 11942, said fund to be invested in the bonds at not more than 110: otherwisein other securities. Ontario & San Antonio Heights bonds subject to callat 101 and Int. after 3 years from date. Sink. fd. after 1st 3 yrs., 1% ofoutstanding bonds for 5 yrs.; thereafter 2% & int. on bonds_retired. V.90, p. 1296.PLANT.-Generates electricity for light and power. Present generating
capacity, 43,000 h.-p. Water power, also steam plant, in Los Angeles.Has 15,000 h.-p. plant on Kern River, 125 miles from Los Angeles. Twoseparate transmission lines running the entire distance are used. Hydraulicplants at Azusa, at San Antonio, at Mentone and at Riverside. 20.000 h.-p.steam plant at Redondo. V. 86, p. 55. Additional 35,0001h. p. being in-stalled at Redondo. Also owns Ontario & San Antonio Heights RR..which operates 7 )4 miles from Ontario through Uplands to San AntonioHeights. An extension from Uplands to Pomona Is under construction.OFFICERS.-Pres., William G. Kerckhotf; V.-P., H. E. tluntington:
Compt.. A. N. Kemp: Gen. Mgr., A. C. Balch.-V. 86, p. 55, 671, 1227:V. 90, p. 240, 632, 703; V. 91, p. 155.
LOS ANGELES PACIFIC CO.-An electric road. In May 1910 It wasreported that Southern Pacific owned all of the stock. V. 82, p. 751;V. 90, p. 1363.ORGANIZATION.-Successor In 1905 to the Los Angeles Pacific Bad'
road, which was organized June 4 1898. In Jan. 1904 purchased the LosAngeles Ocean Park do Santa Monica RR. V. 78. p. 342.In Jan. 1910 stockholders authorized an issue of $20,000,000 40-year 4%
bonds, to provide for improvements and additions, and for retirement.$ for $, of existing bonds. V. 85, p. 531; V. 87. p. 1358; V. 89, p. 1411:V. 90, p. 236.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $15,000.000 ($106)- $15,000,000 Los Angeles Pacific RR 1st f 1898 5 J10-D40 21,000 June 10 1928
mortgage. 51,000,000 goldi Int. at Broadway Bank do Trust Co.. Los($1,000) I Angeles, Trustee; Ill. Tr. & Say. Bk..
I Chicago, or Chase Nat. Bank, New YorkLos Angeles Pacific RR first) 1901 5 A-0 1,454,000 April 1 1931con mtge, $1,500,000, gold }Broadway Bk. do Tr. Co., Los Aug.. Trustee.($1,000) Int. at Crocker Nat. Bk., San Francisco.
Los Angeles Pacific RR first) 1903 5 g M-S 3,323,000 Sept 1 1943and ref mtge. $5,000,000, }Int. at Los Angeles Trust Co., Trustee, orgold (51.000) c1 at U. S. Mort. do Trust Co., New York.
Los Angeles Pacific Co gen 1906 5 g J-J 1,913,000 Jan 2 1946consol mortgage $12,500,- }Int. at Union Trust Co., San Fran., Trustee,000, gold ($1,000)sk fd__c• I or at Farmers' & Mech. Nat. Bank, Los
1 Angeles, or Chase Nat. Bank, New York.Los Angeles Her B ds Red M,1 1902 5 g M-N 74,000 May 1 1942
$500,000, gold ($1,000)_ Interest at Crocker Nat. Bk.. San Francisco.Los Ang Pac Co 1st ref mtgea 1910 4 g J-J 3,871,000 Jan 1 1950
$20,000,000, g (51,000)_c•jUnion Trust Co. of San Francisco, Trustee,Bonds.-Of the $5,000,000 1st and ref. bonds authorized, enough are
reserved to retire prior liens. A sinking fund began in 1908, to which $50,-000 per annum is payable the first 5 years. $60,000 per annum the next 5years, $70,000 per annum the next 5 years, $80,000 yearly the following 5years, $90,000 per annum the next 5 years, $100,000 yearly the following 5years and $150,000 per annum thereafter. These bonds are not subject tocall. On the new bonds of 1906 the following sums are payable annuallyto a sinking fund: 1911 to 1915, $10,000 per annum; 1916 to 1920, $15,000per annum; 1021 to 1925, $40,000 annually; 1926 to 1930, $75,000 perannum; 1931 to 1944, $80,000 annually, and 1945 to 1946, $90.000 perannum. Of the $12,500.000 authorized, $5,000.000 are reserved for priorliens. Of the $20,000,000 bonds of 1910, $10,656,000 are reserved to retireall underlying bonds and remainder for extensions, improvements, &c.They are subject to call as a whole or in part on and after Jan. 1 1915 onany int. date at 105 and int. on 3 months' notice. Int. payable at com-pany's office or agency in N. Y. Sink. fd. of $5,000 per annum.EARNINGS.-For calendar year 1905, gross, 51,154,519; net, $419,384.ROAD.-Owns four lines of trolley road from Los Angeles to the Pacific
Ocean, the entire local system of Santa Monica, with branch lines fromLos Angeles to Hollywood, Colegrove. Westgate, Redondo Beach, SoldiersHome and Inglewood, constituting 71.16 miles of double track; total mileage,215 miles of single track. Operates power house at Vineyard, withmachine shops and car shops at Sherman.OFFICERS.-Pres., R. C. Gillis; V.-Ps., Paul Snoup and M. H. Sher-
man; Sec., Geo. L. Bugbee; Treas., Farmers & Merchants National Bank,Los Angeles.-V. 87, p. 1358; V. 89, p. 1411; V, 90, p. 236,1363.
LOS ANGELES & REDONDO RY.-A trolley road.In July 1905 H. E. Huntington purchased the entire capital stock.
V.81, p. 211.INCORPORATION.-Incorporated In California. Capital stock was In-
creased in Oct. 1907 from $500,000 to $5,000,000.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $5,000,000 ($100) - - $5,000,0001st mortgage, $500,000, goldi 1902 5 g J-J15 500,000 Jan 15 1932($1,000) c• lint. at Union Trust Co.. San Fran. Trustee.
General mortgage $5,000,0001 1908 5 g A-0 4,372,000 Oct 1 1958gold ($1,000) jInterest at Los Angeles Trust Co., Trustee.Bonds.-$500,000 gen. mtge. bonds are reserved to retire first mtge.
bonds. V. 90, p. 236. Sinking fund of $2,500 annually first 5 years,increasing $2,500 each 5 years thereafter, is operative on gen. mtge. bonds.$1,750,000 bonds arc deposited under the 3-year deben. notes of 1910 of theHuntington Land & Improv. Co. V. 91. p. 717.EARNINGS.-For year ending June 30 1910, gross, $730,909; net, $241,-
856. In 1908-09, gross, $532,076; net, $167,928.ROAD.-Operates 84.86 miles of track. Gauge 334 feet. Operated by
electricity. Cars equipped with 4 motors of 60 h.-p. each. Passengercars. 44; freight and miscellaneous, 105.OFFICERS.-Pres., L. T. Garnsey; V.-Ps., H. E. Huntington and How-
ard Huntington; See. & Treas., C. A. Henderson; Mgr., C. H. Burnett.-V. 87, p. 415; V. 90, p. 236; V. 91, p. 717.
LOUISVILLE, KY.LOUISVILLE TRACTION CO.-A holding company.ORGANIZATION.-Incorporated in New Jersey on July 5 1903, and has
acquired practically all of the stock of the Louisville By. Co Holders ofcommon stock of Louisville Ry.. on payment of $55 in cash, received threeshares of new common stock in exchange for each share of old stock held.Holders of the old preferred stock of the Louisville By. received share forshare of new preferred, with a bonus of 20% in common. The new com-pany provided the Louisville Ry. Co. with needed money to be used forImprovements, the railway company Issuing $1,100,000 common stocktherefor. See V. 79, p. 968. The Traction Co. In March 1906 sold $912,000additional stock to shareholders at par. See V. 82, p. 692. In April 1907authorized common stock of the Traction Co. was increased from $12,000,-000 to $15,000.000. V. 84, p. 931. In April 1008 preferred stock wasIncreased from $2,500,000 to $3,500,000 and the additional $1,000.000offered to stockholders at par, all of which was taken.The old Louisville By. Co. was incorporated Jan. 22 1867, and Is a Ken-
tucky company, owning all the street railways in the city of Louisville and
Its suburbs. It has $5,500,000 common stock and $2,500,000 preferredstock, practically all owned by the Louisville Traction Co. Franchisesare partly for 99 years and partly perpetual.The Louisville do Interurban By. has been organized in the Interest of
the Louisville By. to construct a system of urban and interurban lines. Ithas been authorized to borrow $3,000,000. Up to Sept. 1910 no securitieshad been issued except $1,500,000 stock to Louisville By. Co. The Louisv.& Interurban has also acquired controlling interest in Louisville do Eastern,now in receiver's hands-see the latter belowSTOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Common, $15,000,000 -_ ___- --- Q-J $11,889,700 Oct. '10, 1%Pref., 5% cum., $3.500,000 _ ....- A-0 3,500.0000ct.'10.234%Louisville Ry gen mtge, gold,' 1910 5 g F-A 1,500,000 Feb 1 1950
$20,000,000 ($1,000) jInt. at Fidelity Trust Co., Louisville, TrusteeLouisville By, cons. M., gold, I 1890 5 g J-J 5,997,300 July 1 193056,000,000 (listed N Y) c l'i Interest payable by Seligman & Co., N. Y.
I Fidelity Trust Co., Louisville, Trustee.Louisville By 2d mtge. $2,- 1 1900 43i g M-S 2,000,000 Mch. 1 1940000,000, g ($1,000) lint. at Columbia Tr. Co.. Louisville, Trustee.Bonds.-$8,000,000 of the gen. M. bonds of 1910 are reserved to retire
prior liens; the remainder is for extensions and Improvements. Bonds arenot subject to call.
Dividends.-On Traction pref., 5% per annum. On corn, the first semi-annual dividend, 1K%. was paid Oct. 1 1904. In 1905, 3%. In 1906,4%. In 1907, 4%. In 1908, 3%, In 1909, 4%. In 1910, Jan., 1%;April, 1%; July, 1%; Oct., 1%,ROAD.-Owns 165 miles of track on 723i miles of street, with 13 34 miles
outside city limits; all is electric. Affords entrance Into Louisville for theLouisville & Eastern RR., the Louisville do Northern By, do Lighting Co.and Louisville & So. Ind. Traction Co. The Louisville & Interurbanoperates 52 miles of track in Jefferson County.REPORT.-01 Louisville Railway Co. for fiscal years ending Dec. 31.
3,525• In 1909, $25,000 was set aside to accident fund, leaving surplus, 56,691.OFFICERS.-Pres., T. J. Minary; V.-P., A. P. Humphrey; Sec. and
Treas., Samuel G. Boyle. V. 86, p. 168. 857; V. 87. p. 544; V. 88, p. 375,506, 564, 686, 823; V. 90. p. 167, 372, 503, 977, 1101
LOUISVILLE & EASTERN RR.-A trolley road.Louisville & Interurban owns all the bonds, construction notes, receiver's
ctfs. &c., and about all the stock of the company.Riceivership.-On Oct. 23 1908 Henry Glover of Louisville was appointed
receiver. V. 88, p. 1160. For the purpose, it is supposed, of getting aclear title, suit has been brought to foreclose the $650,000 mtge. V. 88.p. 375. On June 11 1909 Judge Evans authorized $337,624 receiver'scertificates, to complete extension to Shelbyville. Receiver was also author-ized to pay $16,250 on account of past-due coupon. V. 88, p. 1560.STOCK AND BONDS- Date. Interest, Outstanding. Maturity.
f 1906 5 g A-0 501st mortgage, 52,000 000. gi Int. at Merchants' Nat6.13100nk.Al95Boston,1 o6r
($500 63 $1.000). $ 1 Fourth Nat, Bank, New York.(Old Colony Trust Co., Boston. Trustee.
Receiver's certificates 440,000 Bonds.-Of the $2,000,000 authorized, the balance unissued is reserved
for extensions, &c. See V. 82, p. 987. A sinking fund of 1% per annumof bonds out is operative from 1911 to 1931; thereafter 2% per annum.Bonds are subject to call at 110 and interest.EARNINGS.-For fiscal year ending Dec. 31 1909, gross, $147,499; net.
after taxes, $50,807. In 1908, gross, $143,661; net, after taxes, $53,510.ROAD.-Operates 27 miles between Louisville, Beards and La Grange,
on private right of way. 70-1b. rails. An extension from Lakeland toShelbyville, 23 miles, began operation Aug. 20 1910, making 50 miles oftrack. 10 passenger cars and 2 express cars.-V. 86, p. 1344; V. 87, P•177, 873, 1160; V. 88, p. 1560; V. 91, 13• 463.
INDIANAPOLIS& LOUISVILLE TRACTION CO.-A trolley road.ORGANIZATION.-Incorporated in Indiana in 1905 under the general
railroad laws. Franchises in cities and towns are for 50 years from 1905;remainder is on private right of way.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, 52,500,000 ----- $2,500,000 Pref. $500.000(5100) 100.000 1st mortgage, $1,250,000, g1 1906 5 C A-0 1,250,000 April 1 1936($1,000) c• !Int. at Colonial Trust Co., Pittsb., Trustee
Second mortgage, $600,000___ 400,000 Bonds.-On 1st mtge. bonds a sinking fund of 5% per annum of gross
earnings commences April 1 1916. They are subject to call on any int, dateat 105 and int. $400,000 2d mtge. bonds were issued in lieu of coll, trustnotes of 1907. V. 89, p. 1668.EARNINGS.-For year ending Dec.31 1909, gross, $110,090; net, $36,624;
1st 8 mos. of 1910, gross, $79,390; net, $31,528.ROAD.-40.9 miles of track from Sellersburg (from which point cars
are run Into Louisville over tracks of Louisville & Northern By. & Ltg. Co.)to Seymour, from which place it enters Indianapolis over the tracks of theInd. Col. & South. Through cars from Louisville to Indianapolis were putin operation in 1908. Standard gauge; 75-lb. T-rails.OFFICERS.-Pres., Jerome Hill ouisville; V.-P., Wm. Flinn,
Pitts.; Sec. do Treas., Jas. C. Chapin, Jr..Atts.; Mgr., Martin J. Insull, NewAlbany, Ind.; Supt., H. D. Murdock. Scottsburg, Ind. General offices,Scottsburg, Ind.-V. 83, p. 155, 562, 1290; V. 85, p. 793; V. 89, p. 1668.
LOUISVILLE & NORTHERN RAILWAY & LIGHTING.ORGANIZATION.-Incorporated under the general railroad laws of
Indiana in Dec. 1905 $900.000 of the $1,000,000 stock of the UnitedGas & Electric Co. and $232,700 stock of the New Albany Water WorksCo. are deposited under this company's mortgage. Has purchased theelectrical equipment of the Kentucky & Indiana Bridge Co., and leases thebridge for 25 years, thus affording independent entrance into Louisville.Company does electric lighting and express and freight business In additionto passenger business. Road is mainly on private right of way.STOCK AND BONDS- Date. Interest. Outstanding, Maturity,
Common, 53,500.000 - _ _ _ 53,500,000 Prof, $1,500,000, series A -- -- Q-J 1,500,000 See text1st mortgage, $2,500,000, gf 1905 5 g J-D 500,000 Dec. 1 1925($500 and 51.000) c'i Int. at Amer. Tr. do Say. Bank, Chicago,
Trustee, or at Eliot Nat. Bank, Boston.Bonds.-Unissued bonds can only be issued for 80% of cost of property
built or acquired. Are subject to call after Dec. 11010 at 105 and interest.V. 82, 13. 868-Stock.-The Series A pref. stock is 8% cum., the Series B is cum. and
is entitled to 2% in 1906, 3% in 1907, 4% in 1908, 5% in 1909 and 6% in1910 and thereafter.
Dividends.-Dividends from July 1 1906 on both classes of pref. stockhave been paid at rates called for up to April 1909, when 5i% was paid onboth classes; same amount quar, since to and incl. Oct. 1910.ROAD -Operates 20 miles of track, Louisville to Charlestown, with a
line branching off at Watson and running to Sellersburg. At Sellersburgconnects with the Ind. & Louisv. Traction Co., running to Seymour, whereconnection is made with the Ind. Col. & So., thus forming a through linebetween Louisville and Indianapolis. The line from Louisville to Charles-town will form part of a through line between Louisville and Cincinnati.Standard gauge. 70-lb. T rail.OFFICERS.-Pres.. Samuel Insull, Chicago; V.-P. and Treas.. R. W
Waite; Sec., F. J. Stratton Gen. Mgr., Martin J. Insull.-V. 82, p. 509, 868.(1) United Gas & Electric Co.ORGANIZATION.-Incorporated in Indiana in 1902 and acquired the
New Albany Gaslight & Coke Co.. New Albany Light, Heat do Power Co.Jeffersonville Electric Light, Heating, Gas & Coke Co. and JeffersonvilleLight & Water Co.; also controls the Louisville & Southern Indiana TractionCo Does entire gas and electric-lighting business in New Albany andJeffersonville, and supplies also Port Fulton, Silver Grove. Clarksville andCharlestown. Franchises, 45 years in New Albany and 50 years in Jeffer-sonville from 1902; in other towns from 20 to 40 years. Guarantees the$250,000 first mortgage bonds of New Albany Street Railway Co.
Is
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT. 1910.1 ELECTRIC RAILWAYS 67
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock, $1,000,000 ($100) . $1,000,000First mortgage $750,000 ($1-f 1902 5 g J-J 736,000 See text.000) gold csi Interest at American Trust & Say. Bank,
Chic., Trus., and at Eliot Nat. Bk.. Bost.First consolidated mortgage ) 1904 5 g J-J See text See text.
$1,500,000 gold ($500 and }Interest at American Trust & Savings Bank$1,000) c•J Chic., Trus., or at Eliot Nat. Bk., Boston.
Notes $500,000 6% gold ($1,-1 1907 6 F-A 440,000 Aug 1 1912000. $500 and $100) c1Int. at Central Tr. Co. of Ill., Chic., TrusteeBonds.-3736,000 new consols are reserved to retire a like amount of
first 5s; $365,000 are reserved for future betterments and improvements,$385,000 are outstanding to secure the note issue and $14,000 have beenretired. Both issues mature serially from 1907 to 1942, but the bonds of1902 may be called after July 1 1912 at 105 and interest; the new consolsafter July 1 1924 at 105 and interest. See V. 79, p. 2458. The 1907 notesare secured by 110% of the 1904 consolidated mortgage bonds. Can becalled at 101 and Interest on 30 (lays' notice. Unissued notes are reservedfor future improvements. V. 85, p. 1466.EARN INGS.-Fot years ending May 31:
Net earnings $117,618 $110,072 $99,878 $89,688Interest 66,484 52,404 46,499 46,641
Balance $51,134 $57,668 $53,179 $43,045OFFICERS.-Pres., Samuel Insult, Chicago; V.-P. and Treas., R. W.
Waite; Sec., F. J. Strattor; Gen. Mgr., Martin J. Insull; Supt., J. W.Dunbar. V.80. p. 1236; V 81, p. 1794; V.82, p. 871; V.85. p. 737, 1466
(a) Louisville & Southern Indiana Traction Co.
ORGAN IZATION.-Incorporated in Indiana under the General RailroadLaws in 1903, and is successor to the Southern Indiana Interurban RailwayCo. Leases the New Albany Street Railway Co. for 25 years from Aug. 11903 (with privilege of renewal for 25 years) at a yearly rental of $500, theInt. charges and taxes and divs. of 4% on $100,000 preferred stock. V. 77,p. 769. In Sept. 1904 acquired the Highland RR. for $10,000 in bonds:V. 79, p. 1643. In Dec. 1005 acquited the Jeffersonville City Ry. See V.81, p. 1792. Is controlled by the United Gas & Electric Co., which seeabove. Franchises owned are for 50 years; also permitted to carry freight.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common, $2,000,000 ($10) $2,000,000 Pref 6 % cum. $1,000,000 ($10) 434,980 First mortgage $1,000,0001 1903 5 g M-S 15 1,000,000 Sept.15 1923
gold ($500,000 and $1,000) }Int. at Amer. Trust & Say. Bank, Chicago.c• j and U. S. Trust Go., Louisville, Trustees.
New Albany St. By $250,0001 1902 5 F-A 250,000 Aug. 1 1927($1,000) guar ptin do interl int, at U. S. Trust Co., Louisville, trustee.
Bonds.-No sinking fund, but bonds are subject to call after 10 years at105 and interest. See V. 77, p. 769, 2339. The New Albany Street Ry•bonds are subject to call on any interest date at 105 and interest and areguaranteed by United Gas do Electric.EARNINGS.-For fiscal year ending July 311007: Gross, $257,972; net,
ROAD.-Operates 33 miles of track, including 105.5 miles leased fromNew Albany Street Ry., and also line between New Albany and Jeffersonvine, and city lines in Jeffersonville. An extension to Louisville was com-pleted in Sept. 1905. Has a contract with "Big Four" Rit, for the useo its bridge over Ohio River and with Louisville Railway Co. allowing itsears to enter Louisville. Has erected an interurban terminal on Third St..Louisville. Girder rails, 00 lbs., T rails 75 and 7714 lbs.OFFICERS.-Pres. Samuel Insult. Chicago; V.-P. and Treats., R. W.
Waite; Sec., F. J. Strattor; Gen. Mgr.. Martin J. Insull.-V. 81, p. 1792.
LOWELL, MASS.LOWELL & FITCHBURO STREET R Y.-A trolley road.
Default.-Default occurred in payment of interest on July 1 1908. InJune 1909 a protective committee of the Lowell ec Fitchburg Electric Co.undertook to raise funds to pay off the floating debt of the Lowell & Fitch-burg Street Ry. See item in V. 88, p. 1560. Part of debt was arranged.
ORGANIZATION.-Incorporated In Massachusetts in 1903.
STOCK AND BONDS- Date. Interest. Outstanding. MaturityStook, $275,000, $100------- ----- -. $275,000 First mortgage, 51 000,0005 1908 5 g J-J 275,000 Jan. 1 1926
gold ($1,000) no St.lint, at (In. Sec. L. I.& Tr. Co.. Phila., Trust.Bonds.-Are subject to call at 105 and interest on any interest date.EARNINGS.-For year ending Sept. 30 1000, gross, $46,510; surplus,
from operation. $5,467; other income, $505; charges, $14,739; deficit, $8,767.ROAD.-Operates 14 miles from Lowell, where it connects with the
Lowell system, to Ayer, where connection is made with the Fitchburg &Leomlnster Street Ry. Also a branch, about 5 miles, from North Chelms-ford to Westford. 0 cars; 1 snow-plow.OFFICERS.-Pres., James W. Green, Ayer; Sec.. C. Parsons, Ayer;
Treas.. Jeremiah Wood.-V. 83, p. 38; V. 88. p. 1560.
McALESTER, OKLA.CHOCTAW RAILWAY & LIGHTING CO.
In Fel). 1908 there was a change in control and officers elected as below.ORGANIZATION.-Incorporated in June 1905 as successor to the
Indian Territory 'fraction Co. and Choctaw Electric Co. Does a freightbusiness and furnishes power for lighting. Light and power franchiseperpetual; railway franchise expires in 1942.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, corn.. $750,000 $463,500 Preferred, $250,000_ 248,500 1st mtge. $1,500,000 gold 1908 5 M-S 843,500 Mar. 1 1938($500 and $1,000) 'McAlester Trust Co., Trustee.Bonds.-Interest is payable at Colonial Trust & Say. Bank, Chicago;
Nat. City Bank, N. Y., and Mercantile Trust Co., St. Louis. Bonds aresubject to call after 1913 at 105. Remaining bonds may be issued, undercertain restrictions, for additions and acquIsItions. V. 88, p. 1619.EARNINGS.-For calendar year 1909, gross, $167.767; net, $74,290.
In 1908. gross, $140,871; net, $54,331:ROAD.-Operates in cities of McAlester and Hartshorne, and an inter-
urban, over private right of way, between the two cities. 23.26 m. of track.Standard gauge; rail, 66-70-lb. T. 12 passenger cars, 7 other cars.OFFICERS.-Pres., William Busby; V.-P., C. W. Dawley; Sec. & Treas.,
Chas. E. Rohrer; Aud., 0. C. Jacobs; Purch. Agent, R. H. Busby, all ofMcAlester.-V. 78. p. 2334; V. 80, p. 2458; V. 81, p. 264; V. 86, p. 546:V. 88, p. 1619.
-McKEESPORT, PA.
PITTSBURGH McKEESPORT & WESTMORELAND RORGANIZATION.-Incorporated in Pennsylvania in 1906, and on
Jan. 29 1910 took over the Pittsb. & Westmoreland Ry. Co. (V. 90, p.111),exchanging, bond for bond,with the exception that the coupons for 3 yearsfrom Dec. 11908 have been removed and placed with a fiscal agent for collec-tion or cancellation, as the case may be. depending upon the sufficiency ofearnings. All but about $2,500 bonds (out of total issue of $350,000) havebeen exchanged.Franchises perpetual and permit the carrying of freight and coal.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock, $2.000,000 ($50) . $500,000 1st mortgage $2,000,000 gold 1906 5 g J-D 431,500 Dec. 1 1936($500 and $1.000) c• Interest at Harrisburg Trust Co., Trustee.Bonds.-Bonds have no sinking fund, but are subject to call at 110 and
Int. on and after Dec. 1 1916. V. 89,p. 904.ROAD.-Ituns between Irwin and McKeesport, about 11 miles, using
West Penn fly. Into McKeesport. Road from McKeesport to West New-ton, via Irwin, and an extension from West Newton to Ilerminie expectedto be in operation in spring of 1911. Gagne, 5 ft. 2 M inch. 70-lb. 'I' railand 73 and 90-lb. girder.OFFICERS.-Pres., Manning StIres, McKeesport; V.-P., T. I. Robert-
son, West Newton; Treas., George D. Cook, 71 Broadway, New York;Sec., T . Frank Wolf, West Newton.-V. 83. p. 403; V. 85, p. 346; V. 87,p. 1421; V. 88, p. 565; V. 89, p. 994; V. 90, p. 111.
MACON, GA.MACON RAILWAY & LIGHT CO.ORGANIZAU'ION.-Incorporated in Georgia on Oct. 23 1902 by the
Railways & Light Co. of America as a consolidation of the Macon Consoli-dated Street By., the Macon Electric Light do By., the North et SouthMacon Street By. and the Metropolitan Street Ry. The city ordinance per-mitting the consolidation, passed on Sept. 16 1902, provided that at least5150.000 should be expended for improvements within two years, and granteda 50-year franchise. For terms, see V. 75, p. 733. Voting trust in stockwas dissolved in Sept. 1905.STOCK AND BONDS- te, trt standing, Maturiffi.
Common. $900,000 ($100)-----------------$900,000Pret., $300,000 ($100) 6% cum ____ 6 A-0 300,000 Apr.'10,Mae Ry & Lt first cons mtge gf 1903 5 g J-J 1,000,000 Jan. 11053$1,000,000 ($1,0001 _ ..._c•lInt. at Tr,,st Co. of America, N.Y., Trustee.
Mac Mee Lt & Ry first mtgel 1899 6 g J-J 42,500 Jan. 1 1929$100,000 ($500) gold_ _ c•1 Int. at Bowling Gmen Tr. Co., N. Y. Trust.Bonds.-Mae. Ry. et Lt. 1st consols are subject to call on any interest
date at 110 and Int. $41,000 bonds and $28,700 stock are held bySavannah Trust Co. to retire the $42,500 bonds remaining out. See V.76, p. 212.
Dividends.-6% per annum has been paid on preferred 1903 to 1909inclusive. In 1910, April, 3%.ROAD.-Owns and operates about 32 miles of track, all of which has
been re-laid with 70 lb rails.REPORT.-For years ending Dec. 31:
Calendar Gross Net Int. and Div. on Other Balance,Years- earnings, earnings, taxes. pre./ .(6%). exp. surplus
1909 $389,595 $178,618 $67,499 $17,016 $10,828 $83,2751908 358,018 159.633 65,817 17,016 22,911 53,889OFFICERS.-Pres., W. J. Massee; V.-Ps., M. Felton Hatcher and J. C.
Walker; Sec. and Treas., J. H. Hertz; Gen.Mgr., J. T. Nyhan.-V. 78, p.348; V. 81, p. 508; V. 85, p. 1005; V. 86, p. 421, 1664; V. 89. P. 529.
MADISON, WIS.SOUTHERN WISCONSIN RAILWAY CO.-A trolley road.ORGAN IZATION.-Successor to the Madison dc Interurban Traction Co.,
which was incorporated In Jan. 1905, and on Sept. 1 1905 purchased theMadison Traction Co., which was itself successor to the Madison Electric By.Franchises expire in 1932, 1938 and 1944, and are practically exclusive.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $100,000 ($100) -- $50000 mad & lnterur Trac 1st mtgel 1906 5 g M-N 685,000 May 1 1931$685.000 gold ($1.000) „cfInt. at Citizens' Say. & Tr. Co.. Cleve., Trus.
Gen mortgage, $2,000,000 gl 1907 5 g J-J 500,000 June 25 1932($500 and $1,000) eel Int. at Merch. Loan & Tr. Co., Chic., trustee.Bonds.-Mad. & Interu. Trac. mtge. was for $1,200,000, but mtge. was
closed and only $685,000 issued, the balance being canceled. Whole issuecallable on any Int. date at 102 and Int. on 60 days' notice; no sink. fd. Ofthe gen. mtge., $685,000 are reserved to retire above prior liens.ROAD.-Owns 14 miles of standard-gauge track, including lines in Madi-
son, and extension to Fair Oaks, Elmslde, Lake Park Cemetery and SouthMadison.REPORT.-Year ending Dec. 31 1909, gross, $162,550; net, after taxes,
$80,791; in 1908, gross, $156.157; net, after taxes, $69,486.OFFICERS.-Pres., F. W. Montgomery; V.-P.. Dudley Montgomery.
Sec. and Treas., Warren Montgomery; Supt., D. Montgomery.-V. 72. p.438: V. 73. p. 494, 663; V. 79, p. 501; V. 80, p. 1174; V. 83, p. 96, 156.
MANCHESTER, N. H.MANCHESTER TRACTION, LIGHT & POWER CO.ORGANIZATION.-Incorporated in 1001 in New Hampshire and com-
prises the several light, power and street railway properties In and acroundManchester. The company owns the stock of the Manchester Electric Co..which controls the Manchester Electric Light Co. and the Manchester StreetFIN.' also owns entire $175.000 stock of the Manchester & Derry Street By.Manchester St. Ry, stock now authorized and issued, $1,219,500.In Juno 1906 Manchester Traction Light & Power acquired the entire
$200,000 (now $240,000) capital stock of the Goffs Falls Litchfield & HudsonStreet Ry. (name changed in Feb. 1907 to Manchester & Nashau StreetEly.) and issued $350,000 stock to pay for the same and to provide cost ofImprovements, &c. See V. 82, p. 1380.In Nov. 1908 the Comm. authorized the Manchester Trac. Lt. & Pow. Co.
to issue $400,000 additional stock to take over the stocks of the Manchester& Nashua St. Ry. and the Manchester & Derry St. By. At the same timethe Comm. authorized an increase of $40,000 in stock of the former com-pany and $50,000 increase in latter company's stock. V. 87, p. 1420.Franchises perpetual.
gold ($1,000) c• Interest at American Trust Co., Boston, Tr.Manchester Electric Light Co
first mortgage, $250,000_ _ -f 1897 5 g A-0 250.000 Oct. 1 1917Goffs Falls !itch & (Tud lit M5 1906 5 g J-D 200,000 June 1 1926
gold $300,000 _ Trust ($1,000)_-_1Interest at American Tst Co., Boston, Tr.Man & Derry St Ry 1st mtge, I 1907 5 J-D 125,000 l)ec 1 1927$500,000 ($1,000), guar__ f Int. at American Trust Co.. Boston, Trustee.
Bonds.-Of the new first consolidated mortgage $250,000 are reserved toretire the bonds of the Manchester Electric Light Co. The GoffsFails Litchfield & Hudson and the Manchester & Derry St. By. bondsare guar. prin. and int. by Man. Tree.. Lt. & Power Co.
1 tk)A D. -The different roads controlled comprise 58.15 miles of track asfollows: Manchester Street LW., 37.24 tulles; Manchester & Nashua St.Ity. (formerly Goffs Falls Litch. & Bud. St. fly.) 12.75 tulles; Manchester& Derry St. fly., 8.1e. miles.Dividends.-Firet dividend of 3% on July 15 1901, in 1902. 6%; in 1903
(chanced to quarterly,. 7 %; in 1904, 6% ; in 1905. 6%: in 1906, 7 %; In1907, 8 A%; 1908, 8%; 1909, 8%; In 1910, 8%.REPORT.-Of the Mannrocshsester Street Ry. for years ending June 30:
EARNINGS.-Of Manchester Trac., Llght & Power Co. for year end-ing June 30 1910, gross. $455,049; net, $272,481; other Income, $80,730;Interest and taxes, $113,200; dlvs., $224,000; surplus. $16,011.
OFFICERS.-Pres.. William A. Tucker; V.-P. and Gen. Mgr., J. BrodieSmith; Treas., S. Reed Anthony.-V. 86. p. 421; V. 87. p. 1160. 1420.
MANISTEE, MICH.MANISTEE LIGHT & TRACTION CO.
Receivership.-On Jan. 12 1909 Judge Knappen in the Federal Courtappointed John P. Reynolds as receiver, the company having defaultedIn the payment of taxes and interest. V. 88, p. 158. For bondholders'committee see V. 88, p. 506.
ORGANIZATION.-Organized in 1906 In Michigan as a consolidationof the Northern Michigan Traction and North Western Michigan Lt.& PowDoes the gas, electric light and street railway business In Manistee, FiletCity and East Lake. Franchise 30 years from 1904.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $885,000 ($100)- $885,000 Pref cum, $115,000 ($100)_ 115,000 1st mtge, $1,500,000 ($1,000)1 1906 5 g J-J 600,000 July 1 1926g, not redeemable el Int. at New England Tr. Co.. Boston, True.Bonds.-UnIssued bonds can be issued for 80% of cost of extensions.
additions and improvements.
EARNINGS.-For calendar year 1908, gross.$68,768; net, after taxes,$19,810. In 1907, gross, $50,522; net, after taxes, $2,773.
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68 ECTRIC RAILWAYS [VOL. Lxxxxi.
ROAD.-Operates 10 miles of track. Gauge 4 ft. 83 in. 35 to 40-lbT and 85-1b. girder rails. 30 cars. Operates a 50-acre park on Lair(Michigan.OFFICERS.-Pres., Edward M. Deane; V.-P.. Lindsey Hooper; Sec.,
Prank G. Deane; Treas., Raymond E. Preble; Asst. Sec. & Treas.. F. 0Mildram; Gen. Mgr. for bondholders' committee, J. W. Leadley.-V. 85,p. 864; V. 88, p. 158.
MARION, ILL.COAL BELT ELECTRIC. RY.In 1904 passed into control of the St. Louis Iron Mountain & Sou. By. Co.srocK AND BoNDS- Date. Interest. Outstanding Maturity
Stock, $300,000 MOO) _____ - - $300,000 EARNINGS.-For fiscal year ending June 30 1909, gross, $39,604; net
deficit, $2,450.ROAD.-Operates 15.33 miles of track from Marion to Carterville and
Herrin. Standard gauge. 60-lb. T rail.OFFICERS.-Pres., Geo. J. Gould; V.-P., C. S. Clarke; Gen. Mgr., A. W.
Sullivan; Sec., F. W. Iriand; Treas., F. M. Hickman; Gen. Aud., S. B.Schuyler, St. Louis; Supt., J. Burns. Marion.
MARSHALLTOWN, IA.MARSHAL LTOWN 110111 POWER & RY.ORGANIZATIONL-Incorporated in Iowa In 1892. Exclusive rights
till 1917. Runs electric lighting and gas plant and electric railway.STOCK AND BONDS- Date Intercst. Outstanding. Maturity
gold (81,000) f Int. at Ill. Tr. & Say. 13k., Chicago. TrusteeStock and Bonds.-Pref. Is red. at 105 and dly. Bonds cannot be called.EARNINGS.-For calendar year 1909, gross, $111.042 In 1908. gross,
$94,146. In 1907. gross. $88,055.ROAD.-Trolley track, 4 m. Standard gauge. 40 and 60-1b. Trail.OFFICERS.-Pres.. C. D. Jones, Independence, hi.. Sec., S. B. Hovey.
Independence, Ia.; Treas. and Supt.. M. W. Hovey. Marshalltown, Ia.
MASON CITY, IOWA.MASON CITY & CLEAR LAKE RY. CO.ORGANIZATION. ETC.-A trolley road. Operated since July 1897.
Owns right of way 33 feet wide from Mason City to Clear Lake, 9 miles.Length of line within and between two cities, 17.6 miles. Handles allfreight coming over Iowa Central, Chicago & North Western and ChicagoGreat Western railways between Mason City and Clear Lake,STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Int. at Ill. Tr. & Say. Bk., Chic.. Trustee.New mortgage $1,500,000 g f 1908 6 g J-J 75,000 July 1 1948($1,000) c•I Int. at First Trust & S a v Bk..Chlo.,trustee.Bonds.-Of the new bonds sufficient are reserved to retire old bonds
They have no sinking fund, but are subject to call at 103 on 60 days' notice.EARNINGS.-For year ending June 30 1910, gross, $78,639; net, $29,-
006. In 1909, gross, $64,767; net, $24,577.OFFICERS.-Pres., W. E. Brice: Sec. and Gen. Mgr., F. J. Hanlon;
Aud., G. E. Peck.
MATTOON CITY, ILL.CENTRAL ILLINOIS PUBLIC SERVICE CO.-A trolley road.ORGANIZATION.-Incorp. In Illinois in 1902 as the Mattoon City By.
and on Aug. 25 1910 changed its name to the above. V. 91, P. 655. Ownsentire capital stock of the Mattoon Light, Heat & Power Co., said stock be-ng deposited under the By. Co.'s 1st mtge. The Power company has nobonded debt, Franchises expire in 1930. In Dec. 1908 stock was de-creased from $500,000 to $330,000.STOCK AND BONDS. Date, Interest. Outstanding. Maturity.
Stock $330,000 ($100) _ $311,000 First mortgage $330,000 gold l 1906 5 g J-J 300,000 See text.($1,000) c*f Int. at 1st Tr. & Say. Bk., Chicago, Trustee.Bonds.-The 1st mtge. bonds are due $10,000 annually on Jan. 1 from
1908 to 1920, inclusive, remaining $210,000 on Jan. 1 1921. These bondsare subject to call at 105 and Int.EARNINGS.-For cal. year 1909, gross, $116,963; net, $43,837; int.,
$16,000; balance, $27,837.ROAD.-Operates 14 miles of track n and between Mattoon and Charles-
ton. 70 and 72-1b. T rail. Standard gauge. Also does electric light andower business in Mattoon.OFFICERS.-Pres., M. E. Sampsell, Chicago; V.-P., and Gen. Mgr.,
Chas. H. Cox, Mattoon; Treas., R. B. Donnelly, Mattoon.-V. 85, p. 601,654; V. 87, p. 1664; V. 88, p. 52; V. 91, p. 655.
MAUCH CHUNK, PA.CARBON TRANSIT CO -A trolley road.ORGANIZATION.-Incorporated in July 1908 in Pennsylvania as a re-
organization of the Carbon Street By. sold at foreclosure sale May 16 1908.Property is being improved by reconstruction, new equipment, &c., in-cluding the development of Flagstaff Park on Flagstaff Mountain, which Ii850 feet above and overlooks the picturesque Mauch Chunk.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock, $150,000 ($50) . $150.000 1st mtge $150,000 ($100 and{ 1908 5 g F-A 150,000 Aug 1 1938$500) gold c• Int. at Mauch Chunk Tr Co.. Mauch Chunk
Pa., trustee.Second mtge $100,000 gold 1 1910 5 g J-D None. June 1 1940($100 and $500) efInt. at Mauch Chunk Tr. Co., Trustee.Bonds.-First mtge. bonds may be called at 105 and int. on any Int. day
after Aug. 1 1913. Second mtge. bonds are red. in any amount on any int.day after June 1 1915 at 105.EARNINGS.-For calendar year 1909, gross, $47,011.ROAD.-Comprises 12 A miles of track; 24 cars. Owns about 425 acres
of valuable real estate, Including 75 acres on "Flagstaff Heights."OFFICERS.-Pres., Val. Smith, Waynesboro; V.-P., C. H. Latta, Bethle-
hem; Sec. and Mgr., J. F. Geiser, Mauch Chunk; Treas., Jno, M. Wolff,Waynesboro.-V. 90, p. 1674.
MAYNARD, MASS.CONCORD MAYNARD & HUDSON STREET RY.-A trolley road.ORGANIZATION.-Organized in Massachusetts March 27 1901. Ac-
quired Concord & Clinton St. By. Feb. 1 1902. Franchises perpetual.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock, $200,000 ($100) $200,000 1st mortgage, $200,000. gold) 1902 5 g J-J 200,000 July 1022($1,000) _ _ • cairf Interest at American Trust Co., Bos.. Trus.
"Current liabilities' Sept. 1 1910 33,200 ROAD.-Operate 15 miles of track between Concord, Stow, Maynard
and Hudson; 7 open and 9 closed cars, 2 snow plows and 1 construction car.EARNINGS.-For year ending Sept. 30 1909, gross. $60,849; net.
Keyes Hall.-V. 75, p. 184, 611; V. 85, p. 1338; V. 86, p. 1159; V. 87, p. 96.
MEADVILLE, PA.MEADVILLE & CAMBRIDGE SP'GS STREET RY.-An electric road.Receivership.-Road was purchased in 1909 under foreclosure of refund-
ing mtge. by the refunding mtge. bondholders. On Dec. 11909, however,int. on 1st mtge. bonds was defaulted and a receiver appointed in the Inter-est of these bonds. V. 91, p. 397. First mtge. bondholders have formeda comimttee with D. R. Hill, Sec., Pittsburgh. V. 91, P• 336. 569.STOCK AND BONDS.- Date, Interest. Outstanding. Maturity
First mtge $300,000 ($500)1 1902 5-g J-D $300,000 July 1 1932gold c.f Guar. Title & Tr. Co., Pittsburgh, Trustee.Bonds.--Subject to call after 20 years at 105 and interest.EARNINGS.-For year end. Dec. 31 1908, gross. $45,267; net, $22.345.ROAD.-Operates 16.20 miles of track between Meadville and Cam-
bridge Spring's, forming the connecting link between Meadville and Erie.773i and 85-1b. T rail. Commenced operating Jan. 15 1903OFFICERS.-Pres., James Bryan, Pittsburgh; V.-P. and Sec., M. F.
Tennis, Pittsburgh: Treas.. E. H. Bair. Greensburg. Offices, Meadville.Pa.V. 80. p. 42; V. 91, p. 336, 397, 589.
MEMPHIS, TENN.MEMPHIS STREET RAILWAY CO.Control is held by the American Cities Railway & Light Co.. which see
under Birmingham.ORGANIZATION.-Chartered in Tennessee on March 28 1895 and con-
solidated with the Citizens' St., East End St.. City & Suburban and Mem-phis & Raleigh Springs lines; franchises run until Nov. 1945. Does theentire street railway business of the city. Isidore Newman & Son of NewOrleans are fiscal agents.
Decision as to Fares.-On Sept. 7 1907 the Supreme Court of Tennesseerendered a decision holding invalid the Malone ordinance providing forcertain reduced tares. V. 85, p. 654. The Supreme Court has also. It isstated, confirmed the company's franchises in all respects, including rightto charge five-cent fare.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Cons. mg.. $10.000.000, 11905 5 ir J-J 7,705,000 July 1 1945.gold (see text) ce&rfInterest at Central Trust Co..M. Y. Trustee.
Cite. St. RR. let M., ($1,000)1 1887 6 g J-J 906,000 Jan. 1 191egold, no s f, not red 0( Int. at Am. Ex. Nat. Bk. of N. Y. and in
I. Memphis, 'Penn.Bonds.-Of the $10,000,000 new bonds, $906,000 are reserved to retire
Cit. St. RR. bonds and remainder for extensions and Improvements. Theyare in denominations of $1,000 coupon and $10,000 registered. Are notsubject to call. Sinking fund $25,000 per annum, 1910-14: $30,000,1915-19; $35,000. 1920-24: $40,000, 1925-29. and $50,000. 1930-45. BondsIn s. f. are kept alive. See V. 82, p. 628. 1496. $25,000 are held in s. 1.
Dividends.-On pref. stock 5 % paid since issuance up to and IncludingSept 1910.REPORT.-For year ending Dec. 31:
Gross earns. Net after taxes Interest. Surplus1909 $1,719,609 $633,445 $428,840 $204.6051008 1,627,648 592,996 421,437 171,5591907 1,604,384 597,233 404,822 192,4111906 1.428,935 590.707 342.782 247,925.ROAD.-Operates 110 miles of track in Memphis and suburbs. Rails 60
to 80-1b. T and 60 to 107-lb. girder. 294 cars.OFFICERS.-Pres. and Gen. Mgr.. Thos. H. Tutwiler; V.-P., E. E.
Wright; See. and Treas.. W. H. Burroughs.-V. 85. p. 654; V. 88. p. 564.
MERIDIAN, MISS.MERIDIAN LIGHT & RAILWAY CO.Ifr 1910 acquired by H. L. Doherty & Co. and is undergoing a reorganiza-
tion. V. 90, 13. 914.ORGANIZATION.-Incorporated In Mississippi in 1901 as a reorganiza-
tion ot the Meridian St. Ry. Owns and operates the Mgridlan Gas Light Co.In 1910 Increased its stock from $1.400,000 (of whlefi $400,000 was pref.),
to $2,000,000 common (no pref.). V. 91, P. 336.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $2,000,000 $2,000,000 Ref mtge $750,000 gold (15001 1904 5 g M-S 741,000 Mch 1 1944and $1,000) el Int. at City Bk. & Tr. Co., Mobile, Trustee.Bonds.-There were $225,000 of first 5s outstanding, but these (with
the exception of 11,000, for which a new bond is reserved) have been de-posited as collateral for the new bonds. A sinking fund of 1 % of bondsoutstanding became operative March 1 1906. Bonds are subject to call on60 days' notice at 105.EARNINGS.-Total gross for 12 months ending Dec. 31 1908, $202,657;
net, $66.803: int. and taxes. $56,759; surplus, $10,044.ROAD.-11 A miles of track. Electric department operates 227 city arcs.
18,000 incandescent lamps. 90 h.p. motors and 120 commercial arc lights.OFFICERS.-Pres., H. L. Doherty; V.-P.. Russell Palmer; V.-P. &
Gen. Mgr., A. B. Paterson; Sec. ec Treas.. Paul R. Jones; Asst. Sec. &Treas., Carl B. Gilbert.-V. 84, p. 1428; V. 87, p. 813; V. 90, p. 914; V. 91.p. 336.
MICHIGAN CITY, IND.CHICAGO LAKE SHORE & SOUTH BEND RY.ORGANIZATION.-Organized in Indiana Dec. 1901.No securities in hands of public except equipment bonds. Rest all
owned by syndicate, which has used them as collateral only.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
gold 'interest at Cleveland Trust Co., Trustee.Equipment trust, $350,000 _ f 1008 6% 300.000 See text
'Cleveland Trust Co., Cleveland, Trustee.Bonds.-Remaining bonds are reserved for future extensions and in2-
nrovements. They are subject to call at 10234 at any Int. period. Sink.fund of $50,000 per annum begins Aug. 15 1917 for ten years, then 2% ofbonds outstanding until maturity. The equipment trusts cover 31 cars.They mature $50.000 annually May 15 1910 to May 15 1916 inclusive.ROAD.-Operates a total of 69 A miles between South Bend and Ham-
mond; 534 miles Hammond to Pullman, owned by Illinois Central RR..Is leased to Chicago Lake Shore & South Bend. 70-lb. T-rail.OFFICERS.-Pres., Calvary Morris; V.-P., E. W. Moore; Sec., A. R.
Horr; Treas., M. H. Wilson, Cleveland; Gen, Mgr., C. N. Wilcoxen; Oper.Mgrs., the Warren Bicknell Co.-V. 86, p. 51, 167, 420, 1528.
MIDDLETOWN, N. Y.WALLKILL TRANSIT CO.ORGANIZATION.-Incorporated in New York on March 30 1905 as
successor, under foreclosure, to the Middletown-Goshen Electric By. and theMiddletown-Bloomsburg Elec. By. See V. 80, p, 1059, 1425. Companywas placed in hands of recelver Oct., 1908, on account of a judgment forinjuries obtained by a motorman, but all indebtedness having been paid off,receiver was discharged Aprll 23 1909.STOCK AND BONDS- Date. Interest. Outstanding, Maturity.
Stock 1350.000 (15(i) $350,000 1st mtge 8350,000 gold ($100,1 1905 5 g M-N 300,000 May 1 1935$500 and $1,000) c lint. at Com'w'IthTr.Co.,Harrisburg, rusteeBonds.-$50.000 reserved for future Improvements. Are subject to call
after 10 years at 105EARNINGS.-For year ending June 30 1910, gross. $87,415.ROAD.-Operates 12.84 miles of track extending from Middletown,
N. Y., to Midway Park. Goshen, including switches, turnouts, &c. Rails65-1b. T except A mile only of 80-lb. girder. Standard gauge.
OFFICERS.-Pres. and Gen. Mgr., DeWitt C. McMonagle: V.-P., Chas.A. Kunkel; Sec., J. F. Weiss, Harrisburg, Pa.; Treas., W. M. Oglesby, Har-risburg, Pa.-V. 80, p. 998, 1059, 1425, 2346.
MILFORD, MASS.MILFORD & UXBRIDGE STREET RY.-Trolley.
ORGANIZATION.-Incorporated in Massachusetts in 1901. On July10 1902 consolidated by purchase of entire capital stock with the MilfordHolliston & Framingham St. By. In 1907 the Milford Investment Co.was organized to finance the floating Indebtedness of the Milford & Uxbridge.In Mch, 1910 Mass. RR. Comm. authorized an Issue of $88,000 pref.
stock. V. 90, p. 914. In Aug. 1910 the Comm. auth. an Issue of $85,000bonds to pay floating debt. V. 91, p. 463.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock. com. $440,000 (1100)- ---- $440,000 1908.09.3%Pref 6% cum $88.000 ($100) _ - - - - - 88,000 M. Holl. do Pram. 1st mtge. 1898 5 g .1-J1 165,000 Jan 1 1918$165.000 41.000) gold_ _et • Int. at Amer. Trust Co., Boston, Trustee.UM & Uxb. gold bonds 1002 5 g J-J 250,000 Jan 1 1918$250,000 (11,000) gold...c Int. at Amer. Trust Co., Boston, Trustee.
Mill. Invest. Co. deb ($1001 _ _ . - 6 M-S $200,000 Sept 1 1927and $500) 'Yale Nat. Bank, New Haven, trustee.
Milford ec Uxbridge $85,000__ 1910 5% (?) 20 years.Notes, payable Sept. 30 190,1. - - 198,000 Bonds.-The Milford Invest. Co. bonds are secured by an equal amount
of notes of the Milford & Uxb. St. By. They are redeemable at par andint, on any int. day.
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OCT., 1410.] ELECTRIC RAILWAYS 69
EARNINGS.-For fiscal year ending Sept. 30 1909, gross, $172,094; net,161,578; fixed charges, $47,421; div. (3%), $13,200; surplus, $957.ROAD -Owns 36 miles of track, from So. Framingham to Uxbridge and
from Milford to Metiway and Hopkinton. Also controls Lake NipanucPark. 45 passenger cars, 8 snow plows and 4 miscell.; 130 electric motors.OFFICERS.-Pres., John T. Manson, New haven, Conn.; V.-P.
' J. Wil-
lis, Downs, New Haven; Treas., J E. Walker, Milford; Supt.,W. L. Adams,Milford, Mass.-V. 74. p. 1308: V. 76. p. 102; V. 88. p. 375; V.90, p.914;V. 91, 1). 463.
MILLVILLE, N. J.MILLVILLE TRACTION.-A trolley road.
STOCK AND BONDS- Date. Interest. Outstanding. MaturityStock $175,000 $175.000 1st mortgage $400,000 gold 1894 5 g F-A 208,000 1914($1,000 each) c' jInt. at Land Title & Trust Co., Phila., trust.
"Other debts" Dec 31 1909_ 56,270 Bonds.-Not subject to call.EARNINGS.-For year 1909, gross, $33,759; net, $1,757.ROAD.-Operates 12.55 miles of track in Miliville, Vineland and town-
ship of Landis, of which 8.67 miles put in operation in 1901.OFFICERS.-Pres., George Wood; Sec., G. H. Thomas; Treas., Daniel
C. Lewis
MILTON, PA.LEWISBURG MILTON & WATSONTOWN PASS. RY.-Trollcy.ORGANIZATION.-Incorporated in 1910, when Whittaker & Diehl of
Harrisburg purchased the 01(1 Lewisburg Milton & Watsontown Pass. RI,.from the Railways Company General, and reorganized It.
STOCK AND BONDS- Date. Interest. Outstanding. MaturityStock, $150,000 $150,000 First mortgage $300,000 gold' 1910 5 g F-A 150,000 Feb 1 1940($500) OlInt. at Land Title & Tr. Co., Phila., trustee.Bonds.-Remaining bonds can only be issued for improvements and ex-
tensions at 80% of cost. Sub, to call as a whole on any int. date afterFeb. 1920 at par.ROAD.-10 miles of track between points named In title.OFFICERS.-Pres., John F. Whittaker; V.-P., L. G. Brown; Sec. &
Treas., D. L. Diehl; Asst. Sec. & Treas., W. B. Rankin.-V. 90, p. 1363.
Dec. 1896. Owns and operates an extensive system of suburban and Inter.urban lines radiating from Milwaukee to Cudahy, South Milwaukee, RacineKenosha, ‘Vanwatosa. North Milwaukee, Whitefish Bay. Fox Point. WestAllis, Waukesha, Waukesha Beach, Oconomowoc, Watertown, St. Martins,Muskeg() Lakes, Mukwonago, East Troy, Waterford, Rochester and Bur-lington.The company, besides Its railway system, owns and operates electric
light and power systems In Cudahy, South Milwaukee. Racine, Wauwatosa,East Milwaukee, West Milwaukee, West Allis and Waukesha. Was fur-nishing Dec. 31 1909 55,988 incandescent lamps, 1,059 h.p. In motors,614arc lamps and 847 Nernst lamp glowers.The capital stock Is practically all owned by The North American Co
(see miscellaneous companies in "Railway and Industrial" Section). InApril 1907 stockholders voted to increase stock from $1,000,000 to $30.000,-000. V. 85, p. 160. $9,000,000 of new stock Issued up to Sept. 1910.
Control Purchased.-In 1907 purchased the 19.000,000 common stock ofThe Milwaukee Electric fly. & Lt. Co. from The North American Co.This was done in order to make Mil. Light, Heat & Traction Co. thecontrolling company Instead of The Milwaukee Elec. fly. & Lt. Co.. aswas formerly the case. V. 86, p. 286STOCK AND BONDS-. • Date. Interest. Outstanding. Maturftli.
Common stock, $30.000,000_ . - 510,000.000 See text.Mllw Lt H and Tr Co 1st M gf 1899 5 g M-N 5,000.000 May 1 1929
guar$5,000.000 ($1.000) gc*lTrust Co. of America, New York, Trustee.Milw Lt H and Tr Co ref &ext f 1907 5 .r J-D 6,189,000 June 1 1937Mg $30,000,000 ($1,000) __; !Metropolitan Tr. Co., N. Y., and Randolph
I Rodman. Trims. Int. at co's N. Y. officeInterest on the Milwaukee Light, Heat & Traction Co's 1899 5% bOnns
Is payable at company's office, 30 Broad St., N. Y. These bonds may becalled at 110 on any interest date They are guaranteed, principal andInterest, by endorsement, by The Milwaukee Electric Railway & Light Co(V. 86, p. 1042). Of the new refunding; and extension bonds. 52.500,000additional can be Issued Immediately, and in June 1908 Wisconsin State RR.Commission authorized company to issue this amount. This will raiseoutstanding amount to $7,500,000; up to Sept.1910 $1,189,000 of $2,500,-000 had been issued. $5,500,000 is held to retire prior liens. These bondsmay be called on any int. day at 110 and int. V. 84, p. 1183. First $13,-000,000 are to bear 5% Interest and remaining $17,000,000 not over 5%.
Dividends.-10% per annum paid from 1904 to 1907: In 1907, 2%; In1908, 31,i%; in 1909, 33,6%,ROAD.-Total mileage, exclusive of controlled Milw. Elec. Ry.& Lt.Co..
was June 30 1910, 224.74 miles. 80- b. T rail. Owns 130 cars.REPORT.-Fiscal year ending Dec. 31:
1909. 1908. 1909. 1908.Gross-Rallway__3779,922 $730,472 Other income____$592,156 $618,750
El. light__ 147,703 122,255 Taxes 64,934 51,163 Depreciation 92,762 85,273
Total gross_ __ _$927,625 $852,727 Interest 621,640 580,505Oper. exp., Ry. & Dividends (3%%) 350,000 350,000
Elec. light 392,078 371,072
Net earnings_ _$535,547 $481,655 Balance def.$1,633sur$33464(wpicElts.-Pres.. Gen. Mgr. and Pur. Agt.. John I. Beggs; V.-Ps..
Win. N. Cromwell and Chas. F. Pfister; V.-P. and Sec., Jas. D. Mortimer,New York; Treas., Geo. It. Sheldon, New York; Comp., C. N. Duffy;Asst. Sec. and Asst. Treas., P. J. Boehm; Aud., Geo. W. Kalweit. Gen-eral office, Public Service Bldg., Milwaukee, New York office, 30 BroadSt., New York City.-V. 85, p. 160; V. 86, p. 286, 1042, 1529.
(1) The Milwaukee Electric Railway & Light Co.ORGANIZATION.-Successor of Milwaukee Street By. Co. Jan. 29 1896'
per plan in V. 60, p. 1009. Embraces all the street railway lines In Milwau-kee. Entire common stock Is owned by the Milwaukee Light, Heat &Traction Co. The company, besides Its street railway system, owns andoperates an electric-light and power system. Was furnishing on Dec. 311009 308.51.8 incandescent lamps, 11.691 h. p. In motors, 3,073 arc lightsand 6,483 Nernst lamp glowers. Controls Milwaukee Central heating Co..operating a central-station steam-heat system in Milwaukee.
In 1909 entered into a contract for 25 years to take a supply of powerfrom the Southern Wisconsin Power Co. See V. 90, p. 372.The railway franchises of the company run until Dec. 31 1034. V. 70,
p. 39. Electric light and power franchises are unlimited In time.In April 1907 stockholders voted to increase the capital stock from $19,-
500.000 to $24,500,000. See V.84. p. 102, 221, 339; V. 85, p. 160.In Melt. 1910 Wisconsin RR. Comm. authorized an additional issue of
$1,000,000 ref. & ext. mtge. bonds for extensions and improvements.V. 90, p. 627.
Decision.-The Wisconsin Supreme Court June 5 1908, reversing the lowercourt, dismissed action brought by Attorney-General Gilbert for removalof officers of company for alleged wasteful use of money In securing exten-sion of company's franchises in 1900. See V. 86. p. 1467.STOCK AND BONDS- Date, Interest, Outstanding. Dividends.
The Milw El By & Lt Co cons 1896 5 g F-A 6,500,000 Feb 1 1926mtge $8,000,000 gold_ _ _c 'Central Trust Co., New York, Trustee.
Interest payable at company's office, 30 Broad St., N. Y.The Mil El fly & Lt Co ref & 1906 4)-i g J-J 7,411,1)00 Jan 1 1931
ext mtge $20,000,000 gold }Trust Company of America, New York,($1,000) c• Trustee.Stock and Bonds.-Consols of 1896, ref. and ext. bonds of 1906, and pref.
stock arc listed on the N. Y. Stock Exchange. Of the new ref. and ext.bonds, $6,500,000 are reserved for prior liens and $6,089,000 for exten-sions, acquisitions, &c., at not exceeding $1,000,000 per year. Bonds aresubject to call on and after Jan. 1 1916 at 108 and interest. No sinkingfund. See V. 81, p. 1724, 1792; V. 84, p.508.ROAD.-Total track, 138.16 miles-all trolley. Owns 396 cars.
Net earnings $2,148,637 $1,914,734 $1,848,661 $1,788,851Other income 87,468 92,566 83,283 155,791
Total $2,236,105 $2,007,300 $1,931,944 $1,944,642Out of the net of $2.236,105 for 1909, $298.728 was paid for taxes, $426,-
754 reserved for depreciation, $543,345 paid for interest, $270,000 for pref.divs. (6%) and $540.000 for corn. divs. (6%), leaving surplus of $157,278
Dividend.-Regular quarterly dividends of 1 ;.6% have been paid on thepreferred since Feb. 1900. On the common stock in 1903, 4%; In 1904.5%; in 1905. 5%; In 1906, 6%; in 1907. 6%: In 1908. 6%; in 1909.6%; In 1910, Meh., 1 3-2%; June, 1 %%; Sept., 1 i'T'oOFFICERS.-Same as the Milwaukee Light, Heat & Traction Co. Gen-
eral office. Public Service Building. Milwaukee. New York office, 30 BroadSt., N. Y. City.-V. 85, p. 160; V. 88. p. 282. 286; V. 87, p. 1011:V. 88, p. 1561; V. 89, p. 1411; V. 90, p. 372, 503.627.
---WISCONSIN TRACTION. LIGHT. HE % ' & POWER CO.ORGANIZATION.-This company was Incorporated at Milwaukee In
A. g. 1900 with a nominal capital of $10,000 (since increased to 51.000.000),for the purpose of uniting certain properties in the Fox River ValleySecured control of the Fox River Valley Electric fly. and the AppletonElectric Light & Power Co., and has consolidated them. In Sept. 1964purchased entire capital stock of the Fox River Valley Gas & Electric LightCo. and guarantees its bonds, principal and Interest. See V. 79. p. 787,1267. In July 1910 Wis. RR. Comm. auth. company to issue $500,0001st mtge. bonds of 1901. V. 91, p. 96.STOCK AND BONDS- Date Interest. Outstanding. Maturity.
Stock, $1,000,000 ($100) $699.400 _ IFirst mortgage, $3,000,000 1901 5 g J-J 1,120,000 July 1 1931
($1,000) gold no sink fd_c* Int. at Milwaukee Trust Co., Milw., Trustee.Fox River Valley first mtge 1901 5 g A-0 350,000 Aprli 1 1921$350,000 ($1,000) gold_ _ _c Merchants' Loan & Trust Co., Chic.,Trustee.
Appleton Gas Light & Fuel__ a 15,000 Nov. 1 1914Bonds -Entire issue of Wisconsin Traction, Light Heat ec, Power Co.
bonds may be called on any Interest date at 110 and interest. The FoxRiver Valley bonds are subject to call after April 1 1911 at 105 and Interest.EARNINGS.-For years ending Dec. 31:
Year- Gross. Net. Other Inc. Interest. Surplus.1909 $291,792 $113,442 $10,179 $68,400 $55,2211908 265,290 106,353 8,376 68,400 46,3291907 246,452 93,970 8,147 68,400 33,717ROAD -Operates 15 miles of track, connecting Neenah, Menasha, Apple-
ton and Kaukana, and 5 miles locally in the city of Appleton; total, 20 miles.Owns electric-lighting plants in Appleton, Neenah and Menasha and suppliesgas to Neenah, Menasha and Appleton.OFFICERS.- Pres. John I. Beggs: V. P., Chas. F Pfister, Milwaukee;
Sec. and Treas., A. K. Ellis.-V. 79, p. 787, 1267; V. 91. p. 96.
MILWAUKEE NORTHERN R Y.-An electric road.ORGANIZATION.-Incorporated in Wisconsin in 1905. Operates in-
terurban system entirely on private right of way. Franchise in Milwaukeeruns till 1937 and provides for 5-cent single fares and that 8 tickets be soldfor a quarter within city limits.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $1,000,000 ($100)- $1,000,000 1st mtge $4.000,000 ($1,000) 1 1907 5 g F-A 2,500,000 Aug 1 1937
gold c*j Int. at Fidelity Trust Co., Milw., trustee.
Bonds-Remaining $1,500,000 can be issued when road is completed toFond du Lac. Not subject to call. V. 85, p. 601.ROAD.-Will be 120 miles long, running north from Milwaukee to Ce-
darbure, where it forks, one branch extending to Sheboygan and the otherto Fond du Lac. Operates 65 miles of track, including 6.I miles in Mil-waukee, between Milwaukee. Cedarburg and Sheboygan. The Fond duLac Division it is planned to complete as far as West Bend in 1911. Gauge,4 ft. 8 in. 70-113. T rail.OFFICERS.-Pres., Wm. A Comstock; V.-P., F. W. Walker; Sec. and
Treas., Henry A. Haigh; Gen. Mgr., B. G. Broad.-V. 85. p. 601.
MINNEAPOLIS, MINN.TWIN CITY RAPID TRANSIT.-An electric road.
ORGANUATION.-Organized under the laws of the State of New JerseyJune 3 1891 and by virtue of its stock ownership of the underlying com-panies (to wit, The Minneapolis Street Railway Co., The St. Paul City Rail-way Co., the Minneapolis Lyndale & Minnetonka Railway Co. and theMinneapolis & St. Paul Suburban) controls the entire street railwaysystem of Minneapolis, St. Paul, Stillwater, and lines to Excelsior.
I Ulllia Bay and Deephaven at Lake Minnetonka. In 1906 absorbed theorth Side Street Rv (Robbinsdale line) and the St. LOUIS Park iln, ,
V. 83, p. 1472. in 1905 articles of incorporation were amended so as tomake the charter perpetual. V. 80, p. 1914.Franchise and Fares.-Mayor Haynes of Minneapolis on Feb.18 1907 signed
an ordinance requiringstreet railways to sell six tares for 25 cents. V. 84, p.451, 509. On Aug. 24 1907, however, Judge Lochren of the U. S. CircuitCourt granted a permanent Injunction against enforcing the ordinance (seeV. 85, p. 532). On Jan. 3 1910 U. S. Supreme Court affirmed the decisionof Judge Lochren. This decision sustains the company's claim to a 50-yearfranchise from July 1 1873,with the right to charge 5-cent fares. V.90, p.111.
Settlement with City of St. Paul.-For decision as to right to build newmines in St. Paul, see V. 79, p. 271, 2037, and for settlement with City of StPaul by which the city relinquishes its right of appeal from this decision andthe company agrees to pay into the city treasury a gross earnings tax of 6%,see V. 80. p. 1175.New Subsidiaries.-Because of a decision of the Supreme Court holding
that suburban lines, as railways, are amenable to the Minnesota 4% grossearnings tax, it was decided in Mch. 1910 to incorporate the MinneapolisSt. Paul & Suburban fly. ($1,000,000 stock), the Minnetonka & WhiteBear Navigation Co. and the Rapid Transit Realty Co., each with $250,000stock, and to re-arrange matters so that the suburban lines, the steamerlines, and the hotels, parks, &c., of the company might be handled sep-arately for taxation and accounting purposes. V. 90. p. 850. .STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Twin City Rapid Transit-Common stock, $22,000,-000 (par 5100)5 Q-J $20,100,000 Oct '10 1;i
Aft nneapolis Street Railway Cu .-1st M g red at 105 yearly _ 1880 7 g M-N 70,000 Nov. 1 1910Second mtge gold c' &r 1883 6 g Ni-N 600.000 Nov. 1 1913First cons M g 55,000.000 0 1889 5 g J-J 15 4,208,000 Jan.15 1919
St Paul City Railway Co.-First mtge on real estate &J 1882 6 g A-0 224.000 April 1 1932
horse-car franchise 1Exchangeable at 105 for tirst consolidated.First consol mtge gold 1884 6 g A-0 456.000 Oct. 1 1034Cab cons gold (see text) 1887 5 g J-J 15 3 708,000 Jan. 15 1937
Minneapolis cre St. Paul Suburban Ry.-1st M g $500,000, guar by; 1899 5 g M-S 500,000 Sept. 1 1924Tw Cy R T & St P Cy_c•linterest at Central Trust Co.. N. Y.. Trustee.
Winn St. & St. Paul CIA/ Ry.-Joint issue general mort 1901 5 g J-J 196,000 Jan. 1 1911
$1,000,000 ($1,000) g...c Int. payable at Central Tr. Co., N. Y., Trus.Joint eonsol mtge $10,000,- 1903 5 lc A-0 9,521,000 Oct. 1 1928000($1.000)gu p & 1_0 Central Trust Co. of New York, Trustee.
All bonds are for $1,000 each, and, with the exception of the Minneapolis& St. Paul Suburban Ry. and the two joint issues (of 1901 and 1903).Interest Is payable at Farmers' Loan & Trust Co.. New York.Stork.-ln May 1902 stockholdeis were given at par 11.501,000 additional
stock (V. 74, p. 1039), in June 1905 11,000.000 at par (see V. 80, p. 2400),and in June 1906 $2.100.000 at par (see V. 82, p. 1269). This last makesoutstanding stock $20,100,000.
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70 ELECTRIC RAILWAYS IVOL. IAN xn.
Dividends.-All dividends on preferred to and including Oct. 1 19101 Ai %) have been paid. First dividend of 1 % was paid on the commonstock in Aug. 1899; In 1900. 3%; in 1001, 3i%: in 1902. Feb.. 2%;changed to quarterly and 1% % paid May 1902; Aug., 1 4 %; Nov.. 1 j %.1903 to 1909, inclusive, 5% per annum; in 1910, Feb., 1 A%; May, 13.5%;July. 13%; Oct.,Bonds.-The Minneapolis Street Railway Co. jointly and severally withthe Minneapolis Lyndaie & Minnetonka Railway Co., issued $5,000,000 5 %30-year first mortgage and first consolidated mortgage gold bonds, of which
$670,000 are held in trust by the Farmers' Loan & Trust Company toredeem the $670,000 prior lien bonds. See statement to New York StockExchange In June 1'95. The consois are also listed in London. V.60,p.1149.The St. Paw City Railway Co. has issued $4.38,1,000 5% 50-year cable con-
solidated bonds rincluding $680,000 held by the Farmers' Loan & Trust Co.,trustee, to redeem the 3680.000 prior lien bonds above), limit fixed by thismtge. was $5,500,000, but by the joint cons. mtge. of 1903 no further un-derlying bonds can be put out. V. 77, p. 2281. Part of these cableconsols ($1,138,000) are guar. (p. & I.) by end. of Twin City Rapid TransitCo. See statement to N. Y. Stk. Exch. In June 1895. V. 60, p. 1150. Ofthe 1st cons. mtge. of the St. Paul City, $224,000 are held by the Farmers'Loan & Tr. Co. to be exchanged for the $224,000 first mtge. bonds.The Minneapolis otreet Ry. & St. Paul City Ry. consolidated mortgage of
1903 is a joint issue of the Minneapolis Street Ry. and the St. Paul City Ry.;$1,000,000 were reserved ($804,000 of this amount have been issued) toretire the joint gen. mtge. of 1901, which the new mtge. binds the compan3rto pay at maturity. Rest reserved for new construction, additions and im-provements at 90% of cost. Guar. p. & 1. by end't by Twin City Rap.Tran. Co. (see V. 77. p. 2281 and 2340). No underlying bonds can beextended, but must be paid off at maturity.ROAD.-Consists of 377.38 miles of standard-gauge road, including four
Interurban lines connecting the business centres of Minneapolis and St. Paul,an interurban line or 22 miles connecting St. Paul and Stillwater, and linesto Lake Minnetonka.On the principal streets of the cities 90-1b. T rail with welded joints and
Imbedded in concrete was used.Power.-The company leases water-power at St. Anthony's Falls (ca-
pacity 22,000 1).-p.), which power is now used in conjunction with powergenerated at new steam power plant to run the entire railway system inboth cities. See V. 64, p. 704.ANNUAL REPORT.-Fiscal year ends Dec. 31. Report for 1909 was
in V. 90, p. 842, showing results on the entire property as follows:1909. 1908. 1907.
Revenue passengers carried 135,729,811 123,508,388 117,414,647Transfer passengers carried 44,124,296 39,830,225 35,261,823Receipts from transportation $6,924,656 $6,333,297 $6,020,542Receipts from other sources 45,120 66,213 35,201
Total operating $3,294,627 $3,166,056 $2,980,436Net earnings $3,675,149 $3,233,454 $3,075,307Interest and taxes $1,466,527 $1,359,363 $1,223,171Dividends on preferred stock (7%) _ _ 210.000 210.000 210,000Dividends on common stock (5%).... 1,055,250 1,005.000. 1,005,000
Total $2,731,777 $2,574,363 $2,438,171Balance, surplus •$943,372 •$659,091 •$637,136
• In 1909, $703,000 was appropriated from this amount for renewalfunds. against $544,000 in 1908 and $506,000 in 1907.OFFICERS.-Pres., Calvin G. Goodrich; V.-P. & Gen. Mgr.. W. J.
Hleid; Sec. & Comp.. E. S. Pattee; Aud., D. J. Strouse; Treas., E. ACrosby.-V. 86. p. 287. 422. 599; V. 87. p. 1480: V. 88, p. 507; 687. 744, 750:V. 89, p. 1543; V. 90, p. 54, 111. 504. 842, 850.
MOBILE, ALA.MOBILE LIGHT & RAILROAD.-Trolley.ORGANIZATION.-A consolidation on Sept. 1 1901 of the Mobile Light
de Railroad and the Mobile Street RR.; the franchises of both companieswere extended on Sept. 12 1901 to March 12 1055. See V. 73, p. 6)6STOCK AND BONDS- Date. Interest. Ontstanriing. Maturity
Int. at Farmers Loan & Trust Co.. N. YMobile Street RR first mtgef 1893 6 g M-N 300,000 slay 1 1923
gold. $350,000 _ o'l Farmers' Loan & Trust Co., N. 1., TrusteeInterest at National City Bank, New York
Consolidated mortgage. goldi 1901 5 M-S 1,427,000 Sept. 1 1941($1,000) $2,250.00e _es) Interest at New York Tnisr. Co. N. Y . TrusBonds.-Of the $2,250,000 mtge., $700,000 reserved for prior liens. $23.-
000 are in treasury of company; balance, $100,000, have not been certified.EARNINGS.-For calendar year 1909, gross, $548,520; in 1908, gross.
$563,728; in 1907, gross, $614,744.dividend-4%- Aug. 1 1909; in 1910, July, 3%,
ROAD, &c.-Owns 58.19 miles of track in Mobile and extensions to Maga-zine Point, Spring Hill, Whistler and Monroe Park. Company also owns"Monroe Park" and water power and 320 acres of land.OFFICERS.-Pres., J. H. Wilson; Sec. and Aud.. M. W. Glover; Treas.,
C. White Spunner.-V. 86, p 1529.
MONMOUTH, ILL.ROCK ISLAND SOUTHERN RAI LWA Y.-An electric and steam road.ORGANIZATION. -Incorporated In Illinois under the steam rafirosd
law on April 25 1905. Has private right of way between cities and throughMonmouth. V. 89, p. 1668.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity
Stock, $2.500,000 $1,600.000 _ _ _ _First mortgage, $2,500,000,} 1908 5 g J-J 1,600,000 Jan 1 1947
gold ($100, $500 & $1,000) Int. at Western Tr. & Say. Bank, Chicago,Trustee, and through Old Col. Tr.Co.,Bos.
Bonds.-Additional bonds may be issued for purchase of connecting rail-roads when net earnings are 1 times interest on bonds issued and to beIssued. Bonds are subject to call atter Sept. 10 1913 at 105 and interest.See V. 84. p. 104; V. 89, p. 1660.ROAD..-Runs north from Monmouth to a connection with the Chic.
Rock Island & Pan. Ry. at Monmouth Junction, 31 miles, and thence op-erating into city of Rock Island. a distance of 20 miles, by lease over theChic. R. I. & Pan. Ry. Road Is operated by steam for both passenger andfreight. Has connections for Davenport, Ia., Moline and Galesburg, Ill.75-1b. rails. Is to be operated by electricity for passengers.OFFICERS.-Pres., E. C. Walsh; V.-P., M. A. Walsh; Sec. and Treas.,
J.W.Walsh; Gen. Mgr., W.W. McCullough.-V. 84, p. 52, 104; V.89, p.1668.
ROCK ISLAND SOUTHERN RAILROAD.ORGANIZATION.-Incorporated in Illinois In March 1905. Is con-
trolled by same interests as Rock Island Southern RY.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock' $500,000 ($100) _ _ - $500,000 First mortgage, $2,500,000,1 - 5 g 500,000 Jan 1 1947
gold ($1,000) of Int. at Amer. Tr. & Say. Bk., Chic., Trustee.Bonds are redeemable after 5 years at 105.EARNINGS -For cal. year 1909, gross, $91,162; net. $51,773. In
1908, gross, $85,872; net, $50,676.ROAD.-17 miles between Galesburg and Monmouth. 75-1b. rail.
Standard gauge.OFFICERS.-Pres., M. A. Walsh; V.-P., E. C. Walsh; Sec. & Treas.,
J. W. Walsh; Gen. Mgr., W. W. McCullough.
MONTGOMERY, ALA.MONTGOMERY TRACTION CO.-A trolley road./n Nov. 1908 control changed hands. Richard Tillis of Montgomery
buying out the Philadelphia syndicate which held control. V. 87, p. 1388.In 1909 stock was decreased from $2,000,000 to $1.000.000 (V. 88. v.
375) and funded debt reduced to amount shown below.
gola sinking fund ..coj Int. at Real Est. Trust Co., Phila., TrusteeMont. Street Ry 1st mtget 1893 6 g F-A 350,000 1923$350,000 gold 'Int. at Farmers L. & T. Co., N. Y., Trustee.Bonds.- -Of the Mont. 'Iran. Co., bonds, $350,000 are reserved for prior
liens. A sinking fund of 1 To of bonds outstanding commences In 1011 andruns to 1920, thereafter 2 % per annum. Bonds are not subject to call.ROAD.- Operates about 41 mild t of track In Montgomery and to Pickett
Springs. Standard gauge; 70 lb. T and 95 lb. girder rail.OFFICE RS.-Pres., Ray Rushton; Sec., H. F. Crenshaw.-V- 81.D.
1792; V. 82. p. 929; V. 87. p. 1358; V. 88, p. 375.
MONTOURSVILLE, PA.MONTOURSVILLE PASSENGER RAILWAY.-A trolley road.ORGANIZATION.-Chartered in Pennsylvania June 28 1897. Com-
menced operations Dec. 16 1897. Stock authorized and issued, $75,000.Funded debt authorized and issued. $75,000, % 30-year gold bondsdated Aug. 11898, interest J&J. Operates 5Si miles of track from Williams-port to Montoursville, Pa.EARNINGS.-For fiscal year ending June 30 1909 were: Gross, $23.130;
net after taxes, $9,272; fixed charges, $4,667; surplus. $4,605.
MORGANTOWN, W. VA.UNION UTILITIES CO.ORGANIZATION.-Incorporated in West Virginia. Owns and op-
erates (with a few unimportant exceptions) all public utilities in Morgan-town and adjacent communities, including electric light and power, water,gas and street railways. Electric light, power and street railway franchisesfor 50 years from 1903. Gas and water franchises 25 years from 1902.Leases the Morgantown & Pittsburgh Ry. In 1910 purchased the Sabra-ton By.. 2 miles.STOCK AND BONDS- Date. Interest, Outstanding.
Common, $800,000 ($100)- $800,000Pref., $200,000, 7% cum ($100) 200,000First mortgage, $1,500,000.1 1909 5 g J-J 1,033,000 July 1 1944g ($1,000) cslInt. at Farmers' Loan & Tr. Co.. N. Y., true.Bonds.-$487,000 are reserved for improvements and extensions at 75%
of cost. Redeemable at 105 and int. on any int. day on 30 days' notice.Sinking fund 1% semi-annual of bonds out After setting aside 1% s.-a.and payment of 7% on pref. and 10% on com., s. f. shares equally withany further dly. on common. V. 90, p. 373.EARNINGS.-For fiscal year ending April 30 1910, gross, $313,409; net,
$176,383; charges, $51,650; surplus, $124,733.ROAD.-Owns 4 34 miles of track in Morgantown and 2 miles from
Morgantown to Sabraton; leases 2 miles additional; total track operated.8 34 miles. Will extend from Sabraton to Dellslow, 234 miles, during 1910.Standard gauge, 70-1b. girder rails.OFFICERS.-Pres., D. Elkins; V.-P., I. C. White; Sec., Treas. and Gen.
Mgr., H. R. Warfleld, Morgantown; Aud., C. D. Junkins.-V. 90, p. 373;V. 91, p. 342.
Maturity.
MORRISTOWN, N. J.MORRIS COUNTY TRACTION.-An electric road.ORGANIZATION.-Incorporated in Ncw Jersey In 1899. Charter
gives company right of eminent domain. Built mostly on private right ofway. Franchises through towns are perpetual.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, corn, $3,000,000 ($100) ___ $2,286,500 First mortgage, $3,000,0001 1905 5 g J-D 15 2,122,000 June 15 '35($1,000), gold, callable at Trust Co. of America, N. Y., Trustee.110 and interest_ __ _c• &r Int. at Nat. Iron Bank, Morristown.EARNINGS.-For calendar year 1908, gross, $75,537; net. $20,549
In 1907, gross, $67,092; net, $20,128.ROAD.--Is to build 75 miles of road from Elizabeth, N. J., to Netcong,
with a branch from Denville to Paterson and other branches. 44.48 milesof track is completed and 42 miles are being operated. Gauge,4 ft. 834 in. 70-1b. T rail in country, 80-1b. girder in cities.
OFFICERS.-Pres., Henry R. Rea, Pittsb., Pa.; V.-P., Edward E.Duff. Pittsb., Pa.; Sec. & Treas., 0. G. Schultz, Morristown; Gen. Mgr.H. H. Archer, Morristown.
MOUNT HOLLY, N. J.BURLINGTON COUNTY TRANSIT CO.-Trolley.
ORGANIZATION.-Incorporated in New Jersey on- July 1 1910, assuccessor to the Burlington County By. Co. sold at foreclosure, V.90,p.1612.
In Aug. 1910 N. J. Pub. Utilities Comm. denied application to issue$166,250 ($50) capital stock, on the ground that company is only worth$120.000, the amount paid for It under foreclosure.EARNINGS.-For Bur. Co. Ry. for calendar year 1909, gross, $57,865;
net, $6,341; in 1908. gross, $56,307; net, *10.479.ROAD.-About 15 miles of track from Burlington, through Mt. Holly
and Hainesport, to Moorestown.
MUSKOGEE OKLA.MUSKOGEE ELECTRIC TRACTION CO.-A trolley road.ORGANIZATION.-Incorporated in 1004 in Indian Territory.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
itock $245,800 ($100) - - $245.800 See text1st mtge $500,000 gold ($500 1905 5 g A-0 350,000 1925& 81.000) red 1915 at 105c• lint, at Colonial Trust Co.. N. Y.. trustee.EARNINGS.-For year 1909, gross, $113,991; net, $54,483; charges and
taxes, $18,871; dividend (6%). $14,121; surplus, $21,491.ROAD.-Operates 14 miles In and around Muskogee. Standard gauge.
70 and 60-lb. T rail. 3 miles of extensions proposed.OFFICERS.-Pres. and Gen. Mgr., Willis E. Fertig; V.-P., R. D.
Benson; Sec. & Treas., N. A. Gibson; Local Mgr., R. D. Long
MUSKEGON, MICH.MUSKEGON TRACTION & LIGHTING CO.In Jan. 1006 entire stock was acquired by the American Light & Traction
Co. V. 82, p. 49.ORGANIZATION.-Incorporated In Michigan on March 1 1001, and is
a consolidation of the street railway, electric light and gas companies ofthe city. Has 10-year contract from 1901 for city street lights. In Dec.1905 street railway franchise extended until Jan. 19 1931 and the gasfranchise for 5 years. See V. 81, p 1724.
STOCK AND BONDS- Date. Interest. Outstanding. MaturityStock $600,000 ($100)$600,000 Preferred $100,000 6% cum__ ----- 6 63,000 See textFirst mortgage $600,000 gold{ 1901 5 g M-S 600,000 Mch 1 1931($1,000) Interest at Wyoming Valley Trust Co..
Wilkes-Barre, Pa.. Trustee.Bonds.-May be called after ten years at 105.Dividends.-On pref. stock 6% yearly from 1902 to 1909 inclusive.ROAD.-Owns 15 miles of road and *ryes as a terminal for the Grand
Rapids Grand Haven & Muskegon Ry., which operates 40 miles of trackbetween points indicated in the title.OFFICERS.-Pres.. J. T. Young; V.-P., A. P. Lathrop; Sec. and Treas.,
F. A. Nims, Muskegon; Asst. Sec. & Asst. Treas.. C. N. Jeliffe; And., Jas.Lawrence.-V. 81, p. 1724; V. 82, p. 49.
NASHVILLE, TENN.NASHVILLE RAILWAY & LIGHT co.-Street railway and lighting
system.ORGANIZATION.-Incorporated in Tennessee on June 26 1903. Is a
reorganization of the Nashville Railway Co., sold under foreclosure of thelatter's 1st consol. mtge. 'the Nashville By. was a consolidation in 1900of the Nashville Street Railway, the Nashville & Suburban and the Citi-zens' Rapid Transit, the Cumberland Electric Light do Power and theUnion Light & Power Co. Owns and operates all the street railways anddoes entire commercial electric-lighting business in Nashville. Franchisesperpetual. Isidore Newman & Son of New Orleans are fiscal agents.
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STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.Common $4,000,000Q-J $4,000,000 Oct10,3‘1%Pref 5% cum $2,500,000 _ __ _ Q-J 2.500.000 Oct'10 154, %McG Mt V Horse RR 1st M_ 1886 6 J-J 65,000 July 1 1926
do 2d series 1887 6 J-J 485,000. July 1 1937Nashville de Edgeneld 1st mtge 1886 6 J-J 99,000 Jan 1 1917Consol mtge $400,000_ _ 1890 6 J-J 274,000 Jan 1 1920
Nashville St By 1st mortgagel 1895 5 g J-J 907,000 Jan 1 1925$2,000,000 gold ($i,000)._ jInt. on above 5 Issues payable in New York.
Nash By & Lt consol retge) 1905 5 g J-J 4,054,000 July 1 1053*6,000,000 gold ($1,000) !Interest at Guaranty Trust Co.. N.Y.. Trus.sinking fund es)
Nash By de Lt ref & ext mtgef 1908 5 g J-J 1,945,000 July 1 1958$15,000,000 ($500. $1,000) Int. at Guaranty Tr. Co., N. Y., Trustee.gold c• ( or at Nashville Trust Co., Nashville.Bonds.-The Nashv. Ry. & Lt. consols of 1903 are subject to call on
any Interest date on 60 days' notice at 107;4. No more can be issuedexcept $56,000 now in treasury. Sinking fund $30,000 per annum, com-mences July 1 1913.but only If company has a surplus above charges anddiv. on pref. stock; bonds to be kept alive in sinking fund. Of the newref, and ext. bonds, $6,000,000 are reserved for prior liens; $55,000 arein treasury or subject to issue at option of company, and $7,000,000 may beissued, at the rate of *1,000 for each $1,250 expended, for future improve-ments and equipment, not over $700,000 to be issued in any calendar year,and subject to certain other conditions. Bonds cannot be called Sinkingfund of 34 of 1% of outstanding bonds starts Nov. 1 1918, bonds in sinkingfund being kept alive. See particulars of bonds, property, &c., in V. 87,p. 227
Dividends.-The first dividend on pref. stock-2% %-was paid Jan. 11905 and 234% each six months since to and including July 1910. In Oct.1910 changed to quar. and paid 1 %. First div on com.-1%--waspaid July 1 1909. In 1910, Jan., 1%; April, 3,6%; July, %%.REPORT.-Years ending Dec. 31:
ROAD.-Operates 81 miles of track. Has been changed from broad tostandard gauge. 70 to 100-lb. T and girder rails. 224 cars.OFFICERS.-Pres. and Mgr., Percy Varner; V.-P., J. C. Bradford;
Sec. and Treas.. H. C. Walters.-V. 86. p. 1529; V. 87. p. 38, 227; V. 88,17- 1062; V. 90, p. 503, 698, 1677; V. 91, p. 791. ,
NATCHEZ, MISS.SOUTHERN RAILWAY & LIGHT CO.-Street railway, gas and electric.ORGANIZATION.-Incorporated in 1908 and took over Southern
Light & Traction Co. (V. 85, p. 1144), which was a consolidation of theNatchez Electric Street By. & Power Co., the Natchez Light, Power deTransit Co. and the Natchez Gas Light Co. Gas franchise perpetual; streetrailway and electric lighting franchises expire in 1949. Does the entirestreet railway, gas, electric-lighting and power business of Natchez. Hascontract with city for street lighting which expires in 1914.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $45,670 ($100) $45,670 So. Lt. & Tract. 1st m $500,-) 1903 5 g A-015 335,000 Apr 15 1933000 g ($1,000) u'iInt. at Inter-State Tr. & Bkg. Co., New
Orleans, Trustee, or at First Nat. Bk., N. Y.Bonds.-$180.000 are reserved for betterments and extensions. Are sub-ea to call at 105 and int. $5.000 have been retired. See V. 76, p. 1086.EARNINGS.-For year ending Dec. 31 1908: Gross, $127,365; net,
$45,604; interest and taxes, $22,466; surplus, $23,138.ROAD.-Operates 6 miles of track; 12 cars.OFFICERS.-Pres., A. G. Campbell, Natchez; V.-P., L. H. Dinkins,
New Orleans; Sec.. Treas. & Mgr.. Frank J. Duffy, Natchez.-V. 86, p.1591.
NEWARK, N. J.PUBLIC SERVICE CORPORATION OF N. J.-Street railway, gas and
electric.-(See map on pages 64 and 65.)ORGANIZATION.-Incorporated in New Jersey on/May 6 1903 and
controls, through ownership of stock, Public Service By. Co., PublicService Gas Co., Public Service Elec. Co., Orange & Passaic Valley By. Co.and United Elec. Co. of N. J. The stockholders of the two cos, last namedand also the stockholders of certain of the cos. out of which Public ServiceBy. Co. was subsequently formed (namely North Jersey Street By. Co.,Jersey City Hoboken de Paterson St. Ry. Co. and Elizabeth Plainfield &Central New Jersey By. Co.) were given certificates described below in exch.for their stock. See plan in V. 76, p. 865, and also p. 1249. The FidelityTrust Co. of Newark financed the transaction.
Controls practically the entire street railway business of Northern NewJersey and the gas and lighting interests of the greater part of New Jersey.Also owns entire capital stock of Middlesex Electric Light & Power Co..Morristown Gas Light Co. (V. 91, p 95), Nichols Elec. Lt. & Power Co. ofNutley, N. J., and Citizens' Elec. Light, Heat ec Power Co. (Perth Amboy.N. J.); a majority of stock of Princeton Light, Heat do Power Co. and prac-tically all of the common stock of N. J. de Hudson River By. & Ferry Co.Merger of Subsidiaries.-In 1907 North Jersey Street By. Co., Jersey
City Hoboken & Paterson Street By. Co., and United Street By. Co. of Cen-tral Jersey were consolidated under the name of Public Service By. Co.,which see below. V. 85, p. 406 and 470. To Public Service By. Co. alsohave been transferred the leases of various railways formerly held by PublicService Corporation.In Oct. 1909 all leasehold interest in gas properties and all rights under
operating agreement with Plainfield Gas Light Co. were assigned to thePublic Service Gas Co., which-see below; also V. 89, p. 594, 721. 847.In July 1910 all leasehold interest in electric light and power properties
were assigned to the Public Service Electric Co. V. 90, p. 1614.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $25,000,000 ($100)- - - Q-M 31 $25,000,000 June 30'10.1 XITrust certificates, $20,200,066 1963 See text 19,934,610 PerpetualFidelity Trust Co.. Newark, Trustee.
General mortgage $50,000,- 1909 5 g A-0 $13,500,000 Oct 1 1959000 gold ($1,000) s f...._c• Interest at Fidelity Trust Co., Newark, Trus-
tee. or agency of company in New York.Bonds.-The trust certs. bear 2% int. (dating from June 1 1903) the
first two years, 23% the third year, and increasing by ;i% each followingyear until 6% is reached in the tenth year, which is to be the rate thereafter.Interest is payable May and November. The Fidelity Trust Co. of Newarkin Jan. 1905 offered $2,000,000 of these certificates at 110 and endorsedupon them its agreement to pay each year up to 1912 an additional amountof interest to bring the aggregate stipulated rate of interest immediatelyup to 6%. See V. 80, p. 164. The following shows the terms upon whichthe stocks of the constituent companies were exchanged for the trust certifi-cates. The stocks acquired are pledged as security for the trust certificates.
New Total ctfs.Total Total cent! 1- if all stockstock. deposited. cafes. exchanged.$ $ % $
*North Jersey Street Ry 15,000,000 14,750,000 40 6,000,000*Jersey City Hoboken & Paterson
Street By 20.000,000 19,942,800 35 7,000.000*Elizabeth Plainfield 63 Central .Jersey By. Co 3,000,000 3.000,000 30 000 ,000Orange de Passaic Valley By. Co 1,000,000 921,500 30 300 ,000United Electric Co 20,000,000 19,594,000 30 6,000,000
Total 20,200.000• Now merged in Public Service Railway Co.. which see below.The trust deed provides that the stocks pledged shall not be used so as to
Increase the capital stock of any of the companies, nor to create any newliens upon the respective companies except to take up existing debt of anysuch company or of underlying or subsidiary companies.
$50,000,000 Mortgage.-Of the mtge. for $50,000,000 made in 1909.$8,000,000 were sold in 1909 to a syndicate headed by J. P. Morgan de Co.(V. 89, p. 721, 1348; V. 90, p. 698), the proceeds being used largely in takingup the coll, trust notes due Nov. 1 1909. Remaining bonds may be Issuedfor extensions and betterments, but only and when (up to $25,000,000 bondsat par) the Income for the preceding 12 cal. months, together with the incomefrom leased properties for the same period, after deducting operating ex-penses, taxes and rentals, shall exceed the sum total of ann. Int. payableupon all bonds then out, together with those at the time about to be issued.by an amount of not less than 75% of the ann. Int.; and in case of Issuance ofbonds over and above $25,000,000, then only when such excess of incomeshall exceed int. on all bonds out, including those at the time about to be
Issued. by an amount of not less than 100% of the ann. int. For securityof bonds see V. 89, p. 1348; V. 90, p. 698. These bonds will be redeemableon any int. date, beginning Oct. 1 1919, at 105 & int. Commencing Aug. 11913 an annual sink, fund payment of $209,500 draws bonds at 105 & int.Bonds are listed on New York Stock Exchange. V. 91, p. 717.Leases.-In the following we show the companies held under leases by
Public Service Corporation, with the annual dividends called for on thestocks of such companies. The gas leases were all assigned to Public Set,vice Gas Co. in Oct. 1909 (V. 89, p. 594) and the electric leases to PublicService Electric Co. in-July 1910.
Company- % % % % % %Essex & Hudson Gas Co 334 434 5 6 7 8 8 8 8 yearly.Hudson County Gas Co 2 234 3 4 5 6 7 8 8 "The Paterson & Passaic Gas& Electric Co 13.6 2 234 3 334 4 5 5 5
South Jersey Gas, Electric &Traction Co 33,6 43.6 5 6 7 8 8 8 8
Orange de Passaic Valley Ry. Co_a Somerset Union & Middlesex Lighting Co Camden & Suburban Rallwaya New Brunswick Light, Heat de Power Co The Gas 63 Electric Co. of Bergen County See those companies.United Electric Co. of New Jersey Middlesex Elec. Light & Power Co Nichols Elec. Lt. & Pow. Co. of Nutley, N. J The East Newark Gas Light Co Weehawken Contracting Co a These roads are now leased to Public Service By.Dividends.-First city. of 1 % was paid June 29 1907; 1 % was paid Sept. 30
1907 and 1% Dec. 31 1907. In 1908, 4%. In 1909, 434%. In 1910.March, 1 3 % ; June, 134%.REPORT.-For calendar years; 1909 report in V. 90, p. 1236, 1301.Gross Earnings- 1909. 1908. 1907.
Public Service j From operation_ _ _ _ $5,117,728 $4,584,682 $4,647,219Corporation 1Miscellaneous 1.457,432 1,246,721 1,023,951
Gas company 7,870,879 7,349,930 7,251,481Railway company 12,114,412 11,086,354 10,705,393
111
CO
Total gross earnings $26,560,451 $24,267,687 *23,628,044Oper. expenses and taxes 13,331,228
Net earnings $13,229,223Deduct-
Interest and rentals of leased andcontrolled companies $10,111,403
Fixed charges of Public Serv. Corp'n. 1,689,372
Total $11,800,775Surplus for year $1,428.448OFFICERS.-Pres., Thos. N. McCarter; 1st V.-P., George .J Roberts:
2d V.-P.. John J. Burleigh; 3d V.-P., Randal Morgan; 4th V.-P.'
AnthonyR. Kuser; Comp., Percy S. Young.; Sec., Ed. W. Hine; Treas., Jas. P.Dusenberry.-V. 86, p. 1101, 1160, 1285, 1410; V. 88, p. 53. 1002, 1500;V. 89, p. 349, 594, 721, 847, 1348; V. 90, p. 111, 699, 1236, 1293, 1301,1614; V. 91, p. 95, 397, 717.(1) Princeton Light. Heat & Power Co.In 1910 Public Service Corp. acquired control. V. 91, p. 399. Public
Service Corp. owns $110,550 stock.ORGANIZATION.-Incorporated in New Jersey on July 31 1905/as a
consolidation of Princeton Elec. Light Works, Princeton Gas Light Co. andHopewell Electric Light, Heat & Power Co.STOCK AND BONDS- Date, Interest, Outstanding. Maturity.
Stock $250.000 ($50) $122,500 1st ref mtge $250,000 g s fl 1909 5 g F-A .177.000 Feb 1 1939($100. $1,000 or frac) _ _ _c•j Int. at Trust Co. of America, N.Y. ,trustee
Prior lien mtges (3 issues) _ 23,000
• $160,000 of the $177,000 outstanding bonds are guar. p. & I. by PublicService Corp.Bonds.-$23,000 of 1st & ref. bonds are reserved to retire like amount of
prior liens. Redeemable on any Int. day at 105 and int. Sinking fund4% of gross earnings of company begun in 1910.OFFICERS.-Pres., Frank Bergen; Sec., H. C. Stevenson; Treas..
J. P. Dusenberry.-V. 91, p. 399.
PUBLIC SERVICE ELECTRIC CO.Controlled by Public Service Corporation by ownership of entire capital
stock.ORGANIZATION.-Incorporated in New Jersey on June 13 191u.Leases.-In July 1910 Public Service Corp. assigned to Public Service
Electric Co. the leases of United Elec. Co. of N. J. Middlesex Elec. Lt. &
'Power Co., Weehawken Contracting Co. • Nichols Elec. Lt. & Power Co. ofNutley, N. J., and Citizens Elec. Lt., Ht. & Power Co. and theelectricproperties of South Jersey Gas, Elec. & Trac. Co., The Paterson & PassaicGas & Elec. Co., Somerset Union & Middlesex Lighting Co. and The Gas& Electric Co. of Bergen County. For dividend rates of these latterTseePublic Service Corp. above. Also leases and operates the power stationsowned by Public Service Ry. Co.
Stock authorized, *15,000,000; outstanding, $6,750,000; all ownedDyPublic Service Corp. No bonds.PROPERTY, ETC.-On Dec. 31 1909 (railway and lighting combined)
had 23 generating stations and 40 sub-stations, with a total capacity of148,232 k. w.; 340 miles of transmission line and 74 miles of conduit.Meters, 55,521; street arc lamps supplied, 11,098; and 15,418 street incan-descent lamps.OFFICERS.-Pres., Thos. N. McCarter; V.-P., George J. Roberts:
Comp., Percy S. Young; Sec., Ed. W. Hine; Treas., Jas. P. Dusenberry:Gen. Mgr., Dudley Farrand.
United Electric Co. of New Jersey.ORGANIZATION .-Organized June 1 1899.Lease.-Leased July 1 1907 for 999 years to Public Service Corporation.
In July 1910 lease assigned to Public Service Electric Co. Undercue lease the $400,000 surplus cash assets of company were divided and aspecial dividend of 5% was paid June 29 1907 (V. 85, p. 44). Rental is3% for two years, 4% for next two years and 5% thereafter. V. 85. p. 44.Public Service Corporation owns practically all of this company's stock.BONDS.- Date. Interest. Outstanding. Maturity.
Stock, $20,000,000 $20.000,000 July '10, 2%1st mtge $20,000,000 gold 1899 4 g J-D 18,575,500 June 1 1949($500 and $1 000) ' c* Int. at N.J.Titie Guar. de Tr. Co.. J.C., Trus.
Con Lt Heat & Pun $1,000,- 1898 5 g J-D 317,000 June 1 1938000 ($500) gold__ Int. at N.J Title Guar & rr.Co .J.C., Trustee
No Hudson Lt Heat & Pow 1898 5 g A-0 282,000 Oct 1 1938$2,000,000 ($1,000) Int. at N.J.Titie Guar.&Tr.Co. J.C., rus.Bonds.-In addition to the above there are 6115,000 Con. Lt. lit. de Pow.
bonds in hands of trustee. lat. on 1st mtge. is guaranteed by Pub. Ser.Corp., which also agrees to provide for payment of prin. by extension, re-funding or otherwise. V. 90, p. 114. 1st mtge. bonds are reserved to re-tire Con. Lt. Ht. & Pow. and No. Hud. Lt. Ht. & Pow. bonds.
Report.-Gross, year ending Mch. 31 1910, $3,277,384; net, after taxes.$1,866,056; int., $779,226; surplus, $1,086,830. In 1908-09, gross. $2,-901,691; net, after taxes, $1,609,069; int., $779,210; surplus, $829,859.V. 85, p. 44, 288, 415; V. 90, p. 114. 1106.
Middlesex Electric Light & Power Co.ORGANIZATION.-Is a consolidation of Carteret Electric Light &
Power Co. and Middlesex Lighting Co. Was leased May 1 1908 for 900years to Public Service Corp. for an annual rental of 5% on stock and int.on bonds. Lease assigned to Public Service Electric Co. In July 1910.Stock all owned by Public Service Corporation.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $200,000 $175,000 First mortgage, $200,000,J 1905 5 g J-J 176,000 Jan 1 1955gold (Fidelity Trust Co., Newark, trustee.Bonds.-0i the bonds, $24,000 are reserved for Improvements.
Nichols Electric Light & Power Co. of Nutley. N. J.ORGANIZATION.-Incorporated in New Jersey. Stock $25.000 ($50):
all owned by Public Service Corp. No bonds. Was leased May 1 1908 for 900years to Public Service Corp. (lease assigned to Public Service Electric Co.in July 1910) for anlannual_rental of 10% on stock.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
72 ELECTRIC RAILWAYS IVoL, Lxxxxi
Weehawken Contracting Co.ORGANIZATION,-Inc. in New Jersey May 9 1904. Is leased to Public
Service Corp. for bond Int. and 6% on pref. stock. Lease assigned in July1910 to Public Service Elec. Co. Stock all owned by Public Service Corp.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, corn. $70,000 ($50) _ $70,000 Pref. $41,050 ($50) 41,050 First mortgage, $30,000 gold' 1908 6 g F-A 20 30,000 Feb.20 1928($250) cslInterest at Weehawken Trust Co., trustee,
Citizens Electric Light Heat & Power Co.Leased to Public Service Corp. June 15 1910 for 999 years, and in July
1910 lease assigned to Public Service Electric Co.ORGANIZATION.-Incorporated in New Jersey on March 1 1905.
Stock auth., $125,000 ($25); outstanding, $41,400; all owned by PublicService Corporation.
PUBLIC SERVICE GAS CO.Controlled by Public Service Corporation by ownership of entire capita
stock.ORGANIZATION.-Incorporated In New Jersey and was created by
changing the name of the old Oxy-Hydrogen Co. of the United States(incorporated in New Jersey in 1873). This latter is said to have had aperpetual charter under legislative grant conveying the right to manufac-ture and distribute gas throughout the State. Company has no bonds.
Leases.-On Oct. 1 1909 Public Serv. Corp. assigned to Public Service GasCo. the leases of Essex & Hudson Gas Co., Newark Consolidated Gas Co.,The East Newark Gas Light Co. and Hudson County Gas Co., and, in so faras they relate to the manufacture and distribution of gas, the leases of SouthJersey Gas Elec. & Trac. Co., The Paterson SC Passaic Gas & Elec. Co.,Somerset Union do Middlesex Lighting Co. and The Gas & Elec. Co. of BergenCounty. V. 89, p. 594, 721. For div. rates, see Public. Serv. Corp. above.On July 1 1910 leased Ridgewood Gas Co. and Morristown Gas Light Co.
Stock, $10,000,000; $6,000,000 outstanding; all owned by Pub. Ser. Corp.Stock will be issued (V. 89, p. 594) from time to time at par to Public
Service Corp. only for cash or for improvements at actual cost thereof.PROPERTY, &c.-In 1909 sold 7,676,574,000 cu. ft. of gas. July 1
1910 had 2,260 miles of mains and 336,611 meters in service.
Essex & Hudson Gas Company.ORGANIZATION.-Incorporated in Nov. 1898 in New Jersey and on
Dec. 1 1898 assumed the lease of Newark Consol. Gas Co. to United GasImprovement Co. for 999 years from Dec. 1 1898. Essex & Hudson GasCo. was leased to Pub. Service Corp. for 900 years from June 1 1903 andlease assigned Oct. 1 1909 to Public Service Gas Co. For terms of lease seePub. Service Corp. above. Stock authorized and outstanding, $6,500,000.OFFICERS.-Pres., J. F. Shanley; V.-P's, G. R. Gray and Spencer
Weart; Sec., W. F. Douthirt; Treas., Lewis Lillie. V. 67, p. 1002, 1160.Newark Consolidated Gas Company.
ORGANIZATION.-Incorporated Nov. 30 1898 in New Jersey. Con-solidation of Newark Gas Co., Montclair Gas do Water Co., Summit GasLight Co., People's Gas Co. of Irvington and Clinton Gas Co. Owns entirecapital stock of Orange Gas Light Co. and practically all the stock of TheEast Newark Gas Light Co. Leased all its property to United Gas Im-provement Co. of Phila., Pa., for 999 years from Dec. 1 1898, and on samedate lease was assigned to Essex & Hudson Gas Co. and by last-namedcompany to Public Service Gas Co. Oct. 1 1909. Lease provides for pay-ment of all fixed charges and divs. on stock commencing 3•5 % July 1 1900and increasing M % yearly until 5% is reached in 1910; thereafter 5% per an.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $6,000,000 ($100) $6,000,000 See text.Newark Cons Gas cons mtge 1898 5 g J-D 6,000,000 Dec 1 1948$10,000,000 g ($1,000). _0 Int. at Fidelity Trust Co., Newark, trustee.
Newark Gas 1st mtge $4,000,- 1895 6 Q-J 3,999,700 April 1 1944000 ($100, $500&$1,000)c Trust
1
* Int. at Fidelity Tst Co., Newark.Bonds.-Of the $10,000,000 Newark Con. Gas bonds, $4,000,000 are re-
erved to retire underlying liens.OFFICERS.-Pres., T. A. Nevins; V.-P., Wm. Scheerer; Sec. ec Treas.,
. E. W. Campbell.The East Newark Gas Light Co.
This company was leased to Public Service Corporation for 999 years fromSept. 1 1909 for annual rental of 6 % on stock, and lease assigned Oct. 1 1909to Public Service Gas Co.ORGANIZATION.-Incorporated in New Jersey. Stock $60,000 ($25);
all out; no bonds. Stock is owned by Essex & Hudson Gas Co., NewarkConsol. Gas Co. and Public Service Corp. Operates in Harrison. Kearny,Arlington, North Arlington and East Newark.
Hudson County GAS Co.This company was leased to Public Service Corporation for 900 years
from June 1 1903. Oct. 1 1909 lease was assigned to Public Service Gas Co.For dist. rates see Public Service Corporation above.ORGANUATION.-Incorporated in New Jersey in October 1890, and
is a consolidatir.n of the various gas piants in Jersey City and Hoboken.STOCK AND BONDS.- Date. Interest. Outstauliug. Maturity.
Stock $10,500,000 ($100). .__ _ _ . ___ $10,500,000First mortgage $10,500,0001 1899 5 g M-N 10,500,000 Nov 1 1949
gold_.,... ..-- -IN.J.Titie Guar.hTr.Co., Jersey City, Trus.PLANT.-Controls all gas plants in Jersey City, Hoboken and Hudson
County, N. J.-V 78. p. 770; V. 84, p. 1555.Ridgewood Gas Company.
ORGANIZATION.-Incorporated April 24 1900. Is leased to PublicService Gas Co. for 999 years from July 1 1910 at rental of $2,000 per annum.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $100,000 $100,000 First mortgage, $100,000_ __I 1900 5 J-D 100,000 June 1 1925
Int. at Trust Co. of Amer., N. Y., Trustee.Second mortgage, $100,000j 1905 5 A-0 85,000 Oct 2 1925
lint. at Fidelity Trust Co., Newark, Trustee.Morristown Gas Light Co.
In 1910 Public Service Corporation acquired all the capital stock of thiscompany. V. 91, p. 95.ORGANIZATION.-Incorporated in New Jersey on Feb. 19 1855.
Leased to Public Service Gas Co. for 999 years from July 1 1910. Rentalequal to 5% per ann. on outstanding capital stock. Stock out, $367,500($100), all owned by Public Service Corporation. No bonds.
The Paterson & Passaic Gas & Electric Co.This company was leased to Public Service Corporation for 900 years
from June 1 1903. See dividend terms further above. In Oct. 1909gas part of lease assigned to Public Service Gas Co. and in July 1910 electricpart of lease assigned to Public Service Electric Co.ORGANIZATION.-Is a consolidation of the yarions gas and lighting
properties of Paterson and Passaic.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock 15,000,000 ($100)_ . __ . ___ J-1) $5,000,000 Cons ratite $5,000,000 gold f 1899 5 g M-S 4.034.000 Mch 1 1949(31,000) OS Int. at First Nat. Bank, Paterson, or First
t National Bank, New York.Ed El III 1st mtge 1895 5 g J-J 600,000 July 1 1925Passaic Ltg Co con mtge.. ___ 1895 5 g M-N 316,000 May I 1925Passaic Gas Lt 1st mtge_ ___ .. 1892 6 g J-D 50.000 June 1 1922Bonds.-Of the new $5,000,000 mtge. of 1899, $963,000 is reserved for
underlying liens. The new bonds are not subject to call. The PatersonSafe Deposit & Trust Co is trustee.
Somerset Union & Middlesex Lighting Co.ORGANIZATION.-Incorporated in New Jersey on Dec. 1 1903 in the
interest of Public Service Corporation, as a consolidation of Somerset Light-ing Co. of Somerville, N. J., Plainfield Gas & Electric Light Co. of Plain-field, N. J., and Citizens' Electric Co. of North Plainfield. (V. 78, p. 107.)On Dec. 31 1903 Central Electric Co. was also merged in the same.LEASE.-The company was leased to Public Service Corporation (lease
since Oct. 1 1909 runs to Public Service Gas Co.) for 900 years fromDec. 31 1903 on the following terms, viz.: all interest, expenses andtaxes to be taitid by Public Service Corporation, and as rental a dividendon the stock accruing as follows: From Dec. 1 1905. 1 %* Dee. 1 1908,1, %; Dec. 1 1907 2%; Dec. 11908, 2 %; Dec. 1 1909, 3 %; Dec. 1 1910,63%; Dec. 1 1911 and thereafter, 4%. So much of lease as relates tomanufacture and distribution of gas has been assigned to Public Ser•Gas.00 ;remainder of lease applying to electric properties has been assigned toPublic Service Electric Co.STOCK AND BONDS.- Date, Interest. Outstanding. Maturity.
Stock $1,050.000 ($100) ..... .-- J-D $1,050,000 See textSomerset lin & Mid Lt Co M1 1903 4 g J-D 1,973,973 Dec 1 1943
$2,750,000 ($1,000) g_ .c•J Int. at Fidelity Tr. Co. Newark, Trustee.
Underlying Bonds assumed-Plainfield Gas dc Electric 1st( 1891 5 J-J $110,000 Jan 1 1911mtge, $110,000 '(Central Trust Co., New York, Trustee.
Plainfield Gas dc Elect Lt gen 1900 5 A-0 350,000 April 1 1940mtire $500,000 . _ Morton Trust Co , New York Trustee.
Citizens' Electric 1st mort- 1895 5 M-N 40,000 Nov 1 1915gage, $40,000 Knickerbocker Tr. Co., New York, Trustee.
Somerset Lighting Co 1st 1899 5 F-A 150,000 Feb 1 1939mortgage, $150,000 _ Fidelity Trust Co., Newark, Trustee.
Cent Liec consol mtge-$750-,- 1900 5 g J-J 700,000 July 1 1940000 ($500 and $1,000) g_c• Int. at Fidelity 'Pr. Co.. Newark, Trustee.
Edison Elect III of N B 1st) 1838 6 J-D 50 000 June 1 1918mortgage $50,000 Bonds.-$1,097,978 of the 1903 bonds have been issued in exchange for
the stocks of the companies consolidated and $876,000 for extensions andimprovements; $897 is reserved for Central Electric stock not yet acquired(the company having previously obtained the remainder of the $750,000total stock of that company), $775,000 to retire the underlying bonds and$125 for future additions and improvements. No sinking fund, and bondscannot be called. Of the $500,000 Plainfield Gas do Electric general 5s,$150,000 is reserved for prior liens. Of Central Electric Co. bonds, $50,000is reserved to retire a like amount of Edison Electric Illuminating Co. bonds.Central Electric bonds are subject to call after 1905 at 110 and interest.
Pres., H. G. Runkle; Sec., J. C. Pope. Y. 78. P• 107.South Jersey (las Electric & Traction Co.
This company was leased to PAM Service Corpor'n for 900 years fromJune 1 1903 (see dtvs. guaranteed under Public Service Corp. further above),and on Oct. 1 1909 so much of lease as relates to the manufacture and dis-tribution of gas was assigned to Public Service Gas Co. Its traction busi-ness is leased to Public Service By. Co. and its electric business is leasedto Public Service Electric Co.ORGANIZATION.-Incorporated in 1900 to bring under one control
the gas, electric light and trolley interests in Southern New Jersey. InDec. 1902 purchased the entire capi,71 stock of Bristol Electric Light &Power Co. of Bristol, Pa.; the latter has no bonded debt. Also owns thecapital stock of the Yardley (Pa.) Elec. Lt. Heat & Power Co.
Also owns the entire capital stock ($600,000) of the Camden Gloucester& Woodbury Ry , which has been leased to Public Service Ry. Co.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity
Stock $6,000,000 ($100)____ _ J-D $6,000,000 See text1st mtge 515,000,000 gold 1903 5 g 12,378,000 Mch 1 1953 c* Int. at Fidelity 'Pr. Co., Newark,N.J. Trus.
Treli0to,n008& El 1st NI $2,000.- 1899 5 g M-S 2.000,000 Mch 1 1949000 geld ($1.000) Interest at [`rust Co. of Am., N. Y Trustee.
Burlington Gas Lt Co 1st M__ f 1901 5 g M-N 100,000 May 1 1921 lInt. at But-1'n City L. &T.Co., Burl'n, trustee.Of the new 815,000.000 issue, $2,108,000 are reserved to retire
B$107100d.s000-
prior liens and $514,000 for additions and improvements. No sinking fundand bonds cannot be called.-V. 76, p. 332, 544, 886, 114,4, 1250; V. 78.p. 1449; V. 88, p. 1530. • • • • • • • • • • • • • . • • • • • •
p.144/111 fRAI1 New Brunswick Light, Heat & Power Co.ORGANIZATION.-Incorporated in New Jersey on Dec. 7 1899. Owns
all the stock of The Gas Light Co. of New Brunswick. except directors'shares. Int, on bonds and div. on stock is paid by Public Service Corpora-tion through lease of The Gas Light Co. of New Brunswick. See fattercompany below.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock. $500,000 ($100) ---- - J-J $400,000 See text.First mtge. $500,000, gold 1899 4 g J-D 15 500,000 Dec.15 1939($500 and $1,000) OlInt. at Fidelity Trust Co., Newark, trustee.OFFICERS.-Pres., John C. Eisele, Newark; Sec., H. M. Barrett;
Treas., Nathaniel King, Newark.-V. 79, p. 2799.(a) The Gas Light Co. of the City of New Brunswick.ORGANIZATION.-Incorporated on Mch. 18 1851. Stock authorized
and outstanding, $400,000; al owned by New Brunswick Lt., Ht. & Pow.Co.. except directors' shares. Was leased to the Public Service Corporationfor 900 years from Jan. 1 1905 (June 1 1906 lease assigned to South JerseyGas, Elec. & Trac. Co.), rental being payment of int. on bonds of NewBrunswick Lt., Ht. & Pow. Co. and divs. on stock of said company, as fol-lows: 2% in each of the years 1905 and 1906, 2% in 1907 and 1908,3% in 1909 and 1910, 33i % in 1911, 4 % in 1912, 4% % in 1913 and 5%in 1914 and thereafter. The company is now controlled by Public ServiceGas Co. by reason of assignment of lease of gas properties of South JerseyGas, Elec. & Trac. Co. to Public Service Gas Co.
Gas & Electric Co of Bergen County.LEASE.-Was leased to the Public Service Corporation for 999 years from
Jan. 1 1905. Dividends are 2% for first two years, 2 % for thenext year, 3% for the next two years, 4% for the next four years and 5%thereafter. Oct. 1 1909 so much of lease as relates to manufacture anddistribution of gas was made over to Public Service Gas Co. and in July 1910lease of electric properties was assigned to Public Service Electric Co.ORGANIZATION.-Inc. May 31 1899. Is a consolidation of several
small gas and electric-light companies.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
'Fidelity Trust Co., Newark, Trustee.Co5n0so1,Id0a0tegdoldmortgage, $1,-) 1899 5 g J-D 1,336,000 June 1 194900
1 1911N Y Ruth do Sub consol mtgel-Filduci5ity T6r,tris Mt -Cso., Newark, 0Torumsteehe..
Ruth & B Springs gen mtge.__ 1891 6 M-S 50,000 Meh. 1 1911Englew G & E general mtge.._ 1899 5 J-J 23,000 Jan. 1 1039Hack Gas dv Elm deb Series 1807 6 J-J 3,000 Jan. 1 1917Hack Gas '& Elec 1st mtge - 1895' 5 " 10,000 July 1 1935Hack GI L 1st mtge (51,000)...c 1894 5 J-J 28,000 July 1 1934Bonds.-Of the general mortgage for 15.000,000, $1,546,000 is reserved
to retire prior liens and $1,625,000 for additions and improvements. Thegen. mort. of which the Bowling Green Trust Co. is trustee, was supersededby the similar mtge. of which Fidelity Tr. Co. Is trustee. V. 80, p. 653.OFFICERS.-Pres., Dr. D. St. John, Hackensack.-V. 80. p. 653.
PUBLIC SERVICE RAILWAY CO.-See map on pages 64 an, 8).Controlled by Public Service Corporation through ownership of 98.64%
of stock. No lease.ORGANIZATION.-Organited in 1907 as a consolidation of the North
Jersey Street Ry. Co., Jersey City Hoboken h Paterson St. By. Co. andUnited Street fly. Co of Central Jersey. V. 85. p. 408. North Jer-sey Street fly. In Jan. 1898 absorbed tile Newark & Sollth Orange. TheJersey City Floboken & Pitt.-gon via. 11 P-n...11(1/01onin Nrivenitier 1899of the following: Jersey City Hoboken & Rutherford Electric Ry. Co., Pali-sades RR, Co., Paterson Central Electric Ry. Co., Paterson Horse Bit. Co.,Paterson Passaic SG Rutherford Electric By. Co., Saddle River Traction Co.,White Line Traction
Co.' formerly the New Jersey Electric Ry. Co. In
1901 it absorbed Paterson Ry. Co. and North Hudson Co. Ry. Co., UnitedStreet Ry. Co. of Central Jersey was a consolidation in July 1907 of Eliza-beth Plainfield & Central Jersey Ry. Co. (which was chartered in 1900 as aconsolidation of Plainfield Street Ry. Co. and other companies) and Eliza-beth ec Raritan River Street Ry. Co. (which was a consolidation on April 301904 of Middlesex & Somerset Traction Co. and East Jersey Street Ry. Co..which latter company had previously absorbed Raritan Traction Co.,Perth Amboy RR. Co. and East Jersey Traction Co.In addition to above Public Service By. leases Consolidated Traction Co..
South Orange do Maplewood Traction Co., Bergen Turnpike Co., Orange doPassaic Valley fly. Co., Camden & Suburban Ry. Co. and Camden Glouces-ter & Woodbury Ry. Co., which companies see below.
Also owns all stock of People's Elevating Co.Operates the New Jersey & Hudson Riv. Ry. & Ferry Co., practically all
of whose common stock Is owned by Public Service Corporation.It is planned to build terminal station at Jersey City, connecting with
the Penn. RR. station and also with the tunnels terminating there.A terminal station at Iloboken connecting with the D. L. & W. RR,
station and also with the tunnels terminating Totalt h e re was completed in May1910.The basis of exchange of old stock for stock of this company Is as follows
TotalReceive New Stock
Name of Company- in new if all Stock
Deposited Stock. ExchangedNorth Jersey Street Ry.-$15,0SOW0c,k0b 0 $14,752,300 100% $15,000,000Jersey City Hob. & Pat__ 20,000,000 19,944,800 100% 20,000,000United St.fty.Co.of Cent.J. 4,000,000 4,000,000 75 % 3,000,000
Total $39,000,000 $38,608,900 $38,000,000
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Our., 1910.) ELECTRIC RAILWAYS 73
STOCK AND BONDS. Date. Rate. Outstanding. Div., etc.Stock. $38,000,000 ($100)____ ____ _______ $37,606,900 Dec31'09,2%Car trust certfs., Series" A"_ f 1908 6 J-J See text.600.000
lInterest at Fidelity Trust Co., Phila., Pa.Car trust certificates, Series1 1910 5 J-J 450,000 See text"B" JInt. at Fidelity Trust Co., Phila., Pa.
156,500 Real estate mortgages _______ ___ _Car trust certificates Series "A" were formerly an obligation of the Public
Service Corporation, but lease of equip. trust cars was assigned to PublicService Ry. Co. and cert. obligation assumed by Railway Co. They mature$40,000 semi-annually July 1 and Jan. 1. Series"B" certificates mature522,000 on each Jan. 1 and $23,000 on July 1.
SECURITIES OF NORTH JERSEY STREET BY.Date. Interest. Putstanding. Maturity.
First mortgage, $15.000,000,{ 1898 4 g M-N $15,000,000 May 1 1948gold ($1 000 each) Manhattan Trust Co.. New York, Trustee.
Interest at Fidelity Trust Co.. Newark, N. J.
SECURITIES OF JERSEY CITY HOBOKEN & PATERSON ST. BY'Date. Interest. Outstanding. Maturittl •
Jersey City Hoboken & Pater-} 1899 4 g M-N $14,061,000 Nov 1 1949erson 1st mtge gold. $20,- Interest at New Jersey Title Guarantee &000.000 ($1,000) c* Trust Co., Jersey City, Trustee.Bonds of Constituent Cos.-
& Hud. Co. By. mtge.($1.000)1884 6 J-J $620,000 Jan 1 1914North Hudson County Ry.Iconsol mortgage $3,000.000 } 1888 5 J-J 2.378.000 July 1 1928$620,000 to retire 1st M_c*JInt. at First Nat. Bank, Hoboken.
N. Hod. Co. By. Impt. mtge., 1 1894 5 MN 1,291,000 May 1 1924$1,500,000 ($1,000) f Int. at Fidelity Trust Co., Newark, Trustee.
Paterson By Con l‘f (new 1St)gold $1,250,000 ($1,000) _c
Paterson By second gen mtge5300.000. red at any timeBonds.--$5,93 , . C.
The second 5s of the North Hudson County Ry. expired May 1 1904, butwere extended until May 1 1924. See V. 78. p. 1392. These bonds areredeemable at 110 and interest on any interest date. V. 78, p. 1392.SECURITIES OF UNITED ST. BY. CO. OF CENTRAL JERSEY.Bonds of Constituent Cos.- Date. Interest. Outstanding. Maturity.
Eliz. Plain. & Cent. Jers. MI 1900 5 g J-D $2,400,000 Dec 1 1950$2,500,000 ($1,000) gold.c*}Interest at Fidelity Trust Co.. Newark,No. s. f. & cannot be called) Trustee.
Plainfield Street Ry. first MI 1892 5 J-J 100 000 July 11022($1,000) c*__ _ _Call in 1004 Int. at Fidelity Trust Co., Newark, Trustee.
,
Elizabeth & Raritan Riv. St. 1904 5 g M-N 1,500,000 May 1 1954Ry. gen. mtge, $3,500,000 Fidelity Trust Co., Newark Trustee.
Brunswick Traction mtge, g 1896 5 g J-J 500,000 July 1 1926($1,000) e*cannot be caliedj Fidelity Trust Co., Newark, Trustee.
Middlesex & Somerset Trac gl 1900 5 g J-J 1.000,000 Jan 1 1950M 51.500,000 ($1,0001_ _c* Int. at Fidelity Trust Co., Newark, Trustee.
East Jersey first mtge, 5500.-I 1904 5 g M-N 500,000 May 1 1944000. gold. euar p and I__ _ _ Perth Amboy Tr Co.. Perth Amboy, Trus.Bonds.-0I the total Issue of Ellz. Plain. & Cent. Jer. By. Co. bonds dated
1900, $100,000 is held to provide for like amount of Plainfield Street Ry. Co.bonds. See V. 71, p. 1310. Of Eliz. & Raritan River Street By. Co.gen. mtge. of 1904, $2,000,000 are reserved to retire prior liens.
Dividends.-FIrst div.-2-3%-paid Dec. 31 1908; in 1909, Dec., 2%.REPORT.-See Public Service Corporation and V. 90, p. 1236,1301.
For cal. year 1909, gross, $12,114,412; net, after taxes, $4,959,323; fixedchgs., $4,172,460; divs., $740,746; oth. deductions, $22,591; surp., $14,526.Passengers carried in 1909, 319,720,235, of which 238,171,257 were revenueand 81,548,978 transfer and passes. In 1908, 219,421,974 revenue, 74,-688,628 transfer and passes; total 294,110,602.ROAD.-Owns 415.416 miles 1st main track, 241.864 miles 2d main
track and 37.606 miles turnouts, yard track, &c. Total, 694.886 miles oftrack. 506 open and 1,391 closed cars.OFFICERS -Pres.. Thos. W. McCarter; 1st V.-P.. Cleo. J. Roberts;
2d V.-P., J. J. Burleigh; 3d V.-P.. Randal Morgan; 4th V.-P., A. R. Kuser:Comp., P. S. Young; Sec., E. W. Hine; Treas., J. P. Dusenberry; Gen.Mgr., R. E. Danforth; Gen. Aud., M. R. Boylan.-V. 85, p. 406, 1271;V. 88. p. 53; V. 89, p. 226.(1) Consolidated Traction Corn pony.Incorporated March 15 1893. On June 1 1898 leased to North Jersey
Street By. for 999 years. and lease has now passed to Public Service Ry. Co.V. 66, p. 1141. Validity of lease was affirmed In Feb. 1902 (V. 74, p. 380)and again in Feb. 1903. V. 76, p. 382.
Dividends under lease are:1899-1001 1902. 1003-1904.1905. Thereafter.
2% 2 yi % 3% 33- % 4%STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, all paid in ($100) _ _____ J-J 15 $15,000,000 See textUnderlying bonds-see below - --- 7.308,000 1st mortgage, gold, 515,000,-1 1893 5 g J-D 15,000,000 June 1 1933000 ($1,000) 'Interest at Manhattan Tr. Co., N. Y., TrusteeThe gold bonds of 1893 are secured not only by mortgage, but also by
deposit of $1,000,000 stock of J. C. & Bergen RR., $161,625 stock ofNewark Plank Road Co., $6,000,000 stock Newark Passenger By. and 599,-100 stock of Jersey City Harrison & Kearney By. Co.ROAD.-Sept. 1 1910 there were in oper. 100 miles of track, including:
N. J. 'Fraction Co Stock owned J. C. Har. & K. RR___Stock ownedNewark Passenger Ry_Stock owned I Newark Plank Road.._..Stock ownedJ. 0. & Bergen RR Stock ownedPassaic & Newark El Stock owned IStock, debts and mileage of the leased and controlled lines:
Miles. Stock. Funded debt.New Jersey Traction Co None $500,000
-Newark Passenger By 83 6,000,000 $6:00-0;000Rapid Transit Street By 12 504,000 500,000Jersey City & Bergen RR 41;4 1,000,000 258,000Jersey City Harrison & Kearney Ry_10 *100,000Newark Plank Road 4 4-5 162,000Passaic & Newark Electric Traction_10 % 1,000,000 550,000Port Richmond & Bergen Point Ferry --- 4,000 shares---* On this $18,000 has been paid In.
(a) Jersey City & Bergen Railroad.ROAD.-Owns from Jersey City to Bergen Point, &c.. total track. 41;4
miles. Controlled by Consolidated Traction Co.. all the stock being de-posited as part security for the Traction Co. 1st mortgage.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $1,000,000 f.p. First mortgage, $1,000,0001 1873 43i J-J 258,000 Jan 1 1923($1,000) csi Int. at Man.Tr.Co..N.Y.,or 1st Nat.Bk.,J.C.Bonds.-The bonds (originally 78) matured Jan. 1 1003, but were ex-
tended as 4 ;is for 20 years from that date.
(b) Newark Passenger Railway.-Electrle.ORGANIZATION.-Incorporated June 16 1890. On July 29 1893
leased to New Jersey Traction for 999 years, and so controlled by the Con-solidated Traction Co. of New Jersey, N. J. Traction Co. having been leasedto Consol. Trac. Co. Jan. 2 1894 for 999 years. Charter said to be perpetual.LEASE AND RENTAL.--Rental under the lease, $105,000 yearly.STOCK AND BONDS- Par. Interest. Outstanding. Maturity.
Stock $100 Text $6,000,000 Own.byC.Tr.Newark Pass By 1st con11.000 5 g J-J 6,000,000 July 1 19301890, 56,000,000. gold_ _es; N. J. Title Guar. & Trust Co., Trustee.The $6,000,000 stock is all deposited as security for the Consolidated
Traction Co. first mortgage.Interest on consol. 5s is payable at First National Bank, Jersey City.
The consols are guar., prin. & int., by Consolidated Traction Co., and InFeb. 1895 the guaranty was stamped on bonds. V. 59, p. 960.ROAD.-Sept. 1 1910 aggregated 83 miles of track.-V. 81, p. 900.
(c) Rapid Transit Street Ry. Co. of the City of Newark.ORGAN1ZATION.-June 1 1893 leased to Newark Passenger By., and
Included with it in lease to New Jersey Traction, and so forms part ofConsolidated Traction system.
Central Trust Co., New York, Trustee.1891 6 g J-D 1,250,000 June 1 1931Knickerbocker Trust Co., N. Y., Trustee.1894 6 A-0 300,000 Oct 1 1914
Paterson Savings Institution, Trustee.. & P. first 45 are reserved for prior liens.
STOCK, BONDS. ETC.- Par. Interest, Outstanding. Last div.,ttcStock, trustees' certificates_ _ _ 11% J-D30 $504,000 See text1st mtge, $500,000, g c*1 -1,000 5 g A-0 500,000 April 1 1921Sub. to call at 110 & int.any Interest at office of Fidelity Trust Co.,time after April 1 1901. Newark, N. J., Trustee.Dividends of 11 % yearly are guaranteed by the Newark Passenger and
New Jersey Traction companies upon the trustees' certificates issued forstock. Miles of track 12.07.(d) Passaic & Newark Electric Traction Co.ORGANIZATION.-Incorporated April 30 1895 and acquired all the
51,000,000 stock of Passaic & Newark Electric By. Consolidated Trac-tion Co. owns all the stock and guarantees the bonds.STOCK AND BONDS.- Date, Interest. Outstanding. Maturity.
Stock $1,000,000 ($100) _1st M 51,000,000 guar p & in) 1897 5 g J-D
$1,000,000
by Consul Trac of NJ 350,000 June 1 1937
ROAD.-Owns 10.78 inliesfoifnttiaactkN. .J.Titie Gu.& Tr., Jersey City, Trus.
(2) South Orange & Maplewood Traction Co.This company was leased on Oct. 1 1903 to North Jersey St. Ry. Co. (now
merged in Public Service Ry. Co.) In perpetuity, the rental being $2,000on the preferred stock for first year and increasing $500 yearly until ninthyear, when $6,000 is paid, which amount is to be paid thereafter. Rental isguaranteed by Public Service Corporation of New Jersey. V. 77. n. 824.ORGANIZATION.-Consolidation in July 1901 of South Orange &
Maplewood Tr. Co. and South Orange & Maplewood St. By. Co. Stock au-thorized. common, $75,000; preferred, $150,000. No bonds.ROAD.-Total, including sidings, 5.4 miles.(3) Bergen Turnpike Co.Leased to Pu hue Service Ry. Co. Jan. 1 1908.ORGANIZATION.-Originally chartered on Oct 27 1802, with $53,990
capital ($10 shares), and owns the turnpike from Hoboken to Hackensack.a distance of 12 miles, over which an electric road was constructed in 1902.Jersey City Hoboken & Paterson (now merged in the Public Service Rwy.Co.) owned a majority of the stock and guaranteed Its $1,000,000 5%bonds, dated 1901, due July 11951; interest J-J: prin. and lot payable atNew Jersey Title Guarantee & Trust Co., Jersey City, Trustee.(4) Orange & Passaic Valley Ry. Co.Leased for 900 years from Nov. 1 1903 to Public Service Corporation for
interest on the trust certificates Issued In exchange for stock. Lease wasassigned to North Jersey Street By. Co. July 23 1907 and now held byPublic Service By. Co.ORGANIZATION.-Incorporated in 1898 as successor of Suburban
Traction Co., sold in foreclosure July 6 1808.BONDS.- Date. Interest. 0 atstanding . Maturity.
1st mtge $1,000,000 f 1898 5 J-D $833,000 Dec 1 19381N.J.Tit Guar. & Tr. Co. of Jersey City, True.
(5) Camden & Suburban Ry. Co.Was leased on May 11904 to Public Service Corporation for 999 years.rental being (in addition to fixed charges) $30,000 the first year (1905).$36,000 the second year, $42,000 the third year, $48,000 the fourth year.
$54,000 the fifth year, $72,000 the sixth year $84,000 the seventh year,$96,000 the eighth year, $108,000 the ninth year and $120,000 the tenthyear and thereafter. V. 78, p. 2383. Lease was assigned to PublicService By. Co. Sept. 24 1907.ORGANIZA'FION.-Formed in 1896 Controls Camden Horse RR.
(which is leased) and West Jersey Traction Co. (stock $60000).STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $3,000,000 ($25) - Q- F See text See text1st mortgage $3,000,000 -gold) 1896 5 J-J $1,690,000 July 1 1946($1,000) 'Int. at N.J.Tr.&SafeDep.Co-Camden,Trus
Car trusts $70,000 f 1004 5 g A-0 28,000 See text1Int.at Camden (N. J.)Safe Dep.& Tr.Co,Trns.
Bonds.- The ear trusts in tatfie above mature $7,000 annually on Aprll 1until and Including 1914; $42,000 have been retired. Of the 1st mtge.bonds. $1,000,000 are reserved to retire stock of Camden Horse RR. and$250,000 to retire bonds of that company.
Stock . -The stock is all outstanding; 20 % paid in.ROAD.-Track, 50.37 miles; Camden Horse RR., leased, 30.11 miles;
West Jersey Traction Co., 3.19 miles: total. 83.67 miles. Connectiontlroumh to Trenton is made over Camden & Trenton. V. 78, p. 1781,2383; V. 88, p. 1126; V. 89, p. 154.(a) Camden Horse RR. Co.ORGANIZATION.-Incorporated March 23 1866. Leased to the Cam-
den & Suburban By. from May 1 1896 for 999 years. Rental, &c., receivedin 1909 $60,000, from which paid 24% on stock.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock ($25) paid in See text. $250,000 See text-1st cons mtge 5500.000 (5500)1 1892 5 M-N 250,000 May 1 1912
IN. J. Tr. & Safe Dep. Co., Camden, Trustee.Interest payable at New Jersey Trust Co., Camden, N. J.Dividends.-1896, 14%; 1897, 16%; 1898, 18%; 1899, 18%; 1900, 20%;
1901, 20%; 1902 and 1903, 22%; 1904, 1905, 1906, 1907, 1908 and 1909,24%.ROAD.-Has 30.11 miles of track.(6) Camden Gloucester & Woodbury Railway CoLeased to Public Service By. Co.ORGANIZATION.-Entire $600,000 stock is owned by South Jersey
Gas, Electric & Traction Co. All bonds have been canceled.ROAD.-Comprises 25 miles of road.(7) People's Elevating Co.ORGANIZATION.-Incorporated in New Jersey May 31 1899. Stock
is all owned by Public Service By. Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
5250,000 Stock, $250,000 ($100) _First mortgage, $250,000,1 1899 5 g A-0 175,000 Oct 1 1939
gold ($1,000) c*JInt. at N.J.TitieGuar.&Tr.Co.,Jer.C., Trus.(8) New Jersey & Hudson River Ry. & Ferry Co.On Oct. 1 1910 Pub. Serv. Corp. acquired practically all of the common
stock. V. 91, p. 95. Road is operated by Pub. Serv. By. No lease.ORGANIZATION.-Incorporated at Trenton, N. J.. on Feb.25 1910 as
a consolidation of New Jersey & Hudson River Ry. & Ferry Co. and HudsonRiver Trac. Co. This company owns the entire capital stock and bonds ofThe Riverside & Fort Lee Ferry Co., owner of the West 130th St. Ferry.These securities are all deposited under the $5,000,000 mtge. Franchisesperpetual except one for 50 years and one for 99 years. Chiefly privateright of way.STOCK AND BONDS- Date. Interest. Outstanding. Dividends.
Stock, common, $5.250,000_ $2,500,000 Stock, pref.. $750.000 6% cum ____ 6 F-A 750.000 N J & H RR & F Co 1st M,1 1900 4 g M-S 3,744,000 Mch. 1 1950$5,000,000 g ($1,000)___c*f Int. at U. S. Mtge.&Tr.Co., N.Y., Trustee.
Bud fly Trac 1st NI, $1,000,-) 1902 5 g M-S 631,000 Mch. 1 1950000 g (MOO) f Int. at U. S. Mtge. & Tr. Co., N.Y., Trustee.Bonds.-N. J. & Hod. River By. & Ferry Co. bonds can be called on any
Int. day at 105 and int. upon six weeks' notice. V. 80. p. 998. Hud.RiverTrac. bonds are subject to call on any int. date at 110.REPORT.-Consolidated companies for cal. year 1909: Gross. $738,353;
net, after taxes, $297,395; other income, $38,241; total net income, $335,-636; interest, $178,146; surplus, $157,490.ROAD.-Owns and operates 31.33 miles of track from Edgewater, N. J.
(terminal of W. 130th St. ferry, N. Y. City), to Englewood, Hackensackand Paterson; also 17.11 miles of track from Hackensack to HasbrouckHeights. Woodridge, Rutherford to Arlington and a branch line from Has-brouck Heights to Lodi. The cars of this company operate to the businesscentres of Newark, Passaic and Paterson under trackage arrangements withPublic Service Railway Co.-V. 82, p. 510, 1323; V. 87, p. 1479; V. 88,p. 53, 375; V. 91, p. 95.
NEW BEDFORD, MASS.DARTMOUTH & WESTPORT STREET RY.-An electric road.It is planned to merge this company Into the Union Street Railway on
Oct. 1 1910 and exchange stock share for share. V. 91, p. 462.ORGANIZATION, &c.-Incorporated 1893 in Massachusetts. Stock
auth., $500,000; issued. $500,000. In May 1910 Mass. State RR. Comm.authorized $237,500 additional stock at $150 per share in part to retire firstmortgage bonds, which were paid;Oct. 1 1910: rer,r'qder tor addittonsiandimprovements. V. 90, p. 1296.
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74 ELECTRIC RAILWAYS Lxxxxi.
DIVIDENDS.-8% has been pald (2 Q-F) for several years up to andincluding Aug. 1 1910.ROAD.-Connects cities of Fall River and New Bedford. Owns 18.88
miles of track and operates In all 30.60 miles of main track. 24 passengeicars. 4 snow-plows. 11 other cars and 170 electric motors.
OFFICERS.-Pres., H. H. Crapo of New Bedford; V.-P., Thos. B.Tripp; Treas.. E. F. Nicholson, New Bedford; Sec.. Robert S. Goff. FailRiver; Supt., E. S. Wilde.-V. 82, p. 691; V. 90, P. 1296; V. 91, p. 154, 462.
NEW BEDFORD & ONSET STREET RY.-A trolley road.
ORGANIZATION.-Incorporated In Massachusetts in 1901. This con),pany is owned in the same interest as the Union St. Rwy. Co. In June 1906Issued $50,000 new stook in exchange for toe $150,000 stock of the Tautonnft Buzzard's Bay Street Thy., which was a reorganization of the MiddleboroWareham & Buzzard's Ray Street Ry V. 32, p. 1438.
STOCK AND BONI)S - Date. Interest. Outstanding. MaturityStock, $550,o00 ($100) $550,000 First mortgage. $500,000,1 1902 5 g J-J 280,000 Jan. 1 1922
gold ($1,000) _ Int. at International Tr. Co., Boston, Trus.J No sinking fund and not subject to call.
MW &BB first mortgagej 1901 4 g A-0 150.000 Oct. 1 1921$150,000 ($1,000) gold_ Interest at Federal Trust Co., Poston, Trus
• Bonds.-The Middleboro Wareham & Buzzard's Bay bonds have no sink.id., but are subject to call through Oct. 1 1911 at 107 M, and thereafterbefore Oct. 1 1921 at 105, both with int. See V. 73, p. 1313. Int. wasformerly 5%, but on consol. with New Bedford & Onset was reduced to 4%.ROAD.-Owns 44.119 miles of track between Fairhaven and Onset and
In Middleboro and to Buzzards Bay and to Monument Beach 29 passengercars, 4 snow-plows, 4 miscellaneous and 104 electric motors.EARNINGS.-For year ending Sept. 30 1909, gross, $121,563; net,
$45,202; interest and taxes, $26,273; surplus, $18,929.OFFICERS.-Pres., H. H. Crapo; V.-P. Thos. II. Tripp: Sec., Clarence
A. Cook; Treas.. H. F. Nicholson; Supt., V.-P.,
P. Dole.-V. 82, D. 1438.
UNION STREET RAILWAY.-A trolley road.
ORGANIZATION.-Incorporated in Massachusetts on March 18 1887./n Sept. 1909 Mass. RR. Comm. sanctioned an issue of $225,000 additionalstock at $140; also $100,000 additional bonds, to pay floating debt andprovide for improvements, &c. V. 88, p. 946; V. 89, p. 780.In Sept. 1910 applied to Mass. RR. Comm. for permission to consolidate
with the Dartmouth & Westport St. Ry. and to Issue $500,000 new stockto be exchanged for stock of latter company. V. 91, p. 465, 519, 718.
STOCK AND BONDS- Date. Interest. Outstanding. Last die. acStock, $1,625,000 (par$100) Q-F $1,125,000 Aug.'10, 2 %Consol mtge for $500,000. g{ 1894 g J-J 500,000 Jan. 2 1914s f, not subject to call_ _ _c* Int. at Old Colony Trust Co., Boston, Trust.
Current liabilities Sept. 30 1909 346,588 Dividends.-In 1896-97, 10%; in 1-897-98. 6%; 1898-99 to 1906-07. In
elusive, 8% per annum; in 1908, 8%; in 1909, Feb., 2%; May, 2%; Aug.,2% Nov., 2%; in 1910, Feb., 2%; May, 2%; Aug.. 2%.ROAD.-Owns 32.205 miles of track, 140 passenger cars, 10 snow-plows,
10 service cars and 199 electric motors.
EARNINGS.-For years ending Sept. 30:1909. 1908. 1909. 1908.
Gross earnings__ $510,371 $470,661 Dividends paid.. $72,000 $72,000Net 209,156 165,774 Surplus for year___ 60,355 20,533Int.. taxes, &o 76,801 73,241OFFICERS.-Pres., H. H. Crapo; V.-P., Thos. B. Tripp; Sec., C. A
Cook: Treas. E. F. Nicholson; Supt., E. S. Wilde, all of New Bedford -V. 70, p. 941, 1050; V. 75, p. 1088; V. 88. p. 946; V. 89, p. 780; V. 91,p. 465, 519, 718.
NEW HAVEN, CONN.CONNECTICUT COMPANY (N. Y. N. H. & H.).This is the company which operates the trolley lines in Connecticut
controlled by the N. Y. N. H. & H. and which formerly were comprised inthe Consolidated Railway Co. The latter company, the whole of whose$10,000,000 stock was owned by the N. Y. N. H. & H. RR. Co.. was onMay 31 1907 (after it had previously taken over the New Eng. Nay. Co.at avaluation of $20,000,000 and Increased its stock to $30,000,000 for thepurpose) consolidated with and merged into the New York New Haven &Hartford RR. The charter of the New Haven Co. was amended byAct of the Connecticut Legislature, approved March 26 1907, so as to permitthe merger, and new stock of the New Haven Co. was issued, share forshare, to represent the $30.000,000 stock of the Consolidated Railway Co.:V. 84, p. 1052, 1308. It was distinctly provided that the rights, powersand franchises of both companies should be vested in the enlarged company.The New York New Haven & Hartford's interests in trolley lines is very
extensive, and control at that time was held through three organizations,the Connecticut lines having been comprised in the Consolidated RailwayCo., now merged in the New Haven, the Massachusetts street railwayproperties being held by the New England Investment & Security Co., andthe Rhode Island lines by the Providence Securities Co. But, owing to theadverse Court decision noted below, the New Haven company severeddirect connection with the Massachusetts trolley lines. In a statementmade to the Massachusetts Legislature in Feb. 1909 (V. 88, p. 506) it wasannounced that the New England Navigation Co. had acquired by purchasethe common shares actually issued of the New England Investment &Security Co. and that the indebtedness of the latter was also held by theNavigation Co. Furthermore, that the latter had sold the shares of theNew England Investment & Security Co. so acquired to individuals for cash.In the New Haven annual report for 1908-09 Pres. Mellen stated that thestocks and indebtedness of the Worcester & Webster Street By. and of theWebster ec Dudley Street Ry. had also been disposed of, "thus closing outthe last financial interest of your company in Massachusetts street railways."In June 1910 a law was enacted in Mass, allowing the N. Y. N. H. & H.
to purchase control of the Berkshire Street By. on certain conditions (V.90, p. 1612), and on July 1 1910 Mass. RR. Comm. auth. the New Haven topurchase from the New Eng. Invest. & Secur. Co. $1,928,800 of the $1,948,-100 stock of the Berkshire St. By. See V. 91, P. 184.In 1910 the N. Y. N. H. & H. transferred all of its gas and electric-light
interests in Connecticut to the Housatonic Power Co., which company in-creased Its stock from $1,000,000 to $3,000,000, to pay for the acquisitions.
Control of Trolley Roads Attacked.-Tne Supreme .1 mil Oat Court on May 81908 decided that the New York New Haven & Hartford RR., In securingcontrol of Massachusetts street railways, was transgressing the law; (seeV. 86, p. 1225, 1285.), and on June 23 1908 Court Issued its decree prohibit-ing New Haven road from exercising any ownership over same directly orIndirectly after July 1 1909. V. 86, p. 1590. On Mar. 2 1909, full benchof Mass. Supreme Court affirmed this decree. V. 88, p. 625. On May 221908 the Federal Government began an action against the New York NewHaven & Hartford, asserting that the acquisition of the trolley lines in thevarious States, as well as the Boston & Maine. was In violation of the Sher-man Anti-Trust Law. V. 86, p. 1285. In June 1909, however, Mr. Wick-ersham, the new United States Attorney-General, announced the abandon-ment of the suit. V. 88, p. 1621.
Operating Company.-The lines comprising the Consolidated Ry. arebeing operated since June 1 1907 by the Connecticut Co. (Incorporated inConnecticut with $250,000 stock, since increased to $275.000), the NewHaven's operating electric company.
ORGANIZATION.-The Consolidated Railway Co. was incorporated inConnecticut on Aug. 31 1901 as the Thompson Tramway Co., but namechanged on Jan. 24 1902 to Worcester & Connecticut Eastern RR. and thenchanged on May 18 1904 to Consolidated Railway Co. In 1907 the latterwas merged in the N. Y. N. H. & H.The following companies have been absorbed or are leased or controlled:
Bennington & Hoosick Valley Ry.V. 84, p. 101.
Bennington & North Adams St. By.V.84. p. 1181.
Berkshire Street By. V. 90, p. 1612.Branford Lighting & Water Co. V.81. p. 155, 210.
Columbian Street Ry. V. 83, p.1290Connecticut Railway & Lighting Co.V. 83, p. 1524.
Danielson & Norwich Street By. V.• 79, p. 268.E. Hartford & Glastonbury St. Ry.
Fair Hav.& Westv RR. V 78,p. 989.Farmington Street By. V. 69, 13•288; V. 89, p. 593, 1542.
Greenwich Tram. Co. V.10, p. 118.Hart.Man.&Rockv.T.Co. V.82,p.280.Hartford & Middletown Street Ry.Hartford Street By.Housatonic Power Co. V. 83. p. 1524.Meriden Electric Ry. V. 79, p. 268.Meriden Horse RR. V.79, p. 268.Meriden Southington & CompounceTramway Co. V. 83. p. 1524.
Middletown Street Ry. V. 79, p.268,
Montville Street By. V. 79, p. 268.New England Investment & SecurityCo. V. 83. p. 492, 1100.
New England Navigation Co. V.84.p. 1052.
New Haven St. Ry. V. 79, p. 989.New Haven & Centreville Street By.V. 78, p. 989.
New Hay. & W. Haven Horse RR.New London Street Ry. V. 79, p.268New Milford Power Co. V. 83,p.1524.N. Y. & Stamford By. V. 80. p. 118.V. 88, io. 625, 1197.
Norwich Street Ry. V. 79. p. 268People's Tramway Co.Providence Securities Co. V. 83,
p. 1525.The N. Y. N. H. & H. RR. offered to exchange $100 of its stock for $200
of certain Issues of the Consol. Ryqs 's debentures. See V. 82, p. 803, andV. 83, p. 1037. $17,347,000 of debentures have been so exchanged for$8,673,500 N. Y. N H. & H. RR. stock. See V. 84, p. 1114. The follow-ing shows the details for each issue of debentures:
Debentures of The Consolidated Railway Company.Exchanged Still Out,
Putnam tte Thompson Street By.Stafford Springs Street Ry.Stamford Street Ry.Suffield Street By. V. 80, p. 1914.Torring. & Win. St. Ry. V.824).1437
V. h5, p. 1463.Trolley Express Co.Village Water Co. V. 80, p. 1914.Wallingford Tramway Co.West Shore Ry. Co. V. 78, p. 989.Willimantic Trite. Co. V.81, p. 1176.Winchester Ave. Ry. V. 78, p. 989Woonsocket St. By. V. 83, p. 1290.Worcester & Connecticut EastemRRV. 79. p. 268.
Total exchangeable ___$37,500,000 $27,500,000 $17,347,000 $10,153.000Feb. 1 1905, 25-yr., 3, 33and 4 g F-A 1,000,000 1,000 ,000 Not exchange'le for stock
Total of all $38,500,000 $27,500,000 $17,347,000 $11,153,000
* Guaranteed. principal and interest, by N. Y. N. H. & H. RR.a These amounts cannot be Increased, as remainder of Issues has been
canceled.The debentures are In coupon form of $1,000 each and fully registered
debentures of $10,000 each, which are non-Interchangeable. Interest maybe collected In New York City and Boston.BONDS- Date. Interest. Outstanding. Maturity
N H & Centerville first mtge l 1893 5 g M-S $283,000 Sept. 1 1933gold, assumed by F H & WINew Haven Street RR.-
First mtge gold, $600.000 t 1893 5 g M-S 600,000 Sept. 1 1913($500 and 31,000) c*I int. at Amer. Tr, Co., Boston, Tr., or N.Y.
Consol. mortgage $250,000 gf 1894 5 J-D 250,000 June 1 1914($1,000) not subj to call-clInt. at American Tr. Co., Boston, Trustee.
Winchester Avenue first mort-1 1892 5 g M-N 500,000 Nov. 1 1912gage gold c*}Interest at Boston Safe Dep. & Tr. Co., Bos-
ton. Trustee, or New York.West Shore By first mortgage' 1894 5 J-J 30,000 July I 1914$30,000, gold, subj to call_lInt. at Merchants' Nat. Bank. New Haven.
Hartford St. Ry, now 1st mtgl 1900 4 g M-S 2,500,000 Sept 1 1930$3,000.000 ($1,000) g___c*}Conn. Tr. & Safe Dep. Co., Hartford, Trus-
J tee. Interest at New York or Boston.Hartford St Ry deben "M"___ 1900 4 J-J 15 165,000 Jan. 1 1930Hartford St Ry deben "N"..„ 1900 4),i J-J 15 145,000 Jan. 1 1930Wore & Conn East 1st M s f fa 1902 4;i g J-J 1,992,000 Jan. 1 1943$3,100,000 ($1,000) ____c*1Interest at New York Trust Co., Trustee.
Hart Man & Rock first mtge) 1894 5 A-0 200,000 Oct. 1 1924$300,000 ($1,000) gold___..1
Meriden Horse RR first mtgl 1891 5 A-0 85,000 Oct. 1 1911$100,000 ($1,000) Interest at First National Bank, Meriden.
Meriden Horse Railroad con- 1894 5 g J-J 415,000 Jan. 1 1924sol. mon.. gold, $500,000_1Interest at Girard Trust Co. of Philadelphia.
(State Treasurer of Connecticut, Trustee.tier South & Comp 1st M g,) 1398 5 g J-J 175,000 July 1 1928$200,000 ($1,000) c*, call- } Optional at 110 and Interest.able at 110 since 1903 Interest at Trust Co. of America. New York.
Ben & H V first mtge $250,- 1897 5 J-J 4,666 Jan. 1 1928000 g ($500 & $1.000)____c Int. at International Trust Co., Boston, Trus.
New London Street Ry first 1893 5 g A-0 150,000 Oct.2 1923mtge, $150,000, gold Interest at American Trust Co., Boston.
Torr & Win first mortgage, 1897 5 g J-D 150,000 Dec. 1 1917$150,000, gold c* Int. at Huriburt Nat. Bank, Winsted, Conn.
Norwich Street By first mtge 1893 5 g A-0 350,000 Oct. 2 1923$350,000 ($1,000), gold_ _ _ Interest at American Trust Co.. Boston.
Montville Street By first mtge) 1900 5 g M-N 250,000 May 1 1920$350,000 ($1,000), gold Interest at American Trust Co.. Boston.(cannot be called) c.
N Y.& Stam first mtge. $450,-t 1901 5 g A-0 450,000 Oct. 1 1931 .• 000 ($1,000) gold ,c*l Int. at New York Trust Co., N. Y., TrusteeN. Y. & Stamford 2nd mtge.$2,000,000 5 274,000
Greenwich Tramway first) 1901 5 g J-J 320,000 July 1 1931gage, $400,000 ($1,000) , }Interest at New York Trust Co., New York.gold c*1 State Treasurer of Connecticut, Trustee,
Midd. Horse RR 1st g ($500) __ 1894 5 J-D 150,000 Dec. 1 1914Portland St Ry first mortgage.. 1896 5 M-N 30,000 Nov. 1 1916Branford Electric Co first M_ _ 1897 5 g A-0 63,000 Oct. 1 1937Nranford Ltg & W lstcon M._ 1901 5 g F-A 307,000 Aug. I 1951New Milford Power Co 1st M_ 5 F-A 1,000,000 Aug. 1 1932Staff ,rd Springs St By 1st M g ---- 5 J4 4)0,000 July 1 1056Farmington St By debentures 1904 5 J-J 30,000 July 1 1924Berkshire St By 1st M $800,4 1902 5 g J-D 800,000 June 1 1922000 gold ($1,000) esiGirard Trust Co., Philadelphia, Trustee.
Berkshire Street Ry deb 1905 5 g M-S 200,000 Mch 1 1925Hoosac Valley 1st mtge J 1897 5 J-J 100,000 July 1 1917
lint. at New Eng. Tr. Co., Boston, Trustee.Hoosac Valley ref mtge $400,- 1904 4 g M-S 309.000 Sept 1 1924000 gold ($1,000) 5 Int. at Berkshire U. & Tr. Co., Pittsf., Trus.
Pittsf Elec St fly 1st mtge.l 1904 4 g J-J 300,000 July 1 1923gold, $300,000 ($1,000) _c• Int. at Berkshire L. & Tr.Co.,PIttsfield,Mass.
Bonds.-The Consolidated By. debentures are not subject to call. Allthe debentures have printed on their face the statement that if a mortgageis made on any or all of the company's property which was owned on Jan. 11905, except to renew existing mortgages, the debentures shall participatein the security of such mortgage. The debentures due in 1930 bear 3%interest from Feb. 1 1905 for first 5 years, 3M % for next 5 years, and 4 % forfollowing 15 years, and were issued to pay for acquiring the Berkshire StreetRy. (V. 80. p. 471) ,which company was subsequently acquired by the NewEngland Investment & Security Co. which see below. The $3,500 000 de-bentures due April 1 1955 were Issued to acquire the Hartford Street By.The $10,000,000 debentures of Jan. 1006 were issued to the N. Y. N. H. &Hartford for advances.The Winchester Avenue bonds are joint obligations of the Winchester
Avenue RR. Co. and the New Haven & West Haven and cover all propertyowned or to be hereafter acquired under the cnarters. Of the Worcester& Connecticut Eastern bonds, no more will he Issued. A sinking fund onthese bonds commenced In 1908 of not to exceed 1% of bonds outstanding.Bonds can not be called, hut may be bought on a 354 % basis or better. andkept alive for sinking fund. See V. 75. p. 1204. Of the Montville StreetRy. 1st mtge. gold bonds, the balance unissued can only he issued for 68% ofactual certified cost of improvements or additions to property. Originalmortgage of the Montville Street Ry. provided that bonds might be calledIn 1905 at 105, but through a supplemental mortgage this redemption clausewas eliminated, so bonds are not now subject to call. Berkshire Street By.bonds of 1902 are not sub. to call. Int. Is payable and bonds may be regis-tered at office of N. W. Harris & Co., Boston. The Berkshire St. Ity. deb.are guaranteed by Consolidated By. CoEARNINGS.-Of Connecticut Co. (which operates the lines formerly
operated by the Consolidated Ry. Co.) for year ending June 30 1909: gross.$7,988,832; net, $3,683,228; taxes, &c., $38,913; net Income, $3,644,315.ROAD.-Connecticut Co. operates lines serving the following cities and
towns: Cities of New Haven, Hartford, Bridgeport, Waterbury, NewBritain, Meriden, New London, Norwich, Middletown. Stamford. SouthNorwalk, Rockville, Derby, Ansonia. and the towns of East Haven, Bran-ford, North Haven, Wallingford, Hamden, Orange. Southington, Plain-ville, Putnam. Thompson, Killingly, Plainfield, Waterford, Montville,Norwich. Lisbon, Sprague, Portland, Wethersfield, West Hartford. Farm-ington. Bloomfield, Windsor, East Hartford, South Windsor, Manchester.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT., 191o.1 ELECTRIC RAILWAYS 75
Enfield, Glastonbury, Suffield, Greenwich, Stratford, Milford, Huntington.Fairfield, Westport, Norwalk, Darien, Naugatuck, Torrington. Winchester.Beacon Fails, Seymour, Cheshire, Newington and Berlin, Connecticut;the towns of Rye, Port Chester, Harrison, Mamaroneck and New Rochelle.New York; and in Pittsfield, Cheshire, Great Barrington, North Adamsand Adams in Massachusetts. Operates 875 miles In all, single track.Cars operated June 30 1909, 1,808. Standard gauge.OFFICERS.-Pres., C. S. Mellen; V.-Ps., Calvert Townley, H. M.
Kochersperger, E. H. McHenry; Sec., J. G. Parker; Treas.. A. S. May;Asst. Treas., T. F. Paradise; Aud., C. L. Campbell; Gen. Mgr., J. K.Punderford, all of New Haven.-V. 84, p. 102, 507, 995, 1052, 1113, 1242,1367. 1425; V. 86. D. 1285. 1467.
(1) Connecticut Railway & Lighting Co.Lease.-Leased for 999 years from Aug. 1 1906 to the Consolidated By.
Co., which latter has since been merged in the N. Y. N. H. & II. 11,R. Co.Rental amounted to $975,000 for the year 1906-07 and increases graduallyto $1,400,000 for the year 1914-15 and for every year thereafter. Thecommon shareholders agreed to pay the Colonial Trust Co., trustee, $10 pershare on their stock, which, with the surplus rental received under the lease,serves to provide a fund which, It Is announced, is sufficient to pay 4% perannum on both corn, and pref. shares. All the stock has assented to thisarrangement. Preferred shareholders agreed to accept 4% dividends dur-ing the term of the lease, instead of 5%. V. 84, P. 507. Pref. stock wasissued in satisfaction of unpaid accumulations of divlednds on pref. sharesto Aug. 1 1906. Dividends since on pref. stock have been 1% each quarter.ORGANIZATION .-United Gas Improvement Co. of Philadelphia holds
controlling interest. Originally chartered in Connecticut July 2 1895 asthe Gas Supply Co. Charter amended and name changed March 2 1899 toConnecticut Lighting & Power Co., for the purpose of uniting various streetrailway and light and power properties in Connecticut. Name changed asat present on Jan. 10 1901. V.71, p. 1269; V.72, p. 44. It is a consolida-tion of the following companies, whose franchises are said to be perpetual:Bridgeport Traction Co. Norwalk & So. Norwalk El. Light CoCentral By. es El. Co. of New Brit. Norwalk Street Railway Co.Derby Street Railway Co. Norwalk Tramway Co.Greenwich Gas & Electric Ltg. Co. Shelton Street Railway Co.Milford Street Railway Co. Southingt'n & Plantsville TramwayNaugatuck Electric Light Co. Thomaston & Watertown Elec. Ry.CoNorwalk Gas Light Co Waterbury Traction Co.
Westport & Saugatuck Street Ry.CoIn 1904 purchased the Roton Point Improvement Co. and the Cheshire
Street Fly. See V.79, p. 2696. Neither of these companies had any bondsoutstanding. Has also acquired the Naugatuck Valley Electric By.
STOCK AND BONDS.- Date. Interest. Outstanding. MaturityCommon stock ($100) $8,977.200 Sec textPref 5% cum after Jan 1 19041($100) (reduced to 4% un- Q-F 15 8,142,900 Aug.15,'10,1 %der lease to New Hay. Co.))
1st & ref $15,000,000 gold 1901 4% g J-J 12,491,000 Jan 1 1951($1,000) sinking fund_ __c*JInt. at Trust Co. of Amer.. N. Y. Trustee.
Bridgeport Traction mort- f 1893 5 g J-J 706,000 July 1 1923gagel$2,000,000 g($1,000)c*j Trustee. Fidelity Tr. Co., Newark, N. J.
(Interest at Redmond & Co., New York.Derby Street Railway mort-1 1894 6 A-0 59,700 April 1 1914gage $150.000 J Redeemable after April 2 1904.
Connecticut Lighting & Power 1899 5 J-J 209.000 Jan 1 1939Bonds.-$974.700 of bonds are reserved to retire the prior bonds still out.
The remaining $1,534,300 was reserved for extensions or betterments, butunder lease to the New Haven road cannot be issued for ally purpose withoutconsent of lessee. V. 84, p. 507. Statement to New York Stock Exchangein V 73. p. 852: also V. 79. p. 2745; also V. 85, p. 921.Bonds were formerly not subject to call, but on June 23 1004 a supple-
mental mortgage was made giving the right to call bonds on any Interestdate at 105 and interest, and establishing a striking fund of % of 1 % per an-num on bonds outstanding; bonds acquired by the sinking fund are to bekept alive and bear interest. Bondholders assenting to the supplementalmortgage had their interest guaranteed by the United Gas ImprovementCo. by endorsement. See V. 79, p. 626, for form of guaranty. Offer ex-pired Oct. 1 1904 and was accepted by 510,782,000 of outstanding bonds.See V. 83, p. 969.ROAD.-Owns 161.333 miles main, 59.258 miles second and 6.983 miles
side tracks; total, 227.574 miles, reaching Milford, Bridgeport, Stratford,Southport, Shelton, Derby, Ansonia. Seymour, Westport, SaugatuckNorwalk. South Norwalk, New 13ritain. Darien and Stamford; also lines inNaugatuck, Waterbury, &c. System connects with the Fair Haven esWestville RR. into New Haven from Bridgeport and Derby, and companyalso has a traffic contract with the Hartford Street By. for reaching Hart-ford. Gauge, 4 feet 83 inches. 56 to 90-lb. rails.EQUIPMENT.-Total cars, 474; closed passenger, 199; open passenger.
201; miscellaneous, 74. Car barns, 20; also 4 complete electric light plants;also owns gas plant at Norwalk and operates gas plant at Waterbury.REPORT.-For year ending June 30 1910: Rental, $1,164,166; accum.
rental, $8.318; div. fund, &c., $189,109; gross income, $1,361,593; interest,$611,427; expenses, $2,911; net income, $747,259; sinking fund. $62,455;(this., $684,804; surplus, none.OFFICERS.-Pres.,A. M. Young; V.-Ps., Randal Morgan and R. A. C.
Smith; Sec. W. F. Douthirt; Treas., Lewis Lillie. Main office, NewHaven, Conn.-V. 84, p. 390, 507, 1113, 1366; V. 85, p. 921; V. 86, p. 228.
NEW ENGLAND INVESTMENT & SECURITY CO.ORGANIZATION.-Is a voluntary association and was organized on
June 25 1906 to take over the street railway properties in Massachusettsformerly controlled by The Consolidated Railway Co. V. 83, p. 492.New haven Road Divests Itself of Control.-In Feb. 1909 the N. Y. N. H.
& H. announced to the Massachusetts Legislature (V. 88, p. 506) that ithad disposed of all of its interest in the common shares of the N. E. Inv.& Sec. Co. for cash to individuals and that it no longer had any interest inthe same, direct or indirect-see remarks concerning the matter underConsolidated Ry. on a preceding page and V. 88, p. 945. In July 1909Pres. Mellen of the N. Y. N. H. & II. wrote C. E. Mann, Clerk of Mass.RR. Comm., "this company is no longer directly or indirectly concernedin the control of any street railways in Massachusetts," thus complyingwith the Court decree that it must divest itself of all its holdings in streetrailways in Massachusetts by July 1 1909. See V. 89, p. 163.On July 1 1910 Mass. RR. Comm. auth. tile N. Y. N. II. & It. to pur-
chase the control of the Berskhire Street Fly., a law having been enacted InMass. In June 1910 permitting such a transaction on certain conditions.(V. 00, p. 1612.) V. 91, p. 157.SECURITIES OWNED.-The following is a list of stocks held by the
New England Inv. & Security Co. (see V. 83, P. 1100).Worcester es Southbridge Street By -Entire ($890,000) capital stock.Worcester & Blackstone Valley St. Ry.-Entire ($320,000) capital stock.Milford Attleboro & Woonsocket St. 1ly.-5315,000 capital stock.Worcester Rys. & Investment Co.-68,470 shares of stock out of a total
of 76,6 )1 shares.Springfield Railway Cos.-50,000 shares (entire issue) of common stock.Springfield By. Cos.-5570,350 out of a total of $3,387,950 pref. stock.
(Springfield Ry. Cos. owns 24,753 out of a total of 28,081 shares of Spring-field Street By.)
Springfield Street Ry.-5306,600 capital stock.Springfield & Eastern St. By. Co.-5881,100 out of a total of $900,000.Central Massachusetts Elec. Co.-All of the $150,000 stock issue.STOCK AND BONDS- Date. Interest. Outstanding. Stock Div.
Common, $10,000,000 _ $100,000 Pref., 4 %. $10 .000.000 ($100)See text. --_ 4 J-J 4,000,000 July'10,2 %Stock.-DIvIdends of 4 % per annum on the pref. stock are cumulative
and are guaranteed by the Consolidated By. Co. (now merged in the NewYork New Haven & Hartford RFt.). and alao $105 per share In case ofliquidation. V. 83, p. 492. See form of guaranty in V. 83, 1102. Thisstock may be called as an entirety at any time at 105 and accumulateddividends. Supreme Court of Errors in Connecticut sustained validity ofguar. V. 88, p. 1002. Suit also begun in Mass. V. 87, p. 167.
Officers.-Pres., L. S. Storrs; Sec. it Compt.. J. T. Harmer, Massachu-setts Mutual Bldg., Springfield, Mass.; Treas., Leverett Candee.-V 87,p. 167, 1664; V. 88, p. 52, 506, 624, 945, 1002; V. 89, p. 1483; V. 90, p.503;V. 91, p. 157.(1) Springfield Railway Cos.-A holding company.ORGANIZATION.-Formed in March 1905 to hold a majority of the
stock of the Springfield Street fly. Is managed by a board of trusteesconsisting of seven members. V. 80, p. 1363. Also owns all the stock ofthe Western Massachusetts Street Ry.-$550,000.
STOCK AND BONDS- Date. Interest. Outstanding. Last Div.Common P- -- --
All owned by New Eng. Inv & Sec. Co.ref. 4%, cum.. guar. ($100) 4 J-J $3,387,95tt July '10, 2 %Stock.-The pref. stock is redeemable at 105 and accr. divs. These divs.
are guar. by the N. Y. N. H. & H. RR. Co., successor to Consol. By., as wellas their payment at 105 in case of liquidation or call. See V.80,p.1363, 1914.(a) Springfield Street Ry.-A trolley roadORGANIZATION.-Incorporated March 5 1868. In Oct. 1905 leased
the Springfield es Eastern Street By. for 25 years at 4% on the stock.V. 81, p. 1175, 1316. Massachusetts Railroad Commissioners In March1907 approved the issue of $300,000 additional stock at 170. In May 1908application was made to issue a further amount of $500,000 capital stock,to provide for floating debt and additions to plant. V.86, p. 1101. Up toSept 1910 request had not been granted. Purchase of Western Massa-chussets Street By. and issue of $550,000 additional stock for that purposeapproved by Massachusetts Railroad Commission Dec. 1909. V. 89,p.1484.In July 1910 petitioned Mass. RR. Comm. for permission to purchase theSpringfield & Eastern St. fly. and exchange stock, share for share. V. 91p. 277. Up to Sept. 1910 petition had not been granted.STOCK AND BONDS- Date. Interest. Outstanding Maturity
West Mass Street first mtge 1900 5 g F-A 200,000 Feb 1 1926$1,000,000 gold ($1,000)_ _Int. at Springfield S. D. & Tr. Co., Trustee.
i
Woronoco Street By first 1900 5 g J-J 75,000 Jan 1 1920mortgage gold ($1,000)___ Springfield Safe Dep. & Trust Co.. Trustee.
Current liabilities Sept. 30 1909 707,683 Bonds.-West. Mass. St. Ry.bonds are subject to call as a whole,but n
in part, on or after Jan. 1 1916 at 108 and interest on 6 months' notice.DIVIDENDS.-In years 1893 to 1909 inclusive 8% per annum.ROAD.-Owns 120.07 miles (including 26.42 miles of second track) of
main track and 6.94 miles of sidings. Total, 127.01. This does not includethe mileage of the Springfield & Eastern.EARNINGS.-For years ending Sept. 30 earnings (including earnings of
p. 1101; V. 89. p. 1484; V. 91, p. 277.(b) Springfield & Eastern Street Ry.-Trolley.ORGANIZATION.-In Oct. 1905 was leased to the Springfield St. By
for 25 years at 4% on stock. V. 81, p. 1175, 1316. Company was formerlythe Palmer & Monson St. By., but in May 1901 name changed as above.STOCK & BONDS- Date. Interest. Outstanding. Maturity.
$900,000 See text.Stock, $900,000 ($100)- - -1st mortgage, $500,000,1 1902 5 g J-J 330,000 Jan. 1 1922
gold ($1,000) e*f Int. at Hampden Tr. Co., Springfield. Trus.Current liabilities Sept. 30 1909 _ _ 182.430 Bonds.-Remalnder unissued is reserved for 50 p. c. of the cost of im-
provements and extensions. Are subject to call after Jan. 1 1907 at 110;after Jan. 1 1912 at 107% , and after Jan. 1 1917 at 105.ROAD.-Fifteen miles from Monson through Palmer to Ware and 5
miles from Palmer to BondsvIlle and Three Rivers: also an extension of 9%miles from Palmer to Ludlow; an extension from Monson to Fiskdale, about12 miles, was completed in 1907; total, 41.69 miles (including 1.17 miles ofsecond track) main track and 2.21 miles of sidings.-V. 81, p. 1175, 13161494; V. 85, p. 42, 223, 655; V. 91, p. 277.(2) Central Massachusetts Electric Co.ORGANIZATION.-In 1907 the New England Investment Co. acquired
a maiority of the stock.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
SFtiorsctkmortgage, $150,000 gold 1894 6 g F-A
$150,000 June3010,8 %
($1,000 and $500) 150,000 Feb 1 1924
c Int. at International Tr. Co., Boston, Trust.Coupon notes, 560,000(51,000 1004 5 g M-N 60,000 May 1 1924and $500) gold c( Interest at Essex Trust Co., Lynn, Trustee.Bonds.-FIrst Mortgage bonds have a sinking fund of $2,500 annually.
commencing Feb. 1 1904. Cannot be called. The coupon notes can becalled on any int. day at 103. Sk. fd. of $2,000 to $3,000 ann. began 1909.
Dividends -Initial div.-6%-paid Aug. 17 1908; 1909, 8%; 1910, 8%.(3) Worcester & Blackstone Valley Street Ry.-A trolley road.ORGANIZATION.-Opened Aug. 14 1897. In Dec. 1909 Mass. RR.
Comm. granted permission to take over the Uxbridge it Blackstone St. By.and to issue $120,000 additional stock to exchange for stock of that com-pany. V. 89, p. 1484.STOCK AND BONDS- Date. Interest. Outstanding. Maturity,
Stock 5320.000 ($100) _ $320,000 June '10 8%First mortgage, $200,000, 1906 434 g F-A 200,000 Aug 1 1926
gold ($1,000) c Interest at office of company.Uxbridge it Blackstone first 1903 5 F-A 80,000 Feb 2 1923mtge $80,000 (51.0001_ _ _c Int. at Mercantile Tr. Co., Boston, Trustee.
Current liabilities Sept 30 1909 50,112 DIVIDENDS.-In July 1899,4%; 1900, July, 4%. In 1908. Aug., 7%.
In 1909, July, 8%. In 1910, June, 8%.ROAD.-Operates 24.57 miles of track in and between Worcester. Mill-
bury, Sutton, Grafton, Northbridge, Whitinsville, Uxbridge and Millville.EARNINGS.-For year ending Sept. 30 1909 (including Uxb. & Black-
stone Street Ry.). gross, $171,811; net, $56,622; charges, $27,242; city.(W. it B. V., 8%; U. it B., 7%); $24,400; surplus, 54,980.-V. 89, p. 1484.
(4) Worcester & Southbridge Street Ry.-A trolley road.Is a consolidation of the Worcester it Southbridge St. Ry.. the Worcester
Rockdale it Chariton Depot St. By. and the Southbridge it Sturbridge StBy. V. 77. p. 512, 770, 1228. On May 16 1910 acquired the Hartford itWorcester St. By. V. 90, p. 1297.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $890,000 ($100) $890 .000J 'ne30'10 ,6%Wor it South 1st mtge (Seel 1902 434 g M-S 500,000 Sept 1 1922
text) gold ($1,000) csjInt. at Internat. Turst Co., Boston, Trustee.Wor & South mtge (See text)__ 1905 434 g J-D 200,000 June 1 1925Current liabilities Sept.301909 24,905 Bonds.-The two issues of bonds o the Worcester it Southbridge St. By,
are secured by the same mortgage, the mortgage providing that bonds canbe issued up to $1,000,000. and are to bear date of issue and be payable20 years after date.ROAD.-Operates about 50.63 miles of road, not including the Worcester
it Webster or the Webster it Dudley; 70-lb T rail.EARNINGS.-For year ending Sept. 30 1909: Gross. $273,086: net.
$113,546; charges, 560,082; div., $48,750; surp., $3,814. V. 90, p. 1297.(a) Webster it Dudley.Is leased to th3 Worcester it Southbridge St. By. Owing to a court de-
cision in 1908 that the N. Y. N. H. it H. could not legally hold any interestin Mass. trolley roads, the New Haven road disposed of its holdings of secu-rities in Webster it Dudley. V. 86, p. 1225, 1285; V. 89, p. 163.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $50,000 Mortgage 1899 5 M-N 30,000 Nov 1 1919Road.-Owns 5.688 miles of track.
(a) NVorcester it Webster.Is leased to the Webster it Dudley and operated by the Worcester it
Southbridge St. fly. In 1908, owing to a legal decision, the N. Y. N. H. itH. disposed of its holdings in this road. V. 86, p. 1225, 1285; V.89,p.163.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
$150,000 $150,000 (51,000) 1899 5 g J-D
SFtiorsetknage150,000 Dec 1 1919
Bonds.-Cannot ce Int. at International Tr. Co., Boston, trustee.
be called before maturity. $3,000 is payable annually
21 miles of track;into 0 aa ds. -I n koi nwgp sf fund.
(5) Worcester Railways it Investment Co.This is a voluntary association formed in 1901 and owns the entire capital
stock (except only enough shares to qualify directors) of the WorcesterConsolidated Street By. Co. and of certain other Massachusetts corporationswhich are engaged in enterprises closely identified with that of street railwaytransportation.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT., 1910.1
The holdings comprise 35,491 shares Worcester Consolidated St. BYstock; 6,500 shares Electric Manufacturing Co.; 2,000 shares of Quinsigamond Park Co.; 28 shares of Worcester & Shrewsbury RR.; 1,600 sharesof Marlboro & Westboro Street By. and $84,600 demand notes of that corn.
pally. and $14,7,10 (par value) of notes of Leominster & Clinton Street ItyAlso owns $330,000 1st mtge. 5% bonds of Electric Mfg. Co. and a majority
of shares of Worcester & Holden St. Ry. Co.
STOCK.-Outstanding, 76,691 shares of beneficial interest, of which
68,470 shares have been acquired by the New England Investment &
Security Co. Deed of trust provides that all shares shall be non-assess-
able, that there shall be no personal liability of the shareholders, thatno pledge or mortgage of the securities held shall be made without the
consent of two-thirds of the shares, and that no additional shares shall be
Issued without a two-thirds vote. Shares are said to be exempt from taxa
tion in Massachusetts.DIVIDENDS.-Dividends of $2 25 per share were paid in Feb. and Aug.
1902; In 1903, Feb., $2 25; Aug., $2 25. In 1904, Feb., $2 25; Aug., $2 25In 1905, Feb. $2 (see V. 80, p. 224); Aug., $2; Nov., $1 (V. 81, p. 1243)In 1906. May, $2; Nov., $2. In 1907, May, $2; Nov., $2. In 1908
May, 14%; Nov., 1 M %. In 1909, May, 1.%; Nov.. 2%. In 1910,May, 2%.EARNINGS.-For calendar year 1909, gross income, $283,160; ex-
penses, $1,850; dividends, $268,418; surplus. $12,892.-V. 82, p. 102, 336,630, 871; V. 83, p. 1100; V. 84, P. 627-
(a) Worcester Consolidated Street Ry,-Trolley.This company, which was incorporated in 1869, absorbed by consolida-
tion March 1 1901 the Leominster & Clinton, the Fitchburg & Suburban
Street By., the Clinton & Hudson Street Ry., the Worcester & Clinton St.
By., the Worcester & Marlboro and the Worcester & Suburban. Franchises
perpetual. In 1895 leased for 99 years the North End St. By., of 5.13 mile,at a yearly rental of $8,000. The North End has $110,000 ($100) capitalstock and $75,000 5% 1st mtge. bonds, due Feb. 11915; interest F. & A.Also leases for 99 years from July 1 1896 both the Worcester & ShrewsburySt. Ity. Co. and the Worcester & Shrewsbury RR. Co.
All tne stock of the Worcester Consolidated St. By. has been acquiredby the Worcester Rys. & Inv. Co.In Aug. 1909 permission was granted to issue $922,000 bonds to retire
floating debt and $2,260,000 bonds to retire funded debt. V. 86, p. 1346:V. 89, p. 412. Up to Sept 1 1910 these had not been issued.
STOCK AND BONDS- Date. Interest. Outstanding. MaturityStock $3,550,000 ($100) - $3,550,000 In '08.5% %Wore. Consol. St 1st & ref MI 1910 4 M g F-A None. Aug 1 1930$5,000,000 gold ($1,000) 0101d Colony Trust Co., Boston, trustee.
Worcester Consolidated deb), 1907 5 M-N 1,200,000 Nov 1 1927$1,364,000 ($1,000) IInterest at agency of company.
Wore Con deb gold $840.000_ 11)00 4 A g M-S 700,000 Mch 1 1920Real estate mortgages ------- ____ 5 49,599 On demandWorcester & Marlborough 1897 5 g A-0 200,000 Oct 1 1917
first mortgage $200,000 g. American Trust Co., Boston, Trustee.Leominster & Clinton St Ry 1897 6 A-0 45,000 April 1 1912
Worcester & Clinton first), 1899 5 g J-J 115,000 Jan 1 1919mortgage gold ($1,000) American Trust Co.. Boston, Trustee.
15-year coupon notes
Floating debt Sept. 30 1909 1,315,500 Bonds.-lst dc ref. bonds are sub, to call on any int, day at 110 & int.
Int. Is payable at company's office or at Its agency in Boston.
ROAD.-Operates about 164.29 miles of track, comprising practically theentire street railway mileage of Worcester, together with lines to Fitch-burg, Leominster, Lancaster, Hudson, Boylston, Berlin, Clinton, West-boro, Marlborough. Northborough, Shrewsbury, Grafton, Millbury, Leices-ter and Spencer.EARNINGS.-For year ending Sept. 30 1909: Gross, $1,702,657: net,
$637,495; charges, $394,157; dividends, $213,000; surplus, 830,338.-V. asp. 922, 1340, 1520, 1617; V. 86, p. 1346; V. 88, p. 626; V. 89, p. 412; V. 91.P. 398.(b) Marlboro & NVestborough Street Ry.-Trolley, controlled by
Worcester ltys. & Investment Co.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock
81166L.01)2 July 1 19211st mtge $160,000 gold ($1,-) 1901 5 g J-J000) red 105 c• lint. at Amer. Trust Co. ilr,aton, Trustee
896; charges, *15,744; surplus, $7,152.ROAD-Consists of about 14 miles of track.
lc) Worcester & Holden Street R y.-Trolley./n Jan. 1908 control was purchased by Worcester Rys. & Invest. Co.:, COOK AND BONDS- Date, Interest. Outsta rut? no . Maturity.
1st mtge. 8150.000 g (81.000) 1903 5 A-0red. at 105 (V.89.p.995)__c Int. at Worcester Tr. Co., Worcester, trustee.
071; charges, $13,539; surplus, $5,532.ROAD.-Consists of about 8.43 miles of track, connecting Worcester
with the town of Holden and with Jefferson.-V. 89, p. 995.-
ELECTRIC RAILWAYS 77
PROVIDENCE SECURITIES COMPANY.ORGANIZAT1ON.-Chartered In Connecticut March 14 1883 under the
name of the New England Loan & Trust Co. Name changed to the Provi-dence Securities Co. Jan. 11 1907. On Aug. 27 1007 the Rhode IslandSecurities Co., all of whose assets had been purchased by this co., was dis-solved. V. 85. p. 349, 1344. These assets included all the stock of theRhode Island Co. Entire stock of Providence Securities Co. Is owned by theN. Y. N. H. & H. RR., which guarantees the debentures, prin. and int.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $250,000 ($100) $50,000 Deb g gu ($1,000) $19,910,- 1 1007 4 g M-N 19,81)9,000 May 11957000; can be called c*f Interest in New York and New Haven.Bonds.-The debentures are listed on the New York Stock Exchange.
V. 84, p. 1114. They arc guar., prin. and int., by the N. Y. N. H. & H.RR. and bonds bear the following endorsement: "In case of any default Inthe punctual payment of the principal or of the interest of the within deben-ture, according to Its tenor and effect, the New York New Haven & HartfordRR. Co., for value received, agrees to pay the same on demand." Theyare subject to call on or after May 1 1917 at 105 and interest.
OFFICERS.-Pres., C. S. Mellen; Sec., John G. Parker; Treas., Augus-tus S. May; Asst. Treas., Thos. F. Paradise. Transfer office, Room 3,Grand Central Station (42d Street side), N. Y. City.-V. 85, p. 347.1344.
(a) Rhode Island Co.ORGANIZATION.-Created in 1902 by Special Act of the Rhode Island
Legislature. Leases the Union Railroad Co., the Pawtucket Street RailwayCo. and the Rhode Island Suburban Railway Co-see terms under UnitedTraction & Electric. below. The Rhode Island Co. has no bonds. InJune 1907 purchased the Providence & Burrillville Street By., tile Colum-bian Street By. and the Woonsocket Street Ry. companies. V. 84, p. 1368.The Prov. & Bur. St. By. had $254,000 1st mtge. bonds out, but thesewere in July 1910 taken up. V. 90, p. 1677.From a statement made by the N Y. N. H. & H. RR. to the Massachusetts
Legislature in Feb. 1909 it appears that the Rhode Island Co. also hasan Interest "In the earnings and indebtedness of the Inter-State Consoli-dated Street Ry." V. 88, p. 506. Statement of this latter company willbe found under North Attleborough. The Providence Securities Co. ownsall the stock of the Rhode Island Co.STOCK ANI) BONDS.- Date. Interest. Outstanding. Maturity
Stock, par $100 88,510,400 1908-09,5%ROAD.-The Rhode Island Co. operates 288 66 miles of road. It
serves the cities of Providence, Pawtucket and Central Fails, and the townsof Cranston, Warwick, North Providence, East Providence, Johnston,Cumberland, Lincoln, Barrington, Coventry, Scituate, Warren, Bristoland East Greenwich. Its equipment consists of 823 passenger cars, 45freight cars and 61 miscellaneous cars: total, 932.EARNINGS.-For year ending June 30 1909, gross, $4,160,785; net,
51.846,831; income from other sources, $32,173; taxes, rentals, &c.. $1.-409,797; sur., $469,207. V. 87, p. 873, 1012; V. 89, p. 43; V. 90, P. 699, 1677.
(b) United Traction & Electric.ORGANIZATION.-United Traction & Electric Company, chartered in
New Jersey, owns the Union Railroad Co. of Providence, the Pawtucket
Street By. Co. and the Rhode Island Suburban Ry. Co., and thus controlsthe entire street railway system of the cities of Providence, Pawtucket andCentral Falls, and of the counties of Kent, Washington, Bristol and Provi-dence.The Union RR. Co. the Pawtucket St. Ry. Co. and the Rhode Island
Suburban By. Co. have been leased for 999 years from July 1 1902 to theRhode Island Co. for an amount of rental permitting the United Trac. &Electric, the owner of the shares of the three leasing companies, to pay itsyearly fixed charges and dividends of 5 % on its stock.Exchange of Stock.-The Union Trust Co. of Providence has exchanged a
block of 6,000 shares of United 'Frac. & Elec. for N. Y. N. H. & H. stockon the basis of 5 shares of New Haven for 8 shares of Traction stock. It issupposed the privilege of exchange would be granted to any stockholderdesiring it. V. 89, p. 105.STOCK AND BONDS.- Date, Interest. Outst'cl'g. Div.,Mat.,&c.
Stock 5 Q-J $8,000,0000ct.'10 13%United Tr & El Co, Prov &I 1893 5 g M-S 8,894,000 Mch 1 1933Paw issue, 1st (coil) mtge }Interest at Central Trust Co., N. Y., Trustee.($1,000) gold Dividends.-Company started paying dividends with 1% in 1897. In
18983", was paid; in 1899, 3 %%; in 1900, 4%; in 1901. 4%; in 1902. 4i%;1903 to 1909, incl., 5% per annum; in 1910, Jan., 1 %; Apr., 131%; July,1H%; Oct., 1 j.Vr .SECURITIES PLEDGED,-The bonds are secured by the pledge of the
following securities deposited with the Central Trust Company of NewYork, as trustee of the bondholders: All of the $9,000,000 capital stock ofthe Union RR. of Providence, all of the $500,000 capital stock of the Paw-tucket Street By. (no bonds) and all of the $3,000,000 first mortgage bonesof the Union RR. of Providence, and, through the ownership of the UnionRailroad Co., $299,800 of the $300 000 capital stock, being all but twoshares, of the Providence Cable Tramway Co. (no bonds). The ProvidenceCable Tramway Co. Is leased to the Union ctallroad Co. for 50 years for 6%on its capital stock.TREASURY SECURITIES.-The United 'Fraction & Electric Co. nas
in its treasury the entire capital stock ($5,000,000) of the Rhode IslandSuburban By. Co.-V. 87, p. 1012; V. 89, p. 105.
(c )Rhode Island Suburban Rail way.-A trolley road.ORGANIZATION.-Chartered June 2 1899 by the Legislature of the
State of Rhode Island with power to construct, purchase, lease or operatetrolley roads in any part of the State, except Newport County. By theterms of its charter it is vested with the power of eminent domain, and theright to transport passengers, freight, express matter and United Statesmail in any territory where It is authorized to do business Leased toRhode Island Co. June 30 1904STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
1st mtg g.($1,000) guar. p. & 1.1 Union Trust Co. Providence. Trustee.$5,000,000, gold c*l Int. at office of the By. Co., Providence,The United Traction & Electric Co. owns the entire capital stock and
guarantees the bonds, principal and interest.Bonds.-There are reserved in the hands of the trustee $318,000 to take
Iglrirr2 gold nrstw mortgage bonds of the wtuxetVali
eyEercgtgeiailgypanyan$7oo06Agofirmtgagebonds
of the Cumberland Street Railway Company, the former issue being guar.anteed. principal and interest, by the United Traction dc Electric Company.which guarantees the payment of the Interest on the Cumberland bonds.SECURITIES PLEDGED.-The bonds are secured by a mortgage on all
the property owned or hereafter acquired by the company, and by pledge ofthe following securities: 700 shares of the Cumberland Street By. Co.: 3,985shares of the Pawtuxet Valley Electric Street Ry. Co. and 5,000 shares ofthe Barrington Warren & Bristol St. By. Co.ROAD.-Consists of 71 miles of track.
NEW LONDON, CONN,NEW LONDON & EAST LYME ST. RY.-A trolley road.
ORGANIZATION.-Incorporated in Connecticut in 1899 as East LymeStreet By. and name changed as above on Dec. 1 1904.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
1st mtge.. $200,000, gold 1905 5 g A-0 200,000 Apr. 1 1935($1,000) c* Int. at Thames Loan & Trust Co., Norwich.Loans and notes payable June 30 1909, 8140,910.Bonds.-Trustee is Treasurer of State of Connecticut. Bonds are subject
to call at any time at 120 and int.EARNINGS.-For year ending June 30 1909, gross, $45,106; net.
$12,844; fixed charges, $15,599; def., $2,755.ROAD.-Operates 11 miles of track from New London to Niantic. 70-lb.
T rail. Standard gauge. 11 cars. Owns a park in Flanders.OFFICERS.-Pres., Thomas Hamilton; V.-P., Walter R. Denison; Sec.,
F. P. Latimer: Treas., S. W. C. Jones, New York,: Supt., L. G Rudd.-V.81, p. 1396; V. 84, p. 159.
NEW ORLEANS, LA.NEW ORLEANS RAILWAY & LIGHT CO.-Railway and lighting
system. (See Map on page 76.)ORGANIZATION.-Incorporated in Louisiana on June 12 1905 as a re-
organization of the New Orleans Rys. Co. per plan in V. 80, p. 651. Oldcommon stockholders paid an assessment of $10 per share and received $10new preferred and $35 in new common; old preferred paid $20 assessmentand received $20 In new preferred and $100 in new common. Comprisesall the street railway and lighting interests of New Orleans. Stock andbonds were listed on N. Y. Stock Exchange in June 1906 and June 1909V.82, p. 1497: V.88, p. 1621. Stockholders voted June 28 1909 (V. 89.p 42on issuing 850.000.000 5% "40-year refund. & gen. mtge" bonds. IsAug. 1909 Bertron, Griscom dc Jenks placed a block of $2,581,000these bonds with a French syndicate. See V. 89, p. 411. The plan or.ther provided that pref. and corn, stockholders part with 3 their holdingsat 40 and 15 respectively. See plan in V. 88, p. 1313. 1373, 156 InMch. 1910 a conditional proposition made by same bankers Jan. 27 19to pref. and corn, shareholders, to purchase 20% of their holdings at 62 Mfor pref. and 30 for corn. (V. 90, p. 373, 503, 627), was abandoned becauseof lack of sufficient assents. V. 90, p. 772.On Sept. 1 1910 owned the following stocks. We show also the total
amounts outstanding of each issue.Amount Owned byIssued. N.O.Ry.&
STOCKS- Lt. Co.N. 0. City RR. Co., preferred $2,499,500 $2,470,900" " " common 4,991,000 4,835,500
N. 0. & Carrollton RR. Lt. & P. Co., preferred 4,600,000 4,588,000common.__ 2,500,000 2,500,000
St. Charles St. RR. Co 953,300 952,300Orleans RR. co 234,700 234,700N. 0. & Pontchartrain RR. Co 349,800 349,800N. 0. Gas Light Co 5,250,000 5.160 ,700N. 0. Lighting Co 10,000 10,000
66 gg dig $4
Total 821,388,300 121,101,900The New Orleans City RR. is leased until Dec. 31 1955 to the New Orleans
By. & Lt. Co. for 5% on the pref. stock and % until Jan. 1 1908 and 1 %semi-annually thereafter on the common stock.
City proposed to build a municipal lighting plant, but bids were rejectedin Nov. 1903; contract for 10 years from Oct. 1 1905 later awarded to theNew Orleans & Carrollton RR. Light & Power Co., one of the constituentcompanies of the New Orleans Railway & Light Co.FRANCHISE.-The N. 0. City RR. Co. franchises expire from 1943 to
1962, except two expiring in 1915 and 1917; the N. 0. & Carrollton fran-chises expire in 1933i the St. Charles St. RR. franchises expire in 1956 andthe Orleans RR. Co. franchises expire in 1951. Gas franchise is perpetualand is exclusive until 1925. Electric light franchise is perpetual.STOCK AND BONDS- Date. Interest. Outstanding. Maturity
N. 0. Ry. & Light Co., gen.' 1905 434 g J-J 17 544,000 July 1 1933mort., 130,000.000 gold Interest at New York Trust Co., Trustee. or($1,000) cs at office of company.
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78 ELECTRIC RAILWAYS Lxxxxi.
STOOK AND BONDS- Date. Interest. Outstanding. Maturity.N. 0. By. & Lt Co. ref. and( 1909 5 g M-N $2,581,000 Nov. 1 1949gen. mtge. $50,000,000Hibernia Bk. & Tr. Co., New Orl., Trustee.1($100 & $1, 000) gold_ _ _ c• !Int ta.gaetncoyfflicneNofewco ymopraknyoitny.New Orleans or
N. 0. City gen. mortgage,) 1898 4-5 g 3,200,000 July 1 1943$3,250,000, gold lint, payable at Louisiana Nat. Bk. N. Or.
New Orleans City & Lake 1893 5 g J-J 2.645,500 Jan. 1 19431st M. for $3,000,000 Sub, to call for sink, fund at 110.gold, $500 &c c* Columbia Finance & Tr. Co., Louisv., Trust.
Int. payable at New Orleans Nat. Bank.N. 0. Tract. 1st mort..{ 1897 6 g J-J 53,000 July 1 1917
N. 0. Power-house mort.{ 1901 5 g J-J 200,000 July 1 1943gold, $200,000 Fidelity Trust Co., Louisville, Trustee.
Int. at Louisiana Nat. Bank, New Orleans.N. 0. & Car consol. M. f 1899 5 J-J 2,000,000 Feb. 1 1933$2,000,000 ($500 and( Interest at Whitney Cent. Nat. Bank,$1,000) i New Orleans.
Canal & Claiborne RR.} 1896 6 g M-N 749,000 May 1 1916consol. M., g., $800,000 Interest at Whitney Central Nat. Bank,($500 and $1,000) New Orleans.
Edison Elec. of N. 0. 1st M. 1899 5 J-J 2,423,000 Jan. 2 1929($1,000)s.f., $2,500,000 c*American Trust, Boston. Trustee.
Interest at the Peoples' Bank, New Orleans.Orleans RR. mortgagel 1895 6 J-J 300,000 Apr. 8 1912
gold, $300,000 cl Int. at Commercial Nat. Bank, New Orleans.Second mon.. gold cf 1897 6 J-J 100,000 1910-1912
1May be called at par after 10 years.St. Charles Street 1st} 1902 4 g J-J 375,000 Jan. 1 1952
mtg., $600,000 ($1,000), Interest at Canal Bank & Trust Co., Newgold, c Orleans.
Bonds.-On the New Orleans & Carrollton consolidated bonds $20,000per annum is payable to a sinking fund. A sinking fund of $30,000 perannum is provified for the redemption of the N. 0. City & Lake RR. bonds.The Merchants' Electric Co. bonds are subject to call at par at any time.A sinking fund of $10,000 per annum is provided for redemption of OrleansRR. bonds. The St. Charles St. RR. bonds are not subject to call, but aproportionate amount will be retired yearly by purchase in open market.The N. 0. Traction Co. bonds have a sinking fund of $7,500 per annum forredemption of bonds at 105.
Of the $30,000,000 gen. mtge. of the New Orleans Railway Fc Light Co.,$12,433,000 are reserved for prior liens. They are subject to call on anyinterest date upon 60 days' notice at 105 and interest. See V. 82, p 1497.See description of bonds and property in V. 88, p. 1621. $30,000,00 0 ofthe ref. & gen. mtge. are reserved to retire a like amount of gen. mtge..bonds; remaining bonds may only be issued for betterments and improve-ments at 75% of cost and for acquisition of additional securities of sub-sidiary companies under certain restrictions. Bonds are redeemable onany interest date after May 1 1919 at 105 and int. on 6 weeks' notice. SeeV. 89, p. 411. Of the $2,581,000 already sold, $1,580,900 were used to re-tire debenture notes of 1907.
Dividends.-First quarterly dividend on pref. stock-1 g %-was paid InJan. 1906 and 1 g % was again paid in April, 134 % in July and 1 % % inOct. 1908. In 1907, Jan., 134 %; April, 1 g %; July. 1 X %; Oct., 623 eta.None since.ROAD.-Companies controlled operate 54.01 miles of single track, 66.12
miles of double track and 11.47 miles of special track; total track, 197.72miles. Has 610 cars. Rails 58 to 107-lb. T and girder. Gauges 4 ft. 8 Ain. and 5 ft. 2 g in. Owns 5 power stations.REPORT.-For calendar years (1909 report in V. 90, p. 445):
The gross earnings of $6,034,325 for 1909 were derived, $4,101,546 fromrailroad, $1,027,898 from electric and $904,881 from gas; net, $1,698,470from railroad, $502,092 from electric and $504,862 from gas.OFFICERS.-Pres., Hugh McCloskey; V.-P. and Sec., Joseph H. De-
Grange; Treas. and Aud.' H. A. Ferrandou.-V. 87, p. 415, 1533, 1664;
V. 88, p. 506, 560. 1002, 1124, 1313, 1373, 1438, 1561, 1621; V. 89, p. 42,411, 1542; V. 90, p. 373, 445, 503, 627, 772, 1167.
SOUTHERN ELECTRIC SECURITIES CO.-A holding company.In 1907 suit was commenced against the company by the Attorney-Gen.
of Mississippi charging violation of the anti-trust law. See V. 84, p. 221and 932. In Oct. 1907 the Supreme Court of Mississippi affirmed the deci-sion of the lower court holding that company is a combination in contra-vention of State anti-trust laws and must dispose of Its holdings in proper-ties in the State. viz.: Southern Lt.& Trao. of Natchez (see under Natchez)and Vicksburg Railway & Light Co. (see under Vicksburg). As a resultof decision these latter companies were placed In hands of a receiver (seeV. 85, p. 1144; V. 86, o. 230) and on May 4 1908 the Vicksburg By.Light Co. and in June 1908 the Southern Light & Traction Co. were soldand Southern Elec. Sec. Co. Interests in these companies eliminated. V. 86,p. 1226.
Receiver for Beaumont Traction.-The U. S. Circuit Court at Sherman,Tex., appointed Jas. F. Weed of Beaumont receiver, on application ofInter-State Trust & Banking Co., in order to protect bondholders, city hav-ing threatened a suit to forfeit company's charter. V. 89. p. 347. A re-organization is being planned.
Sale.-Default having occurred Oct. 1 1909 and Apr. 1 1910 on coll.trust bonds of 1904, the Knickerbocker Trust Co., N. Y., trustee, will, byAdrian H. Muller & Son, N. Y., offer for sale at public auction on Oct. 121910 the securities pledged under the mortgage. See V. 91, p. 590.ORGANIZATION.-Incorporated in New Jersey in July 1903. In table
below we give the names of the companies controlled and the amounts ofstocks and bonds of each outstanding, together with the amounts acquiredand pledged under the collateral trust mortgage of the Southern ElectricSecurities Co.
Capital Stock. 1st Mort Bands.Name ef Company- Issued. Pledged. Issued, Pledged.
Natchez, Miss *456,700 *340,000 340,000 266,000Jennings (La.) El. L. & P. Co__ 15,000 15,000 60,000 60,000Vicksburg Ry. & Lt. Co *500,000 *376,000 305,000 32,000The stocks pledged are in shares of $100 each, except the Jennings Co.,
which are $50.
• The Southern Electric Securities Co.'s Interest in the stocks of theVicksburg By. & Lt. Co. and Southern Light & Trac. Co. has been elimin-ated, as noted above. The $32,000 Vicksburg By. & Light Co. and1266.000 Southern Light & Trac. Co. bonds, however, are still held.
Capitalization of Southern Electric Securities Co.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock, 11,000,000 (1100) _ /1,000,000 Coll. tr. M. $1,600,0001 1904 5 g A-0 901,000 Apr. 1 1934
gold ($1,000; c*JInt. at Knickerbocker Trust Co.. N. Y.. Tr.
Bonds.-Outstanding bonds were issued in payment of the securitiesgiven In the table above and the remaining bonds are reserved for acquir-ing additional stock and bonds. A sinking fund of 2 % of outstanding bondscommenced on April 1 1909. Bonds are subject to call on any Interest dateat 105 and interest.OFFICERS.-Pres., Lynn H. Dinkins; V.-P., E. C. Foster; Sec. and
Treas., H. M. Young.-V. 86, p. 230, 1226; V. 89, p. 349; V. 91. p. 590.
NEW YORK CITY, N. Y.MANHATTAN RAILWAY.-See "Railway and Industrial" Supplement.
METROPOLITAN SECURITIES COMPANY.Receivership.-On Sept. 2 1909 Judge Holt in the U. S. Circuit Court
appointed Sidney Smith receiver of the company on application of Wm.W. Ladd, receiver of the New York City By. V 89. P. 593.
Incorporated under the Business Corporation Law.
New York on Feb. 141902 with a capital of /30,000,000. It holds the entire outstanding stockof the New York City Ry.. which In turn leases the Metropolitan Street Rail-way Co. V. 74, p 379 Also owned all the stock ($1,500,000) of the
People's Trac. Co.. all the stock (1600,000) and all the bonds (12,500.000)of the N. Y. Westchester & Conn. Traction (though the bond and stockholdings of the latter appear to have been sold by Receiver Ladd of theNew York City By. In Aug. 1910-see V. 91, p. 519); all the stock($25.00t0 of the Egenwitid St. Hy., which owns franchises for street rail-ways in the Bronx; stock of Jerome Park By., operating 1.6 miles track.and the Wall and Cortlandt St. Ferries By ($1,000,000 stock and $1.-000,000 bonds), which owns franchises from Wall and Fulton St. ferriesto Liberty and Cortlandt St. ferries.; also controls through stock interestthe N. Y. Transportation Co. (capital $4,700,000); the Fifth Ave. CoachCo., operating stages on Fifth Ave., and the Park Coach Co., operatinghacks in Central Park. Also owns stock in the Third Ave. RR., the preciseamount not being disclosed.The powers of the company are very broad and allow It toacquire the se-
curities of corporations of New York State or any other State, "includingcorporations which own, operate or lease, or which are organized for thepurpose of constructing, owning, operating or leasing, street surface rail-roads, elevated railroads, rapid transit railroads, underground railroads,tunnels, bridges, tunnel railroads, railway terminals or railroads of anycharacter or description in the City of New York or its suburbs, or In terri-tory adjacent thereto, and corporations engaged In furnishing or organizedto furnish electricity for any lawful purpose, or power in any form, for useupon, or which may be used upon, street railroads or other railroads." &c.Also "to purchase, acquire, hold and dispose of the stocks, bonds and otherevidences of indebtedness of any corporation, domestic or foreign, andissue in exchange therefor its stock, bonds or other obligations." Theduration of the corporation Is to be a thousand years. The directors neednot be stockholders unless the by-laws of the company shall so require. OnJune 10 1903 second payment of $25 per share was made. In Jan. 1906,pursuant to plan of amalgamation with Interborough Rapid Transit,another call of 25% was made, making stock 75% paid in.
Acquisition of Stock by Interborough-Metropolitan Co.-Both the shares ofthe Metrop. Securities Co. and those of the Metrop. St By. Co. havepassed in large part to the Interborough-Metropolitan Co. under anarrangement with the Interborough Rapid Transit Co. entered into in Jan.1906. Stockholders of the Metropolitan Securities Co. In exchange fortheir stock with 75 % paid thereon were given 9334 % of their holdings incommon stock of the Interborough-Metropolitan Co., while holders ofMetropolitan Street Ry. stock received 100% in pref. and 5$ % in commonstock of the new company. See plan in full in V. 82, p. 280. $29,392,000of the $30,000,000 stock of the Securities Co. has been exchanged on thisbasis and $42,740,000 of the $52,000,000 stock of the Metropolitan St. By,For details of the securities of the Interborough Rapid Transit Co. and theInterborough-Metropolitan Co., see our "Railway and Industrial" section.Judgment Against Company.-Settlement of Litigation.-On July 14 1909
U. S. Circuit Court of Appeals affirmed the judgment awarded the NewYork City By. (by Judge Ward in U. S. Circuit Court Sept. 22 1908) for$4,964,000, against the Securities Co., together with interest on the amount.V. 87, p. 813; V. 89, p. 613. On July 8 1910 Judge Lacombe approved thesettlement of the foregoing suits for $5,500,000 in order to end the litiga-tion. V. 91, p. 38. For payment by Messrs. Ryan, Widener, Dolan,Whitney and Elkins of claims against them on account of Wall & CortlandtSt. Ferries By., see V. 88, p. 944.STOCK AUTHORIZED- Date. Rate. Outstanding. Last div.
Stock, $30,000,000 (par $100) $75 paid in
OFFICERS.--Pres., H. H. Vreeland; V.-P., R. W. Meade; Sec. andTreas., Edward W. Sayre.-V. 88, p. 944; V. 89, p. 163, 593; V. 91, p. 38.
NEW YORK CITY RAILWAY.RECEIVERSHIP.-On Sept. 24 1907 company was placed by Judge
Lacombe of the United States Circuit Court in the hands of Adrian H.Joline and Douglas Robinson as receivers (since replaced by William W. Ladd,as noted below). The receivership was precipitated by the inabilityof company to meet the quarterly Installment of rental due the MetropolitanSt. By. Co. Oct. 15 1907. V. 85, p. 793, 921. In May 1908 there wereissued $3,500,000 receivers' certificates of the company and the Metropoli-tan St. By. See particulars under that company below. V. 86, p. 669.858, 1285.
Separate Receiver.-On July 16 1908 Judge Lacombe appointed WilliamW. Ladd sole receiver in place of Adrian H. Joline and Doulgas Robinson.who remain receivers of Metropolitan Street Railway. V. 87, p. 167.Company Awarded Judgment for $4,964,000 Against Metropolitan Sec-
curities Co.-Settlement of Litigation.-See remarks under Metropolitan Se-curities Company above and V. 87, p. 813; V. 89, p. 163; V. 91, p. 39.
Receiver's Sale.-The only road owned by the N. Y. City By., 1.57 mileslong, formerly the old North Mt. Morris RR., was sold at auction on April 81909 for $500, purchaser assuming about $25,000 for franchise taxes andassessments. V. 88, p. 045. Under order of Judge Lacombe, ReceiverLadd also sold at auction on Aug. 25 1910 certain securities. V. 91, P. 519.276.ORGANIZATION.-The New York City Railway Co. was Incorporated
in New York on Nov. 25 1901 as the Interurban Street Ry., with a capitalof $500,000, but on Feb. 10 1904 assumed name as above. V. 78, p. 48V. 77, p. 1874. Directors need not be stockholders. Arrangementfor financing the needs of the Metropolitan Street By,, under which theamount of the stock of the Interurban was increased to $20,000,000,was made in February 1902. V. 74, p. 379. Metropolitan SecuritiesCo. owns all the stock and was also to acquire any future issues of stockor securities of the New York City By. The Interurban Co. leased theMetropolitan Street By. for 099 years from Feb. 14 1902 for 7% perannum on Its stock. Owns $250,000 of the $500,000 capital stock of theBridge Operating Co., which operates cars locally over the WililamsburghBridge, the other half being owned by the Brooklyn Heights RR.
Dividends orSTOCK AND BONDS. Date, Interest. Outstanding. Maturity.
Stock $20,000,000 (par $100) $9,361,500 10-year notes, $15,000,000___ 1902 3 A-0 1,761,000 April 1912Loans& bills pay'le Dec 31 '06 10,865,000
Note.-There was also due the Metropolitan Securities Co. on March 311907 $3,638,500 stock under subscription and $3,915,000 of the 10-yearnotes.ROAD.-Track operated June 30 1008 by New York City Ry. and its
receivers: Leased, 260.578 miles (1.57 miles of which owned); trackagerights, &c., 26.067 miles; total, 286.645 miles. See statement of track oper-ated, V. 88, p. 940 The figures here given cover the lines in ManhattanBorough only.In a statement furnished by the Public Service Commission early in 1908,
total track controlled in Manhattan Borough, Bronx and Westchester, in-cluding mileage not operated and tracks in car barns, was reported as 521.06miles.EQUIPMENT.-June 30 1908: Number of cars of all kinds, 2,683; closed
pass., 1,780; open pass., 714: other rev. cars, 18: service cars, 171. Thisdoes not include lines in Bronx and Westchester County.
REPORT.-For full preliminary abstract of report for year endingJune 30 1908, see V. 88. p. 940.OFFICERS.-Pres., H. H. Vreeland; V.-P. and Gen. Mgr., Oren
Root and D. 13. Hasbrouck; Sec. and Treas., C. E. Warren; Comp.,H. W. Brown; Aud.
. D. 0. Moorehead; Purch. Agent, A. C. Tully;
-V. 86, P. 53, 108, 169, 338, 469, 858, 1043, 1285, 1530; V. 87, p. 167. 478,678, 813; V. 88, p. 940, 945; V. 80, p. 163; V. 91, p. 39, 276, 519.
METROPOLITAN STREET RAI LWA Y.-Underground trolley and horse.
Receivers Appointed.-On Oct. 1 1907 Judge Lacombe appointed DouglasRobinson and Adrian H. Joline (who had previously been made receiversof the New York City_ Ry. Co.) receivers of this company on applicationof company itself. V. 85, p. 864, 921. Protective committee for theminority shareholders has been formed. See V. 85, p. 1518; V. 86, p. 108.The October 1907 coupon on the refunding bonds was paid, but the MortonTrust Co.. as trustee, brought suit Nov. 1907 in the U. S. Circuit Court toforeclose the mtge. A majority of these bonds has been deposited witha committee of which E. S. Marston. Pres. of Farmers' Loan & Trust Co..Is Chairman. V. 85, p. 1270; V. 88, p. 883. See statement by com-mittee, V 88, p. 1560.
Foreclosure.-In Feb. 1908 the Guaranty Trust Co. of New York, astrustee of gen. coll. trust mtge., the Feb. 1908 coupons of which had beendefaulted, brought an additional foreclosure suit in the U. S. Circuit Court.V. 86, p. 548; V. 88, P• 205, 748, 1197, 1373; V. 89, p. 1347; V. 90, p. 447,1045, 1296, 1491. Date of sale under foreclosure has been fixed for Nov. 141910, under the gen. coll. trust & ref. mtges., after having been adjournedseveral times. The leases of the Central Park North & East River RR.,28th F6 29th Sts. and Fulton Ferry lines will not be Included.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT., 1910.] ELECTRIC RAILWAYS 79
Default.-Interest due Feb. 1 1908 on the $12,500,000 gen. coll. tr. bds.
was defaulted. For Protective Committee formed see V. 86, p 337, 603,1159; V. 87, P. 38. and V. 88, P. 452. Interest due April 1908 on refunding
bonds of 1902 was also defaulted. Kuhn, Loeb ec Co. offered to purchase
at face value April 1908 coupons of latter bonds on their being deposited
with Farmers' Loan & Trust Co., subject to bondholders' agreement,before July 31 1908. See V. 86, p. 857.
of Donald Mackay and Wm. P. Dixon, representing general and collateral
5% bonds, and G. E. Tripp and Otto II. Kahn, representing refunding 4%
bonds, has been formed to formulate a plan for the readjustment and re-
organization of the securities and properties of the co. V. 87, P. 1301; V.
89, P. 1483. The committee has engaged Stone ec Webster of Boston to
assist in the work of reorganization. V. 87. p. 1533; V. 88. p. 452.
Receivers' Certificates.-In March 1908 receivers obtained permission
to issue $3,500,000 6% receivers' certificates ranking in lien ahead of the$12,500,000 gen. coll. trust 5s and the $16,604,000 refunding 45. V. 86,
p. 668, 857. In May 1908 the U. S. Circuit Court of Appeals affirmed
this action. V. 86, P. 1285, 1590. In June 1909 a new issue of $3,500,000
4 %% receivers' certificates, maturing June 15 1910. for refunding the$3,500,000 5s, was made. V. 88, P. 1437. On June 13 1910 $3,000,000 5%receivers' certfs. to pay back special franchise taxes were authorized, and
on June 14 1910 $3,500,000 5% receivers' certfs. were authorized to replace
like amount of 4 M% receivers' certfs. which matured June 15 1910. Both
issues rank ahead of the ref. mtge. of 1902 and gen. coll, trust mtge. of1897. V. 90, p. 1614, 1554.
Settlement of Litigation Against Metropolitan Securities Co.-See remarksunder Metropolitan Securities Co. above and V. 91, p. 38, for Judgment ob-tained by Receiver of New York City Ry. against Metropolitan SecuritiesCo. (In settlement of which claims $5,500,000 was paid), representing thebalance of the purchase price of $8,000,000 Metropolitan St. Ry. Improve-ment notes Issued prior ot the receivership.
Rental and Interest Payments of Leased and Subsidiary Lines.-Thequarterly rentals on the leased lines of the Metropolitan St. Hy. (with theexception of the Third Ave. RR.) due Jan. 1908 were paid after somedelay. V. 86, p. 53, 108. The rental payment due March 1 1908 onSecond Ave. RR. stock was defaulted. The various rental payments dueApril 1 and May 1 1908 were all paid after some delay, except that of theCentral Crosstown RR. and the Central Park North 80 East River. Re-ceivers in June 1908 obtained from Court permission to cancel the leasewith the latter road, and also with the 28th and 29th Streets CrosstownRR. V. 87, p. 38. The Central Crosstown RR. Is still being operated,an agreement ioetween the two companies having been sanctioned July 151908 by Public Service Commission (sec particulars under Central Cross-town RR.) In June 1908 receivers ceased operating the Fulton Street RR.,after having defaulted in the payment due May 1 1008 on the $500,000bonds of that road. V. 86, p. 1159, 1467. All the different issues ofSecond Ave. RR. bonds are in default except the 1st gen. mtge. of 1885and on Sept 30 1908 a separate receiver was appointed for that road. Int-erest due Oct. 1 1908 on Metropolitan Crosstown 1st M. is in default.
Transfers Ordered with Central Park North & East River RR.-See remarksunder that company below and V. 91, p. 336.ORGANIZATION.-Organized on Nov. 12 1805 and by consolidation.
lease and otherwise acquired control of practically all the street railwaysof Manhattan Island except the Manhattan Elevated.
Acquisition of Stock by Interborough Rapid Transit.-Up to Feb 10 1907$42,740,000 of the $52,000,000 stock of the Metropolitan Street Ry. hadbeen exchanged for the stock of the Interborough-Mctropolitan Co., basisof exchange being $100 in preferred and $55 in common stock of the newcompany for $100 of Metropolitan Street Ry. See V. 82, p. ,280, andremarks above under Metropolitan Securities Co.
Lease.-On Feb. 14 1902 the Metropolitan Street Ry. was leased for 7%on its stock to the Interurban Street By. (now the New York City StreetRy.) for 990 years. V. 74. P. 379. Metropolitan Street
Ry. stockholders
were given the right to subscribe for $23,400,000 stock of the new Metro-politan Securities Co. The lease has been sustained by the courts.
Franchises.-All franchises are stated to be perpetual, excepting theKingsbridge franchise, covering 3 ki miles. For decision in New York Su-preme Court adverse to the validity of the franchise under which the Lex-ington Avenue extension of the Houston West Street & Pavonia Ferry HR.,and also the line across 116th Street, was built, see V. 72, p. 45.
Franchise Tax Legal.-For decision of Court of Appeals in the case of theMAropolitan Street By., affirming the validity of the franchise tax law, seeV. 76 p. 972. On May 29 1005 the United States Supreme Court unani-mously affirmed the decision of the New York State Court of Appeals.V. 80, p. 2344. On May 17 1910 It was arranged to settle franchise taxesin arrears (except 2d Av. and Cent. Pk. No. & East RN', lines) for 56,390,-000, of which $2,640,000 has been paid on account. V. 90, P. 1045, 1296,1363, 1554.
Brooklyn Bridge Connection.-Cars of the Metropolitan lines began to runacross the Williamsburgh Bridge in Jan. 1905.
STOCK AND BONDS. Date. Interest. Outstanding. Maturity.Stock $52,000,000 ($100) _ __ Q-J 15 $52,000,000 July'07,1 %Receivers' certfs, $3,500,000__ 1910 5 D-M 15 3,500,000 Mcli 15 1911Receivers' certfs., $3,000,000_ 1910 5% 3,000,000 Refund mortgage $65,000,0001 1902 4 g A-0 k16,604,000 April I 2002($1,000 &c) gold c&r }Farmers' Loan & Tr. Co., N. Y., Trustee.
J Int. at office of company.Metropolitan Street Ry-
Gen coil trust M $12,500,000 1897 5 g F-A k12,500,000 Feb. 1 1997($1,000 &c) gold c• &r Int. at Nat. Bank of Commerce, New York.
Improvement notes, $8,000,- 1007 5 J-J k3.504.788 July 1 1910000
Metropolitan Crosstown first 1800 5 A-0 k600,000 April 1 1920mortgage Interest at New York Trust Co., N. Y., Trus.
Lexington Ave & Pavonia 1893 5 g M-S 5,000,000 Sept. 1 1993Ferry first mtge gold_c•&r Interest at Nat. Bank of Commerce in N. Y.
Columbus & Ninth Avenue 1893 5 g M-S 3,000,000 Sept. 11093first mortgage gold_ __ _c&r Guaranty Trust Co., N. Y. City, Trustee.
So Fy 1st gu $350,000 ($1,000 1889 5 A-0 350,000 April 1 1919Broadway Surf RR first mtge_ 5 J-J 1,500,000 July 11024Mortgage on car stable prop-) 1899 050,000
ertics to Mutual Life (Extended)
Lessor Companies-Broadway & 7th Ave con mtge 1893 5 g J-D $7,650,000 Dec. 1 1943
do do 2d mtge. 1884 5 J-J 500,000 July 1 1914Bleecker St & Ful Fy first mtge 1876 4 J-J 700,000 Jan. 1 1950Second Avenuelst (gen.)mort. 1885 5 M-N 1,280,000 Nov. 1 1909Second Avenue debentures___ 1889 5 J-J k89,000 Jan. 1 1909Second Ave first consol mtge_ 1898 5 g F-A k5,631,000 Feb. 1 1948Christopher & 10th St 1st M__ 1898 4 A-0 210,000 Oct. 1 1918• Eighth Ave certs of indebt___ 1884 6 F-A 750,000 Feb. 1014Central Crosstown first mtge._ 1882 6 M-N 250.000 Nov. 1 1922
do notes $2,250,000 1906 5 k2,250,000 May 1 1909Third Avenue RR.-See that company's statement.Companies separately operated-
nth & 29th St Crosstown lstM 1898 5 A-0 k1,500,000 Oct. 1190834th St Crosstown first mtge__ 1896 5 A-0 1,000,000 April 11996Fulton St RR first mtge gold.._ 1805 4 M-N k500,000 Nov. 1 1995• Interest on the $750,000 certificates of indebtedness of the Eighth
Avenue RR. Is paid out of the $215,000 rental which the MetropolitanStreet Hy. pays the Eighth Avenue RR. k These Issues are In default.Improvement notes 01 1907 for $8,000,000 were to be deposited as security
for the $15,000,000 3-year coll, trust notes of the Interbor.-Metropolitan Co.Bonds.-The Lexington Avenue & Pavonia Ferry 55 and Columbus* &
Ninth Avenue 5s were fully described in V. 60, p. 1146. Both were guaran-teed and later assumed by the Metropolitan Street Ry. Co. The Columbus& 9th Ave. has been merged into the Metropolitan and its stock canceledThe general collateral trust mortgage of 181)7 is secured by deposit of the
stocks (par value) of the Broadway & 7th Avenue, $1,400,000: 42d Street& Grand Street Ferry RR., $400,00(); Central Park North .S3 East RiverRR., $300,000; 34th Street Crosstown Ry., $990,000; also all property ofH. W. St. & P. F. RR., Chambers St. & Grand St. Ferry RR., BroadwayRy., South Ferry RR., Metropolitan Crosstown Ry., Lexington Avenue &Pavonia Ferry RR., Columbus & 9th Ave. and Fort Lee Ferry Extension; alsoleasehold interests contracts, real estate (valued as below stated), &c.See application to New York Stock Exchange in V. 65, P. 826.Of the $65,000,000 new refunding 4s, $54,000,000 were reserved to retire
prior liens amounting to 548,106,000, this latter not Including the bonds oftho Third Avenue RR. and its constituent companies. The bonds have asecond lien on the collateral deposited as security for the general collateraltrust mortgage of 1897; see particulars in V. 74, p. 370, 1308. Hesides tho
$11,000,000 of bonds immediately issued (going to the Interurban StreetRy.), $5,604,000 were sold for refunding, making $16,604,000 outstanding.After Jan. 1 1920 any part of the bonds reserved for refunding not neededfor that purpose were to be available for the general purposes of the company.In May 1910 the Farmers' Loan & Trust Co. succeeded the Morton Trust Co(now the Guaranty Trust Co.) as trustee. V. 90, p. 1425.
Dividends.-The dividends paid have been as follows, those prior to 1898having been paid on the Metropolitan Traction stock, which was increasedIn 1892 from $20,000,000 to $30,000,000, and in Oct. 1897 was exchangeddollar for dollar for stock of Street Railway Co.:
In Oct. 1897 a distribution of 20% in debenture certificates (paid offOct. 15 1898) was made to Traction stockholders. (V. 65. p. 620.)REPORT.-G. E. Tripp, Chairman of the Joint Committee on Reor-
ganization, in Jan. 1910 gave out the following statement to show the ex-act income position of property. V. 90, p. 300. Third Ave. lines, ofcourse, are not included. For receiver's statement covering 11 monthsending June 30 1909 see V.80, P. 1662.Metropolitan Street Ry. Co.-Statement of Income for Calendar Year 1909.Gross earnings $13,258,412Operating expenses ($8,456,017) and taxes ($1,319,372) 9,775,388
Net earnings $.3,483,024Charges-Rent of leased lines $1,848,676
Interest on underlying bonds, &c 577,500-2,426,176
Net Income as per receiver's report $1,056,848Charges Not Included by Receivers-
Interest on receiver's certificates $158,958Interest on Metropolitan Crosstown bonds 30,000Interest on 5% general mortgage bonds 625,000Interest on 4% refunding mortgage bonds 664,160Int. on Central Crosst'n notes, 8 mos. from May 1 '09 75,000Rental Central Crosstown line 90,000-1,643,118
Deficit $586,270Allowance for depreciation, obsolescence and contingencies_ _ _ _ $1,000,000Interest on amount required to pay receiver's liabilities and
expenses of reorganization 250,000
Deficit $1,836,270Less income on securities owned 212,000
Real deficit, approximately $1,624,270ANNUAL REPORT.-See report under New York City Ry. and V.
88, p. 940.OFFICERS.-Pres., D. B. Hasbrouck; V.-P., C. E. Warren; See. and
Treas., D. C. Moorehead.-V. 88, p. 231, 295, 452, 506, 564, 686, 748, 883.1197, 1253, 1373, 1437, 1500, 1560, 1620; V. 89, p. 348, 411, 1142, 1347.1662; V. 90, p. 110, 168, 300, 447, 560, 627, 850, 977, 1045, 1296, 1363.1425, 1491, 1554, 1614; V. 91, p. 38, 94, 336, 717.
Companies Controlled by Metropolitan Street Railway.(1) Bleecker Street & Fulton Ferry RR.-Horse and electric.ORGANIZATION.-Chartered Dee. 12 1864. Leased to 23d Street
Railway Co. Jan. 10 1876 for 90 years; lease assigned to MetropolitanStreet Ry. Rental is interest on $700,000 bonds and 1 3 % per annum onstock. Payment due in July 1910 was made.On March 6 1910 Judge Coxe in the U. S. Circuit Court remanded to the
State Supreme Court the action brought by the State Attorney-General forforfeiture of franchises. V. 90, p. 913.
STOCK AND BONDS- Par. Interest. Outstanding. Maturity.Stock $100 1 31 J-J $900,000 See text.First mortgage gold 1900_ ___ j 1,000 4 g J-J 700,000 Jan. 1 1950
iMorton Trust Co., New York, Trustee.The first mortgage bonds for $700.000 were 7s until Jan. 1 1900, when
they fell due and were extended by the Bleecker Street & Fulton Ferry Co.at 4%. on the same lien, and made payable in gold.ROAD.-Owns 8.79 miles of track. Electric on 14th St.-V. 90, p. 913.
(2) Broadway & Seventh Avenue.-Change to underground electriooccurred in Aug. 1901. Rental has been paid to date.ORGANIZATION.-Chartered May 26 1864. Leased May 13 1890 for
unexpired term of charter and for any extensions of the same to HoustonWest Street & Pavonia Ferry, now Metropolitan Street Railway Co.RENTAL.-Interest on bonds and 10% on $2,100.000 stock, of which
Metropolitan Street Railway Co. owns $1,400,000.
STOCK AND BONDS- Par. Interest. Outstanding. Maturity.Stock $2,100,000 ($100) $100 10 Q-J $2,100,000 See text.Second mortgage 01 1884 1,000 5 J-J 500,000 July 1 1914Broadway Surface first guar 1,000 5 J-J 1,500,000 July 1 1924South Ferry first guaranteed 1,000 5 A-0 350,000 April 1 1919B'way & 7th Ave cons mtgej 1,000 5 g J-D 7,650,000 Dec. 1 1943
of 1893 for $12,500.000_ __1Interest at Guaranty Trust Co. N. Y., Trus.Of the consolidated mortgage of 1893 for $12,500,000, $4%850,000 was
reserved to retire at maturity the other bonds in the table, but in June1904 $1,500,000 maturing Is were replaced by an issue of the Metropolitanrefunding 4s of 2002. V. 78, p. 1549. On July 1 1905 $1,000.000 secondmortgage bonds due on that date were replaced by a like amount of Metro-politan Street Ry. refunding mortgage 4s of 2002. V. 80, p. 2458. Theconsols are guaranteed, principal and interest, under the terms of the mort-gage by the Metropolitan Street Railway Co., which now owns the Broad-way line south of 15th Street. They cover the road owned in fee and alsothe right to use the tracks on Broadway from 15th Street to the Battery;they are also a direct lien on the cable (since changed to electricity). &o.;The Broadway & Seventh Avenue assumed the Broadway Surface first
mortgage bonds for $1,500,006 ,,nd payment of interest on the second mort-gage bonds for $1,000,000 (the latter since paid off), for use of tracks be-tween 15th Street and the ferry. South Ferry 5s assumed under lease.
ROAD.-Including Broadway Electric, Seventh Avenue and South Ferrylines; owns 19.33 miles of track. V. 86, p. 51, 107.
(3) Central Crosstown RR.-Electric and horse.ORGANIZATION.-Chartered March 28 1873. May 28 1890 leased the
Christopher & Tenth Street RR.; see separate statement of latter.On April 1 1904 was leased for 999 years to the Metropolitan Street Ry.
at a rental of 15% per annum on capital stock in addition to a guarantyof the principal and interest of the bonds of the Central Crosstown RR.V. 78, p. 820, 1168. Rental due Jan. 1908 was paid after some delay,but that due April 1 1908 remains unpaid. Int. due Nov. 1908, May andNov. 1909 and May 1910 on 1st mtge. bonds has been paid. Notes due May1909 have not been paid, nor is the interest being paid, nor is int.being paidon 1st consol. mtge. bonds, which are deposited as security for the notes.
Noteholders' Committee.-In view of the maturity of the collateral noteson May 1 1909 and the receivership of the Metro. St. By., a protectivecommittee has been formed. See V. 88, p. 1001.
Agreement with Metropolitan Street Ry.-In July 1008 entered into anagreement (sanctioned July 15 1908 by Public Service Commission) withMetropolitan Street Ry., by which for at least one year,or until close ofreceivership of latter road, said receivers operate Central CrosstownRR. wider a temporary arrangement by which fixed charges only are tobe paid. V. 87, p. 165. The agreement was modified (approved byPublic Service Comm. Aug. 25 1909) in Aug. 1909, so that the lease may beterminated by either party on thirty days' notice and that Metropolitanreceivers are released from payment of interest on 3-year 5% notes, andalso from payment of franchise tax. V. 89, p. 528.
STOCK AND BONDS-- Date. Interest. Outstanding. Maturity.Stock, $600,000 ($100) 15 Q-J $600,000 See text.
1882 6 M-N 250,000 Nov. 1 1922First mortgage ($1,000)____c{Interest at Morton Trust Co., New York.
American Loan & Trust Co.. Trustee.First consolidated mortgage l 1904 4 g M-N See text. May 1 1952$3,000,000 gold ($1,000) )Morton Trust Co., New York, Trustee.c&r 1 Interest at company's office.
Notes 52,250,000 gu ($1 ,000).c 1906 5 2.250,000 May 1 1909The notes mentioned in table above were issued to take up a like amount
of notes maturing May 1 1906, and are secured by deposit of $2,490,000first consolidated bonds. See V. 82, p. 985.ROAD.-Track owned is 2.86 miles; leases from Christopher & Tenth
Street RR., 4.11 miles. Total track. 6.97 miles. All electric except 17thand 18th sts. from Broadway to Ave. A.-V. 82, p.987; V. 84. p. 1247;V. 87. p. 165; V. 88, p. 1001, 1127; V. 89, p. 528.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
, 80 ELECTRIC RAILWAYS [VOL. Lxxxxi.
(4) Central Park North & East River.—Horse and electric.Foreclosure.--On Sept. 17 1910 Judge Lacombe in U. S. Circuit Court
decided that Farmers' Loan ec Trust Co. as trustee of consol. mtge. 75, isentitled to a decree of foreclosure. V. 86, p. 1588; V. 91, p. 790.ORGANIZATION.—Chartered July 19 1860.LEASE.—Leased to Metropolitan Railway Co. Oct. 14 1892 for
length of charter and renewals thereof at 8 % on stock till Oct. 11897; there-after 9% (V. 55, p. 894). Metropolitan Street Ry. owns $300,000 of stock.On June 29 1908 Judge Lacombe authorized receivers of the MetropolitanStreet BY. to abandon the lease of this company. V. 87, p. 96. RoadIs now operated separately. V. 87, p. 165. On Aug. 3 1910 Public ServiceComm. ordered the Metropolitan Street By. to enter Into negotiations withthis company for restoration of transfers which were abolished in Aug. 1908(V. 87, p. 346). On Sept. 1 1910 companies were granted 60 days addi-tional to notify Comm. whether or not they would comply with the order.STOCK AND BONDS.— Par. Interest. Outstanding. Maturity.
Stock (see rental above) $100 Q-J (text) $1,800,000 See text.Metropolitan Street By. refunding 45 were issued to take up the $1,200,000
7% first consol. bonds maturing Dec. 1 1902. Default.—The Interest onthese latter was defaulted Apr!I 1908.
Latest Earnings.—See figures under Metro. St. By. in V. 89. p. 1142.ROAD.—Owns 59th Street. East and West, with belt line on East and
West Sides to So. Ferry-20.86 m. of track. All electric on 59th St.OFFICERS.—Pres., James A. Macdonald: Sec. and Treas., Alexander
J. Hemphill.—V. 87, p. 36. 96, 165, 346, 1009, 1237, 1299; V. 91. p. 790.(5) Christopher & Tenth Streets RR.—Electric.ORGANIZATION.—Chartered April 25 1873. Leased to Central Cross
town May 1 1890 for 999 years at 8% on stock and interest on bonds.Rental due July 1910 was paid.STOCK AND BONDS— Par. Interest. Outstanding. Maturity.
Stock $100 8 Q-J $650,000 See text.First mortgage extended Inj 1,000 4 A 0 210,000 Oct. 1 19181898 Guaranty Trust Co.. New York, Trustee.The $180,000 firsts were extended 20 years from Oct. 1 1898, and In
addition $30,000 bonds were issued at same time to take up the RealEstate Mortgage of similar amount. V. 67, p. 370.ROAD.—Track owned Is 4.11 miles.—V. 67, p. 370.(6) Eighth Avenue RR.—Underground-trolley road.ORGANIZATION.—Chartered Jan. 10 1855. Road Is leased to Metro-
politan Street By. for 99 years from Jan. 1 1896 at rental of $215,000 perannum, which provides for interest on the scrip, 16% dividends on stockand $5.000 additional for organization expenses. V. 82, p. 40. Under-ground-electric traction system used between 158th Street and BatteryPlace. V. 67, p 178. 956. Rental is being regularly paid.STOCK AND BONDS— Par. Interest. Outstanding. Maturity.
Stock $100 Quar. *1,000,000 See text.Scrip of 1884 100 6 F-A 750,000 Feb. 1914
Scrip is subject to call at par on any interest day.ROAD.—Total track owned and operated, 19.44 miles. V. 62, p. 40;
V. 86, p. 52, 108.(7) Fort George & Eleventh Ave. RR.--To be underground-trolley.ORGANIZATION.—Incorporated Nov. 19 1898 In the interest of the
Metropolitan Street By. to build a line from 130th Street and 11th Avenue,along 11th Avenue to 175th Street, and another from 145th Street and 11thAve. easterly through 146th St. to the Harlem River. Has constructed2.06 miles projected on Broadway and is operating 1.6 miles of track on145th St., between Lenox Ave. and Broadway. Stock authorized, $3,•000,000, all owned by the Metropolitan. V 67, p. 1100. Franchisrgranted Dec. 1889 for 25 years, with privilege of renewal for another 25years. 4% gross receipts to be paid the first live years, 6% the second fiveyears. 8% the third five years and 10% the remaining years of operationThe road to become the nronertv of city at the termination of franchise(whether original or renewed) upon payment for the same in accordancewith definitely prescribed rules. The Kingsbridge franchise was grantedto the Third Avenue RR. upon the same terms.
18) Forty-Se, St. C .n I Mroet Ferry RR.—Horse and electric.ORGANIZATION.—Chartered Feb. 16 1863. Leased to Metropolitan
Street Railway Co. from April 6 1893 for duration of charter and renewalsthereof at 18% on stock, payable in lawful money. Metropolitan StreetBy. owns $400,000 of the stock, which is pledged under the MetropolitanStreet By. general collateral trust mortgage of 1897 and the same com-pany's refunding mtge. of i 902. Was changed from horse to electric In Nov.1906. Rental payment due Aug 1910 has been met.
Metropolitan Receivers to Continue Rental but not to Assume Lease.—In Oct.1909 Judge Lacombe denied company's request that Metropolitan receiversbe directed to elect whether or not they will assume lease. V. 89, p. 993.STOCK AND BONDS— Par. Interest. Outstanding, Maturity.
Stock $100 18 Q-F 6748,000 See text.ROAD.—Owns 6.80 miles of track. V. 74, p. 1139; V. 89. p. 993.(9) Fulton Street RR.—A horse road.Foreclosure duct -- Interest due May 1908 was defaulted. The Guaranty
Trust Co., New York, as trustee of the mtge .began suit for foreclosure inU.S. Circuit Court on May 29 1908. The Metropolitan Street By. gave upthe operation of the road. V. 56, p. 1159 1466.Receivership.—On July 15 1908 Justice Blanchard in the Supreme Court,
on application of 1st mtge. bondholders, appointed Gilbert H. Montaguereceiver, with authority to resume operation of road if it seems best to doso. V. 87. p. 166.On June 20 1910 Justice Erlanger in the Supreme Court sustained the
demurrer interposed by receiver Montague in the suit brought by the cityto remove the company's tracks. V. 90, p. 1675.ORGAN IZATio.v . —chartered (,et. 29 1895. Entire stock owned by
M etronnil tanSTOCK AND BONDS— Date. Interest. Outstanding. Maturity.
Stock $500,000 ($100) - $500,000 First M gold ($1.000) guarj 1895 4 g D.1-N 500.000 Nov. 1 1995
prin & int by Met St fly eel Guaranty Trust Co. of New York. Trustee.ROAD.—Track owned Is 1.05 miles.—V. 87, p. 166; V. 90, p. 1675.(10) New York & Harlem RR.—Underground electric railroad.ORGANIZATION.—Chartered April 23 1831. Owns also a steam road
leased to New York Central. Its securities, which cover the electric roads aswell as the steam line, being described under the title New York & Harlemamong steam railroads in our "Railway and Industrial Section." In July1899 the Metropolitan Street Railway Co. bought from the New York &Harlem the car-stable properties at 32d Street and Fourth Avenue and at86th Street and Madison Avenue for $1,350,000. V. 69, p. 180, 542, 591.The electric (formerly horse) lines (19.52 miles of track) were leased to
the Metropolitan Street By. for 909 years from July 1 1896 for a rental of$350,000 per annum the first five years and $400,000 per annum thereafter,which is equal to 4% on the $10,000,000 stock; in addition $2,500 is allowedfor organization expenses. V. 62, p. 1088. Rental has been paid up todate. On June 13 1910 Judge Lacombe ordered Metropolitan receivers torepay to the company, out of proceeds of receivers' certfs.. $400,000, forarrears of franchise taxes, which the company itself paid in Nov. 1909 to pre-vent sale of line. V. 90, p. 110, 560, 1614. On Oct. 1 1910 resumed divs.on stock at 3% yearly, having passed divs. due in 1909 and April 1910.V. 91. p. 717. Line operated electrically from March 1898 from City Hallto 135th Street.—V. 88, p. 749; V. 90, p. 560, 1614; V. 91, p. 717.(11) Ninth Avenue RR.—An electric railroad.ORGANIZATION.—Chartered July 29 1859. The road is leased to the
Metropolitan Street Railway Co. for 99 years from March 12 1892. Rental—For first live years, $48.000. which is equal to 6% on capital stock($800.000). and thereafter 864,000-8% on same and $2,500 for organiza-tion expenses. St $800 0n0; par $100; dividends Q-J. Rental dueJuly 1910 paid. Road—Fulton St. to 126th St.; total track owned andoperated, 15.90 miles.(12) Second Avenue RR.—Mostly underground electric.Receivershiv.—In Sept. 1908 Justice Bischoff in Supreme Court appointed
George W. Linch separate receiver in suit by Guaranty Trust Co. to fore-close consolidated mortgage. At midnight on Nov. 12 1908 Mr. Lim%took posession of the property. Dividend on stock due June 1908 wasdefaulted. Default of interest on bonds occurred as follows: 1st (gen.)mtge., Nov. 1 1908; 1st consols, Aug. 11908; debentures, July 11908. TheNov. 1908 interest, however, on the 1st (gen.) mtg. was subsequently paidand subsequent coupons have also been paid. Principal of these bondsmatured Nov. 1 1909, but bonds were extended for a year. V. 89, p. 919.A committee has been formed to protect the interests of the 1st consol. 5%bonds. V. 87, p. 347, 1238. On Sept. 20 1909 Justice O'Gorman in Su-preme Court authorized receiver to issue $500,000 receiver's certIcfiatesat par for improvements. They rank after the 1st (gen.) mtge. V. 89,la. 1224, V. 89, p. 779, 847.
On Aug. 2 1910 Public Service Comm. granted permission to electrify theWorth St. line from Chatham Square to Broadway. V. 91, p. 398.
All transfers between this road and the Metropolitan St. By. have beendiscontinued except at 23d and 34th Sts. V. 87, D. 1301.ORGANIZATION.—Chartered Jan. 21 1853. Leased for length of char-
ter from Jan. 28 1898 to the Metropolitan Street By. at 8% on the stockfor three years from March 1 1898 and 9% thereafter. V. 66, p. 185.All electric except First Ave. branch, and this last also was converted toelectricity down to 59th St. (V. 86, p. 337) in Feb. 1908. which is theterminus of road under its charter.SECURITIES—
1st (gen.) mtge of 1885 __ 1,000 5 M-N 1,280,000 Nov. 1 1910Receiver's certificates 1909_ 6% 500,000 1910Debentures of 1889 1,000 5 J-J 89,000 Jan. 1 1909First cons M gold $7,000,0005 1,000 5 g F-A 5,631,000 Feb. 1 19481898 guar p & I end ee Nl Guaranty Trust Co., ew York, Trustee.Of new first consolidated 5s $1,369,000 are reserved to retire securities of
earlier date. V. 66, p. 900. For mistake of trustees in exchanging some5s of 1009 for consolidated 5s of 1948. see V. 76, p. 854.
Latest Earnings.—See under Metro. St. By. in V. 89, p. 1142.ROAD.—Track operated. 30.02 miles. V. 87, p. 347, 740, 814. 1012,
1238, 1301; V. 88, p. 946, 1198; V. 89, p. 779, 848, 919, 1224; V. 91, p.398. 519.
(13) Sixth Avenue RR.—Underground trolley.ORGANIZATION.—Leased to Metropolitan Street Railway Co. Feb. 1
1892 for 800 years. Rental now $145,000 per annum, which Is 7% on stockand $5,000 for organization expenses (V. 61, p. 925). Stock, $2,000,000;par. $100. An extra dividend of 38% was paid in Aug. 1901 out of proceedsof sale of stable property at Sixth Ave. and 43d St. Rental due Oct. 1910will be paid. The 1 .4% div. on Sixth Ave. RR. stock due April 1 1909 waswithheld by lessor company, on account of franchise tax disputes (V. 88,p. 946), but paid later. Road, including Lenox Ave. branch (track oper-ated),12.06 miles. In Feb. 1899 began operating underground trolley allthe way to Battery Place.—V. 86, p. 53, 109; V. 88, p. 946.(14) Thirty-Fourth Street Crosstown Ry.—Changed to underground elec-
tric In Sept. 1903.ORGANIZATION.—Chartered March 18 1896, being a consolidation of
the 34th Street Railroad Co. and the 34th Street Ferry & Eleventh AvenueRailroad Co. All of the stock of the 34th Street Crosstown Railway Co.is owned by the Metropolitan St. Ry. Interest due Oct. 1910 will be paid.STOCK AND BONDS— Date. Interest. Outstanding. Maturity.
Stock ($100) $1,000,000 First mortgage ($1,000) guar' 1898 5 A-0 1,000,000 April 1 1996
prin and hit by Met St Ry_l Central Trust Co., New York, Trustee.ROAD.—Track owned is 0.95 miles. V. 62. p. 549; V. 71, p. 135.(15) Twenty-Eighth & 29th Streets Crosstown RR.—Horse-cars.On June 28 1908 receivers of Metropolitan St. By. were granted per-
mission to cancel lease and abandon operation of road.Receivership.—Company was to have been turned over to its stockholders
by receivers of the Metropolitan St. By.. but was on Sept. 29 1908 placedin hands of Joseph B. Mayer as receiver, on petition of bondholders com-mittee, with whom a majority of bonds has been deposited. V. 87. P•39, 286, 546, 873; V. 88, p. 376, 1439. Road is to be sold Oct. 3 1910, salehaving been postponed several times. V. 90. p. 448, 628, 850, 1103, 1172,1426, 1556; V. 91, p. 96, 155.ORGANIZATION.—In Dec. 1898 the new air compressor and power-
house were completed, and in Aug. 1899 began using air-motor system ex-clusively. V. 69, p. 283. In May 1901, however, returned to horse cars.Entire stock owned by Met. St. By. Int. due Oct. 1 1908 was defaulted.STOCK AND BONDS— Date. Interest. Outstanding. Maturity
Stock $1,500,000 ($100) - - $1,500,000 First M $1,500.000 (81,000)1 1896 5 g A.0 1,500,000 Oct. 1 1996gu p & lend Met St By e.c*ICentral Trust Co., New York, Trustee.Latest Earnings .—See figures under Metro. St. By. in V. 89, p. 1142.ROAD.—Track operated, 6.77 miles. V. 86. p. 1531: V. 87. p. 39, 286,
546, 873; V. 88, p. 376, 1439; V. 90, p. 448, 628, 850, 1103, 1172, 1426.(10) Twenty-Third Street Ry.—Underground trolley.ORGANIZATION.—Chartered Jan. 20 1872. Leased from April 25 1893
to the Metropolitan Street Railway Co. for the unexpired term of thecharter and for any extensions of the same. Rental is 18% on stock.Rental payment due Aug. 1910 was met.STOCK AND BONDS.— Par. Interest. Outstanding. Maturity.
Stock ($100) $100 18 Q-F $600,000 18 % per an.ROAD.—Ineluding 14th St., Bleecker St. and Canal St. branches, track
owned, 4.54 miles. Rails, 47 to 113 lbs., standard gauge. V. 74, p. 1139.
THIRD AVENUE RA I LROA D.—Underground trolley.Separate Receiver.—On Jan. 6 1908 Judge Lacombe of the U. S. Circuit
Court appointed Frederick W. Whitridge of 59 Wall St., New York, separatereceiver, on application of Central Trust Co. of New York, new trustee of 1stconsol. mtge. In Feb. 1908 receiver's certs. were authorized for severalsubsidiary lines (see below). V. 86, p. 548. On Dec. 21 1909 $2,500,000receiver's certs. were issued to retire a like amount of certs is. ued in 1908(V. 86, p. 1286). On June 21 1910 $1,000,000 receiver's certs. (V. 90, p. 54)falling duo were taken up by payment of $500.000 cash (V. 91, p. 39) andan issue of $500,000 certs. due June 21 1911. Both issues rank after the$5,000,000 first mortgage bonds. See receiver's report on condition ofproperty given in detail in V. 86, p. 1220.
Settlement of Franchise Taxes.—On May 12 1910 Receiver Whitridge paid$660,049 for special franchise taxes, discharging, It is said, the entire obli-gation to the city on this account except $5,000 in dispute. V. 90, p. 1045,1297.Extension.—On Feb. 10 1909 Judge Lacombe granted permission to
Frederick W. Whitridge as receiver of Third Ave. RR. and Union By. Co.to construct and operate a double-track extension of Third Ave. road fromFort George to and along Pelham Ave. In Bronx to Third Ave. and thenceto Southern Boulevard to Zoological Gardens in Bronx Park. Loop atFort George only to be built by Third Ave. RR., remainder by Union By.
Operation over Queensboro Bridge.—Receiver Whitridge on June 8 1910made a contract (approved by Third Ave. RR. bondholders' committeeand by new Third Ave. By. Co.) with the Third Ave. Bridge Co. (a company,formed to construct a road through 59th and 60th sts. and across Queens-boro Bridge to Long Island City), by which the Bridge Co. assigned to himits franchises, and he agreed to construct, maintain and operate the roadof the Bridge Co. till May 1 1920. V. 90, p. 1615.Sold.—On Mch. 1 1910 property was sold at foreclosure for $26,000,000
under the 1st consol. mtge. V. 90, p. 628. On April 22 1910 the ThirdAvenue Railway was incorporated in New York with $16,590,000 ($100)auth. stock (V. 90, p. 1103) with a view to carrying out the plan of re-organization dated Dec. 2 1909. V. 89, p. 1484. See abstract of plan,V. 90, p. 168. On Aug. 2 1910 (final order entered Sept. 16 1910) PublicService Commission, First District, disapproved the plan on the groundsthat (1) the capitalization proposed is not justified by the value of the prop-erty and (2) that it is not within the earning capacity of the same. SeeV. 91, p. 338, and editorial remarks in V. 91, p. 431. Bondholders' com-mittee has appealed. V. 91, p. 718.ORGANIZATION.—Chartered Oct. 8 1853. A cable road from Dec. 5
1893, but in 1899 changed to underground trolley. In Jan. 1900 the electricline between 125th and 162d streets was completed. Owns practically allthe stock of the following: Union Ry., Dry Dock East B'way & Battery.42d Street Manhattanville & St. Nicholas Ave., Yonkers RR.. WestchesterElectric, Southern Boulevabd, Kingsbridge By. and the Bronx Traction Co.Lease.—On April 13 1900 the Metropolitan Street fly Co. took a lease oi
the property for 999 years. For the first four years Third Avenue stockwas to receive only the net Income above expenses and fixed charges; thenext two years 5 %; the succeeding four years 6%; thereafter 7 %. Firstdividend under the lease (1'4 %) was paid on July 30 1904 and dividendsregularly paid Un to Oct. 1007, when default occurred. None paid since.Of the $15.995,800 stock, $7,880,000 was held by the New York City Ry.and the Metropolitan Securities Co.: no Information as to amount now held.STOCK AND BONDS— Date. Interest. Outstanding. Last dicAc
Stock. 340,000,000 ($100) _ F $15,995,800 See text1st mortgage, gold ($1,000) _ _ 1887 5 g J-J 5,000,000 July 1 1937Receiver's certs $2,500,000-._ 1909 6% 2,500,000 Dec 21 1910Receiver's certs $500,000 ____ 1910 500,000 June 21 '11First consol mortgage__ _____ 1900 4 g J-J .37,560,000 Jan. 1 2000• Property sold for $26,000,000 under foreclosure of this mortgage,
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OCT., 1910.1 ELECTRIC RAILWAYS 81
ROAD-Owned (May '08) . Miles.City Hall via 3d Av. to 130th St. 7.03North River to 125th St., E.R. 2.5010th Av., 125th St., to Fort
George 3.75Other track 20.65
Total track 33.93
Miles.Union Railway 85.59Westchester Electric 38.41Yonkers RR 35.09Southern Boulevard 7.87Tarrytown White Plains &•Mamaroneek(sold Nov. 5'09) 23.39
Kingsbridge lty 6.71Bronx Traction 14.11
Controlled but operated sepa-rately-track miles. Total controlled track 252.30
Dry Dock E. B. & Bat. Ry_ _ _ _17.8442d St. Man. & St. Nich. Ave. 23.49 Grand total track 286.23
REPORT.-Receiver Whitridge has furnished the following figures forthe year ending Sept. 30 1909. V. 90. p. 164. No allowance is made forfranchise taxes.
3d Ave. UnionRy 42d81.Ry DryDk.Ry. Total.$ $ $ $ $
Net earnings 803,243Sales of power-less cost. x411,813Rental of equipment__ _ 146,399Interest and miscell_ 17,780
625,786 593,327 254.525 2.278,881 x411,813
146,399871 4,997 1,685 25,114
Total 1,379,235 628,457 598,324 256,190 2,860,207/nt. on funded debt a250,000 100.000 72,000 47,500 469,500Int. on loans & mtges_ 103,814 720 5,000 109,535• Taxes 123,221 90,490 72,402 27,847 313,960Hire of equip. and rents_ 39,552 85,273 62,855 187,681Extraordinary imp., &e_ 78,959 Cr.10,120 9,083 18,710 96,631
Total deductions 555,994 220,642 243,758 156,912 1,177,307Surplus 823,241 405,815 354,566 99,278x1,682.900a This item includes only the interest on the 1st M. 5% bonds maturing
July 1 1937, and does not include interest on the consol. M. bonds of theThird Avenue RR. Co.• Includes car licenses, but not franchise tax.x Not including power furnished Westchester Electric RR. and Yonkers
RR. April 1 to Sept. 30 1909-amounting to $112,386; V. 90, p. 54.-V.88, p. 1501, 1622; V.89, p. 287, 594, 722, 779, 847, 1142, 1282, 1484,1662, 1669; V. 90, p. 54, 164, 168, 373, 560, 628, 1045, 1297, 1615; V. 91,p. 39, 95, 338, 465, 718.
(1) Dry Dock East Broadway & Battery.-Horse and electric road.
RECEIVERSHIP.-Feb. 1 1908, Judge Lacombe appointed FrederickW. Whitridge, already receive. of Third Avenue RR., receiver of this com-pany. Interest due Feb. 1 1008 on the $1,100,000 certificates of indebted-ness has not been paid. V. 86, p. 337. Judge Lacombe in U. S. Circuit Courtin Feb. 1908 authorized issue of $100,000 receivers' certificates. V. 86,p. 546. Up to Sept. 1910 none was outstanding Interest duo June 1910on gen. mtge. bonds has been paid.
Transfers Abolished.-On Oct. 10 1908, at midnight, transfers with theMetropolitan St. Ry. were abolished on the Grand St. Crosstown electricto Canal and Grand Streets and the Avenue B horse-cars.ORGANIZATION.-Incorporated Dec. 8 1863. Control obtained by
Third Ave. RR. Aug. 23 1897 (V. 65, p. 194). which owns $1,196,900 of thestock, $1,170,000 of which was pledged under the 50 million dollars ThirdAve, mortgage. In Jan. 1908 began operating Grand St. line by electricity
SeGeneral mortgage, gold, 1892{1,000 5 g J-D 950,000 Decle textl932
Farmers' Loan & Trust Co., Trustee.Cert. of debt not subj. to call 100 5 F-A 1,100,000 Feb 1 1914Notes payable Feb. 1 1908 1,919,202
ROAD.-17.64 miles of track, 117 cars, 5 sweepers and 4 snow plows.REPORT.-See above.INDEX.--V. 67, p. 952; V. 86. p. 337, 546, 1224; V. 87, p. 1010.
(2) Forty-second St. Manhattan ville & St. Nicholas Ave. Ry -A horseroad, but Nov. 11 1900 changed to electricity.
iteceiverstup.-On Feb. 1 1908 Judge Lacombe In the U.S. Circuit Courtappointed Frederick W. Whitridge, already receiver of the Third AvenueRR receiver of this company. V. 86, p. 337. In Feb. 1908 he authorizedthe issue of $200,000 receivers' certificates V. 86, p. 547. Tip to Sept.1910 none had been issued. Int. due Sept. 1 1010 on 1st mtge. bondswas paid. Nothing is being paid on 2(1 mtge. Os-most of which arc heldby the company
Foreclosure -On Aug. 3 1909 Judge Lacombe granted application ofUnion Trust Co. for a foreclosure under 2d or income mtge. V. 89, p. 348;V. 90, p. 1613. Foreclosure sale to take place Nov.16 1910, having beenpostponed several times. V. 89, p. 1482; V. 90, p. 54, 372, 771, 1170,1125, 1675; V. 91, p. 443, 518, 790.On Aug. 13 1910 Judge Lacombe granted permission to build a loop at
Manhattan St., 129th St. and Fort Lee Ferry, costing about $35,000, torelieve congestion. V. 01, p. 463. This Is included in decree for sale ofroad.ORGANIZATION.-Chartered Aug. 29 1878. In Nov. 1895 control
Was purchased by the Third Avenue RR. See V. 61, p. 928.In Dec. 1899 began to use underground electric system from Fort Lee
Ferry to the Boulevard, thence to Fifty-ninth Street.Of the stock. $2,469,800 was pledged,as security for the 50-million Third
Ave. mtg.; of the $1,500,000 20 mtg. Incomes, $743,000 are owned by theThird Ave. RR., of which $357,000 deposited under the Third Ave. mtg.STOCK AND BONDS- Par. Interest, Outstanding. Maturity,
Interest at Union Trust, N. Y. CIty,Trustee2d mtg Inc 6s, 1885, $1,- 51,000 6% as earned 1,600,000 Jan 1 1015
600,000 Union Trust Co., N. Y., Trustee.Real estate mortgage 5% 100,000 See textLoans payable June 30 1908_ 8,291,754 Bonds.-The real estate mortgage is all owned by the Third Ave. RR.ROAD.-2.1.49 miles of track, 148 cars, 2 snow plows and 2 sweepers.REPORT.-See above.-V. 86, p. 337, 547, 1224; V. 89, p. 348, 1482;
V. 90, p. 54, 372, 771, 1170, 1425, 1613, 1675; V. 91, p. 463, 518,790.
(3) Union Railway of New York.-A trolley road.Receiversaip.-On March 31 1908 Judge Lacombe appointed Frederick W
Whitridge receiver. V. 86, p. 858, 920. Interest due Aug. 1910 on 1stmtge. bonds was paid, as was interest due July 1910 on Southern Boulevardand Westchester Ry. bonds.
Receiver for Subsidiary Companies.-fleccIvers were in Jan. 1908 ap-pointed by Supreme Court Justice Isaac N. Mills in White Plains for theWestchester Electric By., the Tarrytown White Plains & Mamaroneck RR.and the Yonkers RR. V. 86, p. 230.Five-Cent Fare Ordered.-In Oct. 1908 Judge Lacombe ordered the re-
ceiver to run cars to 242d St. for a single 5-cent fare, making the best termspossible with the receiver of the Westchester Electric By. See V. 87, p.1161.Extensions to Be Built -See under Third Avenue RR. On Sept. 6 1910
Judge Lacombe authorized another extension in the Bronx to cost about$65,000. V. 91, p. 655.ORGANIZATION.-Operates from 129th St. and 3d Ave. through
the Borough of the Bronx, and with subsidiary lines continuing thence toand through Mt. Vernon.
In Dee. 1899 accepted the terms proposed by Board of Estimate for theKingsbridge RR. franchise, which are 4% of gross receipts for the first 5years, 8% for the second, 8% for the third and 10% thereafter. The fran-chise is for 25 years, with privilege of renewal under certain conditions foranother 25 years. At the end of the term the city acquires the property,paying for it in accordance with definitely prescribed rules for fixing itsvalue. V. 89, p. 1248. Work on this line was begun in July 1901 andcompleted In 1002. Runs from Amsterdam Ave. and 162d St. to Broadwayand 221st Street, making 6.71 miles additional. Entire stock owned.STOCK AND BONDS- Par. Interest. Outstanding. Last dtv., cte
$Stock $100 2.000,000 1st snort., 1892, gold 1.000 5 g F-A 2,000.000 Aug. 1 1942
Int. Is payable at Cent. Trust Co., N. Y. CityNotes payable June 30 1908, $8,272,502.Guaranteed Loans-
wench. 1st M., gu., p. & 1.1 1.000 5 g 500,000 July 1943gold, 1893Mercantile Tr. Co., N. Y., Trustee.
Southern Boulevard RR. 1st. 5 g 250,000 July 1 1945gold, 1805 -Central Trust Co., N. Y.. Trustee.
ROAD.-Main line and branches, Including second track. 85.59 miles.REPORT.-See above.-V. 70. p. 77. 481; V. 86. p. 858, 920. 1227;
V. 87, p. 1161; V. 90, p. 1297; V. 91, p. 655.(4) Tarrytown White Plains & Mamaroneck (Electric) Ry.-Trolley.Sold.-Road was sold in three sections Nov. 5 1909, two sections, com-
prising 213i miles, extending from Mamaroneck to Tarrytown and fromWhite Plains to Scarsdale, being bid in on behalf of the N.Y. N. H & H•.It is understood, and the third section from Mamaroneck to Larchmont.2 miles, was purchased in behalf of the Third Avenue RR. bondholders'committee. V. 89, p. 1282. The Westchester Street RR. has been formedto take over the first two sections and the Shore Line Electric RR. hasbeen incorporated to take over the third section. V. 89, p. 226, 919, 1282,1484.(5) Yonkers Rallroad.-A trolley road.Receivership.-On Jan. 20 1908 Supreme Court Justice Isaac N. Mills
made Leslie Sutherland of Yonkers temporary receiver. V. 86, p. 230.In July 1908 Public Service Commission sanctioned an Issue of $65,000 re-ceiver's certificates for purchase of new cars. V. 87, p. 98. In May 1909receiver was authorized to issue $100,000 more certificates; int. not toexceed 6%; payable in not less than 2 years, for reconstruction pur-88, p. 1199.
ORGANIZATION.-The Union By. guarantees the $1,000,000 bonds,p. and I.. this guaranty being accepted by the Third Ave. RR. V. 87.p. 63. Interest due Apr. 1 1910 on 1st mtge. bonds was paid. V. 86,0.858.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Receiver's certificates 1908 65,000 Receiver's certificates 1909 100,000 See text.Bills payable June 30 1906_ _ _ 973,150 ROAD.-Owns 35.09 miles of track.-V. 71, p. 30; V. 86, p. 230, 858:
V. 87, p. 98, 937; V. 88, p. 1199.
(6) Bronx Traction Co.-A trolley road.ORGANIZATION.-Incorporated on May 12 1904, and is a consolidation
of several small companies. See V. 78. p. 2333. Entire stock owned byUnion Ry.STOCK AND BONDS- Dale. Interest. Outstanding. Maturity
Stock $585,000 ($1001 _______ $58 100 ROAD.-Operates 14.11 miles of track from Bronx River by West Farm
Road to Westchester Village; from Bronx River by Southern WestchesterTurnpike to Westchester Village; from Main Street, Westchester Village.to Eastern Boulevard. and from West Farms Road to Bleecker Street.Standard gauge; 109-lb. rails.OFFICERS.-Pres.. Edward A. Maher; Sec. and Treas., Reune Martin;
Supt., Jas. Carrigan. V. 78. p. 2333.
WESTCHESTER STREET RR.ORGANIZATION.-Incorporated in New York on Dec. 1 1909 with
$1,000,000 capital stock, as successor to the Tarrytown White Plains &Mamaroneck By. sold at foreclosure (V. 89, p. 1282) in three sections, twoof which form the road of this company. It is understood control is heldby the N. Y. N. H. & H. RR, V. 89, p. 1484. In Feb. 1910 applied toPub. Service Comm. for authority to issue $900,000 stock and $347,000bonds. V. 90, p. 504. Up to Sept. 1910 application was still pending.Road 21.37 miles, extending from Mamaroneck to Tarrytown via WhitePlains. Standard gauge. 70-lb. and 107-lb. rails. Earnings for 3 mos.ending March 31 1910, gross, $36,018; net after taxes, $2,220. Pres.,H. A. Fabian; Sec., J. G. Parker; Treas., A. S. May.-V. 90, p. 504.
NEW YORK CITY INTERBOROUGH RY.-A trolley road.ORGANIZATION.-Incorporated in New York on March 24 1902, in
the interests of the Interborough Rapid Transit Co..
to build an extensivesystem of feeders for the subway and elevated lines in the Bronx, and toafford street railway connections across the Harlem River bridges. OnFeb. 4 1910 Pub. Ser. Comm. granted authority to abandon a portion ofthe routes. V. 89, p. 1542.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $5,000,000 ($100) _ $5,000,0001st mortgage, $5,000,000 1905 4 g M-N 1,500,000 1928sinking fund, gold Int. at U. S. Mort. & Tr. Co., N. Y., Trustee.ROAD.-Operates 8.60 miles of double track from Broadway and 181st
St. across Washington Bridge and various streets and avenues in the Bor-ough of the Bronx; also across Central Bridge to 155th St. and 8th Ave.Put In operation May 31 1906. Possesses franchises for about 16 miles ofadditional double track. (About 4.25 miles of this has been constructed.)See description of road In V. 82, p. 1269, 869. Three-cent transfers are ex-changed with the Subway system and the Manhattan Elevated Road.OFFICERS.-Pres., Alfred Skitt; Sec.. H. M. Fisher; Treas., J. H.
Campbell. V. 82, p. 869, 1269; V. 87, p. 38, 286; V. 89, p. 1542.
NEW YORK WESTCHESTER & BOSTON RY.-To be an electric road.Control is held by New York New Haven & Hartford.ORGANIZATION.-Incorpotated on Atwell 20 1872 and in 1875 went
into the hands of a receiver, where It continued until Dee. 1903, when newInterests succeeded to control. See V. 78, p. 343. The franchise to operateIn New York City was signed by Mayor McClellan on Aug. 2 1904. V. 79,p 628. In Dec. 1909 Public Service Comm. granted permission to consoli-date with the New York & Port Chester RR. and to abandon such portionsof proposed routes of the two corporations as are not necessary to form onecontinuous route on proposed line. V. 89,
p. 1597. On Jan. 18 1910
consolidation was effected. under the name of the New York Westchester &Boston By., with $5,000,000 stock. V. 90, p. 237.On Nov. 20 1908 the Board of Estimate granted application of company
to change its route in order to connect with New Haven road, to operateline by overhead trolley and to extend time in which to complete portion ofroad lying within city limits; until Aug. 1911 is given to build road fromcity boundary to 174th St. and until Aug. 1913 from 174th St. to HarlemRiver. V. 87, p. 1421On Aug. 2 1910 applied to Pub. Serv. Comm., 2d Dist., for permission
to issue $5,000,000 1st mtge. bonds to build the White Plains branch.V. 01, P. 337.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
gold ($1,000) c•J Knickerbocker Trust Co., N. Y.. Trustee.Bonds.-Subject to call at 110 and interest.BOA D.-is to build a line of four tracks 22.22 miles in length from 138th
St., New York City, to Portchester, with a branch from Pelham via MountVernon and Scarsdale to White Plains, 13.21 in., and a branch of 6.06 m. toClason's Point and Throgg s Neck, making (with four and three tracks) atotal of 108.93 miles of track. Will be operated by electricity and havefenced-in private right of way with no grade crossings. 90-lb. rail. Forfull description of proposed road, see V. 79, p. 501.OFFICERS.-Pres., Leverett S. Miller, N. Y.; V.-P., Thomas D.
Rhodes; Treas., Augustus S. May; Sec.,
John G. Parker.-V. 85, p. 794,1144; V. 86, p. 109, 169; V. 87, p. 415. 480, 936. 1421: V. 88, p. 507. 1128;V. 89, p. 1597; V. 9C, p. 237, 914: V. 91, p. 337.
FEDERAL LIGHT & TRACTION CO.OlLGANIZATION.-Incorporated in 1910 in New York. Holds a con-
trolling interest in the following companies operating gas, electric lightingand traction properties located In the cities mentioned in titles:Grays Harbor By. & Lt. Co., Aber- Albuquerque (N. M.) Gas, Elec. Lt.deen, Wash. (V. 86, p. 420.) & Power Co. (V. 84, p. 997.)
Sheridan (Wyo.) Elec. Lt. & P. Co. Las Vegas (N. M.) Lt. & Power Co.Rawlins (Wyo.) Elec. Lt. & Fuel Co. Las Vegas (N. M.) Transit Co.Montrose (Colo.) Elec. Lt. & P. Co. Tucson (Ariz.) Gas, Elec. Lt. & Pow.Hobart (Okla.) L ght & Power Co. CoAlbuquerque (N. M.) Elec. Pow. Co. Tucson (Ariz.) Rapid Transit Co.Arrangements have been made for acquisition of all underlying bonds,
except those of Grays Harbor By. & Lt. Co. See description of propertiesin V. 90, p. 1490.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $5,500,000 ($100) _ $4,500,000 Pref $5,500,000 6%cum($100) 2,500,000 Sept. 10,134Grays Harbor By & Light} 1906 6 g A-0 500.000 April 1 1936
First mortgage $500,000 Interest at Citizens' Say. & Tr. Co., Cleve.,gold ($1,000) c• Trustee, or First Nat. Bank. New York.
Tuscan Rap Tran mtge 8,500
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82 ELECTRIC RAILWAYS [VoL.,Lxxxxi.
Bonds.-A sinking fund on Grays Har. By. & Lt. bonds sufficient to re-tire 2% of the bonds annually at 105 and interest begins April 1 1911.Bonds are subject to call on any interest date upon 60 days' notice at 105and interest. See V. 83, p. 155.
Dividends.-InItlal div., 1 %%, paid on pref. Sept. 1910.EARNINGS.-Of controlled properties for 7 mos. ending July 31 1910
and 1909: In 1910, gross, $420,370; net, $168,807. In 1909: Gross,*378,902; net, $129,370.ROAD.-Controlled properties operate 21 miles of track.OFFICERS.-Pres., W. S. Iliff; V.-P., Edwin N. Sanderson and Craig
Colgate; Sec., H. Hobart Porter; Treas., Harvey N. Wadham; Asst. Sec.,Richmond Talbot; Asst. Treas., A. Seaton .Post Jr.; Gen. Mgr., Chas, K.Durbin.-V. 90, p. 1490; V. 91, P. 38. 336.
NEWBURGH, N. Y.ORANGE COUNTY TRACTION CO.-Trolley.In Sept. 1906 control changed hands and new officers elected as below
V. 83, p. 688.ORGANIZATION.-Organized Oct. 16 1901 and acquired the Newburgh
Electric By. Co., sold under foreclosure. The Newburgh Electric 1stmortgage bondholders and the Walden & Orange Lake RR. and the New-burgh & Orange Lake RR. agreed to a reduction in their Interest from 6%to 5%. See V. 73, p. 138. In May 1904 State Railroad Commissiongranted permission to make a new mtge. for $100,000 for improvements.In July 1908 Public Service Comm. granted permission to issue four notesof $25,000 each to refund obligations amounting to $100,000. The $100,-000 new mtge. Is deposited as collateral for the notes.In May 1910 Pub. Service Comm. granted authority to make a mtge.for
*750,000 and to Issue thereunder $233,800 for additions, improvements &c..and $425,000 to refund the 3 Issues of bonds outstanding below. V.90, p.1425.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $150,000 ($25)_ *150,000 Pf, $175,000 6% n-cum ($25)- 175,000 First and refunding mortgage,), 1910 5% (1) 50 years
$750,000 jUnion Trust Co., Albany, trustee.Newb Elec 1st M ($250,000), 1894 5 g M-N 250,000 May 1 1944
gold ($500), not sub to call Int. at Knick. Tr. Co., Trustee, N. Y. City.Walden & Orange Lake 1st 1895 5 g J-D 100,000 June 1 1945mtge, gold, guar p & L Int. at Hamilton Trust Co., Brooklyn.
Newb & Orange Lake 1st 1894 5 g J-J 75,000 July 1 1944M, gold ($500), p & I gu_c* Int. at Knick. Tr. Co., Trustee, N. Y. City.
New mortgage, $100,000, gold 1904 5 g A-0 See text. Apr 1 1924ROAD.-Owns 18.95 miles of track, 45 passenger and 10 other cars.OFFICERS.-Pres., B. B. Odell Jr.; V.-P., A. L. J. Miller; Treas., H. B.
Odell; Seo., W. G. Taggart; Gen. Mgr., Frederick S. Berry.-V. 83. p.888:V. 90, p. 1425.
NEWBURYPORT, MASS,MERRIMAC VALLEY ELECTRIC CO.-A holding company.ORGANIZATION -Organized in Feb.1907 and owns 2,200 out of 2.400
shares of the Citizens' Electric Street Ry.; 329 out of 400 shares of SalisburyLand & Improvement Co., and entire 100 shares of Salisbury Beach Cor-poration stock. The Haverhill & Amesbury St. Ry., formerly owned,was in 1909 sold to the New Hampshire Elec. Rye. Co.STOCK.- Date. Interest. Outstanding. Maturity.
Common 31.000,000 ($100) *892.900 Pref 5 % cum $825,000 ($100) _ 417.200 1909.5%Dividends.-On pref. stock in 1907. 234%; in 1908, 5%; in 1909, 5%.OFFICERS.-Pres.. James F. Shaw; Treas., George A. Butman.-V.
84. p. 450.
(1) Citizens' Electric Street Ry.-Trolley.ORGANIZATION.-Incorporated in April 1899 and purchased franchises
and property of the Newburyport & Amesbury RR. and Plum Island StreetRy., and reconstructed the property.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $240,000 ($100) _____ J-J $240,000 Jan '10,254 %First mortgage $230,000 goldt 1900 5 g J-D 230,000 Dec. 1 1920
'lint. at State Street Tr. Co., Boston, Trustee.Bonds.-Are subject to call.EARNINGS.-For year ending June 30 1910, gross, $65,577; net, $19,-
172; Interest and taxes, $21,957; deficit, $2,785.ROAD -Operates 14 miles of track from Newport to Bristol Ferry,
where connection is made by ferry to Providence; 79 and 90-113. T andgirder rail. 12 cars.OFFICERS.-Pres., Edward A. Brown, Newport; Treas., Geo. E. Ma-
comber, Augusta, Me.; Supt., Geo. M. Towle, Newport.-V. 72, p. 44.
NEWTOWN, PA.BUCKS COUNTY ELECTRIC R Y.-A trolley road.ORGANIZATION.-Organized in Pennsylvania Feb. 20 1908 as a con-
solliation of the Newtown Railway Co. and the Newtown Langhorne &Bristol (Trolley) Street By. Co. Operates Newtown El. Lt. & Power Co.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity
Common $400,000 ($50) $409,000 1st mtge $500,000 (31 ,000)) 1008 5 g M-N 500,000 Novi 11)37
gold red 105 and int__ c*jInt. at Nor. Trust Co., Phila.. Trustee.EARNINGS.-For year ending June 30 1910, gross, $67,326; net, $17,-
518ROAD.-Operates 26.54 miles between Bristol and Doylestown, Pa.OFFICERS.-Pres., Frank Battles; V.-P. & Gen. Mgr., W. H. Janney;
Sec. and Asst. Treas., J. L. Richter: Treas., H. H. Harrison.-V. 88, p. 51.
NIAGARA FALLS, N. Y.NIAGARA GORGE RY.-Blectric.ORGANIZATION.-Incorporated in New York June 3 1809 as successor
to the Niagara Falls & Lewiston, sold at receiver's sale May 23 1899. Ex-tends from Onondaga St., Lewiston, along the bank of the Niagara Riverto the city of Niagara Falls. Was formally opened July 1 1899. Also con-trols the franchises of the Buttery Whirlpool Rapids Co., the NiagaraRapids View Co. and the Niagara Whirlpool Rapids Elevator Co. Hasagreement with the Niagara Falls Park ec River Ry. Co. allowing cars of theGorge road to run over that company's lines across the arch and Suspensionbridges to Table Rock and Dufferin's Island. Leases the Lewiston &Youngstown Frontier RR. and in 1907 acquired a majority of the stock ofthat line.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $1,000,000 ($100) $1,000,000First mortgage 31,000,0001 1907 5 g J-D 949,000 June 1 1927($1,000) gold c&rj Int. at Commonwealth Tr. Co.. Buffalo, Tr.ROAD.-Owns 14.7 miles of track from Niagara Falls to Lewiston, and
leases Lewiston & Youngstown Frontier Ry., 8.7 miles; trackage rights, 2miles; total operated, 25.43 miles; 42 pass. cars, 4 service cars and 1 snow-plow.
EARNINGS.-For fiscal year ending June 30 1909, gross, $166,109; net,$78,577; charges, $57,147; surplus, $21,430.OFFICERS.-Pres., Jos. T. Jones; V.-P., Herbert P. Bissell; Sec., Rob-
ert E. Powers; Treas. and Gen. Mgr., Bert L. Jones; Aud., E. H. Budden-hagen, all of Buffalo.-V. 68, p. 332, 1077, 1133; V. 84, p. 868.
(1) Lewiston & Youngstown Frontier Ry.ORGANIZATION.-Chartered Aug. 1895. Owns from Lewiston to
Youngstown, 7.3 miles; completed in Aug. 1896; branch to Rumsey Park.1 mile; sidings, .2 miles; trackage, .2 miles; total, 8.7 miles.
Is leased by the Niagara Gorge RR., which also owns a majority of itscapital stock.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $150,000 ($100) _____ $134,000 First mortgage, 3150,000,1 1896 6 g J-D 150,000 June 1 1926($1,000), gold enInt. at Buffalo L., T. & S. D. Co., Buff., Tr.
NORFOLK, VA,CHESAPEAKE TRANSIT CO.-Has been absorbed by Norfolk & South-
ern. See latter in "Railway and Industrial Section."
NORFOLK & PORTSMOUTH TRACTION CO.-A trolley road.ORGANIZATION .-Incorporated under Act of the General Assembly
of Virginia, approved Feb. 20 1900, and March 29 1902, as the NorfolkPortsmouth & Newport News Co., and was formed by consolidation of thePort Norfolk Electric Railway Co., the Portsmouth & Smithfield RailroadCo. and the Portsmouth Pig's Point & Newport News By., Ferry & HotelCo. By agreement of merger and consolidation which became effectiveApril 23 1906. the Berkeley Street Railway Co. and the Old Dominion Rail-way Co. were merged into the Norfolk Portsmouth & NewportNews Co., and the corporate existence of the last-named company was con-tinued, and Its name changed to Norfolk & Portsmouth Traction Co., underwhich name it became vested, with all the charter powers, property andfranchises of the three merging companies. This company has also ac-quired toe Suffolk Light & Ice Co. and has leased the Norfolk Railway &Light Co. for 99 years from Juno 1 1906, under terms given in that com-pany's statement below. It also owns the entire ($500,000) capital stock ofthe Norfolk & Atlantic Terminal Co. with a mileage of 1823 miles, and theentire capital ($100,000) stock and ($1,000,000) bonds of the Norfolk &Ocean View Railway Co. (a reorganization of the Bay Shore Terminal Co..Incorporated In 1900), with a mileage of 19 miles Controls by ownershipor lease the following properties. The ferry to Newport News, withtwo steamboats; the ferry to Old Point Comfort, with two steamboats;the City Gas Company, with unlimited franchises. Bonds are listedon the Philadelphia, Baltimore, Pittsburgh and Boston stock exchanges.V. 83, p. 492. Franchises for street railways in Portsmouth expire in 1926,1927 and 1932. Street railway franchises in Norfolk expire in 1944. Theelectric lignting franchise in Suffolk expires in 1916.On June 27 1910 shareholders ratified a plan for raising a cash fund of
31,800,000 with which to pay unfunded debt, including 6% cony. notes,and to provide for improvements and additions. Shareholders surrendered36 their holdings of stock (all common), thereby reducing same to $3,000,-000, and subscribed at 60 for an issue of $3,000,000 5% cum. pref., redat 110 and accum. divs. Sec plan V. PO, p. 1925.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $6,000,000 ($100) - $6,000,000 First mortgage, 38,000,000,1 1906 5 g J-D 5,351,000 June 1 1936
gold ($1,000) eslInt. at Trust Co. of North Am., Phila., True.Convertiblel
.ooogold gnootes 31,800,0001 1008 6 g M-S 272,000 See text.s
f Int. at Baltimore Trust & Guar Co., Trustee.Bonds.-All underlying liens of the subsidiary companies have been
retired with the exception of the bonds of the Norfolk & Atlantic TerminalCo. The unissued first mortgage bonds of 1906 may be Issued for acqui-sitions, extensions and Improvements, but not over $500,000 In any oneyear. A sinking fund of 36 % per annum of outstanding bonds commenceson June 16 1916 which is to be invested in the bonds. Are subject to callat 110 and interest on any Interest date upon 60 days' notice. $689,000of notes of 1908 are in the treasury. The notes thus far issued mature$475.000 March 1 1911 and $486,000 March 1 1912; the notes can becalled any interest period in any amount at par; collateral for notes($961,000) consists of $286,000 Norf. & Portsmouth first mtge.; $600,000Norf. & Ocean View 1st mtge. and $500,000 Norf. & Ati. Ter. gen. mtge.bonds; also 642 shares City Gas Co. stock and entire 5,000 shares Norf. &Atl. Per, stock. The unissued notes can be issued only upon deposit ofadditional collateral. They may be converted at option of holder Into Norf.& Portsm. Trac. 1st mtge. or Norf. & Ati. Per. gen. mtge. bonds on thebasis of par for notes, 90 and int. for Norf. & Portsm. bonds and 85 andInterest for Norfolk & Atlantic Terminal bonds; V. 86, p. 1410, 1530;$497.000 have been retired.REPORT.--Por calendar years of Norfolk & Portsmouth Traction Co.
and allied companies, see report for 1909 in V. 90, p. 1421. Passengers car-ried in 1909 were: Fare passengers, 20,792,935; free passengers, 614,743;transfers, 1,819,618; total, 23,227,296, against 20,5351,991027.1n 1908,32.316.-166 In 1907 and 20,088,237 in 1906
Net Income 3809,713 $773,584 $958,520 $605,833Fixed charges 775,139 790,630 704,808 501,556a Extraordinary expenses 126,507 12,033
Surplus $34,574 def.317,046 $127,205 $92,244• Other additions to Income. a Include deductions for depreciation and
extraordinary expenditures incident to Jamestown Exposition service.ROAD AND PLANT.-Operates about 138 miles of track (including
Norfolk Railway & Light Co.) in Norfolk, Portsmouth and Berkley, in-cluding the Norfolk & Ocean View By. Co., the Norfolk & Atlantic TerminalCo., furnishing a line from Norfolk to Sewell's Point, where connection ismade by ferry to Newport News. Has 249 cars. A new power house with10.500 k. w. capacity was constructed in 1907. Sept. 1010 was supplying188,705 incandescent lamps, 1,223 tungsten lamps, 2,469 arc lamps and7,644 h, p. motors.OFFICHRS.-Pres.. John Blair NfacAfee. Philadelphia: 1st V.-P.. Frank
0. Briggs; 2d V.-P., G. M. Serpell; Sec. & Treas., W. J. Kehl; Gen. Mgr.,E. C. Hathaway.-V. 86, p. 1225. 1339 1344, 1410, 1530; V. 88. p. 883.1197, 1250, 1254; V. 90, p. 1421, 1425, 1614; V.91, p. 95.(1) Norfolk Railway & Light.Lease.-Was leased on June 1 1906 to Norfolk & Portsmouth Traction Co.
for 99 years, lessee to pay as rental (in addition to all fixed charges) onJune 1 1908, Dec. 1 1906 and June 1 1907, 318,500 on each date; Dec. 11907 and June 1 1908, $24,750 on each date; Dec. 1008, June 1909, Dec.1909 and June 1910. $33,000 on each date; Dec. 1910, June 1911, Dee. 1911and June 1912, 341,250 on each date; Dec. 1912 and thereafter, $40,500on each June 1 and Dee. 1. V. 82, p 1323.ORGANIZATION.-Incorporated in Virginia on Nov. 2 1899 as a con-
solidation of the following. Norfolk Street RR., Norfolk & Ocean View By.,Virginia Electric Co. and the Berkeley Light & Power Co Own entirestock of the Norfolk Light Heat & Power Co. Street railway franchisesexpire in 1944, except a small portion of mileage in Norfolk, which expires in1934. Electric light franchise expires in 1930. The company controll thestreet railway, electric lighting and power business of the city of Norfolkand owns a line of railway and steamers to Old Point Comfort; also owns4,011 shares out of 5,000 shares of the stock of the City Gas Co. of Norfolk:remaining 089 shares are owned by the Norfolk & Portsmouth Traction Co.On Aug. 30 1904 the City Gas Co. purchased the Berkeley Gas Co. V 79p. 988. Stock is listed on the Philadelphia Stock ExchangeSTOCK AND BONDS- Date. Interest. Outstanding, Maturity.
Stock, $1,850,000 ($25) $1.650,000 Juno '10, 2 %Norfolk City first mortgage, 1888 ti g J-J 125,000 Jan 1 1913
gold (31,000) c Int. at Mercantile Tr, Co., N. Y. City, Trust.Virginia Electric Co first mtge 1898 5 A-0 20,000 April 1 1928$500,000, gold ($1,000)...._ Int. at U. S. Mtge. & Tr. Co., N. Y., Trustee.
Norfolk Street first cons mtge, 1898 5 g J-J 915,000 Jan. 1 1944$1,000,000 gold ($1,000) _el Int. at Mere. Tr. & Dep. Co., Balt., Trustee.
Norfolk By & Lt first cons M 1809 5 g M-N 2,940,000 Nov. 1 1949$4,000,000,g($1,000) f_..c• Int. at International Tr. Co.. Baltimore, Tr.
Car equipment certificates_ - - - - 5 12,500 See text.
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OCT., 1910.1 ELECTRIC RAILWAYS 83
Bonds.-Of the first consol. mtge., $1,060,000 is reserved to retire out-standing bonds. Sinking fund began Nov. 11901), and provides for the pur-chase of 1% of outstanding bonds each year at 110 or less. See V. 70, p.584.The car equipment certificates mature $2.500 annually to June 1 1915.ROAD AND EQUIPMENT.-Owns 55.80 miles of track. Gauge, 5 ft.
2 In. and 4 ft. 8 In.; 60 to 90-lb. rails. Owns 2 steamers which operate
to Old Point Comfort, and extensive real estate and buildings at OceanView, including large hotel, theatre, pavilion, restaurant, &c.OFFICERS.-Pres., R. Lancaster Williams; 1st V.-P., Caldwell Hardy;
2d V.-P., E. C. Hathaway; Sec. & Treas., W. J. Kehl.-V. 81, p. 508; V.
82, p. 752, 1041, 1323.
(2) Norfolk & Atlantic Terminal Co.ORGANIZATION.-Organized in Virginia. Entire $500,000 stock and
$500,000 (total amount out) gen. mtge. bonds are owned by Norfolk &Portsmouth Traction Co. Franchise in Norfolk 35 years from 1895.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock $500,000 See text First mortgage, $500,0001 1899 5 g M-S $500,000 Mch. 1 1929
gold 'Interest at Alex. Brown & Sons, Baltimore.General mortgage $2,000,0001 1908 5 M-S See text Mch. 1 1938($1,000) guar p & I gold_c• 'Int. at Real Estate Trust Co., Phila.,TrusteeBonds.-The general mortgage bonds are guaranteed, principal and inter-
est. by Norfolk & Portsmouth Traction Co. $500,000 are reserved to retire
first mortgage bonds, and remaining $1,000,000 for extensions. Improve-ments and, acquisitions. Subject to call on any int. day at 105 and Int.
on 60 days' notice. Sink. fd.of 34% of outstanding bonds is payable semi-ann. beginning March 1 1918, and bonds may be drawn at 105 and int.EARNINGS.-Included in statement for Norfolk & Portsmouth Trac.ROAD.-Runs from Norfolk to Sewell's Point, connecting there by ferry
with Newport News. Total mileage of track, 20.16. 80-1b. rall.-V. 88.D. 1254.
NORTH ATTLEBOROUGH, MASS.INTER-STATE CONSOLIDATED STREET RV.ORGANIZATION.-Organized as successor in Massachusetts to the
Inter-State Consolidated of Rhode Island. In a statement to the Massa-chusetts Legislature in Feb. 1909 by the N. Y. N. H. & II., allusion ismade to the Rhode Island Company (a New Haven auxiliary) having anInterest in "the earnings and indebtedness" of this company. See V. 88.p. 506. Has permission to carry freight.STOCK AND BONDS- Date. Interest. Outstanding. Last Div.
Stock, $275,000 (par $100)- $275,000Jne3010,4 %Current liabilities Sept 30 '09 298,060 __ ROAD.-Owns 24.08 miles of trolley track and 1.81 miles sidings, gm.
from Rhode Island State line to North Attleborough and Plainville, Mass-,Hebronville, Dodgeville and Attleborough. Total operated, 25.89 miles.EARNINGS.-For year ending Sept. 30 1909: Gross, $165,941; net,
$34,370; fixed charges, $17,287: dividend, $13,750; surplus. $3,333.OFFICERS.-Pres., L. S. Storrs, Springfield; V.-P. and Gen. Mgr,
H. C. Page, Worcester, Mass.; Clerk and Comp., J. T. Iiarmer, Springfield;Treas., L. Candee, Springfield.-V. 73, p. 236,
NORTHAMPTON, MASS.NORTHAMPTON STREET RAI LWAY.-A trolley road.
ORGANIZATION -Chartered Feb. 26 1873. In Feb. 1908 was grantedpermission to issue 5175,000 additional stock at $110 per share (par $100)to retire floating debt. &c. V.86. p.481.Fares.-In May 1910 Mass. RR. Comm., having decided in Feb. 1909
that the increase in the unit of fare from 5 cents to 6 cents was unreasonableand excessive (V. 87. p. 1605; V. 88, p. 625), approved an increase In cashfares between Northampton and Easthampton to 10 cents, and the discon-tinuance of sale of ticket books between Northampton and Williamsburg.STOCK, BONDS, &c.- Date. Interest. Outstanding. Divs., &e.
Stock, $475,000 (par $100)___ J-J $400 ,000 Jan '09 ,23i %New mortgage, $200.0001 1000 43. J-D 200,000 See text.($10,000) c1Int. at Third Nat. Bank, Pittsfield, Mass.0
Loans & bills payable Sept 1 '10_ _Bonds.-Trustees are Erwin II. Kennedy and Ralph B. Bardwell, both
of Pittsfield. The bonds matured June 1 1910, but are being held over bythe Berkshire Life Insurance Co.
Dividends.-1901, 8%; in 1902, 8 %; in 1903, 8%; in 1904, 6%; In 1005,6%' on Dec 27 1905, 3(4 %; in 1906, 3% %; in 1907, 7%; in 1908, 6%In 1909, Jan., 2 %%. None since.ROAD. -Owns 26.639 miles of track, including extension to Holyoke
and extension from Mt. Tom Junction to Easthampton. Operates 44passenger cars. 4 snow-plows, 9 other cars and 120 electric motors.
ANNUAL REPORT.-For years ending Sept. 30 earnings have been:1909. 1908. 1909. 1908.
Gross $175,277 $171,440 Dividends $7,500 $18,000Net 14,557 50,980 Balance, deficit,Interest, taxes,ece. 29.022 33,201 for year 21,065 212OFFICERS.-President, II. M. Tyler, Northampton; Treas. & Gen.
Mgr., L. D. Pellissier, Holyoke; Supt., Edwin C. Clark, Northampton.-V. 86, p. 481; V. 87, p. 1605, 1664; V. 88, p. 1500: V. 89, p. 42.
CONNECTICUT VALLEY STREET RY.-Trolley.ORGANIZATION.-Incorporated In 1899. Commenced Jan. 22 1900.
Is a consolidation on April 1 1905 of the Northampton & Amherst StreetRy., the Greenfield & Turner's Falls Street Ry, and the Greenfield Deerfield& Northampton Street
Ry.' as per plan in V. 80, p. 1111.
In May 1909 Gov. Draper of Mass. signed a bill authorizing not exceeding$750,000 of mtge. bonds or notes, subject to approval of RR. Corn. V.88, p. 1313. On Oct. 4 1909 approved an issue of not exceeding $700,0005% bonds to refund present outstanding bonded debt and for additions andImiorovements. V. 89, p. 918
In June 1910 Mass. RR. Comm. approved an Issue of $100,000 pref. stock(having voting power) to be olfered In exchange at par for equal amountof 1st & ref. bonds. V. 90, p. 1554; V.91, p.38. On Sept. 11910Comm. ap-proved a further issue of $20,000 pref. and $80,000 additional bonds underNorthampton & Amherst 1st tntge., to retire $100,000 1st & ref. bonds.V. 91, P. 716. STOCKAND BONDS- Date. Interest. Outstanding. Maturity.
Stock, corn., $500,000 ($100). $500,000 1906-07,2%Pref., $120,000 (6% cum.) _ 120,000 Connecticut Valley St Ry first1 1900 5 g M-S 120,000 Sept. 1 1920
mortgage. gold ($1,000)..c* Int. at Old Colony Trust Co., Boston, Trust.Northampton & Amherst first 1900 5 g M-S 180,000 Sept. 1 1920mtge, $180,000 g ($1,000)c Int. at Old Colony Trust Co., Boston, Trust.
Greenfield Deerfield & North) 1903 5 g J-J 150,000 July 11023first mortgage, $150,000, )Int. at Mercantile Trust Co.
' Boston, Trus.,
gold ($1,000 and $500)__c*1 No sinking fund and bonds cannot be calledGreenfield & Turner's Falls 1896 5 g J-D 72,000 June 11915
first mtge, g. sinking fund: Interest at Beacon Trust Co., Boston.Green & Turn Falls cons mtge 1903 5 g J-D 56,000 June 11023$130,000 g ($500.$1,000).0. Interest at Beacon Trust Co.
' Boston. Trust.
Cul rent ilabillties Sept :10 1909 212,742 Bonds.-Greenneld de Turner's Falls first mortgage (originally .1-00,000)
provides for the payment of $2,000 annually from 1897 to 1915, Inclusive, ata premium. Sufficient of the consols is reserved to retire the first mort-gage bonds at maturity. The Northampton & Amherst bonds are suofectto call at 105 on 4 weeks' notice, as are the bonds of the Connecticut ValleyStreet Ity. The $120,000 Connecticut Valley bonds were Issued under thefirst mortgage of the Northampton & Amherst Street Ry., which was origi-nally drawn for $300,000.EARNINGS.-For year ending Sept. 30 1900: Gross, $187,094; net,
$57,132; interest, taxes, &c., $43,367; surplus, $13,765.ROAD.-Owns and operates 47.054 miles of track between Miller's Falls,
Turner's Falls, Greenfield, Northampton and Amherst. 39 passenger cars,2 snow-plows, 5 other cars and 132 electric motors.OFFICERS.-Pres., F. E. Pierce; See. and
Treas.' D. P. Abercrombie.
Jr.; Supt., J. A. Taggart.-V. 88. p. 1313; V. 89, p. 918; V. do, p. 1554;V. '91, p. 38, 716.
NORWALK, OHIO,SANDUSKY NORWALK & MANSFIELD ELECTRIC RV.-A trolley
road.ORGANIZATION.-Private right of way except in cities where fran-
chises run 25 years from 1904.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common 360 .000 Preferred, non-curnu lad ve ------------- -240,000 First mortgage, 5600.000,1 1904 5 J-13 600,000 June 1 1924
gold 3 Int .at Secu ri tySav Ir. &Tr.Co..Toledo ,Trus.Bonds.-liedeemable on any Int. day on 90 days' notice at 110 and int.
Sinking fund 55,000 per annum June 1 1909 to 1913 Inclusive; 1914 to 1918inclusive, 510.0(10; 11)19 to 1923, Inclusive. $20.000.ROAD.-Operates 31 miles of track from Norwalk through towns of
North Fairfield, Steuben, New Haven and Plymouth, to Shelby, whereconnection is made with the suburban lines of Mansfield: also a 2 A milesextension to Chicago Junction. Standard gauge. 70-lb. T rail.OFFICERS.-Pres., Sherman Culp; V.-P., A. M. Stentz; Sec. & Treas..
Geo. S Powley; Gen, Mgr., S. S. Burtsfield.-V. 88, p. 159.
NORWICH, CONE.NORWICH & WESTERLY RY.-A trolley road.Controlled by United Rys. Co. of New Jersey, a holding company, with
address 35 Wall Street, New York.Receivership.-On Sept. 15 1909 United States Senator Frank B. Bran-
degce of Connecticut was appointed receiver, default having occurred Sept. 11909 on first mortgage bonds. A tentative plan, calling for a considerablereduction In fixed charges, has been mapped out. V. 89, p. 666, 721.ORGANIZATION.-Incorporated in Connecticut Oct. 30 1903 and
operates under charters granted both by Connecticut and Rhode Island.STOCK AND BONDS- Dale. Interest. Outstanding. Maturity.
Common, $450,000 $450,000 Preferred, $250,000 6% cum 168,200 First mortgage, 5750,900,i 1906 5 g M-S 750.000 Mch. 1 1936
Loans and notes payable June 30 1910, $247,641.Bonds.-Subject to call at any interest period at 115 and interest.EARNINGS.-For year ending June 30 1910, gross, $80,660; net, $21.-
514; charges, $46,952; deficit, $25,438.ROAD.-Operates 24.340 miles of track, Including sidings, from Nor-
wich. Conn. via Poquetanuck, Haliville, Shew\ ille, North Stonington andWhite Rock, to Westerly. R. I. Private right of way except throughtowns. Leases 4.172 miles, incl. sidings, between Westerly and. AshawaY.Total track operated, 28.512 miles. 70-lb. rails, 8 passenger cars. 27other cars.OFFICERS.-Pres., A. E. Locke;
Sec., Charles D. Noyes; Treas., H. P.
Phelps.-V. 82, p. 1497; V. 86, p. 920; V. 89, p. 666, 721.
PAWCATUCK VALLEY STREET RV.Controlled by United Railways Co. of New Jersey.ORGANIZATION.-In March 1908 control was purchased from the
Westerly Light & Power Co. by the United Railways Co. of New Jersey, aholding company controlling Norwich & Westerly Ry. and other Conn.properties. V. 86, p. 920.STOCK AND BONDS- Date, Interest, Outstanding. Maturity.
Stock $75,000 Mortgage $50,000 gold ($500)1 1907 5 g M-N 50,000 June 1 1927redeemable at 105 in 1912_ f Int. at Union Trust Co., Providence. Trustee.EARNINGS.-For year ending June 30 1910: Gross, $30,825; net.
$8,846; int. and taxes, $7,875; surplus, $971.ROAD.-Embraces 6 ki miles of track.OFFICERS.-Pres., F. de C. Sullivan, 71 Bway., N. Y.: Sec. & Treas.;
H. P. Phelps, Poquetanuck, Conn.; Gen. Mgr., John E. Sewell; Supt.,J. T. Cousins.-V. 86, p. 920.
OAKLAND, CAL.OAKLAND TRACTION COMPANY.-Trolley.
ORGANIZATION.-Incorporated in California Nov. 8 1906 and is aconsolidation of the Oakland Traction Consol. and the Berkeley TractionCo. See V. 83, p. 1229. The Oakland Traction Consol. was a consolidationof the Oakland Transit Consol. and the Webster Street & Park By. See V.79, p. 1462. The Oakland Transit Consolidated was a consolidation onMar. 29 1902 of the Oakland Transit and the Oakland San Leandro & Hay-ward's Elec. By. Consolidated. Controlled by "Realty Syndicate."Franchises expire from 1933 to 1942. Comprises practically all the streetrailways doing business in Oakland, Alameda, Berkley and County of Ala-meda. On April 27 1901 began using power furnished by the Bay CountiesPower Co., which power is generated by the Yuba River and transmittedthe 140 miles by copper cables.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
}Oak. Trac. Co. gen. con. 1907 5 g J-J18 2,527,000 .Tan.18 1935
'mtge. g., $12,000,000, Int. at Wells, Fargo-Nevada Nat. Bk., Sansink. fund (51,000)__ _c• Fran. Union Tr, Co., San Fran., Trustee.
Gen. consolidated mtge., -Oak) 1905 5 g J-J 2,154,000 Jan. 2 1933Trac. Consol.. $7,000,000 }Int. at Wells Fargo & Co., Bank, N. Y. &gold ($1,000) cj San Fran.; Union Tr, Co., San Fran., Trustee
1st cons. M., $4,806,0001 1902 5 g J-J 1,296,000 July 1 1932Oakland Transit Con., Union Trust Co., San Francisco, Trustee.g., 8. f. ($1,000) c*
1st con. s. I. M. Oak. Tran.{ 1901 5 g J-J 1,595,000 July 1 1931$3,000,000 ($1,000), g-c* Mercantile Trust Co. San Fran., Trustee.
Int. at Wells Fargo (4; Co., Bank, N. Y.& S.F-1st mtge. Oakland Transit Co .1 1898 6 g J-J 1,400,000 July 7 1918
$1,400,000, g., s. f., not }Int. at Wells Fargo & Co., Bank, N.Y. and,sub. to call c* j S. F., or at Cal. Safe Dep. & Tr. Co., Trust .
Oak. San Leandro & Hay. 1892 6 g M-S 250,000 Mar. 1 1922'El. By. lstM. g. ($1,000)_ Int. at Wells Fargo & Co. Bank, N. Y.& S. F.
23d Ave. El. By. 1st mort., 1893 6 g M-S 15 250,000 Mar. 1 1923gold ($1,000) Int. at Wells Fargo & Co., Bank, N.Y.& S.F.Mortgage trustee is the California Title Ins. & Trust Co., San Francisco.Bonds.-Of the $12,000,000 bonds of 1907, $7,000,000 are reserved for
prior liens. A sinking fund began in 1907 which will retire about $7,000.-000 bonds by 1932. Of the $7,000,000 Oakland Traction consolidatedmortgage, $4,826,000 are reserved to retire prior liens. A sinking fundbegan in 1906 which will retire $6,000,000 bonds by July 1 1928. See V.81, p. 668. Of the first consol. mortgage of 1902 of the Oakland TransitConsolidated, $3,500,000 are reserved for prior liens and the balance was pre-viously reserved for extensions and improvements, but shareholders votedon June 17 1904 to cancel this portion of bonds. See V. 78, p. 2385. Asinking fund for these bonds commenced in 1903 and ranges from $10,000 to$250,000 per year, which will retire at maturity $4,000,000 bonds. Bondsnot subject to call, but may be purchased for sinking fund in open market.See V. 75. p. 135. Of the $3,000,000 first consols Oakland Transit, $1,400,-000 reserved to retire underlying liens at maturity $5,000 have been re-tired. A sinking fund commences on these bonds in 1912, which will retireor provide for 52,000,000 of the bonds on or before maturity. Interest onboth consol. mtges. Is payable at Wells, Fargo & Co. Bank in New Yorkand San Francisco.
Both the Oakland San Leandro & Hay. Elec. Ry. and the 23d Ave. Elec.Ry. mortgages have sinking fund commencing ten years after date andIncreasing from 2% yearly (of total bonds outstanding) for the first five yearsto 8 ". for last five years. The bonds are not subject to call before maturity.
Dividends.-On pref., 1907 to 1909, Inclusive, 6% per annum. In 1910,Feb.. 13'5%; then M% monthly to Aug. 1910. On corn. In 1907, 4 4-5%;in 1908, 4 4-5%; in 1909, 2 2-5%.REPORT of combined properties for calendar year 1909, gross, $2,880,-
966; net, $1,267,584; charges, $602,857; surplus, $664,727; in 1908, gross.$2,801,787; net, $1,478,979; charges, $550,977; surplus, $928,002.ROAD.-Operates 161 miles of trolley, extending from Oakland to Ala-
meda. Piedmont, Berkeley, Fruitvale, East Oakland, San Leandro andHaywards.OFFICERS.-Pres., E. A. Heron; 1st V.-P., Henry Wadsworth: 2d
V.-P. and Gen. Mgr., W. F. Kelly; 3d V.-P., W. R. Aiberger; Treas., F. C.Havens; Sec., Samuel J. Taylor; Asst. Sec., F. W. Frost; Asst. Gen. Mgr.,J. Q. Brown.-V. 80, p. 1479; V. 81, p. 668; V. 83, p. 1229; V. 91, p. 155.
-
OIL CITY, PA.CITIZENS TRACTION CO.-A trolley road.ORGANIZATION.-Incorporated in Pennsylvania May 2$ 1902. Owns
and operates the Citizens' Light & Power Co. (capital $75,000). the MonarchPark Hotel Co. (practically an amusement park with 60 acres of ground)the Big Rock Bridge Co. and the Reno Bridge Co.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
84 ELECTRIC RAILWAYS Lxxxxr.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common $1,000,000 ($50) - - _ $1,000,000 No div.Preferred $1,000,000 ($50) 1,000,000 No div.1st mortgage $750,000 gold( 1905 5 J-J 750,000 July 31 1935($1,000) sink, fund i Int. at Penn. Co. for Ins. on Lives & Grant.
Annuities, Philadelphia. Trustee.EARNINGS.-For years ending June 30 1909 (for both traction company
and light and power company), gross. $264,945; net, $67,609. In 1907-08,gross. $259,120; net. $49,416.ROAD.-Operates 34.76 miles of track connecting Franklin and 011 City
by two routes (on either side of the Allegheny) and reaching the boroughsof Rouseville and Siverly. 65-lb. and 70-1b. T rail and 85-1b. girder rail.if as 49 passenger csrs; 11 service cars and 2 snow sweepers. The controlledCitizens Light & Power Co. furnishes electric light and power for 011 Cityand vicinity.OFFICERS.-Pres • Joseph Seep, Titusville; V.-P., William Hasson;
Sec and Treas., George G. Sloan; Gen. Man., F. D. Shafer.-V. 85. p. 598.
OKLAHOMA CITY, OKLA.OKLAHOMA RY. CO.-A trolley road.The same interests control the Guthrie Street Ry. system of 7 miles.ORGANIZATION.-Incorporated in Oklahoma on June 15 1904 under
'the name of Oklahoma City By. Co. On Sept. 21 1907 name changed toOklahoma Ry. Co., Increasing charter powers so as to constitute both anurban and interurban road and Increasing stock from $1,000,000 to $3,000.-000. City franchise perpetual and exclusive on streets occupied.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Common $2,000,000 ($100)- $2,000,000 Pref, $1,000,000 5% cum 631,000 Oklahoma City 1st M $1,1 1904 5 g J-J 43,000 July 1 1934
000,000 gold ($1,000)_ _c* Int. at Iron City Tr. Co.. Pittsburgh, TrusteeFirst and refunding mtge. 1907 5 g J-J 2,075,000 Jan 1 193853,000,000 ($1,000) 'Int. at Safe Dep. & Tr. Co.. Pittsb., Trustee.Bonds.-Of the new bonds, $2,075,000 have been issued, $1,000,000 to
retire 55 of 1904, of which only $43.000 now remain outstanding and$1.075,000 used for additions and extensions, leaving $925,000 for futureextensions and betterments at 95% of cost and issuable only when netearnings are double int. charges, including int. on bonds to be Issued.Can be called in 1918 on 90 days' notice at 110 and int. No sinking fund.EARNINGS.-For year ending Dec. 31 1909, gross, $452,569; net,
$180.827; fixed charges, etc., $111,9J1; surplus, $68,926.ROAD. -Operates 60 miles of track in Oklahoma City and suburbs; 75
passenger oars and 16 other cars. Is building an extension to Guthrie.of which 10 miles to College Park is completed.OFFICERS.-Pres., Anton H. Ciassen; V.-P., J. W. Shartel; See..
J. J. Johnson; Treas., Henry M. Brauer: Compt., W. R. Frederick. Gen-eral offices, Oklahoma City.-V. 79, p. 213: V. 85, p. 922.
OLEAN, N. Y.WESTERN NEW YORK & PENNSYLVANIA TRACTION CO.-A
trolley roan.ORGANIZATION.-Incorporated in New York and Pennsylvania on
Nov. 17 1906, and is a consolidation of the Olean Street Ely. and the RockCity RR., the latter being a reorganization of the Olean Rock City & Brad-lord Ry. Bradford St. RR. Co. has also been consolidated.. On April 15 1910 up-State Pub. Serv. Corn, authorized company to in-
crease stock from $2,000,000 to $2,600,000 and classify shares as below.See V. 90, p. 1103. Of the $600,000 new 1st pref., $500,000 was ex'changed for a like amount of refunding bonds.
($100) 1,000,000 let and ref mtge 85,000.0001 1906 5 g J-J 2,000,000 Jan 1 1957
gold ($1,000) c* Int. at Trust Co. of Amer., N. Y., Trustee.Olean Street Ry 1st mtge 1899 5 g M-N 184,000 Nov 1 1929$225,000 ($1,000) gold_c* Int. at Fidelity Trust Co., Buffalo, Trustee.
Olean St Ry 1st eaten mtge 1901 5 g F-A 116,000 Aug 1 19318130.000 ($1,000) gold. Int. at Fidelity Trust Co., Buffalo, Trustee.(Cannot becalled)
-_ _c*1Sinking fund of $2,000 commenced in 1905.
Bonds.-0I the $5:00-6,000 new bonds, $300,000 are reserved for priorlens. Are subject to call on or before Jan. 1 1912 at 105 and interest; there-after at 110 and interest.
Sinking fund on Olean Street Ry. 1st mtge. of 1899 became operative inNov. 1901, $4,000 being paid annually, $45,000 had been pald to Sept. 201910. Bonds cannot be called. A sinking fund on the 1st mtge. extensionbonds became operative Aug. 1 1903; $16,000 had been paid into the fundSept 20 1910. In addition, the Shinglehouse RR., whose stock is owned,has 335,000 5% bonds due in 1933.EARNINGS.-For year ending Dec. 31 1909, gross (including $19,524
other income), $371,106; net, $205,777.ROAD.-Operates in Olean and Bradrord, and between those points;
and lines from Bradford to Lewis Run from Olean easterly through Ceres(where a connection Is made with the ShIngichouse RR.) to Bolivar; fromOlean westerly to Salamanca and thence to Little Valley; from SenecaJunction, N. Y., to Clarkdale, Pa. Total about 98 miles of road.,
'OFFICERS.-Pres., W. R. Page, Olean; V.-P. and Treas. Jos. B.
Mayer. New York; Sec., C. G. Bull's, Olean.-V. 83, p. 1292: V. 84, p.1429; V. 90, p. 978, 1108.
OMAHA, NEB.OMAHA & COUNCIL BLUFFS Si REET RY.-A trolley road.ORGANIZATION.-Incorporated in Nebraska. Owns lines formerly
operated by Omaha Street Ry. Co.; leases the Omaha & Council Bluffs Ry.& Bridge Co. in Council Bluffs, Ia., until 1947, together with its bridge overMissouri River, rental being $60.t)0() per annum. In addition to all fixedcharges.
Strike.-In Sept. 1909 became involved in a strike with its men, andtraffic was tied up for some time. Company won out.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $10,000,000 ($100) _ . Q-J $5,000,000 Oct '10, 1%Pref 5% cum from Jan 110041____ 5 Q-J 4,000.000 Oct'10.1 X %
$5,000,000 ($100) Omaha St Ry 1st consol mtge 1880 5 g M-N 2,500,000 May 1 1914
$2,500,000 gold Interest at Farmers' Loan & Tr. Co., N. Y.Om & C B St Ry 1st con mtge 1902 5 g J-J 6,761,000 Jan 1 1928
$10,000,000 gold ($1,000) Interest at Guaranty Trust Co„ New York.no sinking fund c*Stock and Bonds.-$5,000,000 common and $1,000,000 preferred stock
are set aside for additions and improvements. Of the new $10,000,000mtge., $2,500,000 is reserved to retire a like amount of Omaha St. Ry.bonds.Remainder reserved for extensions and improvements at 85% of cost.
Dividends.-First dividend on pref. stock, 1 X %, was paid April 1 1904,and same amount quarterly to and including Oct. 1910. On corn., 1st div..2%, paid July 1907, and 2% paid Jan. and June 1908: in 1909, Jan.. 2%;July, 2%; in 1910, Jan., 2%; July, 2%; in Oct. chgd. to quar. and paid 1%.REPORT.-For cal. year 1909, gross, $2,317,677; net, $900,577; other
Income, $11,274; interest, taxes and rentals, $662,342; surplus, $249,509;surplus Jan. 1 1909, 3275,708; dividends, $400,000; profit & loss adjust-ment, *130; total surplus Jan. 1 1910, $125.087.ROAD.-Owns 112 miles of track, being all the street railways in Omaha
and South Omaha. Florence, Benson and Dundee, Neb. Also, by lease orstock control, receives the earnings of all street railways in Council Bluffs,Ia. (30 miles), including the Omaha & Council Bluffs bridge, makingtotal operated or controlled 142 miles.OFFICERS.-Pres., G. W. Wattles; V.-P.. Frank T. Hamilton; 2d V.-P.
& Gen. Mgr.. W. A. Smith; Sec. & Treas., L. C. Nash; Asst. Gen, Mgr.,R. A. Leussier.-V. 86, p. 169! V. 91, p. 791.(1) Omaha & Council Bluffs Railway & Bridge.ORGANIZATION.-Incorporated in Iowa. An electric road. Is leased
to the Omaha & Council Bluffs Street Ry. For terms of lease, see statementof the latter above. Owns entire capital stock of the Omaha Council Bluffs& Suburban Ry. and the Lake Manawa & Manhattan Beach Ry. The$600,000 mortgage of the former company, made to the Royal Trust Co.of Chicago and Albert E. Johnson, as trustees, is all held by the Ry. &Bridge Co. Lake Manawa & Manhattan Beach has no funded debt. Fran-chises run until 1946. On Dec. 13 1909 Inter-State Commerce Comm. or-dered a reduction of fare betweeniOmaha and Council Bluffs from 15 toI cents. V. 89, P. 1597. MI I Asiiima aim .4
I. STOCK AND BONDS.- Date. Interest, Outstanding, Maturity.Common $1,500,000 ($100)- $1,500,000 Pref 4 % cum from Feb 1 1907 --- F-A 1,500,000 1n1909,4%
$1,500,000 ($100) 1 • • • •1st consol mtge 32,000,000 1902 5 J-J 1,616,000 Jan7,111928($1,000) gold 0* Interest at Central Trust Co.. N. Y. Trustee.Bonds.-01 the new 1st consolidated mtge. for $2,000,000, $116,000 are
held in treasury of the Omaha & Council Bluffs St. Ry„andlincluded Inamount outstanding above; the remaining $384,000 is reserverilfor im-provements. V. 89, p. 1234, 1281 $600,000 bonds of the OmahatCouncilBluffs & Suburban Ry. are deposited as security for the 0. & C. B. Ry. 65Bridge consol 5s.ROAD.-Comprises 30 miles of track, Including the trackagetof the
Omaha Council Bluffs & Suburban By. and the Lake Manawa & ManhattanBeach Ry.. embracing the entire street railways of Council Bluffs. Altoowns bridge between Omaha and Council Bluffs over the Missouri River.OFFICERS.-Pres., J. H. Millard; V.-P.. Geo. F. Wright: Sec.. 0. T.
Stewart; Treas., E. E. Hart.-V. 77, p. 37; V. 89, p. 1224 1281, 1597.
NEBRASKA TRACTION lc POWER CO.ORGANIZATION.-Incorporated in Nebraska Sept. 26 1908.STOCKS AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, corn, $500,000 ($100) $100,700Stock,pf ,500,000 ($100) n.-e. 5% 100,000let mtge. $1,330,000 (3100,1 1908 6 it A&015 100,000 Oct 15 1933$500 and $1.000) g f Midland Guarantee & Trust Co.
' trustee
Bands.-Bonds are subject to call at 105 on or after Oct. 15 1918 andhave a sinking fund of from 2 to 4% of earnings. Interest is payable atthe Omaha National Bank.ROAD.-First division of road 7 miles is completed and connects Omaha
So. Omaha, Ralston and Papillion. Other extensions contemplated.OFFICERS.-Pres., Arthur English: V.-P., Frank KoutskylSec. and
Treas.. F. A. Howard; Gen. Mgr., G. D. Rice.-V. 89, p. 994.
ONEONTA, N. Y.OTSEGO & HERKIMER RR.-A trolley road.ORGANIZATION.-Succeeded on July 10 1909 the Oneonta & Mohawk
Valley RR. V. 89, p. 411. In Sept. 1910 had an application pendingbefore Public Service Commission to issue securities.EARNINGS.-For year end. June 30 1910. gross, $204,260; net, $29,655;
taxes, $7,137; other deductions, $5,661; surplus, $16,857; deficit, $37,228.ROAD.-Operates 67.04 miles of track between Oneonta, Cooperstown.
Richfield Springs and Mohawk, at which latter point it connects with theUtica & Mohawk Valley Ely. for Utica, 13 miles. Total operated, 80,04miles. Rails, 60 to 90 lbs.; 39 cars.OFFICERS.-Pres., W. B. Reed; V.-P., Herbert T. Jennings; Treas.,
L. M. Wilson, all of New York; Gen. Mgr., .Jos. K. Choate, Hartwick, N. Y.
OSSINING, N. Y.HUDSON RIVER & EASTERN TRACTION CO.ORGANIZATION.-Incorporated in New York on Feb. 15 1906. Pro-
poses to build a line from New York Central Station in Ossining throughOssining, Briarcliff Manor, Pleasantville and Sherman Park to White Plains.17 miles. 3 miles in Ossining are in operation.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $400,000 $84,000 1st mortgage $1,000,000 gold1 1907 5 g F-A 75,000 Feb 1 1957(81,000) c&rf int. at Trust Co. of America. N. Y., TrusteeBonds.-Are subject to call on or after Feb. 1.1912 on any int. day at 105
and Int.OFFICERS.-Pres., 0. G. Bennett, New York; Sec., J. A. Byrne, 37
Wall St., N. Y.; Treas. & Gen. Mgr., W. L. Stratton, Ossining, N. Y.
OTTAWA, ILL.WESIERN RAILWAYS & LIGHT CO.Controlled by same interests that control the Illinois Traction Co.ORGANIZATION.-Incorporated March 1907 in Maine, and owns all the
capital stock of the following:Cairo By. & Light Co.I Galesburg Railway & Light Co.Central Ltg. Co. of La Salle and Peru I Quincy Horse Ry. & Carrying Co.Chicago Ottawa & Peoria By. Co. Northern Illinois Light & Trac. Co.
Wichita RR. & Light Co.Western Rys. & Light. with the 1iilnois Traction, will furnish through
service between Chicago and St. Louis when Chicago connection is com-pleted. V. 90, p. 238.STOCK- Rate, Outstanding. Dividends.
Common ($100) $4,521,800Pref., $2,250,000 ($100) cum 6 Q-J • 2,245,000 See text
Stock.-Before auth. amount of pref. stock can be increased, surplus earn-ings above expenses and int. for previous year must be equal to 9% on allpref. stock issued and to be issued. V. 90, p. 238.Dividends have been paid on pref. since organization.EARNINGS.-Of controlled companies for calendar year 1909, gross.
$1,406,524; net (after taxes), $591,154.OFFICERS.-Pres- W. B. McKinley; Treas., E. Woodman; Sec., J. B.
Macaulay; Act. Compt., J. M. C. Horn; Gen. Mgr„ H. E. Chubbuck.-V. 87, p. 814; V. 90, p. 238.
(1) Cairo Railway & Light Co.-A trolley road.ORGANIZATION.-Incorporated on Oct. 5 1908 in Maine, to take over
the properties of the Cairo Elec. Trac. Co. and the Cairo City Gas Co. V.88, p. 293, 374. The Cairo Elec. & Trac. was a consolidation of the EgyptElectric Co. and the Cairo Elec. Light & Power Co.STOCK AND BONDS- Date. Interest. Outstanding, Maturity.
Stock, $1,000,000 ($100) All owned by Western Rys. & Lt. Co.C B & T 1st mtge, $150,000 g1 1903 5 g J-D $150,000 June 1 1923($500 and $1,000) cant. at Central Trust Co., Chicago, Trustee.Bonds.-Are subject to call on any int. date after 10 years at 105.ROAD.-Onerates 9X miles of track in Cairo, together with the electrie-
lighting and power plant. V. 87, p. 613; V. 88, p. 293, 374.
(2) Galesburg Railway & Light.ORGANIZATION.-Incorporated in Maine in 1904. and Is a consolida-
tion of the Galesburg Electric Motor 65 Power Co. and the Galesburg Gas& Electric Light Co. Franchises expire in 1920.STOCK AND BONDS- Date. Interest. Outstanding, Maturity.
Stock 31,500,000 ($100) _ 81.000,000 New mortgage $1,500,000 1904 5 g J-J 877,000 July 1 1934
gold ($1,000) c Int. at Portland Tr. Co., Portland, Me. Trus.Galesburg as & Elec Lt first 1899 5 g A-0 350,000 April 1 1919mtge $350,000 (31,000) _c Int. at Portland Tr. Co.. Portland, Me. Trus.
Oaiesburg E M & P mortgagei 1902 5 cur M-S 171,000 Sept. 1 1912$205,000 gold ($1.000) _ _c* Int. at First Nat. Bank, Galesburg TrusteeBands.-The new 31,500,000 issue is subject to call on any interest date
at 105 and interest; no sinking fund; $521,000 are reserved for the priorliens and $102,000 for extensions and improvements. L. F. Wertman.Pres. First National Bank, Galesburg, Is trustee of the Galesburg ElectricMotor & Power Co. bonds. Can be called at 103.ROAD.-Owns 20 miles of track laid with 60-lb. T rails in Galesburg, Ill..
extending also to East Galesburg and Knoxville; also three extensions aggre-gating 4 miles, built and put in operation in 1900. Operates 42 cars. Hasbuilt a new power-house to generate current for both the street railway andelectric-light plant, and will also do steam heating. See V. 78, p. 2384.OFFICERS.-Pres., Geo. F. Duncan; Sec. and Treas.. Edward Wood-
man. Portland, Me.; Mgr.. H. E. Chubbuck, Peoria.-V. 78. p. 2384.(3) Quincy Horse Railway & Carrying Co.Does entire (electric) street railway business in Quincy. Principal
franchise is unlimited, granted in 1865, and exclusive for 50 years. Otherfranchises mature from 1922 to 1937.
E. J. Parker, J. F. Carrott, Quincy, Ill. Trus.First conscildated mortgage,1898 5g A-0 410,000 Oct. 1 1918$550,000, gold c*4tlnt. at Portland Tr. Co., Portland, Me., Trus.Interest on first mortgage payable at Quincy (I11.) Trust Co.Of the 5s of 1898, $140,000 will be used to retire the first 5s.ROAD.-Operates 17.5 miles of track.OFFICERS.-Pres.. Geo. F. Duncan, Portland, Me.; Sec., W. B.
McKinley, Champaign, Ill.; Treas.. W. H. Carnahan; Gen. Mgr., H. E.Chubbuck.-V. 67, p. 372, 737.
tiDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT., 1910.] SELECTRIC RAILWAYS 85
(4) Wichita Railroad & Light.-Trolley.
ORGANIZATION.-Chartered May 1 19001for 30 years.‘Street rail-way franchise expires 1933. lighting in 1919. Owns a street-lighting plant,and has contract for city lighting.
STOCK AND BONDS- Date. Interest. Outstanding, Maturity.Stouk, $300,000 ($100) -- $300 .000 First mortgage, $300.0001 1900 5 g A-0 300,000 April 1920(11,000) geld cl Int. at Portland Tr. Co., Portland. Me.. Trus.Bonds.-Bonds are subject to call at 105 on 6 months notice.ROAD.-Owns 29 miles of trolley track in Wichita. Kansas, including
new double-track bridge, over the Arkansas River, and extensions toWonderland Park and Fair Grounds.OFFICERS.-Pres., W. B. McKinley, Champaign, Ill.; Gen. Mgr., H.
E. Chubbuck; Sec. and Treas., Edw. Woodman, Portland, Me.; Supt..W. R. Morrison, Wichita.
(5) Chicago Ottawa & Peoria Railway Co.
ORGANIZATION.-Bought outright in 1909 the Illinois Valley By.Operates largely on private right of way. Franchises in various townsmat-,re mostly after 1950.
STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.Stock All owned by Western Rys & Light Co.First mortgage $5,000,0001 1907 5% $1,749,000 Dec 1 1937($1,000) JCentral Trust Co. of Illinois, Trustee.
Illinois Val 1st M $2,000,000e 1905 5 g 1,500,000 Sept 1 1935($500 and $1,000) Clint. at Portland (Mc.) Trust Co., Trustee.Bonds.-Chicago Ottawa & Peoria bonds are guar., p. & i., by Western
Rys. & Light Co. Illinois Valley bonds have a sinking fund of 1 4% perannumlof amount outstanding. Are subject to call at 105.
ROAD.-Operates from Princeton, Ill., via La Salle, Peru, Utica,Ottawa, Marseilles to Seneca, 58 miles, with branches from Ladd to Streator16 miles, and from Seneca to Morris, 12 miles; total, 86 miles.-V. 87, p.812:
(6) Northern Illinois Light & Traction Co.-A trolley road.ORGANIZATION.-Incorporated in Illinois and is successor in July 1903
to the Ottawa Railway Light & Power Co., sold under foreclosure. Fran-chise perpetual for lighting and until March 1924 for railway. Has contractfor city lighting. Western Rys. & Light Co. owns all the stock.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock, $250,000 ($100) - $250,000 1st mtge. $1,200,000, gold) l 1903 5 g J-J 265,000 July 1 1923($500 and $1,000) c*JInt. at American Tr. Co., Boston. Trustee.Bonds.-No sinking fund and bonds cannot be called.EARNINGS.-For 12 months ending Dec. 31 1908, gross, $74,292; net,
$36.171. In 1907, gross, $66,420; net, $31,016; interest, $13,250.ROAD AND PLANT.-Operates 7.5 miles of line, covering the prin-
cipal streets of Ottawa, and also runs out of the city to Ellis Park, a pleasureresort on the Illinois River. Also has entensions from Ottawa to Chautau-qua Park. Equipment, 11 motor and 7 trail cars. Has both steam andwater-power plants for generating power, which can be operated inde-pendently if necessary. Is supplying 164 enclosed arc lights under citycontract and 154 for commercial lighting. Also 22,245 incandescent lights,561 h. p. In motors and one 200-k. w. and one 300-k. w. alternator andone 500-k. w. turbine for street lighting.-V. 82, p. 1041.
(7) Central Lighting Co.-ORGANIZATION, &c.-Stock auth. and out $100,000 ($100); an owned
by Western Rys. & Lt. Co. Coll. tr bonds auth. and out., $250,000 g.($1,000). Date 1902, due July 1 1922. Int. (5 g. J.-J.) payable at Port-land Trust Co., Portland, Me., trustee.
ORGANIZATION.-Incorporated in Delaware in Dec. 1905 as suc-cessor to the Ottumwa Traction & Light Co. The latter's franchises forstreet railway, electric lighting and steam-heating plants were extendedby municipal election on July 8 1901 for 25 years from May 23 1901.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Corn., $650,000 ($100) --Pref., $850,000 ($100) ------- Q-J 15 415,100July15'10,1%1st and ref. mtg., 11.500,-i 1906 5 g J-J 941,000 Jan.1 1924000. gold ($1,000) c* Int. at Central Trust Co., Chicago. Trustee.
Ott. Tr & Lt. 1st M., $500,- 1901 5 g A-0 324,000 Oct 1 1921000 ($1,000) gold, s f c• Int at U.S. Mort. 40 Tr. Co., N. Y., Trustee.Bonds.-Of the authorize Issue of $1,500,000, 5324,000 are reserved
to retire prior liens and $235,000 are reserved for extensions and better-ments. The new bonds are subject to call at 103 and int. A sinking fundof 1 % per annum of bonds out commenced July 1 1909. The OttumwaTraction & Light Co. bonds can be called after Oct. 1 1911 at 105 andinterest and each year thereafter at % less until par is reached. Bondsnumbered 1 to 20 may be redeemed at 105 and Int. after Oct. 1 1907.V. 74, p. 95. Sinking fund on these bonds of $5,000 annually is operativefrom 1907 to 1909 and $8,000 annually from 1910 to 1920.
Dividends.-Initial div. on pref.-1 %-paid Oct. 1909 and sameamount quarterly since to and including July 1910.EARNINGS.-For year ending Dec. 31 1909, gross, $236,583; net,
$110,480; interest, $62,930; div., $4,994; surplus, $42,556; 1908. gross,$221,211; net, $100,173; charges. $58,450; surplus, 541,723.ROAD.-Operates 11 4 miles of trolley road in city of Ottumwa. Iowa.
Weight of rails, 60-lb. T. Standard gauge. Also does municipal, com-mercial and residence electric-lighting (including 125 miles of pole line.carrying 200 miles of wire); supplies electric power for stationary motors,/cc.. and operates a system of steam heating, with 3 4 miles of mains.OFFICERS.-Pres., Arthur S. Huey; Sec., R. J. Graf; Gen. Mgr., W. F.
Haber; Mgrs., H. H. Bylicsby & Co., Chicago.-V. 82, p.1269; V.89, p. 994.
OWENSBORO, KY.OWENSBORO CITY RAI LROA D.-A trolley road.
In Mayi1910:a-syndicate composed of the principal stockholders of Evans-ville Rys. Co. purchased control and re-financed the company. An exten-sion down the Ohio River is contemplated. V. 90, p. 1364.
ORGANIZATION.-Chartered in 1886. Franchise runs till 1936 andgives exclusive rights to operate street railway in said city. The pref. stockwas created in Feb. 1907. V. 84, p. 340.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common, $75,000 (par $50) - $72,500 f. p. 1st mtge, $200,000, gold' 1902 5 g J-J 200,000 Jan 11952($1.000), c&r, not red_ _ JInterest at Louisville Trust Co., Trustee.
Gen mtge. $200,000 1910 5% 163,000 May 1 1933ROAD.-Owns 15 miles of street railway in Owensboro and suburbs;
56 and 70-1b. rail; 25 motor cars, double G. E. 800; 5 trailers; 25 10-toncoal cars. Power house 600 k.w. capacity-OFFICERS.-Pres., John G. Delker, Owensboro; V.-P., W. A. Koch,
Evansville, Ind.; Sec., C. H. Battin, Evansville, Ind.; Treas., C. C. Wat-kins, Owensboro; Gen. Mgr., W. A. Carson, Evansville, Ind. V. 79, p.270; V. 84, p. 340; V. 90, p. 1364.
PADUCAH, KY.PADUCAH TRACTION & LIGHT CO.ORGANIZATION.-Incorporated in Maine on Nov. 17 1905 and owns
all the securities of the Paducah Trae. Co and Paducah Lt. & Power Co.Besides street railway business, does the entire commercial electric lighting,gas and steam heating business of the city. Street railway and electriclighting franchises expire in 1924 and 1926, steam heating franchises in19221and gas franchise is perpetual.STOCK AND BONDS- Date. Interest. Outstanding. Maturitr-
Common, $1,000,000 (8100) $1,000,000 Pret 5% cum 51.000,000(5100) ____ J-D 500,000 J'ne '07, 1 .4.Coll. tr. mtg., 52.000.000, 1905 5 g M-N 672,000 Nov. 1 1935
gold tInt, at State St. Trust Co., Boston, Trustee.Pad. St. By mort.. a. f. 1 1890 6 g J-J 100,000 July 1 1920
Col.Finance 4a Trust Co., Louisv., Trustee.Pad. St. Ry. mortgage 1893 8 100,000 1923Peop. L't Power & fly. mort 1898 8 100.000 1917Paducah City By. M., $1,000-1 1902 5 g J-J 242,000 July 1 1932000. g., ($500-$1.000)_c*1Int. at N. Y. Trust Co., N. Y., Trustee.
Notes payable July 31 1910 111,500
Stock and Bonds.-Of the 12,000.000 new bonds, $542,000 are reservedto retire prior liens and $786,000 for future improvements. Subject to callas a whole at 105 and interest. A sinking Jun& If earned, of 1 % per annumof outstanding bonds commenced Nov. 1 1906, and becomes obligatoryNov.1 1911. Preferred stock is redeemable at 110.Dividends.-First div, on pref. stock, 1%, was paid Dec. 1 1908. aid
1% was paid again on June 1 1907. None since to July311910.EARNINGS.-Of combined companies for calendar year 1909: Gros
$227,344; net, $91,591; int. and taxes, $80,444; sink. fund (underlyinbonds). $1,200; surplus, $9.947.ROAD.-Operates 17.7 miles of track; 35 to 60-lb. rail; standard gauge
48 cars.
OFFICERS.-Pres., Frederick S. Pratt; V.-P.. Joseph L. Friedman.Paducah, and Dwight P. Robinson, Boston; Sec., Clement R. Ford; Treas..Henry B. Sawyer; Gen. Mgrs. Stone & Webster. Boston. -V.83. p. 1229.
PARKERSBURG, W. VA.PARKERSBURG MARIETTA & INTERURBAN RY.-A trolley road.ORGANIZATION.-Consolidation of the Parkersburg & Interurban By.,
the Parkersburg Gas, Elec. Lt. & St. fly. Co. and the Marietta Elec. Co,In 1910 increased authorized stock from $440,000 to $1,000,000. V. 90.p. 447.STOCK AND BONDS-
Stock. 51,000,000 Date, Interest. Outstanding.
$440,000Maturittl-
1st mtge, g, Parkersburg lines_ 1898 5 150,000 19381st mtge, Marietta lines 1902 6 150 .000 Consol mtge, all lines 1902 5 400,000 1942EARNINGS.-For year ending April 30 1909, gross, 5265.222.ROAD.-Operates 43.75 miles of track, including an extension of 12 miles
to Marietta. Uses bridge of the Ohio River Bridge & Ferry Co. betweenMarietta, Ohio, and Williamstown, W. Va. See V. 77, p. 1747. 10 milesfrom Lowell to Beverly, Ohio, are under construction.OFFICERS.-Pres. C. H. Shattuck; Sec., W. W. Van Winkle; Treas.:
S. D. Camden.-V. 77% p. 1747; V. 90, p. 447.
PATCHOGUE, LONG ISLAND, N. Y.SOUTH SHORE TR ACTION.-A trolley road.The same Interests control Hudson & Long Island Tract. which was
incorporated in N. Y. on March 31 1908 with $50.000 capital stock, tobuild a line from 12th Ave. & 42d St., N. Y., to Queensboro Bridge.ORGANIZATION.-Chartered in New York March $ 1903 to build
from the Greater New York line near the Belmont race-track, Hempstead.via Rockville Centre, Amityville, Babylon. Patchogue. Brookhaven,and Intermediate places, to the Carman River in Suffolk County. about51 miles. V. 87. p. 546. In Sept. 1907 announced a plan for extendingthe line to Long Island City and via Queensboro Bridge to New York.Has completed a large part of its line in Suffolk County. The BabylonRR. (owned by South Shore interests) has completed and in operation theextension of its line between Babylon and Amityville.The Court of Appeals having affirmed the decision of the Appellate Divi-
sion of the Supreme Court (V. 89, p. 226, 1349), directing the Public Ser-vice Commission to approve the franchise granted by Board of Estimate inMay 1909 (V. 88, p. 1198), the Board of Estimate on Dec. 23 1909 grantedan amended franchise. Under the franchise gets the right to extend theline from New York City line southerly and westerly through Jamaica toand across the Queensboro Bridge. Compare V. 88, p. 1501.In 1910 company installed a local bridge service on Queensboro Bridge.In April 1907 control of the Cross Island Tract. Co was acquired, which
Is to extend from Patchogue to Port Jefferson.In Nov. 1908 differences with the Suffolk Traction Co. were adjusted
and the South Shore Traction Co. agreed to confine itself to the south shorein Islip as far as Sayville, and the Suffolk Traction Co. to the territory fromSayville east to Brookhaven and across the island from Patchogue to PortJefferson. V. 87, p. 1239.STOCK AND BONDS- Date, Interest. Outstanding. MalurifY.
Stock, $2,000,000 ($100) $600,000 1st mortgage $2,500,000. 81 1907 5 g J-J 250,000 1967$1,000 c• ant. at Empire Trust Co.. N. Y • Trustee.Bonds.-Subject to call by trustee July 11927. by company July 1 1932.
at 110 and interest.OFFICERS.-Pres., Jas. T. Wood; V.-P., Paul T. Brady: Sec., Arthur
C. Hume; Treas.. F. D Kilburn; all of New York. New York office.Times Bldg.-V. 88, p. 1198, 1501; V. 89. p. 226, 1349: V. 90, p. 54.
SUFFOLK SYNDICATE.ORGANIZATION.-Incorporated in New York, under the busi-
ness corporation law, as a combined railroad and real estate enter-prise. Has made a contract with the Suffolk Traction Company, allof whose $1,200,000 stock (except shares qualifying directors) is ownedby the Suffolk Syndicate, to construct the traction company'srailroad of 23 miles. Necessary franchises have been procured by the trac-tion company and the construction company has purchased about 1.830acres of land, through or near which the traction road will be constructed,and has acquired, in addition, about 2-3 of necessary private right-of-wayfor a railroad and automobile road. It is intended to construct a toll roadof about 10 miles for automobile and other uses, connecting public high-ways on north and south sides of Long Island.The Syndicate will receive 1st mtge. bonds of the Suffolk Traction Co.;
at $30,000 per mile of single track, in payment for the construction of theroad. The bonds to be offered to the public will be bonds of the SuffolkSyndicate. Stockholders voted in October 1909 to increase stock from$500,000 to $659,900 and to classify stock into $250,000 common and$409,900 5% cum. pref. (pref. only as to repayment of principal), and re-deemable at par and int. at any time. V. 89, p. 779. Proceeds of salesof land and other property to be applied to redemption of pref. stock.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.
Common $250,000 $225,000 Pref $409,900 5% cum None.First mortgage 51,200,000.--f - - 5% semi-an 192,000 25 years
'(Long Island Loan & Tr. Co.. trustee.Bonds.-Are subject to call at par and interest on any interest day
Mtge. also covers the entire $1,200,000 stock of the Suffolk Traction Co.-V. 88, p. 1198. 1561; V. 89. p. 779.
(1) Suffolk Traction Co.ORGANIZATION.-Incorporated June 27 1906 in New York. Stock
all owned -by Suffolk Syndicate. Is to construct an electric road on LongIsland about 23 miles in length, extending from Great South Bay at Pat-chogue to the Sound at Port Jefferson, and from the town of Islip along thesouth shore to the village of Brookhaven, with trackage rights of aboutthree additional miles in the town of Islip to the village of Sayville. One-half road will be owned in fee; remainder will be constructed on public high-ways. Franchises perpetual.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $1,200,000 ($100) $1,200,000 First mortgage $1,200,000___f 1907 5 J-J 90,000 July 1 1957
1Long Island Loan & Trust Co.. trustee.Bonds.-Of the $1,200,000 first mortgage, sufficient are reserved to de-
liver to Suffolk Syndicate, at $30,000 per mile, in payment for construction.Road.-Is constructing along south shore from Sayville to Patchogue and
from Port Jefferson north to Patchogue. 4 miles completed.OFFICERS.-Pres., Thos. L. Hughes; Sec. and Treas., Charles G. Bal-
manno.-V. 87, p. 1239.
PATTON, PA.NORTHERN CAMBRIA STREET RY. CO.ORGANIZATION.-Incorporated Oct. 8 1901 in Pennsylvania.STOCK AND BONDS.- Date, Interest. Outstanding. Maturity.
$1,000) gold c• Int. at Knickerbocker Tr. Co., N. Y., trusteeBonds.-Are subject to cal 1915 at 105. Sinking fund of 3% of gross
earnings began 1910; after 1915 becomes 4% and 1920 5 %. •ROAD.-Operates 13 miles between Patton. Barnesboro and Carroll-
town. Standard gauge, '70•1b. T and girder rails.OFFICERS.-Pres., W. H. Denlinger; V.-P., R. Peale: Sec., Jas. H.
Allport; Treas., H. F. Bigler; Gen. Mgr., J. L. McNells.
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86 ELECTRIC RAILWAYS Lxxxxi.•
PEEKSKILL, N. Y.PEEKSKILL LIGHTING & RAILROAD.In 1909 Westchester Lighting Co., controlled by Consol. Gas Co. of N. Y.,
purchased the entire common stock and a block of pref. of the PeekskillLighting & RR. See Westchester Lighting Co.. V. 89, p. 108.ORGANIZATION.-Incorporated as the Peekskill Lighting Co. on July
12 1900; subsequently purchased the Peekskill Gas Light Co. and PeekskillElectric Light & Power Co. Name changed as above upon purchase of thePeekskill Traction on Aug. 31 1900. Comprises all the gas, electric tight.power and street railway Interests of Peekskill. Franchises of electric,-lighting plants and railways are perpetual. Gas franchises liberal.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Common $500,000 ($100) ..... J-D 5500,000 Oct 1909,1%Preferred $150,000 6 % cum_ 6 J-D 150,000 Dec '09, 3%let mtge $750,000 (51,C100)1 1900 5 g A-0 680,000 Oct 1 1930
gold, sinking fund_ c*f Interest at N. Y. Trust Co., N.Y., Trustee.Bonds.-Whole issue (but no fractional part) can be redeemed on any
interest date at 110 and interest. Sinking fund is • providedat the rate of 310 80 ner bond outstanding, beginning Oct. 1903. Theremaining bonds can only be issued for extensions, &c., at 75 % of actualcost, and only when net earnings of the previous 12 months are equal toat least twice the interest on the outstanding bonds and the proposed issue.See V.71, p.913.
Dividends.-6 % per annum is being paid on pref. stock. On common,in 1906, 1%; In 1907;3 M%; in 1908, 4%; in 1909, 4%.EARNINGS.-For year ending June 30 1910: Gross from railway only,
$73,011: net from railway, $30,147; net from other sources, 568,077; totalInc., $98,224; fixed charges, ecc., $40,204, divs., $19,625: surplus. $38,395.
ROAD.-Owns and operates 10.64 miles of track in Peekskill and to LakeMohegan and Verplanck's Point, with branch to State Camp.OFFICERS.-Pres., F. A. Stratton, Mt. Vernon; V.-P., Stuart Wilder,
Ossining; Sec., Dr. B. W. Stillwell; Treas., R. A. Carter; Asst. Treas.,H. D. Swain, Ossining. General office, Peekskill, N. Y.-V. 82, p. 1041;V. 85, p. 103.
PUTNAM & WESTCHESTER TRACTION CO.ORGANIZATION.-Incorporated in New York in July 1906. Stock
authorized and issued, $75,000; par, $100. First mtge., auth. $200,000.outstanding $71,000, gold (c*), 5% J-J, due July 1 1937; int. at Knicker-bocker Trust Co., trustee. Subject to call at 105 and int. after Jan. 1 1912.Road, 4 miles, from Peekskill to Oregon, Putnam Co. Pres. & Asst.Treas.. 0. G. Bennett; V.-P., W. L. Stratton; Sec. & Treas., H. D. Swain.
PEN ARGYL, PA,SLATE BELT ELECTRIC STREET RY.-A trolley road.ORGANIZATION.-Incorporated in Pennsylvania on Feb. 14 1899.
Was formerly leased to the Lehigh Valley Traction Co., but lease canceledoniMay 10 1904, owing to default in payment of rental.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $380,000 (550) $360,000 First mortgage $75,000 ($100 1908 6 M-N 75,000 Nov 2 1938
to $1,000) Int. at Leh. V. Tr. & S. D. Co.. Allent., trus.Second mortgage $260,000 g 1908 4 g M-N 259,000 Nov 2 1938(MO and $1,000) Int. at Leh. V. Tr. &S. D. Co., Anent., trus.Bonds.-Both Issues are subject to call at par and interest.ROAD.-Operates 18 miles of track from Nazareth to Bangor. 67-lb.
rails. 11 cars.OFFICERS.-Pres., George K. Mosser; See., Hubert E. Rogers; Treas.,
Waiter M. Keck; Aud., 'H. W. Praetorius; Gen. Mgr., J. T. Hambleton,
PENSACOLA, FLA.PENSACOLA ELECTRIC CO.ORGANIZATION.-Incorporated in Maine on July 6 1906, and is suc-
cessor to the Pensacola Electric Terminal Co. Owns practically the entirestock and the entire bonds of the Escambia County Elec. Lt. & Pow. Co.Does all the street railway and electric lighting of Pensacola. Railwayfranchise expires in 1933; lighting franchise perpetual.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Common $800,000 ($100) . $800,000 Pref. 5500,000(5100) 6% cum_ _ J-D 300,000 June, 6%1st mtge 51,500.000 gold_ _ I 1908 5 g F-A 821,000 Aug 1 1931
Unterest at City Trust Co., Boston, Trustee.Notes payable July 31 1910_ ____ 240,000 Stock.-The preferred stock- is redeemable at 115.Bonds.-$679.000 are reserved for additions and improvements at 80 %
of cost. A sinking fund of 1 % per annum of bonds outstanding commencesDec. 1 1907; first 5 payments may be waived, but becomes a fixed cnarge onDec. 1 1912. Bonds subject to call as a whole at any time at 105 and in-terest. and In part for sinking fund only. V. 83, p. 156.Dividends.-First div., of 3%, was paid on pref. June 1 1907 and 3% was
pald'Dec. 2 1907. In 1908 June dividend passed because of strike on com-pany's lines. None after that to Dec. 1909, when divs. were resumed and3% regular and 3% extra on account of accumulations were paid. March1910 paid another 3% on account of accumulations; June 1910 3% regularand 3% extra, paying up all accumulations.EARNINGS.-For 12 months ending Dec. 31 1909, gross, $246,664; net,
$105,327; int. & taxes, $52,631; divs..
$18,000; surplus, $34,696.ROAD.-Operates 20.4 miles of track; standard gauge; 50 and 80-lb.
rail; 30 motor and 8 trail passenger cars and 11 other carsOFFICERS.-Pres., Geo. J. Baldwin, Savannah; V.-P., Charles F.
Wallace and Wilbur A. Carter; Sec., Alvah K. Todd; Treas., Henry B.Sawyer; Managers, Stone & Webster, Boston, Mass. V. 83, p. 156; V. 84.p. 1183; V. 86, p 1345; 3r. 89. p. 1142: V. 90. p. 503.
PEORIA, ILL.PEORIA RAILWAY TERMINAL CO.-For statement of this company
see quarterly number of our Railway and Industrial Section.
PETALUMA, CAL.PETALUMA & SANTA ROSA R Y.-A trolley road.ORGANIZATION.-Incorporated in California on June 20 1903. Stock
was held in a voting trust for 3 years, expiring In 1907, V. 78 p. 103.Stockholders in 1908 paid an assessment of $10 a share to liquidate thefloating debt.STOCK AND BONDS.- Date. Interest. Outstanding. Maturill
Stock $1,000,000 ($100) . $1,000,000 let mtge $1,000,000 gold( 1904 5 g M-S 697,000 Mch 1 1924($1,000) eel Interest at Mercantile Trust Co., San Fran..
Trustee, or at U. S. Mtge. 63 Tr. Co.. N.Y.2d mortgage $250,000 goldi 1905 6 g A-0 217,000 1915($1,000) cf Mercantile Trust Co., San Fran., Trustee.Bonds.-The first mortgage bonds have a sinking fund "ample to take care
of bonds." 1302.000 are reserved for extensions at $17,500 per mile and75% of cost; $1,000 has been retired. Are subject to call at 110.EARNINGS.-For calendar year 1909. gross, $201,916; net, $47,969;
charges, $59,321; deficit, $11,352.ROAD.-Operates 34 miles of track from Petaluma through Sebastapol
to Santa Rosa. Connects at Pelatuma with steamers for San Francisco.Owns and operates steamer "Gold." Standard gauge, 70-lb. T-rails.OFFICERS.-Pres. and Mgr., E. M. Van Frank; V.-P., John A. McNear,
Sec. and Treas., Thos. Archer. V. 81, p. 508, 614.
PHILADELPHIA, PA.AMERICAN RAILWAYS CO.
• ORGANIZATION.-The American Railways Co. was incorporated underlaws of New Jersey in 1900 as a consolidation of the former American Rail-ways Co. and the United States Electric Ry. & Lt. Co., which latter hadonly $1,000 of outstanding stock. In Dec. 1905 purchased a controllinginterest in the Scranton By. Co., paying par ($50) for both common andpreferred stock. V. 81, p. 1847. The pref. stock of the Scranton Rywas paid for in the trust certificates given below (V. 81, p. 1847). V.
.
82,p 1375. In 1905 disposed of its holdings in the stock of the SpringfieldLight & Power Co., and in 1908-09 final liquidation was consummated.
In 1908 Blair Electric Co. was Incorporated to do a lighting business;has been given a perpetual franchise and 10-year contract to light town ofBeliewood. All stock owned by this company.In Jan. 1910 acquired control of the Johnstown Pass. Ry., the Lynchburg
Traction & Light Co. and the Roanoke Traction & Light Co. (V.89, p. 1595;V. 90, p. 235), and made two new issues of collateral trust bonds to providein part for cost of same. V. 89, p. 1595; V. 90, P. 235.
During year 1909-10 the Du Page Construction Co. of Illinois was dis-solved and Its assets (consisting of all the stock and bonds of the Chicago &Joliet Electric By. and the Chicago ec Desplaines Valley Electric Ry.)taken over by American Railways Co. The Peakiand Corporation wasformed during 1909-10 with $50,000 stock (all owned by American Rys.)to acquire and own real estate in vicinity of Lynchburg.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Common $25,000,000 ($50) _ _ _ 6 Q-M $6,363,000 Sept15'10.1 MCollet Trust $2,500,000 gold 551 5 g J-D 2,435,500 Dec 1 19111cony ($500 ea $1,000)___c* Int. at Prov. Life ,Ss Tr. Co.. Phila., Trustee.
Collet Trust $2,500,000 gold 1907 5 g A-0 2.500,000 April 1 1917($1,000 &$500)__c* Int. at Equitable Tr. Co., Phila., Trustee.
Johnstown coil tr, 51:500,0001 1910 5 J-J 1,500,000 Jan 1 1930gold ($500 & $1,000)_ ___c*IReal Estate Title Ins. & Tr. Co., Phila., trus.
Lynchb & Roan coil trust gold 1910 5% 987,500 Scranton Ry tr certfs 51.500,-1 1905 5 g M-S 1,499,000 Sept 1 1935000 gold ($1,000) reg JInt. at New York Trust Co.. N. Y., Trustee.
Bills payable June 30 1910 _-- 943,500 Bonas.-The collateral trust bonds of 1901 are redeemable at 105 and ac-
crued interest after Nov. 1 1904, and were convertible into stock at par atoption of holder at any time before that date. See V. 73, p. 1158' V. 74, p935. $64,500 were so converted. The collateral for the bonds consists of$1,050,000 stock (out of $1,100,000 issued) of the People's Ry. of Dayton;$1,600,000 first consol. 5s of the Chicago & Joliet Electric By. and $500,000first mtge. 6s of the Springfield (O.) Ry.The collat. trust issue of 1905 Is secured by deposit of a like amount of
Scranton By, pref. stock. They are redeemable since March 1 1907 at102 X and accrued interest. V. 81, p. 1847.The 1007 coll, trust bonds are redeemable on any Int. date at 102 and
interest. The collateral for the bonds consists of $1,475,000 stock of theAltoona & Logan Val. Elec. By. and $1,975,000 stock of the Scranton By. Co.Bonds arc listed on the Phila. Stock Exchange. V. 84, p. 1367.Johnstown coll, trust bonds of 1910 are secured by deposit of the stock
of the Johnstown By, Co. and are redeemable on any interest day at 102 Mand Interest. V. 89, p. 1595; V. 90, p. 235. $15,000 of the outstandingbonds are owned by American Railways.CONTROLLED.-The following is a list of the securities owned by the
Net income $353,294 $310,729 $327,113 $384,559Dividends (6%) 342,073 305,706 305,706 304,392
Surplus $11,221 $5.,023 $21,407 $80,167
DIVIDENDS.-First dividend on American Railways Co. stock, I %Dec. 1900, and regular quarterly payments since then, but rate Increasedto 114% Dec. 1901, and then to 134 % Dee. 1902, which rate has been con-tinued up to and including Sept 1910.CONTROLLED COMPANIES of the American Railways Co. for year
ending June 30 1910. The companies controlled earned combined gross,$3,431,039, against $3,188,040 In 1908-09; passengers carried in 1909-10,76,572,106, against 71,993,099 in 1908-09.ROAD.-Total track, 363.87 miles; 692 cars. Also owns about 316
acres of land for parks in Altoona, Dayton, Springfield, Bridgton, Joliet,Lynchburg and Roanoke.OFFICERS of American Railways Co.: Pres., J. J. Sullivan; 1st V.-P.,
W. F. Harrity; 2d V.-P., C. L. S. Tingley; Sec. and Treas.. Walter W. Per-kins; Asst. Sec., Treas. and Comp., Frank J. Pryor Jr.; Counsel, H. B. Gill;Gen. Mgr., H. J. Crowley. General offices, 904 to 913 Witherspoon Bldg.,1321 Walnut St., Phila.-V. 87, p. 740, 811, 812; V. 88, p. 293, 503; V. 89.P. 720, 844, 1595; V. 90, p. 165, 235, 371; V. 91, p. 716, 789(1) Bridgeton & Mill ville Traction.-Trolley.ORGANIZATION.-Chartered in New Jersey as successor May 3 1897
to the South Jersey Traction Co.. sold in foreclosure. Company owns twotoll roads besides the trolley road. Franchise is perpetual.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock, $500,000 ($50) $500,000 First mtge $500,000, gold,} 1900 5 g J-J 500,000 Jan. 1 1930guar ($1,000 and $500). Interest at Equitable Trust Co., Philadel-(cannot be called) *c phia. TrusteeBonds.-For form of guaranty by American Railways Co. see V. 71, p.
491. The bonds were listed on the Philadelphia Stock Exchange in Feb.1901. The following are deposited as security under the mortgage:1,000 shares of the stock of the Bridgeton Rapid Transit Co.377 " " " " Bridgeton & Millville Turnpike Co.
$250,000 (entire issue) 5% gold bonds of the Bridgeton Electric Co.ROAD.-Bridgeton to Mtlivmlle, 11 miles; Bridgeton to Cedarville, 814
miles; Bridgeton, local, tsg miles; also an extension from Cedarville toPort Norris, 12 X miles. Total. 38 miles.OFFICERS.-Pres., J. J. Sullivan; V.-P.. H. J. Crowley; Sec. and
Treas., C. L. S. Tingley; Gen. Mgr., B. F. Hires.-V. 72, p. 282.(2) Bridgeton Electric Co.-Acquired in 1899 by American Railways Co.ORGANIZATION.-Chartered in New Jersey Dec. 2 1895. Supplies
light and power in Bridgeton, Cedarville, Newport, Fairton, Dividing Greekand Port Norris, N. J. Stock, $25,000. Bonds, $250,000 first mortgage5% gold bonds, $1,000 each, dated July 1 1900, due July 1 1930, InterestJ. & J. at office of the company; Real Estate Title Insurance & Trust Co.,Philadelphia, Trustee. Whole Issue is pledged with the trustee of themortgage of the Bridgeton & Miliville Traction. This was done so as tobring the two properties (which are practically one) under the one mortg'e.(3) Chicago & Desplaines Valley Electric Ry.ORGANIZATION.-Incorporated in 1901 as a consolidation of the Chic.
& Desplaines Valley Elec. By. and the Desplaines Valley Elec. By. TheAmerican Railways owns the entire capital stock, of which $1,000,000is pledged under the mtge. of the Chicago & Joliet Elec. By., and also ownsthe entire $1,000,000 bonds, the whole amount being pledged.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $1,100,000 $1,100,000 First mortgage, 51,000,0001 1901 5 M-N 1,000,000 May 1 1931($1,000), gold c•lInt. at Illinois Tr. ec Sav. Bk., Chic., TrusteeBonds.-The full issue of the first mortgage bonds has been deposited as
collateral security under the bonds of the Chicago & Joliet Electric By.ROAD.-Extends from the Will County line, where it joins the Chicago 63
Joliet Electric Ry., to the city line of Chicago on Archer Ave. Total, 41
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT., 1910.] ELECTRIC RAILWAYS 87
miles. Branch from Summit to Lyons. The through route Chicago to
Joliet was opened Sept. 25 1901.OFFICERS.-Pres., .1. J. Sullivan; V.-P., H. J. Crowley; Sec. and Treas..
C. L. S. Tingley; Gen. Mgr., J. R. Blackhall.-V. 73. p. 183.
(4) Chicago & Joliet Electric Ry.-Trolley.
ORGANIZATION.-Incorporated as a consolidation of the Chicago &
Joliet Rapid Transit Co., the Joliet Street By. and the Joliet RR. Is oper-
ated by power purchased from the Economy Light & Power Co. of Chicago.
V. 73, p. 844. The American Itys. owns the entire outstanding $1,600,000
bonds and the entire $2,300,000 capital stock. In Nov. 1905 the American
Railways purchased 63 acres of land near Joliet, which was converted Into
a vatic. This park is owned by the Dcliwood Park Co., all of whose stock
is held by the American Railways Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $2,300,000 ($100) $2,300,000 _____ __-Chicago & Joliet Electric Ryl 1901 5 g M-N 1,600,000 May 1 1931
gold, $2;000,000 ($1,000)c* Int. at Illinois Tr. & Say. Bk., Chic., Trustee.
Joliet RR general mtge. gold 1898 5 g M-N 400,000 Apr.30 1918
ROAD.-Owns 30.3 miles of tack. Operates 62 cars. A 3 mile exten-
sion was completed In 1907.
OFFICERS.-Pres., Oscar T. Martin; V.-P., H. J. Crowley; Sec. and
Treas., C. L. S. Tingley; Gen. Mgr., Geo. C. Towle.-V. 69, D. 439.
(7) Altoona & Logan Valley Electric Ry.-Trolley.ORGANIZATION.-Incorporated in Pennsylvania Aug. 5 1903. Owns
the entire $65,000 stock of the Lakemont Park Co. also $39,000 of the $40,-
000 stock of the Home Electric Light & Steam Heating Co. of Tyrone, andleases that company for 99 years from July 1 1903; $35,000 of this stock isdeposited as additional security for the consolidated mortgage. In Aug.
1903 absorbed by consolidation the City Passenger By. and the Tyrone Elec-tric Ry. (previously owned), and increased Its capital stock from $500,000
to $1,500,000. V. 77, p. 1745.The American Ralways Co. owns entire stock Altoona de Logan Valley
Electric By. and $200,000 consolidated mortgage bonds.
STOCK AND BONDS- Date. Interest. Outstanding. Last div.,&c.
Stock, $1,500,000 ($50) _ $1,500,000 In '07-08.1 U
($500 and $1,000) guar by Interest at Equitable Trust Co., Philadelphia
American Rys Co c&r Trustee.
Bonds.-Of the new $4,000,000 mortgage bonds,3500,000 arc reserved
for extensions. These bonds are guaranteed, principal and Interest, byendorsement by American Rys. Co. No sink, fund and not subject to call.
Dividends.-In 1896 paid 2 %; in 1896-97, 2 }.6 %; in 1897-98, 1898-99,
1899-00. none; in 1900-01, 65 %; in 1901-02, 10%; in 1902-03, 10%; in
1903-04, 5 X %; in 1904-05, 5.7%; 1905-06, 6%; in 1906-07, 5%; in 1907-08.1 g%.EARNINGS.-For Year ending June 30 1909, gross, $452,295; net,
$179,407.ROAD.-Operates 49.91 miles of track, connecting Altoona, Bellwood.
Hollidaysburg and Tyrone. Extensions aggregating 4 miles were built dur-
ing 1907. Gauge, 5 ft. 3 In. Operates 103 cars.
OFFICERS.-Pres.. J. J. Sullivan; V.-P., H. J. Crowley; Sec. andTreas.. C. L. S. Tingley; Gen. Mgr., S. S. Crane.-V. 79, p. 680; V. 80.
p. 649, 710, 2456, 2619; V. 82, p. 333, 391, 803.
(8) Scranton Rail way.-A trolley road.
ORGANIZATION.-On Jan. 1 1897 assumed all the assets and liabilities
of the Scranton 'fraction Co., &c. V. 83, p. 1064; V. 64, p. 85.
The company owns all the stock of the Pittston do Scranton Street By.
and the Lackawanna Valley Traction Co. and practically all of the stock of
the Carbondale By.; also $25,000 of the $100,000 (Increased Feb. 1910 to
$250,000. V. 90, p. 448) stock of the Scranton Dunmore & Moosic Lake
RR. Co., having $100,000 6s due Jan. 1 1933, the entire issue of Carbondale
By. mortgage of 1900 ($300,000), $114,000 of tile $115,000 bonds of the
Lackawanna Valley Traction Co. and $60,000 of the $355,500 bonds of the
Scranton & Pittston Traction Co.In 1010 Scranton Ity, took a perpetual lease of the Scranton Dunmore &
Moosic Lake RR. (95i-mile steam road) and will electrify and operate it;
V. 90. p. 371. In 1910 consolidatal with Scr3n & Cart). Trac. and the
Scranton & l'ittston Traction. The latter company owned the entire stockof the Stark Land Co. and tile Pittston Suburban Pass. By. (a consolidationof the Pittston Jenkins & Avoca Street By.; the old Pittston SuburbanPassenger Ry. and the Lackawanna Street fly). V. 90, p. 1044.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common, $4,500,000 ($50)___ ____ $2.039,1100 Preferred, 5% cumulative, All but $750 of the preferred stock has been
$1,500,000 ($50) retired by the issue of trust certificates.See statement of American Rys. Co above.
Soren Trac 1st M, $1,000,0001 1892 6 g M-N 1,000,000 Nov. 1 1932($1.000) gold, no option_c*f Interest (x) at American Rys. Co., Phila.
Soren Pass Ry 1st M ($1,000) _ 1890 6 M-N 100,000 May 11020People's St By 1st M ($1,000) g 1888 8 g F-A 200,000 Aug. 1 1918People's St By gen mtge, gold.. 1891 6 g J-D 100,000 Dec. 1 1921Scranton By M. 82,500,0001 1897 5 g J-.1 1,100,000 Nov. 1 1932
gold ($1,000) c*lNew York Trust Co., New York City, TrusteeScranton & Carb'd 1st mtge.} 1893 6 g J-J 150,000 Jan 1 1923
$1,000,000, g ($1,000) _0 Int. at American Rys. Co., Phila. Lack.Free of State tax. T. dc S. D. Co.. Scranton, Trustee.
Soren & Pitts M. $525,000, ir} T.
6 g A-0 355,500 Oct 1 1923($1,00(1 and $500) c• Int. at Union Trust, Trustee, Phila. Nos. 1Guar. by Scranton Trust__ to 400 $1,000 each & Nos.401 to 650 $500.
x Free of United States and Pennsylvania State taxes.
Bonds.-01 the $2,500,000 Scranton By. mortgage 5s of 1897, $1,400,000
are reserved to retire prior bonds at maturity. Scranton & Carbondale
bonds for $100,000 are reserved for power plant, If required, and $750,000
for purchase of other railroads and new property. Of the $355,500 Scran-
ton & Pittston bonds outstanding, $295,500 arc guaranteed by the Scranton I
Hy.: the remaining $60,000 arc owned by the Scranton By.ROAD.-Owns and operates all the street roads In and around city of
Scranton, having an aggregate mileage of 90.84 miles.
REPORT.-Now included in report of American Railways Co.
OFFICERS.-Pres.. J. J. Sullivan; V.-P. Henry J. Crowley; Sec. andTreas., C. L. S. Tingley.-V. 88, p. 1062; V. 90, p. 1045; V. 91, p. 39.
(a) Carbondale Rail way.-A trolley road.This is the old Carbondale Traction Co.. which was sold at foreclosure
In 1900. The Scranton Railway Co. owns $450,000 stock of the CarbondaleBy., also the $300,000 5% gold bonds due June 1 1926. Road is leased toScranton By. In 1909 increased stock from $450,000 to $486,000 andconsolidated with the Blakely & Dickson Traction Street By., formerlyowned by the Scranton & Carbondale.
In 1910 created the mortgage below for $500,000, guar. p. & I. by Scran-ton By., in exchange for a like amount of coll. tr. bonds of the Scranton By.V. 90, p. 1045.STOCK AND BONDS- t Interest. Outstanding. Maturity.
Stock auth, $486,000 ($50)-------1 $486,000 1st M, Carbondale Traction} 1892 6 g J-J 150,000 July 1 1922Co., c*&r, $150,000, gold Interest at Central Trust Co., New York.($500 and $1,000) Trustee.
Carbondale R'way; 1st mon-) 1900 41 5 g J-D 300,000 June 1 1926gage, $300,000, gold, regis- }Interest at American Rys. Co., Philadelphia.tered JGeo. L. Estabrook, Philadelphia, Trustee.
Carbondale By gen mtge____ 1910 5 J-J 500,000 1933
Bonds.-FIrst mortgage of Carbondale Traction, due 1922, has a sinkingfund of $2,500 per annum after July 1 1895, but bonds cannot be called.The bonds due 1928 have no sinking fund, but can be called at anytime at 105 and accrued interest upon 10 days' notice. Carbondale By,mortgage for 1910 is guar., p. & I., by the Scranton By.
ROAD.-System includes 16.01 miles of road, beginning at Forest City.Pa., and running through Vandling, Richmondale, Simpson, Carbondale,Mayfield, Jermyn, Archbald to Peckville, where It connects with Scrantonlines.-V. 69, p. 1061; V. 70, p. 75; V. 90, p. 1044.
(b) Lackawanna Valley Traction Co.-A trolley road. Stock, 8400.000:bonds, $115,000. Operated by Scranton By., which owns all the stockand $113,000 of the bonds. Owns the entire stock of the Olyphant &Winton Trac. St. By., the Mt.Vernon El. St. By. and the Olyphant Sub.Trac. Co.
(9) Lynchburg Traction & Light Co.-Trolley.In 1910 American Railways acquired control. V. 90, p. 167. 235.
ORGANIZATION.-Incorporated in Virginia, and is a consolidation onMay 1 1901 of the Lynchburg Electric Railway & Light, the Lynchburg &Rivermont Street By. (franchise perpetual), the Lynchburg Gas Co. andthe Lynchburg Water Co., and comprises all the street railways, gas worksand electric-light plants of Lynchburg and hydraulic power development atReusens, Va.; also owns all the stock of the Lynchburg Water Power Co..and has assumed the $500.000 1st mtge. 5% bonds of that company.
In 1907 authorized stock was Increased from $750,000 to $1,000,000 toprovide for the convertible feature of new bonds.American Railways owns entire capital stock and $65,000 of gcn. mtge.6s.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock, $1,000,000 ($50) _ J-D $750,000 See text.First mortgage. 81,000:655T 1901 5 g M-N 861,000 May 1 1931sinking fund ($1,000) goldiReal Estate Prust Co.. Philadelphia, Trustee.c• Interest at R. M. Janney & Co.. Philadelphia.
Gen mtge cony. $250,000, 1907 6 g J-D 8250,000 Dec 1 1917gold ($1,000) c5 Logan Trust Co., Philadelphia, Trustee.
Lynchburg Gas Co first mort-J 1900 5 M-S 111,000 1930gage $250,000 Int. at Real Estate Trust Co.. Phila., Trust.
Lynchburg Water Power first) 1902 5 490,000 July 1 1932
mortgage. $500,000 f Real Estate Trust Co., Philadelphia, Trustee.
Dlotdends.-In 1904. July. 1%: Nov., 1%; in 1905, 2%; in 1906. 234/n 1907, 3%, In 1908, June 15, 134% and 1% extra; Dec. 15. 1 A % and1% extra. In 1909, June 15, 1 A% and 1% ext.; Nov. 15. 1 A% &1% ext.Bonds.-The new gen. mtge. bonds are subject to call on any int. period
at 103 and int.; they are convertible at any time into stock at par. V. 86. p.52. No s. f. Of the 1st mtge. bonds, $111,000 are reserved to retire bondsof like amount of Lynchburg Gas Co. due 1930, and of which no more areto be issued; $28,000 have been canceled. Sinking fund of 1% per annumbecomes operative in 1906, which is increased in 1916 to 134%. EntireIssue can be called at any time.
ROAD.-Owns and operates 14.08 miles of track in city and suburbs.60 to 100-lb. T and girder rails. Standard gauge. 35 pass. cars, 1 snowplow, 1 sweeper. Owns Rivermont Park.-V. 72, p. 873; V. 86, p. 52,168, 1529; V. 90, p. 167.
(10) Roanoke Traction & Light Co.In 1910 American Rys. purchased control. V. 90, p. 168, 235.
ORGANIZATION.-Incorporated in Virginia July 28 1908. Owns theRoanoke Water Power Co., the Bedford Power Co.. the James River WaterPower Co. and the Roanoke Heat, Light & Power Co.. and controls, throughownership of all the capital stock, the Roanoke Railway & Electric Co. TheRoanoke Water Power Co. had $350.000 bonds which were bought in andmortgage satisfied. The Roanoke Heat, Light & Power Co. had issued$250,000 bonds, all of which have been retired (V. 87, p. 1089, 1160).
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock, $2,000,000 ($100) $1,000,000 First mtge and coil trust 83,-f 1908 5 g F-A 1,250.000 Aug 1 1958
000,000 (81.000) gold___c* Int. at Bloren & Co., Phila., or Baltimore111 714,31111' ' ' Trust & Guarantee Co.Baltimore, TrusteeBonds.-$750,000 bonds are reserved to retire a like amount of bonds
of the Roanoke Ry. & Elec. Co. The remaining $1,000,000 are reserved
for additions and extensions at not exceeding 85% of cost. Bonds aresubject to call on any interest day at 105 and interest. Sinking fund of 1%
of outstanding bonds, payable Feb. 1 1919 to 1928; 134% thereafter.
(a) Roanoke Railway & Electric.-A trolley road with electric light and
power department.
ORGANIZATION.-The Roanoke Street Ry. and the Roanoke Electric
Light & Power were both sold at foreclosure Aug. 1 1899. The presentcompany was Incorporated In Virginia. Franchises said to be perpetual.Does all lighting and railway business in and about Roanoke, Salem and
Vinton. Owns 250 shares of Roanoke Traction dc Light Co. stock.
STOCK AND BONDS- Date. Interest. Outstanding. MaturityStock, $500,000 ($100) _ __ - J-D $500.000 Dec.16 '07,3First mortgage, 1300.000,g' 1899 5 g J-D 69.000 Dec. 1 1949($1,000) sinking fund lint. at Mercantile Tr. do Dep. Co.. Bait., Tr.
First consolldated mortgage,' 1903 g F-A 675,000 Feb. 1 1953$750,000 ($1.000) g s f__c*lInt. at Real Estate Trust Co., Phila., Trustee.
Bonds.-$75,000 of the consol. mtge. bonds are reserved to retire $69,000
of first mtge. bonds. Sinking fund on Feb. 1 1910 annually to Feb. 1 1920.
1% of outstanding bonds and thereafter 1 34%.""vidends.-In 1904. 3 A %; in 1905. 5 A %; in 1906, 8 %; in 1907, June.
3%; Dec., 3%; none since.EARNINGS.-For 12 months ending May 1 1909 of Roanoke Ry. &
Elec. Co. and 10 months of competing electric company (acquired), surplus
after payment of all charges of both companies, $31,451.
ROAD.-Operates in Roanoke; also extensions to Salem and Vinton,
Va.; total, 2634 miles of track. 35 passenger cars. 4 other cars. 50, 60
and 72-lb. rail. Also owns park and theatre.-V. 86, P. 1530; V. 87,
p. 481, 1089, 1160; V. 88, p. 378; V. 90, p. 168.
LINES LEASED.Johnstown Traction Co.ORGANIZATION.-Incorporated in Pennsylvania on Feb. 24 1910
with $500,000 ($100) stock, to take a lease of the Johnstown Pass. By.
from the Amer. Rys. Co., for 18 years from Jan. 5 1910. V. 90, p. 698. 849.
(1) Johnstown Passenger Ry.-A trolley road.Lease.-Is leased to the Johnstown Trac. Co., which company agrees to
pay all charges and guar. divs, as follows: 1st year 7 %; 2d year, 7 A
3d year, 7 Yi %; 4th year, 734%, and thereafter 8%, and in addition to
spend $200,000 in improvements within 3 years from date of lease. The
lessee has the privilege of purchasing the road at any time within 5 yearsfrom date of leaseORGANIZATION.-Incorporated in Pennsylvania on May 8 1882.
Franchise expires in 1981. In Dec. 1909 American Rys. Co. acquired
81,9 0,000 of the stock of this company through purchase or exchange,
share for share, for Amer. Rys. stock. V. 89, p. 1596, 1668.
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88 ELECTRIC RAILWAYS [VOL. Lxxxxi.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock. 52.000,000 (550) _ - Q-J 31 52,000,000 Oct. 30'09, 34,Con M. $800,000, g (51,000), 1899 4 g J-D 399,000 Dec 1 1929can be called any int day.c* Int. at Guaranty Trust Co., N. Y ., Trustee.
Ref. mortgage. 52,000,000 1901 4 g J-D 1,601,000 Dec 1 1931gold ($1,000) c* Interest at Johnstown Trust Co., Trustee.Bonds.-Of the new mtge. of 1901, $399,000 is reserved to retire underly-
ing liens. Entire issue may be called at any time at 105 upon 6 weeks'notice. See V. 73, p. 1313; V. 89, p. 1596. In June 1909 $229,000 refund.bonds were offered to refund 1st 6s due March 1910. V. 88, p. 1620.Dividends.-In 1894, July 1. 6%; in 1895, 12%; 1896, %; 1897, 6%.
1898, 8%; in 1899, 8%; in 1900 (on new stock), 4%; in 1902. none; in 1903,2%; in 1904, 2%; in 1905, 2%; In 1906, 3%; In 1907, 3%; in 1908. nirch.5(70: none to Jan. 1909. when 3% was paid; Apr. 30, Yo,%; July 31. %;Oct. 30, 3 %. In Jan. 1910 omitted usual annual dividend payable inquarterly installments.EARNINGS.-Year ending June 30 1909, gross, $456,840; net, $234,077;
int. & taxes, $111,325; surplus, 5122,752, of which $91,300 was deductedfor depreciation.ROAD.-Owns and operates about 35 miles of track, including an exten-
sion from Johnstown to Windber, 10 miles, completed on Jan. 1 1902.About 60 cars.-V. 73, p. 662, 1313; V. 88, p. 1620; V. 89, p. 1596, 1668V. 90, P. 502, 849.
FAIRMOUNT PARK TRANSPORTATION.ORGANIZATION.-A New Jersey corporation formed in 1894. Charter
perpetual; license from Park Commission runs until July 24 1939. Owns anelectric railway in Fairmount Park. From Nov. 30 to May 1 operation isoptional. Owns Woodside Park. Road opened Nov. 1896.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $2,000,000 ($50) $2,000,000 See text.1st mortgage, gold, $500,000,1 1897 5 g M-S 500,000 Sept 1 1912
call 105 after Sept 1 1002 )Girard Trust Co., Philadelphia, Trustee.($1,000) cslAs to bonds of 1897 see V. 65, p. 620.
2d mortgage, $250,000, gold l 1900 5 g M-S 188,000 Sept 1 1912($1,000) Of Int. at Girard Trust Co., Phila., Trustee.Bonds.-New 2d mtge. can be called at 105 and int. on 30 days' notice.Dividends.-First dividend paid Dec. 1 1897, 2%. None since.ROAD.-8.47 miles of track in West Park and East Park; crosses Schuy -
kill River on a steel bridge. Rails are 90 lbs. 10 closed, 50 open cars.EARNINGS.-Year ending Oct. 311909, gross, 5141,637; net, $73,654;
barges, $49,401; surplus, $24,253; net profits Woodside Park, $1,948.OFFICERS.-Pres., C. B. Platt; V.-P., J. R. Jones; Sec. and Treas.,
W. C. Martin; Ridge Ave., Bank Building. Philadelphia.--V. 65, p. 620'. 70, p. 686; V. 71, p. 683; V.87, p. 1605.
ELIZABETH & TRENTON RR.ORGANIZATION.-Incorporated in New Jersey on May 19 1910 as
successor to the Trenton & New Brunswick RR. and the New Jersey ShortLine RR., both sold at foreclosure. Stock authorized, $900,000 corn.,$300,000 (5% cum.) pref. V. 90, p. 1362. 1st mtge, bonds will be issuedto provide for future needs. It is understood that the Public Service By.will later take over the property if satisfactory arrangements can be madeBondholders are to get in return for present holdings 25 % in new corn.stock. To realize $180,300 cash, $180,300 new pref. and $360,600 newcom, stock will be sold. See plan in V. 89, p. 1282, 1349. Road formspart of the through line from New York to Philadelphia.ROAD.-Operates about 25 miles of standard-gauge track between Tren-
ton and New Brunswick, over private right of way. V. 90, p. 1362.
RIVERSIDE TRACTION CO.-Trolley.ORGANIZATION.-Incorporated in New Jersey on June 20 1910 as suc-
cessor to the Camden & Trenton By., sold at foreclosure. Auth. stock,51,500,000 ($30). See plan, V. 88, p. 1126.Owns 395 out of 400 shares (par $50) of the capital stock of the Cinna-
minson Electric Light, Power & Heating Co. of Riverton, N. J., which sup-plies the towns of Beverly, Delanco, Riverside, Riverton and Palmyra withlight. Also owns 1,362 shares (par $10) out of 1,600 shares of the capitalstock of the Bordentown Electric Light & Motor Co., which supplies lightto Bordentown and vicinity.EARNINGS.-For Camden & Trenton Ry. for cal. year 1908, gross,
$156,723; expenditures for operation, superintendence and managementduring year, $110,303.BOA D.-Comprises the electric-light plants and 88 miles of road between
Trenton and Riverton (where connection is made with Camden & SuburbanRy. tracks). By a contract between this company and the Camden & Sub-urban. the Camden & Tren. By. cars run direct to the Philadelphia Ferry atMarket and Federal streets, Camden.
PHILADELPHIA & WEST CHESTER TRACTION.-A trolley road.The Eastern Securities Co. has acquired control.ORGANIZATION.-Chartered in Pennsylvania on April 24 1895. Mu-
nicipal franchises are perpetual. In 1898 acquired control of the Phila. &West Chester Turnpike Road Co., which in turn controlled the DelawareCounty Passenger RR. Also controls the Phila. Castle Rock & West Ches-ter Passenger By. Co. In Jan. 1902 leased the Ardmore & Llanerch St.By., a line between the points named, 31-3 miles; it has no bonds or otherdebt. Rental is 5% on the outstanding stock ($300,000 auth., $280,400outstanding) and payment of taxes and organization expenses. Leasesthe Philadelphia & Garrettford St. By. (which it also controls) at 5 % onstock and interest on bonds.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, 51,000,000 (par $50) $894,000 See earns.1st M, $400,000, gold, subject 1898 5 g J-J 400,000 Oct 1 1918to call at 105 (51,000)____c Int. at Girard Trust Co., Phila., Trustee.Mtge. bonds, $1,000,000, gold 1904 4 g J-J 534,000 Jan 1 1954($1,000) Int. at West End Tr. Co., Phila., Trustee.
Phila & Gar 1st M. $3000,- 1905 5 g F-A 752,000 Aug 1 1955gold c Int. at West End Trust Co., Phila., Trustee.
Bonds.-$466%0 00 of the 4s of 1904 are reserved to retire 5400,000 1st mtg.bonds. Bonds of either issue can be called at any time at 105 and interest;no sinking fund. The Phila. & Gar. bonds can be called at 105 and Intereston any interest day.EARNINGS.-For year ending June 30 1909, gross, $291,015; net, $131,-
097; other income, $6,440; int., taxes & rentals, $111,486; dividends (2 ),5$21,950; surplus, $4,101.ROAD.-Operates 39.31 miles of track from 63d and Market streets,
Philadelphia, to West Chester, of which 13.31 miles is leased. Gauge,5 ft. 2 X in.; 58, 60 and 70-lb. T rail. 38 cars.OFFICERS.-Pres., A. Merritt Taylor, Phila.; V.-P., H. H. Alkens,Treas., C. L. Rihl; Supt., C. B. Fulton. Gen. offices, 610 Arcade Bldg.;
Phila.-V. 81, p. 727, 1551; V. 84, p. 1552
RAILWAYS COMPANY GENERAL.ORGANIZATION.-Incorporated at Trenton, N. J., Aug. 25 1899. Is
empowered to build, lease, sell, purchase and operate street railways, elec-tric light, gas. Illuminating plants and water works, and also to acquire ordispose of the securities of the same. Stock auth., $700,000, shares $10; allIssued. Is listed on the Philadelphia Stock Exchange. Stock was origi-nally $10,000,000 (par $5) auth. and $1,500,000 outstanding, but was re-duced in Oct. 1901 to $1,200,000 (par $10) by vote of the stockholders.V. 73,
p. 338. In Sept. 1905 amount was again reduced, this time to$900,000 (V. 81, p. 841), and in Sept. 1906 was further reduced to $700,000V. 83, p. 752. Stockholders voted in Dec. 1908 to decrease stock to
$500,000. V. 87, p. 1664; V. 88, p. 53. Up to Sept. 1910 stock hadnot been reduced. Control passed in Nov. 1902 to parties represented byVice-Pres. Dick. In Dec. 1905 sold its holdings in the stock of the Michi-gan Trac. Co. and the stock and bonds of the Elmira & Seneca Lake By.In 1910 disposed of its holdings in Lewisburg Milton &WatsontownPass. Ry.. Montoursville Elec. Lt. Co. and Montoursville Pass. By., andreinvested its funds, though in what manner is not stated. Still owns$417,000 Mich. Trac. Ext. Co. 5s. Balance sheet for June 30 1910 showssurplus of $357,556 above liabilities, including $700,000 stock.REPORT.-For years ending June 30: Income from dividends on stocksand Interest on bonds for subsidiary companies: In 1910, $90,313; in 1909,$91,467;. salaries, rents, taxes, &c., In 1910, $22,226; in 1909, $15,071:dividend In 1910, $16,800; in 1909, none; surplus, in 1910, $51,287; in1909, $76,396.Dividends.-First div.-10%-was paid Sept. 15 1909 (V. 89, p. 594)Nov., 1% In 1910, Feb., 1%; May, 1%; Aug., 1%.
OFFICERS.-Pres., ; V.-Ps., F. J. Lisman and E. R. Dick;Sec. and Treas., H. C. Winchester: Asst. Treas.. L. D. Maltble.-V. 85.p. 601. 718: V. 87, p. 811, 1664: V. 88, p. 53; V. 89, p. 594, 776. 994.
PHILADELPHIA RAPID TRANSIT.-Controlled by the Widenersyndicate.
Incorporated in Pennsylvania on May 1 1902 to take over under lease theUnion Traction Co. for 999 years from July 1 1902, and to acquire and holdshares of other corporations. (For terms of lease, see Union Traction be-low.) The Rapid Transit Co. acquired numerous franchises for new roadsobtained by the Mack-Foerderer syndicate in 1901. In June 1903 the Mar-ket St. Elev. Pass. By., with $5,600,000 authorized capital stock, wasformed to absorb a number of these franchises. V. 76, p. 1301. In June1903 the Rapid Transit Co. obtained from the Philadelphia City Councilsother valuable franchises for new lines. In April 1906, however, an agree-ment was entered into with the city relinquishing nearly all the rights to thefranchises of 1901 and 1903
' and the whole matter of the company's fran-
chise rights was readjusted on a new basis. See V. 82. p. 693, 870.Subway has been built in Market St. from 23d St. to Delaware Ave.:
elevated structure on Market St. west of the Schuylkill River, and on Dela-ware Ave. from Market St. to South St. V. 74, p. 528, 989; V. 76, p. 1301;V. 81, p. 265. In March 1907 began operating on that portion of the ele-vated from the Schuylkill River west to the Upper Darby terminal station,a distance of about 4 miles. V. 84. p. 571. On Aug. 3 1908 the entiresubway from 2d St. to 23d and Market St. was placed in operation, thuscompleting line through to 69th St. V. 87, p. 347. On Oct. 6 1908 ele-vated line on Delaware Ave. to South St. Station was placed in operation.completing entire line. V. 87. p. 936.In July 1902 acquired all the stock of the Doylestown & Willow Grove
By. Co. Also owns entire stock of the Philadelphia & Willow Grove StreetBy. Co. and entire stock ($10,000) of the Real Estate Holding Co., whichowns property of an assessed value of $463,850.On July11906 the Phila. Morton & Swarthmore By. and the Media Mid-
dletown Aston & Chester Elec. By. were consolidated, forming the DarbyMedia & Chester Q.v. The new company, embracing 25 miles of track, wasthereupon leased to the Phila. Rapid Transit Co. for 999 years, rental being58,500 for first year, $17,000 for second and third years, $25,500 for lourthyear $34 000 for fifth year and 542,500 for sixth year and thereafter.With Aug. 1 1906 the Rapid Transit Co. began to sell passengers 6 tickets
for 25 cents. V. 82, p. 1439. In Oct. 1908 company sought to make thesetickets non transferable and to restrict their use to the purchaser (V. 87,p. 936), but in Nov. 1908 abandoned all restrictions again. V. 87. p. 1301.On May 18 1908 company put into force a rule allowing transfers only uponpayment of full 5-cent cash fare. V. 86, p. 1160. On Jan. 27 1909Common Pleas Court No. 2 sustained company in this rule in a test suitbrought by city. V. 88, p. 296. This in turn was affirmed by the Penn-sylvania Supreme Court on April 26 1909. V. 88, p. 1093, 1129. On May 241910 Pennsylvania Supreme Court affirmed the decision of Common PleasCourt No. 2 in July 1909 (V. 89, p. 225, 287) ,declining to compel the restora-tion of a 6-for-a-quarter strip tickets (which were discontinued In May 1909;V. 88, p. 1165, 1197), on the ground that the sale of strip tickets is not achange in rate of fare, but a change of a detail in management which thecompany is not bound by law or contract of July 1907 with city to makepermanent. V. 89, p. 225, 287. For reasons against restoring strip tickets,see V. 89, p. 163.
Strike.-On May 29 1909 a strike on the surface lines began (V. 88,p.1438), and lasted for a week. For terms of agreement see V. 88, p. 1500.A new strike to obtain an increase in wages to 25 cents an hour and ex-clusive recognition for the Amalgamated Car Men's Ass'n, which beganFeb. 19 1910 (V. 90, p. 580), was declared off on April 25 1910. See com-pany's terms, V. 90, p. 1102.
Adjustment of Relations with City.-On Feb. 18 1907 the board of direc-tors accepted the plan submitted Jan. 1907 by the Retail Merchants' Asso-ciation of Philadelphia for a readjustment of the relations between the cityand company. The plan confers upon the city the right to purchase at anytime after June 30 1957 all leases, franchises and property of the company atthe company's actually paid-in capital, $30,000,000. The city is to havethe right to assign or sell this option. Furthermore, a sinking fund is to beestablished, to be taken out of the gross receipts of the company, which,calculated at 4%, will amount to at least $30,000,000 at the expiration of50 years, to enable the city to acquire the property at that time. Anotherfeature in the arrangement is that, beginning with Jan, 1 1907, the city isto share equally In the net profits after stockholders have received lawfulinterest on the capital invested by them. All franchises for further surface,elevated or underground railroads within the city are to be first offered thePhila. Rapid Transit Co. under terms of this contract. The city is also tohave three members on the board of directors. The present rate of fare isnot to be changed except with the consent of both parties. As part of thearrangement, the Rapid Transit Co. agreed to call the $12,000,000 then stilldue on its stock at the rate of $3,000,000 every six months, the money to beused to give increased and improved service. For further details of plan,see V. 84, p. 451, 1552. An ordinance embodying the above features waspassed by the Phila. City Council on June 20 1907 (V. 84, p. 1488) and rati-fied by the company July 18 1907. On Sept. 27 1909 in a suit brought totest the validity of the foregoing ordinance Common Pleas Court No. 1 sus-tained the demurrer interposed by the company. V. 89, p. 847. OnJuly 29 1907 directors called for payment the final assessment of $15 ashare on stock, payable in two installments-$7 50 Sept. 9 1907 and $7 50Sejot. 7 1908. V. 85, p. 284, 1402.In June 1908 the City Councils approved the company's proposition to
pledge its assets to secure a $5,000,000 loan. V. 86, p. 1530. StockholdersSept. 16 1908 approved proposition. See V. 87, p. 740. In Oct. 1908stockholders of Union Trac. Co. and the Phila. Trac. Co. approved the useof securities (see V. 87, p. 813, 1161) , owned by them as security for the newloan, and the $5,000,000 coll. trust mtge. shown below was thereupon auth-orized. Provision has been made for exchange of new bonds for the coll. tr.bonds due 1917 of Phila. Traction Co., bond for bond. V. 88, p. 376.On June 20 1910 stockholders voted to further increase indebtedness not
exceeding $5,000,000 (V. 90, p. 1102; authorized by City Councils May 51910' V. 90, p. 977, 1240), and as part of the plan to discontinue the insur-
ance fund valued at over $1,750,000, and to pledge or sell the securities insaid fund, applying the proceeds to general purposes of the company; alsoto sell the rolling stock of the company to the Union Trac. Co. for 51,500,-000, taking lease of same for 10 years at rental of $150,000 a year and int.,with right to re-purchase equipment at the end of 10 years for $1. Thislease to be made basis of a $1,500,000 issue of car trusts by Union Trac. Co.V. 90, p. 1426, 1555, 1677; V. 91, p. 337.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $30,000,000 ($50) ----- - J600,000 shares 1 Full paid. I
Coll trust mtge 55,000,0001 1908 5 g F-A $5,000,000 Feb 1 1957($1,000) gold c*; Int. at Penn. Co. forms, on Lives it Granting
'Annuities, Philadelphia, trustee.Market St El 1st mtge 510,4 1905 4 g M-N $10,000,000 May 1 1955000,000 gu gold($1,000)..c*1 Int. at Land Title & Trust Co., Phila., Trus.
Darby Media & Ches 1st mtgef 1906 4 )4 g J-J 865,000 July 1 193851.500,000 ($1,000) gold_ clInt. at Land Title & Trust Co., Phila., TrustStock was listed on the Phila. Stock Exchange in July 1902 and in Feb.
1905 on N. Y. Stock Exchange. A second call of $5 was made on the sharespayable July 6 1903; a third for $6, payable Jan. 20 1904; a fourth for $9.payable Jan. 20 1905; a fifth for $5, payable July 10 1906; a sixth for $5.payable Dec. 10 1906; a seventh, payable May 6 1907; an eighth. for *7 50.payable Sept. 9 1907, antj a ninth, for $7 50, payable Sept. 8 1908, making$50 (all) per share paid in.Bonds.-Collateral trust bonds are secured by deposit with trustee of
securities owned by Phila. Rapid Transit and also securities of Union Trac.Co. and Phila. Tram. Co.; entire issue subject to call at 105 on 6 weeks' pub-lished notice on and after Feb. 1 1912. A sinking fund, which will retireall bonds by Feb. 1 1957, begins operations Feb. 1 1912. The MarketStreet Elevated By. bonds cover the subway and the elevated road onMarket St. See V. 80, p. 652. They are guaranteed, principal andinterest, by endorsement by the Phila. Rapid Transit Co. Are subjectto call on any int. date at 1023i and Int. V. 84, p. 749; V. 86, p. 547.The Darby Media & Chester Street By. bonds are guar.. p. & I., by en-dorsem't by Phila. Rap. Tr. Co. Can be called at 102)i & int. on or afterJuly 1 1916.Both the collateral trust bonds and Market Street Elevated bonds were
fisted on the Philadelphia Stock Exchange in April 1909. V. 88, p. 945.ROAD.-Total trackage, Including all lines leased and operated. 627.65
miles. Owns 3,857 cars.ANNUAL REPORT.-Fiscal year ends June 30. Annual report for
1909-10 was given in V. 91, p. 789.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
--- - -$9,433,255 $8,762,994Total net income__ .. _ 38,614,598 $8,245,593
Taxes and licenses a$1,569,A58 a$1,464,953 a$1,394,127 $1,120,683Union Traction div .._ . (6)1,800,000(6)1,800,000(5)1,500,000(5)1,500,000Fixed charges (b) 6,574,463 6,392,573 5,960,916 5,988,958
Deficit *31,329,723 $224,271 $02,049 $364,048
• Deficit in 1909-10 due to strike.a The Item of "taxes and licenses" Includes the $500,000 which the com-
pany now pays annually to the City of Philadelphia in lieu of paving, li-censes on cars, &c. Cost of paving In previous years was Included in oper-ating expenses. b Interest on the $10,000,000 Market St. Elev. 1st M. isnot included prior to year 1908-09 as the line was not placed in operationuntil Aug. 1908.OFFICERS.-Chalrman of Board. John B. Parsons; Pres., Chas. 0,
Kruger; V.-P., Clarence Wolf; 2d V.-P., Compt. & Gen. Mgr., Alex. Ren-nick; Sec. and Treas., R. B. Selfridge; Asst. See. and Asst. Treas., A. DHallman; Asst. Sec., Jas, J. Springer; Asst. Gen. Mgr., J. M. Gorman, all ofPhiladelphia.-V. 88, p. 296, 376, 625, 945, 1129, 1166, 1197, 1438, 1500,1561, 1621; V. 89, p. 163, 225, 287, 666, 719, 721, 847; V. 90, p. 560,977, 1102, 1240, 1426, 1555, 1677; V. 91, p. 337, 789.
(1) Doylestown EL Willow Grove Ry. Co.-A trolley road.In July 1902 was acquired by the Philadelphia Rapid Transit through
purchase of the entire capital stock ($500,000) for $20,000. The RapidTransit Co. guarantees interest on the bonds. See V. 79. p. 1331.
STOCK AND BONDS.- Date. Interest. Outstanding. MaturitY.Stock $500,000 ($50) $500,000 1st mtge $500,000 ($1,000)1 1900 4 g J-D 500,000 June 1 1930
gold guar celLand Title & Trust Co.. Phila., Trustee.ROAD.-Owns and operates 13.60 miles of road from Doylestown to Wil-
low Grove, running over the old turnpike between those places, which isleased for 999 years.EARNINGS.-Included in Phila. Rapid Transit Co.-V. 79, p. 1331.
(2) Twenty-Second Street 8: Allegheny A ve. Passenger Ry.ORGANIZATION.-Formed in 1903 and merged the old Twenty-second
St. & Allegheny Ave. Pass. By. Co. (chartered 1800), the Fairmount &Frankfort Ry. Co., Fisher's Lane By. Co., Lindley Ave. Ry. Co , CheltenAve. Pass. By. Co , Germantown & Fairmount By. Co. and the Phila. &Trenton Rapid Transit St. By. Co. Is leased to the Phila. Rapid TransitCo. for 6 % per annum on paid-in capital.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $1,302,000 ($50) if 22,456 sh. $25 paid. f
Due lessee June 30 1909 _ _ __ 561,400 ROAD.-Operates about 39 miles of track.Treasurer, A. D. Hallman.
(3) Philadelphia St Willow Grove Street RY. Co.ORGANIZATION.-Is a consolidation in 1904 of the Phila. & Willow
Grove Street By and the Glenside & Wllow Grove Street Ry. Entirestock is owned by the Phila. Rapid Transit Co., which guarantees the bonds,prin. & int., by endorsement See guar. V. 79, p. 904.
STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.Stock $1,000,000 $1,000,000 1st mtge $1.000,000 guar goldi 1904 4;4 g J-J 1,000,000 July 1 1934($1,000) c*fInt. at Land Title & Tr. Co., Phila., Trustee.Bonds.-Bonds are subject to call on any interest date at 105 and interest
upon 30 days' notice. A sinking fund begins after 5 years; of $10,000 perannum for live years, $15,000 per annum for following 5 years, and $20,000per annum for the ensuing 15 years. See V. 79. p. 904.ROAD.-Operates a double-track road from intersection of Weaver St.
or Cherry Lane with Montgomery County line to Willow Grove Park. To-tal, 17 miles of track.-V. 79, p. 904, V. 81, p. 32.
(4) Darby & Yeadon Street Railway.ORGANIZATION.-Entire stock ($5,000) Is owned by the Philadelphia
Rapid Transit Co.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.Stock all owned by Phila. Rapid TransItCo.
1st mtge $200,000 gold guar' 1904 4 3.4 g J-D $200,000 Dec 1 1934($1,000) c*J int. at Land Title & Tr. Co., Phila., Trustee.Bonds.-Are guaranteed, prin. & int., by endorsement by the Phila. Rap,
Tran. Co. Are subject to call on any interest date at 105 and interest.ROAD.-Comprises a line from the Philadelphia County line to Darby,
2;‘ miles.
UNION TRACTION.-A trolley road.Lease.-The Union Traction Co. has been leased for 999 years from July
1 1902 to the Philadelphia Rapid Transit Co. Lease rental (payable Ingold) Is $900,000 per annum (equal to 3% on the face value of the $30,000,-000 stock) for the first two years, $1,200,000 per annum (equal to 4% onstock) for the next two years, $1,500,000 per annum (equal to 5 % on stock)for the next two years and $1,800,000 per annum (equal to 6% on stock)thereafter. The stockholders of the Union Traction Co. were given theright to purchase 150,000 shares of the new Rapid Transit Co. stock. V. 74,p. 989. Included all the leading street passenger railway lines within thecity of Philadelphia at the time.ORGANIZATION.-Chartered Sept. 13 1895, and acquired on or about
Oct. 1 :895 all the shares of the Electric Trac. and People's Trac. compa-nies, in place of which were issued collateral trust certificates secured by theshares placed In trust. In 1898 leased these properties for 998 years and 3months from July 11896. On Oct. 1 1895 leased for 999 years the Phila-delphia Traction at 8% on its capital stock and has "assumed" its 4%collateral trust bonds. V. 61, p. 663. Leases (from Jan. 11898) Heston-vine Mantua & Fairmount Passenger By. for 999 years at 6 % on preferredand 4% on common stock. See V. 66, p. 236. The Lehigh Ave. Ry. Co.($600,000 stock) was also leased for 999 years from July 11899. See termsof consolidation, &c.• in statements for the constituent companies and V.61, p. 152, 197, 283, 663. For change in terms of lease see V. 89, p. 594.The Philadelphia Rapid Transit now operates the road.Union Traction shareholders In Oct. 1908 gave their assent to the use of
certain securities owned by the Union Trac. Co. to be pledged as collateralfor the $5,000,000 loan of the Phila. Rap. Transit Co. V. 87,
p. 1161.
The shareholders voted June 20 1910 (formally ratified Sept. 21 1910;V. 91. p. 337) to purchase the equipment of the Phila. Rap. Trans., andlease same to that company on terms as stated under Phila. Rap. Tran., andmake the equipment the basis of an issue of $1,500,000 car trusts. Seeunder Phila. Rap. Trans. and V. 90, p. 1556, 1678; V. 91, p. 337.
Int. or Out- Maturity orSTOOK AND BONDS- Ditte. Dividends. standing. last dividend.
Stock $30,000,000 (par f 600,000 shares. 1$505 I J-J 1$17.50 paid in. 5 July '10, 3%
Trust Co. certificates 1895 4 g A-0 29,730,114 red.aft. Oct. 1 '45gold, guar. p. & I. byJ Interest at Pa. Co. for Ins. on Lives & GrantingUnion Tr Annuities, trustee.
Collateral trust first morti 1902 4 g J-J 1,423,000 July 1 195231,500,000 gold_ _ _ _J Land Title & Trust Co. Philadelphia, Trustee,Trust Certilleates.-The trust certificates are not toe direct obligations
of the Union Traction Co.. but were issued by the Pa. Co. for Ins. on Lives& Granting Annuities to pay for the shares of the Electric and People's Trite-tion companies purchased and are secured by a deposit with the Trust Co.of all the shares of the stock of the Electric Traction Company and thePeoples' Traction Company thus acquired. See description of certificatesIn V. 64, p. 135. They are guar., prin, and int- by the Union Traction Co.and are redeemable at the option of that company on and after Oct. 11945.
Collateral Trust Bonds.-The collateral trust bonds were issued to fundthe floating debt and are secured by the deposit of the 35,000 shares of thecommon stock of the Hestonville Mantua & Fairmount Pass. RR. Subjectto call at 105 and accrued interest; $77,000 has been retired by sinking fund.OFFICERS.-Pres. , Jeremiah J. Sullivan; 1st V.-P., Chas, E. Heed; Sec.
and Treas., A. D. Haliman.-V. 75, p. 31, 609, 1255; V. 87, p. 814, 937,1161; V. 89, p. 594; V. 90, p. 1240, 1426, 1556, 1678.
LINES CONTROLLED BY UNION TRACTION CO.For statements of the controlled lines of the Union Traction Co. see
Electric Railway Section for Feb. 26 1910,
INTER-STATE RAILWAYS.Default.-Interest due Feb. and Aug. 1909 was paid after some delay.
V. 88, p. 1127, 1197; V. 89, p. 348, 1141. Int. due Feb. 1910, however,has been defaulted. V. 90, p. 372. In June 1909 directors approved areorganization plan prepared by George H. Earle Jr., which providesthat coupons from the collateral trust mortgage may be met for a periodnot exceeding five years by payment in scrip. See V. 89, p. 225. Tofurther the plan, the United Power & Transportation Co. contracted onJuly 12 1909 to become surety for repayment to owners of depositedbonds and certificates. of any sums which may be borrowed thereon dur-ing the next five years. V. 89, p. 286. On July 23 1909 suit was broughtto prevent use of funds and securities of Un. Pow. & Transp. Co. On July27 1909 Amer. Rys. of Phila. brought suit to prevent carrying out of reorgan-ization plan. V. 89, p. 286. A plan to issue new pref. stock for fundingFeb. and Aug. 1910 coupons on 4% bonds (V. 90, p.1170) was abandonedon May 4 1910 and the Earle plan recommended. V. 90, p. 1239. InSept. 1910, however, it was stated that the proposition to Issue new pref.stock was again under consideration. V. 91. p. 589. For bond depositssee V. 89, p. 348, 528, 721, 1596; V. 90, p. 372, 771, 1170, 1239.
Leases of Controlled Properties.-A general plan for the leasing of all theproperties has been arranged. The subsidiaries are in four groups, Wilkes-Barre, Reading, Wilmington and Trenton. The Wilkes-Bane By., theReading Transit Co. and the Wilmington & Phila. Trac. Co. have alreadybeen formed and have taken over the properties in the first three groups(see these companies on subsequent pages), while negotiations are underway for the lease of Trenton properties.Suit to end Tripartite Agreement.-See remarks under United Pow. &
Transp. Co. V. 91. p. 589.ORGANIZATION.-Incorporated in New Jersey on Dec. 3 1902 with
very broad powers. Is empowered to acquire and operate railroads, to de-velop and furnish all kinds of motive power, to manufacture, mine and dealin coal, gas, oil, electricity, steam, light, heat, &c., &c.in Dee. 1902 obtained control of the United Power & Transportation Co.
through purchase of the outstanding (33.593,750) capital stock, on a basisof $75 for each $25 share, payable in collateral trust bonds. $3,592,200 ofthis stock has been exchanged for bonds on this basis.
In Dec. 1907 stockholders were allowed to subscribe at par for $500,000new stock (V. 85, p. 1518).STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $10,000,000 ($100) $2,300,400 f. p. Collateral trust gold $10,-1 1903 4 g F-A 10,776.600 Feb 1 1943781,250 c*JInt. at Real Est. Title Ins & Tr.,Phila.. Trus.Stock was listed on the Philadelphia Stock Exchange in April 1903.Bonds are dated Feb. 1 1903 and are secured by deposit of United Power
& Transportation stock. They bear 3 % interest the first year, 3;4 % thesecond and 4% the third and subsequent years. Denominations $100.$500 and $1,000. Are subject to call at 105 and interest after Feb. 1 1913on 30 days' notice.REPORT.-Year ending Jan. 31-
*Meal Div. Rec'd Other Interest ExpensesYear- U.P.&Tr.Co. Income. Col. Trust. & Taxes. Surplus.1909-10 $319 $431,064 $9,904 def$440,6491908-09 74.418 431.064 15,873 372.5191907-08 $514,165 431.064 20,418 62,6831906-07 464,855 431,060 9,614 24,1811905-06 445,432 56,854 431,058 31,498 39,730OFFICERS.-Pres., John A. Rigg; Sec., J. W. Goodwin; Treas., T. W.
Grooket Jr.-V. 88, p. 52, 506, 564, 624, 823, 1127, 1197, 1499; V. 89,p. 41, 225, 286, 348, 528, 721, 1069, 1141, 1596; V. 90, p. 372, 771, 977,1170, 1239; V. 91, p. 589.
UNITED POWER & TRANSPORTATION CO.-Electric roads.Incorporated April 20 1899 under New Jersey laws to construct, operate
and own street railways, power companies, &c., and do a general business(V. 68, p. 929). In Dec. 1902 stock was acquired by Inter-State Rys. Co..which see immediately above.Suit to end Tripartite Agreement.-On Aug. 3 1910 company brought suit
In the Common Pleas Court at Phila. against the Inter-State Rys. and theReal Estate Trust Co., as trustee, to terminate the tripartite agreementdated Dec. 20 1902 (under which, It is alleged, no payments have beenmade since Nov. 12 1908), for the equipment, maintenance, &c., of theTransportation company or its underlying concerns and to re-transfer thesecurities held thereunder by the trust company to the United company.V. 91, p. 590.In June 1910 owned the following stocks and bonds. We show also the
total amounts outstanding of each issue. It will be observed that theCitizens' Elec. Light & Power Co. bonds and stock no longer appear in thelist, having been sold: war the Reading Power Co. stock. The Phila. Bristol& Trenton Ry. and the Phila. & Chester Ry. have also been sold.
TotalOwned. Stock
Stocks- Shares. Shares.Delaware County & Philadelphia Electric By 5,993 6,000Edison Electric Illuminating Co. of Lebanon, Pa 9,993 10,000Lebanon Valley Street By. Co 9,991 10,000Media Glen Riddle & Rockdale Electric Street Ry 1,631 1,640Reading & Southwestern By 1,142 2.600Roxboro Chestnut Hill & Norristown Ry. Co 4,938 4,968Schuylkill Valley Traction Co 9,990 10,000Southwestern Street By 7,995 8,000Trenton Street By 19,963 20,000Trenton Traction Co 18 17.810United Traction Co. of Reading, Pa 7,991 8.000Wilkes-Barre & Wyoming Valley Traction 49,989 50.000Wilmington & Chester Traction 39,993 40,000Wilmington City Electric 5,093 5,100Wilmington & Great Valley Turnpike Co 974 1,040Wilmington & Philadelphia Turnpike 1,035 1.200Wilmington & Christiana Turnpike Co 844 680Bonds-
Schuylkill Valley Traction Co., Inc. mtge 100,000 100,000
STOCK AND BONDS.-Stock authorized, $12,500,000, reduced to $3,-593,750; shares $25, full paid. In March 1902 the outstanding stock wasincreased from $3,125,000 to $3,593,750 (V. 74, p. 682), the additionalshares being sold to stockholders at $35 per $25 share. Bonds, 4 % collat-eral trust certificates are in two series, which we have marked (a) and (b)below. [Stock and bonds listed on Philadelphia Stock Exchange.)(a) Under a trust agreement between the United Power & Transporta-
tion Co. and the New York Trust Co., trustee, dated May 1 1899 (underwhich $7 ,989,339-$71,250 were canceled at time of sale of Citizens' Lt. Co.,leaving $7.918,089 outstanding-United Railways gold trust certificateswere issued by the said trust company as trustee), the United Power eeTransportation Co. deposited with said trust company 19.953 shares Tren-ton Street By. Co., 39,993 shares Wilmington & Chester Traction C.)..14,992 shares Holmesburg Tacony & Frankford Electric By. Co. (sold atforeclosure in 1910) , 7,991 shares the United Traction Co. of Reading. Pa.,5,089 shares the Wilmington City Electric Co., 9,800 shares the Edison Elec.III. Co. of Lebanon. Pa., and 49,989 shares the Wilkes-Barre .S3 WyomingValley Traction Co. Originally 6,000 shares of Citizens' Elec. Lt. & PowerCo. of Delaware County were also deposited with trustee, but these weretaken up when property was sold to Del. Co. Elec. Co.
(5) Under a trust agreement between the United Power & Transporta-tion Co. and the Real Estate Title Insurance & Trust Co. of Philadelphia.dated May 1 1899 (under which $998,950 United Railways Gold Trust Cer-tificates have been issued), the United Power & Transportation Co. has de-posited with the said trust company, as trustee. 5,993 shares DelawareCounty & Philadelphia Elec. By. Co. Under the above agreement an ad-ditional amount of $1,167 of certificates will be Issued upon deposit withthe trustee of the remaining shares of the capital stock of the DelawareCounty & Philadelphia Elec. By. Co.The principal of both series (which are in $100, $500 and 31.000 pieces)
Is due at option of holder on July 1 1949 and thereafter on any Jan. 1 orJuly 1 at the option of the United Power & Transportation Co. For bothseries, also, the semi-annual Interest (J. & J.) and the principal are payablein gold coin, free of tax, at the office of the Real Estate Title Insurance &Trust Co. of Philadelphia, trustee.DIVIDENDS.-On Jan. 20 1900 a dividend of 500. per share was paid,
also same amount July 16 1900: in 1801, Jan. 21, $1; July 10, $1; in 1902.Jan. 20. $1; July 10, $1; in 1903, Jan. 20, $1; In 1904, Jan. 16, $2 68; In1905, Jan. 24, $2 39; In 1906, Jan. 26, $3 10; in 1907. Jan. 24. $3 20; In1908, Jan. 30, $3 31; none since.
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90 ELECTRIC RAILWAYS [VOL. Lxxxxi.
REPORT.-For years ending Dec. 31:Calendar From Interest Taxes, Dividend Balance,Year- Investments. on 4s. &c. Paid. Surplus.
1909 $382,289 $357,665 $9,949 none $14,6751908 688,285 359,524 3,275 none 325,4861907 840,110 359,524 4,586 475,812 1971906 824,021 359,524 4,496 460,000 1EARNINGS.-Gross of all underlying operating companies for year
ending Dec. 31 1909, $4,600,455; surplus, $848,169.OFFICE RS.-Pres., John A. Rigg; Sec.. J. W. Goodwin; Treas. T. W.
Grooket Jr.; Counsel, R. L. Jones. General offices, 419 Market St.,Camden, N. J.-V. 82, p. 220; V. 84, p. 272; V. 86, p. 338; V. 88. P. 51,376; V. 89, p. 287; V. 90, p. 374; V. 91, p. 590.
(1) Trenton Street Ry.-Trolley. The United Power & TransportationCo. owns 19,963 out of the 20,000 shares of stock.ORGANIZATION.-Formed June 29 1898 by consolidation of the Tren-
ton Passenger By., Mulberry Street Passenger By., Pennington AvenuePassenger By. and Ewing Passenger Ry.On June 19 1899 the Mercer County Trac. Co. was formed with a capital
of $100,000 and auth. bonds of $300,000, all outstanding, to enable TrentonSt. By. Co. to build an extension of 11.42 miles into Princeton and in city ofTrenton. Entire stock and $128,000 of the bonds are owned by latter co. Isoperated as a part of Trenton St. Ry. system. In June 1903 acquired entirecap. stock ($250,000) of Trenton Pennington & Hopewell St. Ry.
' which
it also leases, and whose bonds It guarantees, p. & I. Also on May 1 1906leased the property and franchises of the Trenton Hamilton & EwingTraction Co. for 999 years and guarantees its bonds, principal and interest.STOCK AND BONDS- Date. Interest. Outstanding Maturity.
Stock, $1,000,000 (par $50) _ $1,000,000 See earningsTrenton Passenger first mtge.) 50,000 1911-1915
$1,000,000, gold ($1,000) $10,000 due yrlySep.30each) 0* 150,000 1916-1925
Interest at National Mechan- 1891 6 g A-0 ($15,000 due yrlySep.30Ice Bank, Trenton, N. J.._ 100,000 1926-1930
($20,000 due yrlySep.30650,000 Sep.30 1931
Consolidated mortgage, gold) 1898 5 g J-J 1,040,000 July 1 1938$2,000,000 ($1,000) _c* Interest in Trenton and at Real Estate Title
Ins. & Ti-. Co., Phila; Girard Ti-. Co., Ti-us.Trenton Penning.ton & Hope) 1903 5 g J-D 350,000 June 1 1943
first mortgage, $350,000, }Interest at Fidelity Trust Co., Newark, True.gold, guaranteed ) Guaranteed prin. & Int. by Trenton StreetRy
Trenton Hamilton & E 1st Mj 1905 5 g M-N 350,000 Nov. 1 1955$500,000 ($1,000) gold_ _c•lInt. at Real Est. T. Ins. & Tr.Co.,Phila.,Tr.Bonds.-$980,000 consolidated 55 of 1898 are reserved to retire first 68.ROAD.-Owns and controls by lease about 72 miles of track. The new
tracks have 90-lb. Johnson girder rails. An extension from Yardville toCrosswicks and Allentown is to be built.EARNINGS.-Year ending Dec. 31 1909, gross, $566,287; net, $294,520:
Interest and taxes, $181,905; dividends paid, $49,540; surplus, $63,075.OFFICERS.-Pres., John A. Rigg; Sec. and Treas., T. W. Grooket Jr.;
Gen. Mgr., Peter E. Hurley.-V. 68, p. 284, 475; V. 81, p. 1175.(2) Southwestern Street R y.-A trolley road.Receivership.-On Jan. 2 1909 Judge Holland in the U. S. Circuit Court at
Philadelphia appointed C. H. Jones and J. W. Eliard receivers. V. 88.p. 102. Int. due Feb. 1909 has been defaulted. V. 88, p. 295. Is to besold at foreclosure. No date has been set. V. 88, p. 1314; V. 89, p. 226,779, 1543, 1598; V. 90, p. 915, 1103, 1491. Suit has been brought againstthe Chester Traction Co. to enforce Its guaranty on the bonds. V. 89, p.226.Bondholders' protective committee has been formed. See V. 89, p. 164.ORGANIZATION.-Chartered Sept. 3 1897.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $400,000 ($50) ------- i5oo (Wo
$400,000 20,000 May 1910Receivers' certificates
1st mtge. $400,000 (cannot bel 1899 5. 4 g F-A 400,000 1929called), gold ($1,000) jInt. at West End Tr. Co.. Phila.
' Trustee.
Stock and Bonds.-All the stock is owned by the United Power & Trans-portation Co. Interest on $140,000 of the bonds was reduced to 4%, inconsideration of their guaranty, p. & I.• by the Chester Traction Co.EARNINGS.-For year ending Dec. 31 1909, gross, $60,029; oper. exp.,
extra. exp., int. on receivers' certs. and taxes, $62,379; deficit, $2,350.ROAD.-Owns and operates 16 miles of track within the limits of Phila-
delphia. Track laid with 90-lb. girder and 60-lb. T rails.OFFICE RS.-Pres.. John A Rigg; Treas.. T.W.Grooket Jr. V. 88. p. 102.
1314; V. 89, p. 164, 226, 779. 1543, 1598; V. 90, p. 915, 1103.LINES DISPOSED OF BY LEASE.
Reading Transit Co.ORGANIZATION.-Incorporated in Pennsylvania on Jan. 12 1910 with
$500,000 ($50) auth. stock. Leases from April 1 1910 for 900 years theUnited Traction Co. (Reading) , Schuylkill Valley Trac. Co.,. Lebanon ValleySt. By. and Edison Elec. Ilium. Co. (Lebanon). For terms of leases seeseparate companies below.OFFICERS.-Pres., H. G. Louser; V.-P.. Walter A. Rigg; Sec.& Treas.,
Harry H. Regel. V. 90, p. 373, 977.(1) United Traction (of Reading).In 1899 control acquired by the United Power & Transportation Co.,
which holds 7,991 out of the 8,000 shares of stock. Stockholders were given$75 in 4 % collateral trust bonds of the Power & Transportation Co. forevery $50 of United Traction Co. stock held, with right to subscribe forPower & Transportation stock.Lease.-On April 1 1910 was leased for 900 years to Reading Transit Co.
at annual rental of $175,0001for 1st year, $195,000 2d year, $200,000 3d yearand $215,000 annually thereafter, as well as $1,000 for maintenance of or-ganization. Reading Transit assumes all obligations of United Trac. Co.and its leased companies.ORGANIZATION.-Incorporated on Dec. 17 1895 in perpetuity to con-
trol the Reading Traction, leased on Jan. 1 1896 for 900 years. Owns thestock of the Metropolitan Electric Co.. the Oley Valley Railway Co.,the Neversink Mountain Railway, Front & Fifth Street Ry. Co., andBirdsboro St. By. Co. The Front & Fifth St. By. Is leased for 999 yearsfrom July 11003 for Interest on $50,000 bonds and the Birdsboro Street Ry.for 999 years from Jan. 1 1904 for interest on the $250,000 bonds.On Aug. 1 1901 the United Traction leased the Reading & Southwestern
By. of 7% miles for 999 years, for interest on $100,000 bonds and 12% onthe $130,000 capital stock. Also leases the Adamstown & MohnsvilleElectric Ry. for 099 years from Jan. 1 1005, paying as rental 37% % of thegross receipts, but not In excess of $25,000. Stock, $75,000.On Aug. 1 1906 leased the Boyertown & Pottstown Street Railway Co.
(completed May 1908) for 095 years for interest on bonds and 5% onstock, $72,700, all of which stock is owned., • On April 18 1910 Judge Endlich, upholding the city's contention thatdiscontinuance of sale of strip tickets is a violation of contract, decided that
• company must restore sale of 6-for-a-quarter tickets pending the timeappeals are heard in the Supreme Court. V. 90, p. 1172.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $400,000 (par $50) _ $400,0001. p.See erngsFirst M coil trust gold, $150,- 1896 5 g J-J 149,900 Jan. I 1926000 (par $100 & 51,000)_c' Real Estate Title Ins. & Ti-., Phila., Trustee.
Oley Valley Ry first mtge, 1901 44 g J-J 250,000 July 1 1931$250,000 gold ($1,000) _ _c* Int. at Real Est. Title Ins.&Tr.Co.,Phila.,Tr.
Front & Fifth St By first mtg 1903 5 g J-J 50,000 July 1 1933$50,000 g ($100& $500) _01 Int. at Colonial Trust eading, Trustee.
Adam & Mohn first mortgage; 1904 5 g J-J Co.,i5,000 Jan. 1 1935$75,000, gold ($1,000)__r* Int. at Colonial Trust Co., Reading, Trustee.
Birdsboro St By M, 3250,0001 1904 5 g J-J 250,000 Jan. 1 1934gold ($500 & $1,000) Clint. at Colonial Trust Co.. Reading. Trustee.
Boyer & Potts St By 1st Ma 1906 5 g F-A 301,000 Aug 1 1936$300 ,000($500 &$1,000)g_eslIn t. at Colonial Trust Co., Reading,Pa., Ti-usMet Elect Co 1st M $5,000,-1 1909 5 A-0 2.000,000 April 1 1939000g ($500 & $1,000)- „cla Girard Trust Co., Trustee.Bonds.-Collateral trust bonds subject to call at par after 3 years. Int.
at company's office. The Birdsboro Street By. bonds may be called beginning Jan. 1 1914 at 105. The Front & Fifth St. bonds are redeemable OAJuly 1 1913 at 105. They are guaranteed, principal and Interest, by en-dorsement. The Adamstown & Mohnsville bonds are redeemable on Jan. 11915 at 105. The Boyertown & Pottstown bonds can be called Aug. 1 1916only at 105. Guar.. p. & 1., by endorsement by United Traction. Of the$2,000,000 Met. Elect. Co. bonds reported outstanding above, $150,000were used to retire an equivalent amount of bonds subject to redemptionon Oct. 1 1909. $3,000,000 are reserved for additions. Subject to callas a whole after April 1 1914 at 110 & int. S. f. of 1% of bonds out becomesoperative from 1914-1919; 1 A % from 1919-1928; 2% from 1928-1938.Bonds are guar. by Un. Trac.
ROAD.-Operates 91 miles of track (Reading Traction, 41 4 miles,Reading & Womelsdorf Electric, 15 miles), in and between Reading, Wo-meisdorf, Black Bear and Stony Creek; Reading & Southwestern, 74 miles.EARNINGS.-Year ending Dec. 31 1909, gross, $907,646; net, $466,784;
interest, taxes, rentals, &o.'
$272,160; dividends, $33,200; surplus. $161,-424.-V. 76, p. 1086, 1302; V. 87, p. 873; V. 88, p. 296; V. 90, p. 1172.(a) Reading Traction.-A trolley road.ORGANIZATION.-Chartered March 9 1893 to operate the Reading.C1ty
Passenger By. and East Reading Passenger By., which it equipped withelectricity and leased for 99 years, the former from April 1 1893, and thelatter from May 1 1893. On Oct. 1 1894 leased the Reading & TempleElectric By. for 99 years. On Dec. 20 1895 leased the Reading & Womels-dorf Electric Ry. for 09 years; also owns that company's capital stock.$500,000. The Reading Traction was leased on Jan. 1 1896 to the UnitedTraction for 900 years at a rental of $10,000 annually for first three years.$20,000 for next two. years and $30,000 thereafter.STOCK AND BONI5S-- Date. Interest. Outstanding. Maturity.
Stock, $1,000,000 auth ($50)_ J-J $1,000,000 July10,1%First mtge, $600,000 gold guj 1893 6 g J-J 500,000 Jan. 1 1933Not subject to call c•IProvident Life & Trust Co., Phila., Trustee.Interest is payable in Philadelphia at Back of North America and in
Reading at the office of the company and Colonial Trust Co. Bonds arelisted on the Phila. Stock Exchange. V. 8E, p. 749.
Dividends.-In 1900, 2%; in 1901. 24%: in 1002-1909 inclusive. 3%per annum; in 1910, Jan., 14%; July, 1 A %.LEASED LINES SECUR'S. Date. Interest. Outstand'g. LastDiv.,&c.
Reading City Passenger Ry-Stock (see below) (par $50)_ J-J $350,000 See text.
East Reading Electric Ry-Stock, full paid (par $50)-- J-J 100,000 See text.Bonds, $25,000 1897 5% • 25,000 July 1 1937
Reading & Temple Electric Ry- -Stock, $75,000, guar 7 A-0 73,700 See text.1st mortgage, $75,000 1894 5 A-0 73,700 Oct 1 1924
Reading & Womelsd Elec Ry} 1895 5 g J-J 400,000 Jan 1 19251st mortgage, $400,000, Real Est. Title Ins. & Ti-., Phila., Trustee.gold ($100, &c) c* Int. at Colonial Ti-. Co. of Reading, Pa.Dividends on Leased Line Stocks.-The Reading City Passenger stock
received dividends, 1896 to 1899, inclusive, 10%; 1900 and thereafter 12%,East Reading stock received dividends: 1896, $6,500; 1897 to 1900, inclu-sive, $7,000; thereafter, 38,000. Reading & Temple Electric pays 7%annually in dividends, A. & 0.ROAD.-Owned and leased 56% mues of track, including the Reading
& Womelsdorf Electric By. V. 64. P. 177; V. 88. p. 749.(21 Schuylkill Valley Traction.-Trolley.The United Power & Transportation Co. holds $499,500 of the $500,000
capital stock and the entire $100,000 income bonds.Lease.-Leased for 900 years from April 1 1910 to Reading Transit Co.
Rental, $5,000 1st and 2d years, $15,000 annually thereafter, and $1,000annually for maintaining organization. Reading Transit Co. also assumesall obligations of Schuylkill Valley Trac. and its leased lines.ORGANIZATION.-Incorporated In Sept. 1893 as successor to the Nor-
ristown Bridgeport & Conshohocken Traction Co. Since Jan. 15 1895 hascontrolled and operated the Conshohocken Ry.
' the Montgomery County
Passenger By., the Citizens' Passenger By., the Collegeville Electric StreetBy. and the Norristown Passenger By. The corporate existence of theseveral companies is to be maintained, but their bonds will be taken upas rapidly as possible.
In Jan. 1902 leased for 950 years the Roxborough Chestnut Hill & Norris-town By., Including that company's leases of the Wissahickon ElectricPassenger By. and the Trappe & Limerick Electric Ry,STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $1,000,000 ($50) - _ ____ $500,000 First mortgage, $400,000, g 1895 5 g F-A 245,000 Aug. 1945($1,000) c Int. at West End Trust hila. Trustee.
Income mortgage, 3100,000 1899 5 ann. 100000 Aug. 1 1949West End Trust Co.,($500)
Co.,:i
Philadelphia, Trustee.Of the $500,000 first mortgage dated 1895, 3100,000 has been retired and
destroyed, $75,000 has been reserved to take up like amount of the Norris-town Passenger Ry. bonds and $80,000 to retire the Citizens' Passenger By.
securities of the subsidiary companies are as follows, Including bothbonds
those held by the public and by the parent company.COMPANY. &c.- Miles. Interest. Issued. Div. or Mat.
Citizens' Passenger Ry stock__ 6 $79,520fp 2% Jan'10First mortgage, $80,000, goldf _ ___ 5 g F-A 80,000 Feb. 1 1925
guaranteed 1 Subject to call at 105 Feb. 1 1905,Conshokocken Ry stock 5% 145,900
First mortgage, guaranteedj 5 5 g J-J See text. July 1 1924principal and interest_ _ Subject to call at 105 July 1 1904.
Montgomery Co Pass Ry stock. 1%
By stock J-J 6 SeeFirst mortgage, gold 1%
15,000
Pass _ ___ 4A4 6 J-J
text. 1924Norristown Pa
First mortgage 75,000 $2.66 J1n110
Bonds.-The Conshohocken By. bonds ($100,000) an7(51,t0h0e0 Mon1t0g2o3meryCounty Passenger By. issue ($15,000) are held by the Schuylkill ValleyTraction Co.ROAD.-Operates 60 miles of track, Including lines of above-mentioned
companies, and also Roxborough Chestnut Hill & Norristown.EARNINGS.-For fiscal year ending Dec. 31 1909, gross, $353,393; net.
$86,585; int., taxes, rentals, &c., $103,216; deficit, $16,631. V. 70, p. 281.(a) Roxborough Chestnut Hill & Norristown Ry.-A trolley road.
- The United Power & Transportation Co. owns 4,038 out of the 4,968shares of the capital stock. In Jan. 1902 was leased for 950 years to theSchuylkill Valley Traction at a rental of $4 50 per share, payable semi-ann.ORGANIZATION.-Incorporated Dec. 2 1895. In 1898 leased the
Wissahickon Electric, 3% miles, for 999 years; rental to be 2 % on the$145,800 stock for the first two years, 3% for the next six years, 4 % forthe next seven years and 5% for the rest of the term. Also owns the$250,000 stock of the Trappe & Limerick Electric Street By. and leases thatcompany for 950 years. Comprises 22 miles of track. In June 1896 filed amortgage for $450,000 to the Real Estate Title Insurance & Trust Co.,Philadelphia, securing 5% gold bonds ($1,000) J. & D., due Juno 1 1926.Issue reduced to $396,000, of which $371,000 was outstanding In Feb. 1910.Capital stock issued, $248,400; par, $50.
Earnings are included in the Schuylkill Vail. Trac. Co.-V. 62, p. 1042.(a) Trappe & Limerick Electric Street Ry.ORGANIZATION.-Incorporated in Pennsylvania on July 25 1899
Was leased on Dec. 31 1901 to Roxborough Chestnut Hill & Norristown By.for 950 years.
•STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $250,000 ($50) $250,000 First mortgage, $250,000, g f 1901 4% g J-J 2255000,b008 July 1 1931($1,000) c*1Int. at Real Estate Title Ins. & Ti-. Co., Phil.Bonds.-Are guar., p. & I., by Roxborough Chestnut Hill & Norristown.(3) Lebanon Valley Street Rail way.-A trolley road.Lease.-On April 1 1910 leased for 900 years to Reading Transit Co.
Annual rental of $40,000 and yearly payment of $500 for organization, aswell as taxes and interest on bonds.ORGANIZATION.-Incorporated on June 28 1890 as a consolidation of
the Lebanon & Annsville Street By. and the Lebanon & Myerstown StreetBy. The United Power& Transportation Co. owns 9,991 shares out ofthe 10.000 shares of the capital stock.STOCK AND BONDS- Date. Interest. Our55:00a0(7): 0010000g . u slMye ea lttuelxr 1012y. 9.
1Int. at Real Estate Title Ins. & Tr.Co., Phila.ROAD.-Owns 24 miles of track.EARNINGS.-For year to Dec. 31 1909, gross, $109,299; net, $73,501;
Interest, taxes, &c., $28,373; dividends, $18,600 balance, $26,528.Wilkes-Barre Ry. Co.-ORGANIZATION.-Incorp. on Nov.26 1909 with $300,000 auth. stock.
Leases the Wilkes-Barre & Wyoming Valley Trac. Co. for 800 years fromJan. 1 1910 at a rental of $360,000 the first year, Increasing $10,000 everytwo years until the maximum of $400,000 is reached, and all obligationsin the way of int., taxes, &c., of W.-B. it W. V. Trac.OFFICERS.-Pres., Abram Nesbitt; V.-P. and Gen. Mgr., T. A. Wrigh
Sec. and Treas., C. W. Laycock.-V. 89, p. 1544; V. 90, p. 374.(1) Wilkes-Barre & Wyoming Valley Traction.-The United Power &
Trans. owns 49.989 out of the 50,000 shares of stock.Lease.-Is leased to the Wilkes-Barre Ry. Co. (see above). V. 89, p.1598.
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OCT., 1910.1 ELECTRIC RAILWAYS 91
ORGANIZATION.-Incorporated Feb. 9 1891; controls street railwaylines in the Wyoming Valley, Pa., extending from Wilkes-Barre to Duryeaand Nanticoke on east side of Susquehanna River and Pittston and Ply-mouth on west side. In Dec. 1902 made collateral trust mtge. for $250,000to purchase stock of the Wilkesbarre Dallas & Harvey s Lake By. Co. andfor other purposes. On July 1 1904 leased the Plymouth do Larksville StreetBy. for 999 years at 8% on $75,000 stk. and int. on $75,000 5% bonds.
STOOK AND BONDS- Date. Interest. Outstanding. Maturity.Stock (par $100) Text. $5,000,000 See text1st mtge, $1,500,000, gold 1891 5 g A-0 1,500,000 April 1 1921($1,000) c* Interest at Provident Life is Tr. Co., Phila.
203,000 Jan. 1 1925Collateral trust and mortgage, 1895 5 g J-J$325,000, gold_ Int. at Anthracite Say. Bk., Wilkesbarre, Tr.
Collateral trust and mtge, gl 1902 5 g J-D 250,000 Dec 15 1922($1,000) , $250,000- _ _ ._c*JInt.at Real Est. ,Title,Ins. doTr.Co.,Phila.,TrUnaerlying Bonds on Roads Purchased-
WIlkesbarre & Suburban bonds ____ 4% 40,000 July 1 1918Wilkesbarre & W Side bonds__ 5 % 35.000 Sept 1 1918Guaranteed Bonds-
Pitt St Car 1st M- ($1,000), g, 1803 6 g J-D 178,000 Dec 1 1918p & I unconditionally gu_c* Int. at Real Estate Tr. Co., Phila., Trus.
Plymouth Br Co 1st gold M, 1894 5 g A-0. 131,000 Oct 1 1924$150.000, guar prin & int Int. at Anthracite Say. Bk., Trustee, Wilkes.
$10,000 subject to call in 1904 and $3,000 yearly thereafter.Wilkesbarre & Kingston __ 5 F-A 90,000 Aug 1 1918Wilkesbarre & East Side Ry . _ -- - - 5 150,000 SeeMbelowBonds. -Interest on the Wilkes-Barre & Kingston bonds reduced to 5 % in
Aug. 1903 and bonds extended to Aug.1 1918. Int, on the Wilkes-Barre &Suburban bonds reduced in 1903 to 4 A'and bonds extended to July 11918.The Wilkesb. & Wyoming Valley collateral trust bonds of 1902 are subjectto call after 10 years at 105 and accrued interest.
Dividends.-In 1896, Jan., 1 70; July, 1 %; in 1897. Jan.. 1 %; in 1898,Jan., 1 %; in 1899. Jan., 1 %; in 1899-00, 3 %; in 1900-01. 3%; in 1901-02.411%: In 1902-03, 3 %; in 1903-04. 3 %; in 1904-05. 3 %; in 1905-08. 3 %:In 1906-07, 3%; in 1907-08, 3%; in 1908-09, 2 2-5%.ROAD.-ComprIses 71 miles of track.
COMPANIES CONTROLLED IN SYSTEM.-The following table showsthe several companies operated, their mileage, capital stock, and the amountof it owned by the Traction Company, their debt, and finally the rental pay-able under 999-year leases; 6 'A here meaning 6 % on the oustanding capitalstock; and $1 meaning a nominal rental, the company having only a nomi-nal existence.
Name of 'Company. Miles.-,Stock.-Issued. Owned.
Coalville Passenger Railway.... 5.67 $62,400 $36,300Nanticoke Street Railway__ _ 9.68 6,000 6,000Pittst. Moosie & P. V. St. Ry__ 1.95 42,000 42,000Pittston Street Car 8.82 200,000 200,000Plymouth Street Railway 6.00 12,000 12,000West Pittston & Wyo. St. Car _ 2.25 30,000 30,00011Wi1kesbarre & East Side. __ 5.00 150,000 150,000WIMesh. & Kingst. Pass. By.... 6.60 100,000 99,700WIlkesb. & Suburban St. Ry_ _ _10.00 100,000 93,500Wlikesb. Dallas & Harvey's L_ _13.01 200,000 193,750Wilkesbarre & West Side 9.63 100,000 92,450Plymouth Bridge Co 75,000 75,000
11 Entire stock and bonds deposited under collateral trust of 1895.*Entire amounts owned by the W. & W. Valley Trac., with the excep
Um of the Wilkes-Barre & West Side, of which only $23,000 is owned.a Dividends in this case are dependent upon earnings. •EARNINGS.-For year ending Dec. 31 1909: Gross, $1,062,583; net,
$540,709; int.'
taxes and rentals, $221,393; dlys., $120,000; surplus.$199.316.-V. 66, P. 285; V. 68, p. 830, 1134; V. 69, p. 29; V. 76, p. 1302;V. 89, p. 1598.
(a) Wilkes-Barre Dallas & Harvey's Lake Ry,-The Wilkes-Barre & Wyo-ming Valley Traction Co. owns all the stock.ORGANIZATION.-A reorganization in 1898, per plan mV. 66, p.1190,
of the Wilkesbarre & Northern RR., sold by Sheriff in Sept. 1898. Road,partly constructed, was completed and electrically equipped by new com-pany from Luzerne, Pa., there connecting with Wilkes-Barre & WyomingValley Traction to Harvey's Lake, Pa., 13.01 miles.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.$200,000 See earti'p,•s.Stock, $200,000 ($50)
let mortgage. $150,000, gold) 1898 5 g M-S 150,000 Sept 15 1928($500) c*JInt. at Anthracite Say. Bk., Wilkesb.. TrimEARNINGS.-For year to Dec. 31 1909: Gross, $66,141; net, $23,694;
Wilmington Se Philadelphia Traction Co.ORGANIZATION.-Incorporated In Delaware on June 27 1910 with
$6,500,000 auth. stock. Leases for 999 years the Wilmington & ChesterTrac. Co. Wilm. Lt. & Pow. Co., Wilmington City Elea Co.. Chester Trac-tion Co. a:nd Delaware County & Phila. By. Co
(1) Wilmington & Chester Traction,United Power & Trans. Co. owns 39,993 out of 40,000 shares of stock.Lease.-This company is leased to the Wilm. & Phila. Trac. for 999 years
from July 1910 at a minimum annual rental of $150,000, increasing $5,000per year to a maximum of $225,000 In 15 years. V. 90, p. 1170.ORGANIZATION.-Incorporated March 1898. Controls street railway
lines in Wilmington, Del. and Chester, Pa., comprising with leased linesabout 71 miles of track. It controls the line from Chester to Media, also theline to Darby, where connection is made with the Union Traction Co.'s lineto Philadelphia. In 1898 acquired all the stock of the Wilmington CityBy. ($519,930) and of the Chester Traction Co. ($500,000), both of whichare deposited under the coil. tr. mtge. of the Wilmington & Chester Trac.Co.Also owns $50,000 stock of the Chester & Delaware St. Ry. The Wilming-ton City Ry. leased June 30 1906 the Wilmington & Edgemoor Electric By.for 999 years. The Chester Trac. Co. holds all the stock of the Union By.Co., $100,000; Chester & Media stock, $35,000; Chester Darby & Phila.stock, $65,000; total, $200,000. The Chester Tree. pays as rental (besidesint. on bonds) 6% on the $100,000 stock of the Chester do Media and on the$100,000 stock of the Chester Darby & Philadelphia.
Strike.-On its line in Chester had to contend with a strike from April 13to Nov. 23 1908. V. 87. p. 1418.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock $2,000,000 ($50) full pd_ Listed on Phila. Ex$2,000,000 19( 9,4.Coll trust void $4,000,000) 1898 5 g A-0 2,805,000 April 1 1918($500 and $1,000 each) c*J Provident Life & Trust Co., Phila., Trustee.Securities of Subsidiary Lines (not owned)-
WU City 1st mtge. $600,000,1 1891 4 g M-S 500,000 Sept 1 1911gold ($500 each) cl Int. at Equit. Guar Tr. Co.,Wilmington, Del.
Chester Traction 1st mtge,( 1894 5 g M-N 250,000 May 1 1914gold, $250,000 c*J Int. at Del.Co.T.S.D.&T.Ins.Co.,Chester,Tr.Leased to Chester Traction-
Union By Co 1st mtge, gold($500 and $1,000) c 1893 5 g J-J 200,000 Jan 1 1913
Chester St Ry stock ($50) _ 10 J-J 150,000 rental 10 %Chester & Media El By, gold__ 1893 5 g J-J 100,000 July 1 1913Chester Darby & Phila, gold__ 1893 5 g J-J 125,000 July 1 1913
Leased to Wilmington City Ry.-WIlrulng & Edgemoor let M1 1906 5 g J-D 400,000 June 1 1946$400.000 ($1.000). g ....c• J;at. at Real Estate Title Ins. & Tr.,Phila.,Tr.The Wilmington & Edgemoor bonds are guar. as to both principal and
Interest by the Wilmington City By.Interest on Chester Traction, Union Ry., Chester Street Ry., acc., payable
at Delaware County Trust Co., Chester, Pa., and interest upon all the latterguaranteed by Chester Traction Co.Bonds.-$1,895,000 coll. tr. 5s of 1898 reserved to retire underlying securi-
ties and guar. stock. Bonds sub, to call at 103 after April 1 1914. Wilming•ton City bonds were sub. to call on Sept. 1 1901 but int. reduced from 5 %to 4 % and rtelit to call canceled.EARNINGS.-For year to Dec. 31 1909: Income from securities owned,
(2) Delaware County & Philadelphia Electric Ry.-A trolley road.Lease.-In July 1910 leased for 999 years to Wilm. & Phila. Trac. Co.ORGANIZATION.-Incorporated May 11 1892. Completed from
Media, Pa., to Baltimore Avenue, Philadelphia, in Jan. 1895; connects withthe Chestnut & Walnut Street cars of tile Union Traction system. In Maythe United Power & Transportation Co. acquired the road, paying $150 pershare for the stock in its 4 % trust certificates secured by a deposit of stock.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock, $500,000, authorized $300,000 See text.First mortgage, $64,000 J 1893 6 J-J 64,000 July 1 1913
Interest at Girard National Bank, Phila.DIVIDENDS.-Paid in dividends: in 1899-1900 $36,000; In 1900-01.
$27,000; in 1901-02, $21,000; In 1902-03, $21,000; in 1903-04, 121,000; in1904-05. $21,000; In 1905-06, 121.000; In 1906. $21,000; In 1907, 521.000:in 1908, $21,000; In 1909, none.ROAD.--owns 12 miles of track. Rails. 80-lb. T and girder.EARNINGS.-For year ending Dec. 31 1909, gross, $104,654; net
PHILADELPHIA & CHESTER RY.-A trolley road.Sold.-Road was sold at foreclosure on May 31 1910 to bondholders' com-
mittee for $350,000.$349,600 of the 1350.000 stock of the Philadelphia & Chester By. was
owned -by the United Power & Transportation Co.EARNINGS.-For year ending Dec. 31 1907 were: Gross, $35,475; net,
$4,259; interest and taxes, $19,273; balance, deficit, $15,014.ROAD.-Owns and operates 8.83 miles of track from Philadelphia to
Chester and from Essington to Moore's Station.-V. 87, p. 1238; V. 88.p. 1314; V. 89. p. 42, 225, 779, 1598; V. 90. p. 1102, 1614.
FRANKFORD TACONY & HOLMESBURO RY.-A trolley road.ORGANIZATION.-Incorp. In Pennsylvania on July 11 1910 as a re-
organization of the Holmesburg Tacony & Frankford Elec. By., sold atforeclosure June 1 1910. For terms of exchange of bonds of old companyfor new company bonds, see V. 91, p. 276STOCK AND BONDS, Date. Interest. Outstanding. Maturity'.
Stock $500,000 $500,000 First mortgage $500,000 gold 1 1910 5 g J-J • 400.000 July 1940($500 and $1,000) cslInt. at Tacony Trust Co., Phila., trurtee.Bonds.-Remalnlng $100,000 bonds are reserved for extensions and bet-
terments. Bonds are not subject to call.EARNINGS.-Of Holmesburg Tac. & Frankf. Elec. By. for year end-
ing Dec. 31 1909, gross, $124,422; net, $46,375; Interest, taxes, rentals,doe., $27,235; surplus, $19,140.ROAD.-Operates 17.29 miles of track between Philadelphia, Frankford,
Bridesburg, Tacony, Holmesburg and Torresdale. 60-1b. T and 80-1b.girder rails. Gauge 5 ft. 25i in.OFFICERS.-Pres. and Man., Meyer Schamberg;
V.-P., C. B. Fraley;
Sec. Seirreas., Jacob M. Vodges; Asst. Sec. & Treas., W. S. J. Wetherill.-V. 91, p. 276.
TRENTON BRISTOL & PHILADELPHIA STREET RY.ORGANIZATION.-Incorporated in Pennsylvania as a reorganization
of the Phila. Bristol & Trenton, sold at foreclosure on Aug. 2 1909. V. 89.p. 349, 780. Up to Sept. 31 1910 no bonds had been authorized.STOCK AND BONDS- Dale. Interest. Outstanding. Maturity.
Stock, $325,000 ($50/ $325,000 ROAD.-Owns and operates 17 miles of track from Torresdale to Morris-
ville. Rails. 60 and 90-1b. girder and 72-1b. T; gauge 5 ft. 231 inches;15 cars, 1 service car and 1 snow-plow, 3 engines and 3 generators, 450 k. w.capacity.OFFICERS.-Pres., Edward D. Toland; V.-P., Geo. Blacklstone, Bait.;
Sec. and Treas.. Carl N. Martin.-V. 89, p. 780.
PHILADELPHIA & WESTERN RY. CO.-An electric third-rail system.ORGANIZATION, ETC.-In 1910 E. B. Smith & Co. of New York and
Philadelphia acquired control of road. New interests are extending lineto connect the Philadelphia & Western Ry. with the Lehigh Valley TraruiltCo. via Norristown. See V. 91, p. 519.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.
Common $4,000,000 $4,000,000 Pref $2,000,000 5% cum after).Jan 1 1916 2,000,000
First mortgage $4,000,000f 1910 5 2,000,000 1960gold 1Phila. Tr., S. D. & Ins. Co., Phila., trustee.ROAD.-Operates a high-speed double-track road 10.6 miles long between
Philadelphia and Strafford, entirely on private right-of-way, and connect-ing with Phila. Rapid Transit Co.'s system at latter's terminal, 69th & Mal:-ket Sts.. Phila. An extension via Norristown to connect with the LehighValley Trans. Co.'s lines is under construction.OFFICERS.-Pres. (pro tern), Thos. Newhall; V.-P. do Gen. Supt.. W. H.
Simms; Sec. & Treas., Gerald Holsman. Offices, Upper Darby P. 0., Pa.-V. 90, p. 915; V. 91, p. 519.
a
PHOENIXVILLE, PAPHOENIX GAS & ELECTRIC CO.-Gas, electric and trolley.ORGANIZATION,-Incorporated in New Jersey Sept. 21 1901 for the
purpose of acquiring and operating all of the gas, electric and street railwayproperties of Phoenixville, Royersford and Spring City, Pa. Franchisesare for 99 years from Jan. 17 1899. Has acquired the entire stock of theSchuylkill 'Valley Illuminating Co., Consolidated Schuylkill Gas Co. andMontgomery & Chester Electric Ry. Co. The capital stocks of these com-panies, together with the entire issue of bonds ($100,000) of the M. & 0.Elec. By. have been deposited as collateral for the new mtge. V. 74, p. 271STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $1,000,000 $800,000 Phoenix Gas & Elec. collat 1901 5 g A-0 749,000 Oct 1 1951
trust, $1,000,000 ($500 and Int. at Real Estate Trust Co., Philadelphia.$1.000). sink fd, gold_
- _c* Trustee. Can be called at any time at 110.
Schuylkill Valley Ill mtge, 1893 6 g J-J 80,000 July 1 1923$60,000, gold ($500) __ __c* Int. at Tr. Co. of No. Amer., Phila., Trustee.
Consol Schuylkill Gas mort- 1899 5 g A-0 150,000 Oct 1 1929gage, $200,000 ($500 and Interest at Real Estate Trust Co., Phila-$1,000) c* delphia, Trustee.Bonds.-Of the new Phoenix Gas do Electric bonds, $222,000 are reserved
tor future extensions and Improvements. A sinking fund of 1 % per annumof outstanding bonds became operative in 1907 and $29,000 bonds havebeen retired. Bonds of the Consolidated Schuylkill Gas Co. may be calledIn 1909 at par.EARNINGS.-For fiscal year ending Sept. 30 1909, gross, $150,657; net,
$56,580; fixed charges, $48,714; surplus, $7,866; in 1908, gross, $165,287 ,net, $60,400; fixed charges. $48,311; surplus, $12,089.ROAD.-Owns 6 i miles of track between Phoenixville and Swing City.OFFICERS.-Pres.. F. P. Norris; Sec. and Treas., Jag. W. Penny-
packer, Phoenixville, Pa V. 74. p. 271
PITTSBURG, KANSAS.JOPLIN & PITTSBURG RAILWAY.-A trolley road.ORGANIZATION.-Incorporated June 10 1907 In Missouri. Took
over the Pittsburg Railway & Light Co. and the Joplin & Pittsburg StreetRR. V. 85, p. 469. The Pittsburg By. & Lt. Co. was Incorporated InKansas In 1905 as a consolidation of the Pittsburg RR. and the PittsburgLight & Power Co. In 1910 absorbed the Pittsburg & Kansas City Ry.(which company had acquired the Girard Coal Belt Elec. Ry.) and all bondsof that company were retired. Franchises in towns through which roadruns vary from 30 to 50 years and some are perpetual.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity:Stock common $5,000,000_ $3,300,000 Stock preferred $2,000,000_ 900,000 First mortgage $5,000.000l 1910 5 g M-S 1,750,000 Mch 1 1930($500 & $1,000) gold_ _ _c• Harris Tr. &S.B.,Chic.,&St.L.Un.Tr.Co.,Trus
Debentures $1,050,000 (8%)l,1910 See text 1,050,000 Apr 1 1920($500 & $1,000) JAmerlcan Trust & Say. Bank; Chicago, True.Bonds.-RemalnIng first mtge. bonds are reserved for extensions and
additions at 80% of cost, but only when previous year's net earnings aretwice interest on bonds out and to be issued. Subject to call at 103 andinterest on any Interest date on twenty days' notice. No sinking fund.Interest is payable at Harris Trust & Say. Bank, Chicago; N. W. Harris &Co., N. Y., or any of the offices of E. H. Rollins & Sons. V. 90, p. 914.Debentures are incomes for first 5 years, then are entitled to 6% fixed int.Int. payable (A. & 0.) at American Trust & Say. Bank, Chicago, or FirstNational Bank, New York. Redeemable at par and interest.EARNINGS.-For year ending Feb. 28 1910, gross, $382,407; net (after
taxes), $163,347; interest, $87,500; surplus, $75.847.ROAD.-Owns and operates 100 miles of track, embracing the local
street railway lines in Joplin, Mo., and Pittsburg, Kan., and interurbanlinepconnecting the two eities.and also Pittsburg with Mulberry, Girard andCherokee, Mineral, Weir City, Scammon and Columbus. 70-lb. rails.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
92 ELECTRIC RAILWAYS [VOL. Lxxxxl.
OFFICERS.-Pres., Joseph J. Heim, Kansas City, Mo.; V.-P., W. WsCalhoon, Kansas City, Mo.; Sec. & Treas., John A. Prescott, Kansas City.Mo.; Aud., E. S. Bigelow, Kansas City, Mo.; Asst. Sec. and Treas., D. L.Robinson, Kan. City, Mo.; Gen. Mgr., W. A. Satterlee, Pittsburgh, Kan.-V. 85, p. 469; V. 90, p. 914, 1170.
• PITTSBURGH, PA.PHILADELPHIA COMPANY.-Gas (natural and manufactured) ,
electric company, trolley.In Feb. 1906 the United Rys. Investment Co. of San Francisco acquired
control through purchase of $21,000,000 of the common stock, paying forthe stock acquired partly in its own stock and partly in an issue of its coll.trust bonds. In April 1907 acquired $3,200,000 more of the stock by an-other issue of coll, trust bonds. See statement of United Rys. InvestmentCo. under San Francisco and also V. 82, p. 393, 988.ORGANIZATION.-Organized on May 24 1884, and was originally a
natural gas company. Operates under special Act of the Legislature ofPennsylvania (conferring many valuable rights and privileges) granted toIts predecessor, the Empire Company, in March 1871. Its business maybe classed under three main heads: (1) Street Railways, (2) Electric Lightingand Illuminating Gas and (3) Fuel Gas.(1) The Street Railways comprise 639.2 miles of track, all operated
(as a matter of convenience and economy) by the Pittsburgh Railways Co.(except the Beaver Valley Traction Co. and the Pittsburgh Fe Beaver St. Ry.Co., which are operated separately), and embrace the following properties:The United Traction Company of Pittsburgh.Consolidated Traction Company.Monongahela Street Railway Company.Pittsburgh & Birmingham Traction Company.Pittsburgh Railways Company (formerly Southern Traction).Pittsburgh F0 Charierot Street Railway Company.Allegheny Bellevue & Perrysville Ry.Suburban Rapid Transit Street Railway Company.East McKeesport Street Railway Company.Mt. Washington Street Railway.Beaver Valley Traction Company.Pittsburgh & Castiu Shannon RR.Washington & Canonsburg Railway.Pittsburgh & !leaver Street Railway Company.In Feb. 1902 acquired the elevated railroad franchises which were
granted to Messrs. Blgelow, Oliver, Quay and others. V. 74, p. 478.(2) Electric Lighting & Illuminating Gas.-Philadelphia Company also
.owns or controls by lease the following companies, forming the lighting de-vartment of its business.
Allegheny County Light Company.Monongahela Light & Power CompanySouthern Heat Light & Power CompanyConsolidated Gas Company.South Side Gas Company.Allegheny Illuminating Company.Braddock Gas & Light Company.Ohio Valley Electric Co. of Bellevue.The Consolidated Gas Company operates under a perpetual charter, and
with the Allegheny Illuminating Company and the South Side Gas Companyconstitutes the only gas-manufacturing companies In the city of Pittsburghand the exclusive riett to manufacture illuminating gas is vested In them.(3) Fuel Gas.-Philadelphia Company, through its own lines and those
of a number of Companies controlled by it, supplies nearly all the fuel gasconsumed in the cities of Pittsburgh and Allegheny and the manufacturingtowns lying along the Monongahela and Allegheny rivers. Company con-trols by lease 581,207 acres of gas and oil lands in West Virginia andWestern Pennsylvania. It controls through Its ownership of the Fairmont& Grafton Gas Co. 14,461 acres, and through its majority ownership of theEquitable Gas Co. 839 acres of leasehold. The principal fuel gas companiescontrolled are:The Philadelphia Company of West Virginia.Chartiers Valley Gas Company.Equitable Gas Company.Pennsylvania Natural Gas Company.Union Gas Company of McKeesport.Allegheny Heating Company.Fairmount & Grafton Gas Company.See official statement in "Chronicle" of July 12 1902 (V. 75, p. 83) for
further details regarding the character and nature of the company's businessDuring year ending Mch. 31 1910 company sold 37,688,298,000 cu. ft. ofnatural gas, an increase of 7,683,727,070 cu. ft. over year end. Mch. 31 1909.
•SCHEDULE OF CAPITAL STOCK OF OTHER CORPORATIONSOWNED AND POSSESSED ON SEPT. 1 1910.
Shares. Total Issue.United Traction Co. of Pittsburgh 339,999 Common out of 340,000Consolidated Gas Co. of the City of Pitts-
burgh(owns stock of Allegheny III'g Co.) x80,000 41 41 80,000
Congo'. Gas Co. of C. of Pitts 120 Preferred" 40,000Chanters Valley Gas Co x29,850 Comme.n " • 30,000Pennsylvania Natural Gas Co 19,822 " " 20,000Equitable Gas Go. of Pittsburgh 13,774 " " 14,000Equitable Gas Co. of Pittsburgh 4,908 Preferred" 6,000South Side Gas Co 15,046 Common " 20,000The Allegheny Co. Light Co x15,000 " " 15,000Fairmount & Grafton Gas Co 3,000 " " 3,000Allegheny Heating Co x2,664 " " 5,000Consolidation Traction y232,962 Preferred" 240,000Consolidated Traction y285,444 Common " 300,000Union Gas Co. of McKeesport 16,000 " being all the st'kMt. Washington St. Ry 30,000Allegheny Bellevue & Perrysville Ry_ 5,000 Corn., being all the stook.Pittsburgh Railways Co 50,000 Preferred"Pittsburgh Railways Co 50,000 Common "Pittsburgh & Char. St. Ry. Co 50,000Southern Heat, Light & Power Co 6,000East McKeesport St. Ry. Co 5,000Braddock Gas & Light Co 5,000Seventeenth St. Incline Plane Co 5,000Pittsburgh Canonsburg & Wash. By_ 1,590Pittsburgh & Beaver Street Ry 4,700Low Pressure Gas Co 1,000Consumers' Heating Co 1,000Mansfield & Chanters Gas Co 500Morningside Electric Street Ry. Co 480The Philadelphia Co. of West Virginia__ _ x20,000Beaver Valley Traction Co 21,500Ben Avon & Emsworth St. RyWashington & Canonsburg Ry 20,000
All of the above shares marked thus, x (with the exception of 19,990shares the Phila. Co. of W. Va., held in treasury of Phila. Co.), are in thehands of the Maryland Trust Co., trustee under the 1st mtge. and collateraltrust dated March 1 1899. Those marked y (with the exception of 38,210shares Consol. Tract, common and 202 shares Consol. Trac, pref. held intreasury of Philadelphia Co.), are held as security for the collateral trustbonds of 1901, and these latter bonds are also a second lien on the sharesmarked x.• According to balance sheet of March 31 1910 the value of stocks of
other companies owned at that time was $45,186,077.
SECURITIES OUTSTANDING..
STOCK AND BONDS- Date. Interest. Outstandino. Last div.,&c.Stock, corn, $41,000,000 ($50) Q-F $36,000,000 Aug '10, 2%Pref stk, 5%, non-cum, $6,-000,000 (par, $50)
Phil Co 1st & Col Tr M, $6,- 1899 5 g M-S 5,582,000 Sept 1 1949500,000, g ($1,000) ____e• Maryland Trust Co., Baltimore, Trustee.
Phil Co con M & col tr, $22,- 1901 5 g M-N 15,138,000 Nov 1 1951000,000, g ($1,000) Continental Trust
Co. Baltimore, Trustee
Cony deb $5,000,000 gold 1909 5 g F-A 2,500,000 Aug 1 1919($1,000) c• Interest at New York Trust Co., trustee.
Allegh'y County Lt 1st M____ 1891 6 to-A 500,000 1911East End Elec Lt 1st M 1895 6 F-A 500,000 1915Congo' Gas corn stock. $4.-) 4,000,000 000,000 (par $50)
Congo' Gas mei stock. $2.-1 ---- F-A 2,000,000 Aug'10. 2 %
onsol Gas, 1st mtg, gold' 1898 5 g F-A 5,000,000 Feb 1 1948c* dor Maryland Trust Co., Baltimore, Trustee.
500,000 (par $50) cum_ _ _
5 m_S 6,000,000 Sept'10.2%
STOCK AND BONDS.- Date. Interest. Outstandtno. Maturtty.East McKeesport St Ry 1st M1 1899 5 g J-D $250,000 Dec 11029$250,000 ($1,000), gold __ Int. at Fidelity Title & Tr. Co.
' Pitts., Trus.
Southern Ht Lt&Power Co., 1899 5 g J-D 300,000 Dec 1 19491st M, $300,000 ($1,000)_g Int. at Merc'tlie Tr. Co., Pitts., Trustee.
Monongahela Light F0 Power) 1899 5 J-D 1,700,000 June 1 1945Co. 1st mortgage, *1,700,- }Interest at Mellon National Bank, Pittsb,gh000 )The Union Trust Co., Pittsburgh, Trustee.
Ohio Valley Electric Co 1st) 1897 6 A-0 $50,000 April 1 1917mortgage, $50,000 'Int. at Mercantile Trust Co., Pitts., Trustee,
Union Gas Co, McKeesport, 1899 5 g 290,000 Oct 110291st mortgage, $295,000, g, Union Trust Co., Pittbburgh, Trustee.s 1 I Interest at Mellon National Bank, Pittsbigh.
• This table does not cover such railroad properties as are separatelyreported further on.
Stock.-Stock authorized was increased in February 1899 from $7,500,000to $21,000,000, of which $6,000,000 was 5% non-cumulative preferred.The increase was made to acquire the stock of the Allegheny Co. Light Co..Chartlers Valley Gas Co. and the corn, stock of the Consolidated Gas Co.also by exchange the United Traction stock. On Dec. 4 1901 stockholdersaathorized an increase to $36,000,000 through the issue of $15,000,000additional common stock. The increase was mainly for the purpose ofacquiring the shares of the Consolidated Traction Co. and the SouthernTraction Co. V. 73, p. 1112. In Aug 1906 authorized common stockwas further increased to $36,000,000, mainly to provide for the purchase ofthe Beaver Valley Traction Co. and Washington & Canonsburg Ry. V. 82,p. 1323. Stockholders in Sept. 1906 were offered the right to take $3,240,-000 comtnon stock at par. See V. 83, p. 492. In Dec. 1909 stockholdersand holders of cony. debs. of 1909 were offered the right to take the re-mainder ($2,760,000) of the increase in com. stock authorized in Aug. 1906at par. V. 89, p. 1545; V. 90. p. 303.
Shareholders voted July 22 1909 authorizing $5,000,000 additional com-mon stock to provide for the convertible feature of convertible debenturesauthorized at the same time, but any shares not so used to be available forthe general purposes of the company. V. 88, p. 1314; V. 89, p. 225.The Phila.Co.in Jan.1908 offered to guarantee 4% per an. from Aug. 1
1907 on the $2,000.000 pref. stock of Consol. Gas Co. (entitled to 6% cum.),provided additional earnings be divided equally between the two classes ofstock, but pref. not to receive more than 6% in any event. Holders of 75%of the $2,000,000 pref. stock having agreed to the cNroposition, the plan wasadopted. V. 86, p. 54, 605Bonds.-01 the $6,500,000 bonds of 1890 (mortgage trustee, Maryland
Trust Co.), $4,000,000 was issued at once in part payment for the stock ofthe Allegheny County Light and Chartiers Valley Gas Co., and $1.000,000were originally reserved to retire the $1.000,000 bonds of the AlleghenyCounty Light and East End Electric bonds; but $82,000 of those bonds havebeen acquired. The balance. $1,500,000, was expended for improvementsand additions. The bonds were in Oct. 1899 listed on the PhiladelphiaStock Exchange, and are also listed on the Pittsburgh Stock Exchange.The Philadelphia Company stock has been listed on the New York StockExchange since October 1886, and is also listed on the Phila. Exchange.See application to the N. Y. Stock Excl/ange in V. 70. p 1108, and also In"Chronicle" of Feb. 22 1902. Of the $22,000,000 bonds of 1901, $6,500,000are reserved to take up the $6,500,000 1st col. tr. bonds, $12,000,000 wereto acquire the nref. stock of the Consolidated Traction Co. and $3,500,000were for improvements, betterments, extensions, &c., which has beenIssued as follows: for betterments to property of this company $1,625,000Un. Trac. Co. of Pitts., $150,000; Cons. Trac. Co., $650,000; PittsburghRailways Co., $875,000, and Allegheny County Light Co., $200,000.
Convertible Debentures.-Stockholders onJuly 22 1909, confirmed the pro-posal of directors to issue $5,000,00010-year 5% debentures. convertible, $ for$, Into com.stock at any time. Subject to call at 102,i and int. on any int.date on 60 days' notice, but if called, owner has option of accepting cash orconverting into corn. stock. Remaining $2,500,000 deb. are reserved foracquisitions, extensions, &c. V. 88, p. 1314; V. 89, p. 225, 1545. Deben-tures are listed on N. Y. Stock Exchange. V. 90, p. 303.
Divs.-1'94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09Per cent_ j 5 5 None 4 4 5 5'4 6 6 6 6 6 6 6 6The foregoing dividends are for the common stock. The pref. was created
in 1899, and first semi-annual payment of 2 % % was made in Sept. 1899,and have been regularly continued since then. On common In 1910,Feb., 1 %%; May, 1 A%; Aug., 1 % and %% extra. See V. 90, p. 1554.Linear Tax Deciston.-For decision of Supreme Court of Pennsylvania
declaring the linear tax ordinance invalid, see V. 80, p. 1729.Increase in Price of Natural Gas.-On June 16 1007 price of natural gas
was increased from 25 to 30 cents per 1,000 feet. V. 84, p. 1248. On Nov.26 1907, however, notice was given that the price would be reduced to27% cents Jan. 11008. V. 85, p. 1402.
Application Dented.-Attorney-General Todd of Pennsylvania on Oct.24 1907 denied the application of city authorities of Pittsburgh for permis-ssieoenirto8b5r.invg 1q0u5o3.warranto proceedings to forfeit the company's charter.
REPORT.-Report for year ending March 31 1910 was in V. 90,p.1360Theecdptcompsa-ny in 1909-10 sold 37,688,298,000 cubic feet of gas.R
From gas 1909-10. 1908-09. 1907-08. 1906-07.
From oil $6,032,795 $4,854,052 $5,814,755 $5,183,348
Total $2,857,261 $2,410,009 $2,404,421 $2,294,423Surplus for year $1,274,082 $628,684 $356,189 $265,661COMBINED RESULTS.-The combined results of the Philadelphia•Co.
and affiliated operating companies, including the railways, were as followsfor the year ending March 31 1910:Gross earnings $19,147,517 Improvements, extensions,Oper. exp. and taxes_ _ _ _ 9,933,337 &c $1,424,217
Notes retired 40,000Net earnings $9,214,180 Dividend on preferred
Other income 327,237 stocks 382,961
Total income $9,541,417Fixed charges, &c 4,892,177
Total Surplus for the year
$1,847,178$2,802,062
Net income $4,649,240OFFICERS, ETC.-J. H. Reed, Pres.; James D. CallerY, V.-P. (also
Pres. of the Pittsburgh Rwys. Co.); J. F. Guffey, Gen. Mgr.; C. J. Braun Jr..-Cress.; W. B. Carson, Sec.; C. S. Mitchell, Auditor. Office, 435 Sixth Ave.,Pittsburgh. Pa.-V. 85, p. 531, 1083, 1402; V. 86, p. 53, 286, 1160, 1220;V. 87, p. 167, 346, 545, 1421; V. 88, p. 1250. 1259, 1314, 1500; V. 89, p. 225;1545; V. 90, p. 168, 303, 1102, 1360, 1368, 1554.
(1) Pittsburgh Railways Co.-A trolley road.This was formerly the Southern Traction Co., but in accordance with the
authority vested in It by the terms of its charter, the directors of the South-ern Traction Co. on Dec. 30 1001 voted to change the name of the companyto the Pittsburgh Railways Co. The Philadelphia Company had previouslyacquired all the stock, common and pref., of the Southern Traction,Unaccordance with terms in V. 73, p. 1112.The Southern Traction Co. was chartered in 1900 to take over, extend
and operate the West End Traction lines, which were purchased In Aug. 1900for $4,500,000.
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OCT., 1910.1 ELECTRIC RAILWAYS 93
Leases the Pittsburgh & Castle Shannon RR. for 99 years, rental being$15,000 per annum. See V. 81, p. 778.The following securities (being in each case the entire issue) are owned:
50.000 shares common stock of the West End Traction Co.90,000 " preferred stock of the West End Traction Co.
120 " capital stock of Virginia Ave. Street By. Co.400 " 44 McKees Rocks & Ingram St. Ry. Co.300 " 44 McKees Rocks & Neville Isl. St. Ry. Co.120 " 44 Crafton & Chartiers Valley Traction Co.400 " 60 GO Pitts. Banksville & Mt. Lebanon S. R. 90.100 " Carnegie Bridge Co.120 " 44 64 West Liberty & Suburban Street Ry. Co.160 " McKees Rocks & Allegheny Street By.58 "
I Bon-Air Street By.*1,400 " P ttsburgh Express Co.By the terms of an operating contract, effective Jan. 1 1902, the Pitts-
burgh Railways Co. assumed control of all the properties of the Consolidated Traction Co., the United Traction Co. of Pittsburgh and their under-lying companies.5-Cent Fare Ordinance-On June 17 1910 Mayor Magee signed an ordi-
nance providing universal transfers within the city limits, thereby makingthe fare over all lines of the system 5 cents. See V. 90, p. 1677. Companyis contesting the ordinance.ROAD.-The Pittsburgh RallwaysCo.operates 588.089 miles of track in
Pittsburgh and outlying boroughs. Equipment consists of 1,156 closedoars, 633 open cars and 181 miscellaneous cars.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common stock, $2,500,000-------$2,500,000 Preferred 5 %. cum, $2,500,000 2,500.000 Car trusts. $400 000 ($1,000)1 1905 5 g J-D 240,000 See text
lint. at Brown Bros. & Co.. N. Y. and Phila.!or at co's office. Colonial Tr. Co., Pitts.. Tr.
Bonds.-Car trusts In table above mature 140,000 annually from 1910 to1915 inclusive; $40,000 have been retired.Guaranteed Bonds-
West Liberty & Sub. St. 1st 1 1908 5 g J-J 8250,000 Jan 1 1938M $250,000 ($1,000) g
_- _lint. at Colonial Tr. Co. Pittsb., trustee.
Debt of old Southern True. Co. Date. Interest. Outslanding. Maturity.So Trac 1st M, coil tr. g, $4.-1 1000 5 g A-0 $3,875,000 Oct 1 1950
000,000 ($1,000) c* Int. at Union Tr. Co.. Pittsburgh, Trustee.nWest End Traction gen M, 1898 5 J-J 955,000 Ja 1 1938
$1,500.000 Int. at Union Tr. Co., Pittsburgh, Trustee.Underlying loans of West End Traction-
Pittsburgh Crafton & Mans- J 1 894 5 J-J 181,000 July 1 1924field 1st M lint. at Pittsburgh Trust Co., Pittsburgh.
-Pitts .53 West End 1st M 1892 5 JJ 364,000 July 1 1922Bonds.-The Southern Traction mortgage cannot be called before ma-
turity. The $125,000 unissued is held for betterments and improvements.The Farmers' Deposit National Bank of Pittsburgh offered the bonds forsale In Oct. 1900. See V. 71, p. 864. Of the portion of the 5s of 1898 ofthe West End Traction still unissued, $545,000 are reserved to retire under-lying bonds. Bonds of the West Liberty & Sub. St. are guaranteed byPitts. Rys. Co.. they are not subject to call, and have no sinking fund.ANNUAL REPORT.-All companies owned, controlled and operated by
Pittsburgh Railways Co. for years ending March 31 1910 and 1009.1910. 1909. 1910. 1909.
Gross earnings_ _9,922,016 9,212,936 Interest 1,869,990 1,792,064Net (after taxes) 3,555,077 3,684,425 Rent,leased lines2,278,869 2,258,011Other income_-_ 78,954 83,152 Misc. Int., &c_ _ _ 440,426 346,123Total Income_ _ _3,634,031 3,767,577 Balance, deilcit_ 055,254 628,621OFFICERS.-Pres., J. D. Callery; 1st V.-P., J. H. Reed; 2d V.-P., S. L.
Tone; Sec., W. B. Carson; Treas. C. J. Braun Jr. Auditor, C. S. Mitchell.-V. 73, p. 554; V. 80, p. 1861; V. 87, p. 1238; V. 89, p. 42; V. 90, p. 1677;V. 91, p. 589.(a) Mount Washington Street Ry.-A trolley road.ORGANIZATION.---Incorporated in Pennsylvania on Oct. 8 1011 and
later absorbed the Sycamore Street Ry. Also owns the entire ($500,000)capital stock of the Mount Washington Tunnel Co. Stock of the MountWashington Street Ry. Is owned by the Philadelphia Co. The road isleased o the Pittsburgh Railways Co. for 995 years from April 1 1903 forall charge, including bond lute, et.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $1,500,000 ($50) $1,500,0001st mortgage and col tr,1 1903 5 g A-0 1,500,000 April 1 1933
$1,500,000, gold ($1,000) , }Penn. Co. for Insurances on Lives & Grant-guar, prin and Int c*1 ing Annuities, Philadelphia, Trustee.Bonds are guaranteed, principal and interest, by endorsement, by the
Philadelphia Co. Interest payable in New York, Pittsburgh and Phila-delphia. No sinking fund and bonds cannot be called. The stock of theTunnel Co. has been pledged as collateral under this mortgage. SeeV. 76, p. 1143.ROAD.-Operates 12.32 miles of track from Pittsburgh to Mount
Lebanon. Gauge. 5 ft. 2 In.-V. 80, p. 222.(b) Washington & Canonsburg Ry.-A trolley road.Acquired by Philadelphia Co. In April 1906. Has operating contract
with Pittsburgh Railways.ORGANIZATION.-Incorporated in Pennsylvania on June 2 1902.
Successor on June 2 1902 to the Washington Electric Street By. In Jan.1909 Pitts. Rys. began operating the property. Franchises perpetual.Leased In 1907 the Pitts. Canonsburg & Wash. St. By.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $1,000,000 ($50) ------- - - $1,000,000 Wash Eiec St Ry 1st M 1897 5 g 125,000 Feb 1 19271st mtge $650,000 gold_c&rf 1002 5 g J-J 525,000 July 1 1932
tint. at North Am. Say. Co., Pittsburgh, Tr.Bonds.-A sinking fund of $5,000 per annum becomes operative after 5
years; $125,000 of the new bonds are reserved to retire the bonds of theWashington Electric Street By.EARNINGS.-For fiscal year ending June 30 1907, gross, $125,859; net.
$56,841; charges, $32,787; surplus, $24,054. No later figures published.ROAD. -Operates 15.86 miles in and between Washington, Tylerdale and
Canonsburg.-V. 85, p. 532; V. 87, p. 348; V. 88, p. 626.
(c) Pittsburgh Canonsburg & Washington Ry.ORGANIZATION.-In 1907 was leased to the Washington & Canons-
burg By., which guarantees- bonds, principal and Interest.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock (1,500 shares, all owned by Philadelphia Co.).1907 5 J-J $750,000 July 1 1937
1st M. $750,000 ($1,000) gold; Safe Deposit Trust Co., Pitts., trustee. Int.I at company's office, Pittsburgh.
Bonds are redeemable at 105 and int. on any Interest date.ROAD.-Operates about 12 miles of track between Canonsburg and
Castle Shannon. 80-lb. ralls.-V. 88, p 625.(2) United Traction Co.ORGANIZATION.-Incorporated on July 27 1806, and in June 1897
purchased all the property and franchises of the Second Ave. and NorthSide traction companies, and secured control of the Pittsburgh Allegheny &Manchester through a lease for 050 years and the purchase of its stock.V. 85, p. 27. The Federal St. & Pleasant Valley Passenger Ry. Is controlledthrough its lease for 050 years to the North Side Traction. In 1902 leasedthe Pittsburgh & Birmingham Traction Co. and the Pittsburgh & CharleroiSt. Ry.
In March 1899 the Philadelphia Co. offered to give $6,375,000 of its com-mon stock in exchange for the $17,000,000 common stock of the UnitedTraction. See V. 68, p. 479. In Oct. 1899 exchange of stock under thisplan was begun and 330,909 shares have been acquired.On Jan. 1 1002 the Pittsburgh Railways Co. took over tills property,
and, under the terms of the operating contract, agrees to pay current divi-dends of 5 % on the pref. stock and 1 % on the common stock. The agree-ment was until Jan. 1 1907 and thereafter until terminated by three monthsnotice from either party.STOCK AND BONDS.- Date Interest Outstanding. Div.orMat.
United Trac gen m, gold. 1 1897 5 g J-J 4,754,000 July 1 1997$10,000,000 ($1,000) -__c*JMaryland Trust Co., Baltimore, Trustee
Interest is payable In New York City.Pitts Alleg & Manch 5 1,500,000 Oct 1 1930Second Ave Trac mtge. golds 1894 5 g J-D 2,026,000 Dec 1 1934
($1,000) c*t Maryland Trust Co., Balto., Md., Trustee.Interest at Brown Bros. &o. N. Y., or A. Brown & Sons, Baltimore.
2d Ave Traction Co mtge 1893 5 J-J 420,000 July 1 1933Braddock & Turtle Creek 1st_ 1891 6 A-0 50,000 April 1 1911Loans payable June 30 1910 -___ 1,924,052
The United Traction receives the entire earnings of the North SidePitts. A. & M. and Second Ave. traction companies, subject only to annualcharges of $263,000, as shown above.
Dividends.-On preferred are 5 %. On common, % paid July 2 1903and each six months alnce then, to and including July 1910.Bonds.-The new United Traction mortgage Is limited to $10,000,000;
bonds cannot be redeemed before maturity; Maryland Trust Co. of Balti-more is trustee. Of these bonds, $5,246,000 are reserved to retire the divi-sional bonds above mentioned. Bonds are listed on the Philadelphia andBaltimore Stock ExchengesROAD.-The miles of track owned and consolidated are: Miles.
Second Avenue Traction 66.576.North Side Traction 4108:6086.Pittsburgh Allegheny & Manchester Traction
Total 125.31REPORT.-Not now an operating company.OFFICERS.-Pres., James D. Callery; V.-P., J. H. Reed; See., W. B.
Carson; Treas., C. J. Braun Jr.; Auditor, C. S. Mitchell. Office, Pittsburgh.Pa. Financial agents, Alexander Brown & Sons, Baltimore, Md.-V. 70.p. 329; V. 71, p. 180, 1271; V. 73, p. 390.
LINES CONTROLLED BY UNITED TRACTION CO.
(a) Federal Street & Pleasant Valley Ry.-Trolley.ORGANIZATION.-Incorporated Feb. 20 1868, and has since consoli-
dated its various subsidiary companies. The franchise is perpetual.The North Side Traction Co. on July 20 1896 leased the Federal Street do
Pleasant Valley for 960 years, assuming its debt, and agreeing to pay as.rental all taxes, rentals, &c., and also $70,000 yearly in cash, payable Jan.15.and July 15, equal to 5% on the $1,400,000 stock, of which it owns $750 -000. V. 63, p. 31, 76, 189.STOCK AND BOND- te. Interest. Outstanding. Maturity..
Stock (par $25), full paid------ -- 5 J-J $1,400,000 See textConsol mtge, $1,250,000. --- 1892 5 g J-J 1,058,000 May 1 1942($1,000), on 28 miles __ c* Int. at Fidelity Title & Tr. Co., Pittsburgh.Underlying mortgages-
1889 5 J-JFed St & P1 Val mtge 92,000 July 1 1919Allegheny & Bellevue 1st mtge 1890 5 J-J 23,000 Nov 1 19Allegheny St 1st mortgage__ _ _ 1890 5
1890 5 J-J 34,000 1920
Perry St 1st mortgage 5 J-J
3,000 Nov 1 19201890Troy Hill 1st mortgage 40,000 Nov 1 1920
Bonds.-The consolidated mortgage of 1942 is for $1,250,000, of whichthe balance unissued is in the hands of trustee to retire all the other issues;mortgage trustee is the Fidelity Title de Trust Co., Pittsburgh.ROAD.-Embraces 34.4 miles of track (including sidings) on about 17
miles of street; rails mostly 90-lb. girder.-V. 63, p. 189.(b) Pittsburgh & Birmingham Traction.-A trolley road.On Jan. 1 1902 leased for 999 years to the United Traction Co., which has
agreed to pay all interest, taxes, &c., and also $150,000 annually as rental.Lease Is guaranteed by the Philadelphia Co.ORGANIZATION.-Incorporated Aug. 15 1889: Nov. 19 1889 leased
P & B. Passenger By., including South Side Pass. By. Co. Has also leasedand operated since Dec. 1891 Pittsburgh Incline Plane Co. and Mt. Oliver.Incline Plane Co.: operates also Birm. Knoxville & Allentown Traction Co.In Aug. 1900 purchased the $400,000 capital stock of the West LibertyStreet By. and constructed a line to Mt. Lebanon. V. 71. p. 343.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock ($50) Text $3.000,000 See text1st mortgage, gold, 55 1 1889 5 g M-N 1,500,000 Nov 1 1929($1,000) c*j Fidelity Trust Co. of Philadelphia, Trustee.
5 A-0 43 .000Bonds Guaranteed Bonds-
Birm Knox & A 1st mtge,1 1891 6 g M-S 500,000 Sept 1 193/gold, interest guaranteed'Fidelity Trust Co., Philadelphia, Trustee.
Brownsville Ave St Ry 1st MT_ 1896 5 F-A 300,000 Aug 1 1926West Liberty St By 1st mtgef 1900 5 g J-J 400,000 July 1 1930
1Pittsburgh Trust Co., Trustee.ROAD.-Operates 30.4 miles of track, laid with 90-lb. rails.ANNUAL REPORT.-Not now an operating company.-V. 69, p. 332,
334; V. 71, p. 343; V. 72, p. 776Lines Leased to Pittsburgh et Birmingham Traction Co.
Mt. Oliver incline Ry -Owned, leased and operated by Pittsburgh &Birmingham Traction Co. Stock, $100,000. Bonds, 1st M. 6s, M. & N..due Nov. 1 1901. $41,500. Up to Sept. 1910 these bonds not taken up.
Pittsburgh Incline Plane.-Leased for 999 years to Pittsburgh & Birming-ham Traction Co., at rental equal to interest on bonds and 10% on $150,000stock, free of tax; dividends were 9 % yearly for some time, balance beingcarried to surplus; but latterly increased to 10 %.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock (par $100), full paid___ Q-F $150,000 See text1st mtge ($1,000 each) c; iiio 6 J-J 150,000 July 1 1919ROAD.-Road extends from Forty Hill, Pittsburgh, on Bradford Street
to Washington Avenue, on top of hill.-V. 71, p. 343.(c) Pittsburgh & Charleroi Street Ry,-A trolley road.ORGANIZATION.-Incorporated April 19 1902 and took over the Char-
leroi & West Side By.; Is leased to the United Traction Co. for 900 yearsfrom May 15 1902. Rental is $1,000 per year. Bonds are guaranteed,principal and interest, by the United Traction Co. and the Philadelphia Co.The entire issue of bonds was offered by T. Mellon & Sons and the UnionTrust Co. of Pittsburgh in May 1902.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $2,500,000 ($50)- $2,500,000 Charleroi & West Side 1st M__ 5 % 55.000 Sept 1 1929Pitts & Charleroi 1st M, $2,-) 1902 5 g M-N 2,445,000 May 1 1932500.000, gold ($1,000) c* Int. at Union Tr. Co., Pittsburgh, Trustee.B -
c
Bonds.-Of the Pittsb. & harlerol bonds, $55,000 is reserved to retire alike amount of Charleroi & West Side bonds. See V. 74, p. 1039.
ROAD.-Operates a road between Pittsburgh and Allenport, by way ofCastle Shannon, Finleyville, Monongahela City and Charleroi, a distance of41.81 miles. Completed in Sept. 1903.
OFFICERS -Pres..
J. D. Callery; Sec., W. B. Carson; Treas.. C. J.Braun Jr.-V. 74, p. 1039, 1090; V. 76, p. 752
(d) Allegheny Bellevue & Perrysville Ry.ORGANIZATION.-Incorporated in Pennsylvania on Feb. 8 1905. En-
tire stock Is owned by the Philadelphia Co. Is leased to the United TractionCo. for 995 years from March 1 1905 at a rental of 10% on the stock.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $250,000 ($50) 10 $250,000 See text.1st mtge $500,000 gold guar.' 1905 5 g A-0 500,000 April 1 1935($1,000) - cf Penn Co. for Ins. on L.&G.A., Phila., True.Bonds.-Are guaranteed, prin. & int.
' by Phila. Co. Interest Is payable
at company's office or by Brown Bros. de Co., N. Y. and Phila No sink-ing fund and bonds are not subject to call.ROAD.-Operates 16.69 miles of track from Allegbeny,via Westview.to
Bellevue. Gauge, 5.ft. 23 in.
(e) Ben Avon & Emsworth Street Ry.ORGANIZATION.-Incorporated in Pennsylvania on June 17 1903.
Entire stock is owned by the Philadelphia Co. Is leased to the United Trac-tion Co. of Pittsburgh for 995 years from April 1 1906 at 5% on stock.STOCK AND BONDS- Date, Interest. Outstanding,$l,o 2:e ta
guar Fidelity Title & Trust Co., Pittsb., Trustee[Interest at company's office.
Bonds.-Are guaranteed, principal and interest, by the Philadelphia CoROAD.-Operates 5.42 miles of track from Avalon to Dlxmont. Gauge,
6 ft.24.OFFICERS.-Pres.. Jas. D. Callery; V.-P., S. L. Tone; Sec., W. B.Carson; Treas., C. J. Braun Jr.
(3) Consolidated Traction.-Trolley road.ORGANIZATION.-Chartered July 15 1895. The company absorbed
the Fort Pitt Traction Co. (a consolidation of Fort Pitt Pass. By. GrossStreet By., Highland Park Street By. and Negley Street Ry.), and aisumedIts leases of the Citizens' and the Allegheny Traction companies, and hasacquired the control of the Pittsburgh, the Duqusene and the Central Trac-tion companies. In 1902 leased the Monongahela St. By. and the Subur-ban Rap. Tran, Street By. Owns all stock of the Ardmore Street By.;and guarantees its bonds, principal and interest. V. 88, D. 882.
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On Dec. 4 1901 the stockholders of Philadelphia Company approvedplan for absorbing the shares of the Consolidated Traction. See termsIn V. 73, p. 1112. 285,444 shares common and 232.962 shares preferredhave been so exchanged.STOCK- Par. Interest. Outstanding. Dividend.
'Common stock $50 J-J $15,000,000 July'10,1 %Preferred stock, 6 % cum 50 8 M-N 12,000,000 May '10.3 %Uquipment '1 rust certifleates1 1908 6 F-A 224,000 See text
$280,000 Colonial Trust Co.. Pittsburgh, Trustee.Fort Pitt Tract mtge 11,000.- 1895 5 g J-D $1.000.000 Dec 2 1985000 (51,000) g not red__cs ant. at Pitts. Trust Co., Pitts., Trustee.
Notes payable June 30 1909 1,772,973
Stock.-The pref. stock carries cum. dividends of % per annum.and has the right to participate equally with the common stock whenthat has received 6%. All arrears of dividends were paid up in Jan. 1903.V. 78. p. 48. First dividend of 1 % on common paid Jan. 2 1903; then1% July 1903; 1904 to 1910, incl., 2% per annum.Bonds.-The equipment trust certificates mature in 10 annual install-
ments of $28,000 each from Feb. 1 1909 to Feb. 1 1918 inclusive; $56,000have been retired; they are secured by 50 cars costing $350,000.The Fort Pitt Tract. bonds are secured by the deposit of the shares of the
constituent companies out of which the Fort Pitt Co. was formed, namely,$300,000 Fort Pitt Pass. By. stock, $100.000 Gross St. By. stock, $100,000Highland Park St. By. stock. $100.000 Negley St. By. stock.
• ROAD.-Controls about 126 miles of track in all.OFFICERS.-Pres., J. D. Callery; V.-P.. J. H. Reed; Sec., W. B.
Carson; Treas., C. J. Braun Jr.; Aud., C. S. Mitchell-V. 73, p. 553, 723;V. 76, p. 48; V. 79, p. 627; V. 86. p. 284; V. 88. p. 882.(1) Ardmore Street Ry.ORGANIZATION.-Incorporated in Pennsylvania on Oct. 31 1907.
Road mostly on private right of way. Franchises in boroughs are perpetual.Consolidated Traction owns all the stock and guarantees the bonds, prin.and int. V. 88. p. 881.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $14,000 ($50) See text.1st mort. $1,250,000 goldl 1908 5 g A-0 $1,000,000 April I 1958($1,000) c•fInt. at Colonial Trust Co., Pittsb.. trustee.Bonds.-Remaining bonds are reserved for extensions and betterments.
No sink, fund, but subject to call at 105 and interest.ROAD.-Operates 8.07 miles of track between WIlkinsburg & East Pitts-
burgh.-V. 88, p. 881.Lines Controlled by Consolidated Traction Co.
(a) Allegheny Traction.ORGANIZATION.-Incorporated July 23 1890. April 1 1896 this
company was leased to the Fort Pitt Traction Company for 950 years at arental of $25,000 per annum.STOCK AND BONDS- Date. Interest. Outstanding. Last div,etc.Stock, $500,000 (par $50) ----- 5 % $500,000 See text.
Guaranteed Bonds-MIllyale Etna & Sharps-1 1893 5 g M-N 750,000 Nov 1 1923
burg 1st M. $750,000 g lint. at Pittsburgh Tr. Co., Pittsburgh, Trustee.Dividends.-The semi-annual dividend of 2 4 % due June 1 1901 was
passed, the proceeds being used to pay off the floating debt. In 1902,4 M%; 1903 to 1909, incl.. 5% per annum. In 1910, Apr., 2%.ROAD.-Including Millvale Etna & Sharpsburg, 21.68 miles of road.
(b) Central Traction.-Trolley.
LEASE.-Incorporated Dec. 21 1888. Leased from April 2 1898 tothe Consolidated Traction for 950 years at 3 % per annum on par valueof $1,500,000 stock (see V. 81, p. 1154); .and in May 1898 stockholderswere offered privilege of exchanging their stock for receipts, which wereredeemed at $30 per share on Oct. 1 1896 in Consolidated Traction Co.preferred stock at par. 29,133 shares of Cent. Trac. stock (out of 30,000)have been so exchanged. V. 63. p. 1087.STOCK AND BONDS-Miles. Date. Interest. Outstanding. Maturity.
Stock ($50) see text 3 70A-031 130,000 shs.1 See130 paid upf text.
1st M. $375,000 cable' 6 1889 5 J-J 1375,000 July 1 1929line, $500. lInterest at Union Trust Co., Pittsburgh.
Bonds of Central Passenger Ry. controlled.1st M. 5250,0001 4 1894 6A-0 125.000 Oct 1 1924($1,000) .___ JInterest at Union Trust Co., trustee. Pittsburgh.Dividends.-Feb. 1. 1892, $2 50 in stock; in 1896, Feb., 2% in cash;
In 1898. Nov., 1 4 % in cash; in 1899 and since 3% per year.ROAD.-8.72 miles of road, of which it controlled by ownership of cap-
ital stock, Central Passenger By., 3 miles.-V. 62. p. 948. 1087.
(c) Citizens' Traction.-A trolley road.
ORGANIZATION.-Incorporated July 8 1887. On Sept. 1 1887 pur-chased the entire capital stock 0200,000 of the Citizens Passenger By..which It now holds.LEASE.-Leased from Nov. 1 1895 to Port Pitt Traction Co. (now
Consol. Traction) for 950 years at 8% per annum on $3,000,000 capitalstock. In addition the lessee agreed to pay a floating debt of $175,000,and at maturity mortgage debt. V. 61. p. 661.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock ($50) fully paid 6 M-N $3.000,000f.p. See text.1st mortgage ($1,000) Not j1887 5 A-0 1,250,000 Oct 1 1927
subject to call 1Fid. Title 63 Tr. Co., Pittsburgh, Trustee.Bonds of lines whose stocks are owned-
Penn St. Pass. By. 1st M. 1892 5 J-D 250,000 June 1 1922Interest and dividends payable at Union Nat. Bank, Pittsburgh, Pa.ROAD.-Owns 36.97 miles of track on 15 miles of street.-V. 60.p. 930;
V. 81, p. 112, 516, 681.
(d) Duquesne Traction.-A trolley road.LEASE.-Incorporated Jan. 25 1890. Leased from April 2 1898 to
the Consolidated Traction for 950 years at 4% on the $3,000,000 stock.but dividends for a year and a half were withheld for payment of floatingdebt of $180,000. In May, 1898 stockholders were allowed to exchangetheir stock for receipts, redeemed Oct. 1 1896 at $37 per share in % pre-ferred stock of Consolidated Traction Company at par. 52,635 shares outof 80,000 have been so exchanged. See V. 82, p. 1087.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock ($50) fully paid Text. 3,000.000 See text.Div. payable at Fidel. Tit. do Tr. Co., Pitts.
1st mortgage c* 1890 5 J-J 1,500,000 July 1 1930Fidelity Title & Trust Co.. Pitts., Trustee.
Dividends were 5%. J-J, but in 1893 and 1894 none paid; in 1895, 4 %;in 1896, none; in 1898, 3%; in 1899 and since, 4% yearly.ROAD.-At time of lease in 1896 controlled 11 companies, having at
present 35.94 miles of road.-V. 62, p. 948. 1087.
(e) Fort Pitt Traction.-See "Consol. Traction Co.(f) Monongahela Street Railway.ORGANIZATION.-On May 28 1898, absorbed by consolidation the
Schenley Park de Highland, Homestead & Highlands, Braddock & Home-stead and the Braddock & Duquesne.In Dec. 1901 the Monongahela Street By.. the Wilkinsburg & East
Pittsburgh Street By.. the WilkinsbUrg & Verona Street Ry. and thePitcairn & Wilmerding Street By. (construction of latter two roads com-pleted during year 1903-04), were merged in the Monongahela Street Ry.and stock was increased from $1,000,000 to $7,000,000. See V. 73,p. 1112. On Jan. 1 1902 the Monongahela Street By. was leased for 999years to the Consolidated-Traction Co. for interest, taxes, etc., and anannual rental beginning with $165,000 the first year and increasing $18,750each year until $315,000 is reached. Lease is guaranteed by PhiladelphiaCo. First dividend under lease (2%) was paid in July, 1904. See V. 79,p.289. In 1905, Jan., 1 4%; July, 1 3-570:in 1906, 3.26%; in 1907, 33
-%;in 1908, 3.86%; in 1909, 4.12%; in 1910, 4.37%.STOCK AND BONDS-Miles. Date. Interest. Outstanding. Maturity.
Stock, $7.000,000 Sea text $7,000,000 See text.Mon. St. By. 1st mort.,1 17 1898 5 g J-D 1,000,000 June 1 1928$1.000,000 gold__ _j Union Trust Co.. Pittsburgh, Trustee,
Wilk. 63 E. P. M.)$2,000,000 gold) __ 1899 5 g M-S 2,000,000 Sept 1 192901,000) c&r
Wilk. 63 Ver. M., $700,1 __ 1901 5 g J-D 602,000 June 1 1931000. g ($1.000)c&rj
Pt. & Wil. M. 3700,-1 -_ 1901 5 g J-J 554,000 July 1 1931000. g. ($1,000) c&rjBonds.-The Union Trust Co. of Pittsburgh Is trustee of all mortgages
and interest is payable at Mellon National Bank. The Wilks. & Ver. bondsare guaranteed, prin. & int., by Wilk. 63 E. Pitts. St. By. Co.. MonongahelaSt.-Ry. Co., Consol. Traction Co. and Phila. Co. of Pittsburgh.
ROAD.-Owns 69.73 miles of track, including branches; 90-lb. rails.REPORT.-Not now an operating company.OFFICERS.-Pres.. W. L. Mellon; VA' , A. W. Mellon; Treas., W. S.
Mitchell.-V. 72, p. 778; V. 79, p. 269, 627, 735.(g) Pittsburgh Traction.-A trolley road.
ORGANIZATION.-Incorporated April 30 1887.LEASE.-Leased from April 2 1806 to the Consolidated Traction for 950
years at 7% on the $2,500,000 stock (see V. 81, p. 1154) but 13i years'dividends were used to pay floating debt of $250,000. The full 7% is nowbeing paid. In May 1898 stockholders were offered receipts for their stock,which were redeemed at $70 per share on Oct. 1 1896 in preferred stock ofConsol. Traction Co.; 49,500 shares out of 50.000 have been so exchanged.See V. 62, p. 948. Pittsburgh Traction owns the $250,000 capital stockof Bloomfield Street By. and guarantees the bends.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
1Fidelity Title & Trust Co., Pitts., Trustee.Guaranteed Bonds-
Bloomfield Street By 1st) 1893 5 F-A 250,000 Aug 1 1923cur c*f Interest at Pittsburgh Trust Co.. Trustee.Stock.-Issued 50.000 shares, on which $38 each has been paid.DIVIDENDS.-At company's office, Pittsburgh. Dividends in 1895,
6%; In 1898, none-see above; in 1898, 54 %; in 1899 and since, 7%.ROAD.-Owns 18.7 miles of track.
(h) Suburban Rapid Transit Street Ry.ORGANIZATION.-Was leased on Jan. 1 1902 to Consolidated Traction
Co. for 900 years at an annual rental of $56,000, as well as paying all charges.Including interest and taxes.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $1,400,000 J-J $1,400,000 July '10, 2%1151 ,m00t0g)e $200,000 gold) 1893 g M-S 200,000 Sept 1 1913 cjInt. at Safe Dep. & Trust Co., Pitts., Trustee
Dividends.-In 1903. 4%; in 1904, Jan., 2%; July. 131%; 1905 to 1909.inclusive. 4% per annum. In 1910, Jan., 2%; July, 2%.ROAD.-Operates 11.54 miles of track on 6 miles of street
(I) Morningside Electric Street Ry.ORGANIZATION.-Incorporated in Pennsylvania on July 14 1904.
Entire stock is owned by Philadelphia Co. Is leased to the ConsolidatedTraction Co. for 995 years from Sept. 30 1905 at a rental of 5 % on stock.
STOCK AND BONDS- Date. Interest. Outstanding Maturity.Stock, $24,000 ($50) 5 A-0 $24,000 See text.1st mtge, $200,000, gold} 1905 5 g A-0 200,000 Oct. 1 1935
($1,000), guar, prin. and Int. at office of Brown Bros. & Co., Phila.int, by Philadelphia Co_o* Penn.Co.for Ins.onLives de G.A.,Phila,Trust.ROAD.-Operates 3 1-3 miles of track. Gauge 5 ft. 2 in.OFFICERS.-Pres- Jas. D. Callery; V.-P.. S. L. Tone; See., W. B.
Carson; Treas., C. J. Braun Jr.
(4) Seventeenth Street Incline Plane Co.ORGANIZATION.-Is a reorganization on Dec. 28 1904 of the Penn. In-
cline Plane Co. Entire stock is owned by the Philadelphia Co. Is operatedby the Pittsburgh Rys. Co.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $250,000 ($50) $250,000 1st mtge $125,000 (11.000)1 1905 5 cur M-S 125,000 Mch 1 1935guar c* 'Int. at Colonial Tr Co., Pittsburgh, Trustee.Bends.-No sinking fund, and bonds are not subject to call. Are guaran-
teed. prin. & int., by the Philadelphia Co.OFFICERS.-Pres., J. D. Callery; V.-P., S. L. Tone; Sec., W. B. Car-
son; Treas., C. J. Braun Jr.; Aud.. C. S. Mitchell.
(5) Beaver Valley Traction.-A trolley road.In July 1905 entire stock was acquired by the Philadelphia Co. of Pitts-
burgh. V. 81,0. 506.ORGANIZATION.-Incorporated in Penn. In perpetuity June 29 1891,
and owns entire stock of Beaver Valley St. and of Central Electric St. Ry.Co., purchased Aug. 8 1891, operating them as one road under 999-yearlease. Charter and franchise perpetual.In 1900 stock was increased from 5300 000 to $1,000,000 and then pur-
chased the stock and property of the People's Electric Street Ry. of Roches-ter, the College & Grandview Electric Street By.. the Rochester & MonacaElectric St. By. and the Beaver & Vanport Electric St. By.; also owns en-tire capital stock of Riverview Electric St. By. Co., the Freedom & ConwayElectric St Ity. Co. and the Vanport Electric St. By. Co., none of whichhave any separate bond issues. In Jan. 1902 authority was given to in-crease stock from 31,000,000 to $1,500,000.STOCR AN BONDS.- Date. Interest. Outstanding. Maturity.
Stock $1 500,000 (par $50) $1,075,000 1st mtge $150,000 gold_ „cf 1891 6 g J-J 150,000 July 1 1911
lint- at Union Trust Co., Pittsburgh, Oct
iurgh, Trus1t975.2d mtge $100,000 ($500)1 1895 6 g A-0
00.0
_c*JInt. at Union Trust Co., Pittsburgh, Oct
iurgh, Trus1t9e5e0.lstgoclodn mtge $1,000,000 gold( 1900 5 g A-0
6n.o
gold c* J, Int. at Pa. Co. for Ins. on Lives & Granting1 Annuities, Philadelphia, Too
Novroustee. 1 1953
Gen mtge $3,000,000 01.000)1 1903 5 g M-N 00
gold c*JInt. at Northern Trust C5o0.:0P0ohlima.a.yTrlus1t0e1e2.People's El St By 1st M gold.. _ 1892 6 M-NPeople's Elec Street By 2d1 1895 6 F-A 25,000 Feb 20 1915mtge gold 'Interest at Union Trust Co., Pittsburgh.
Bonds.-Of the $1,000,000 consols, $325,000 are reserved to retire under-lying bonds. Bonds are redeemable at 110 and accrued interest. V. 71, p.913. Of the new general mortgage for $3,000,000, $1,000,000 are reservedfor prior liens and the remainder for extensions and improvements at 75 %of cost. The new bonds are redeemable in any amount at any time at 110and int. See V.77, p.2158.ROAD.-Owns and operates 36.11 miles of track , connecting the various
towns and boroughs in the Beaver Valley, from Morado Park southerly, viaBeaver Falls, to Beaver and Vanport and to Rochester and Conway. Laidwith 90-1b. and 73-113. girder rails. Owns 26 closed and 14 open passengercars and 4 miscellaneous cars.EARNINGS.-For year ending June 30 1907, gross, $268,838; net after
taxes. $108,182; int., $80,699; sum., $27,482. No later figures published.OFFICERS.-Pres.. J. D. Callery, Pittsburgh; V.-P., S. L. Tone; Sec.,
W. B. Carson; Treas., C. J. Braun Jr.: Auditor, C. S. Mitchell.-V. 77, p.1224, 2158; V. 81. p. 500, 1664, 1790; V. 87. p. 345.
(6) Pittsburgh trc Beaver Street Railway Co.-A trolley road.
ORGANIZATION.-Incorporated in Pennsylvania Jan. 23 1908.Franchises 'perpetual. Capital stock $235,000 ($50 par), all owned byPhiladelphia Co. Bonds authorized, first mortgage gold, $1,500,000;issued, $750,000, all owned by the Philadelphia Co.; dated July 1 1908,due July 1 1938. Int. 5%, payable Jan. and July at company's office,Pitts- Union Tr. Co. of Pitts.. trustee. Are guar. p. & I. by Phila. Co.ROAD.-Operates 15 miles in and between Baden, Beaver County,
and Leetsdale, Allegheny County, Pa.
WEST PENN TRACTION CO.ORGANIZATION.-Incorporated in Pennsylvania in May 1910 In the
interests of the American Water-Works & Guarantee Co. to take overcontrol of West Penn Railways per plan in V. 90, p. 628. which provided Inbrief that holders of West Penn Railways common stock ($3,250,000) turnin their stock and receive therefor 50% of 8% cum. pref. ($100) and 100%common ($100) of the West Penn '1`rao. Co. for each share of common ofWest Penn Railways so delivered. The American Water-Works & Guaran-tee Co. agreed to buy all bonds issued by West Penn 'Israc. Co. within 2 years.It is expected that West Penn Tree. Co. will build several extensions toWest Penn Railways.On Sept. 1 1910 shareholders approved the issue of $25,000,000 bonds
covering all property now or hereafter owned and ratified the agreementwith the West Penn Rys. Co. and the Amer. Water Works & Guar. Co.V. 91, p. 39, 590.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Dividends.-InItlal die., 1 .4%, on pref. paid June 15 1910; on July 151910 a second div. of 1 4% was paid; Oct., 14%.EARNINGS.-For 6 mos. ending June 30 1910 (incl. subsidiary coo.)
gross, $1,069,288; net, after taxes, $428,835.OFFICERS.-pres., W. S. Kuhn; See., C.W. Scheck.-V. 90, p. 1364'
1558, 1615, 1678; V. 91, p. 39, 398, 590.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Our., 19 1 O. } ELECTRIC RAILWAYS 95
(1) West Penn Railways Co.-Trolley and electric lighting.The West Penn Trac. Co. (see above) acquired, control of companyper
plan (approved by West Penn Rys. shareholders in Feb. 1910) in V.90,
p. 448, 504, 628.ORGANIZATION.-Incorporated in Pennsylvania on Feb. 17 1904 and
Is a consolidation of the Pittsburgh McKeesport & Connellsville By.. the
Uniontown So Monongahela Valley Ry., the Connellsville Suburban Street
By., the Greensburg Se Southern Electric Street Ry. and of 10 electric
lighting companies in various cities and towns tributary to the road. In
May 1906 acquired the controlling interest in the McKeesport & Duquesne
Bridge Co. and the entire capital stock of Latrobe Street Ry. In addition
to street railway, does electric-lighting and power business; also ownsOlympia Park, a summer resort of 76 acres within 2 miles of the city.Franchises are for 999 years. N. W. Halsey Se Co New York, and the
Municipal So Corporation Securities Co. of Pittsburgh offered the bonds for
sale in May 1905. (V. 80, . 1914.) In 1907 ac uired a majority of the
stock of the Pittsburgh Mc eesport & Greensburg Ity. V. 85, p. 285.
On Sept. 1 1910 shareholders voted to increase the bonded debt to $12,-000,000 to provide for extensions, and ratified the agreement between thecompany and the West Penn Traction Co. V.90. p. 1297; V 91, p.39,590.STOCK AND BONDS.- Date. Interest. 0$u3,0 00Outstanding. Maturity.
Common $3,250,000 ($100) _ _ _ -Preferred $2,750,000 5 % non-} 5 Q-F 2,750.000 Aug'10.1 X
cum ($100) First mtge $6,000,000 gold) 1905 5 g A-0 5,516.000 Jan 1 1931
(5500 and $1,000) c* Int. at Colonial Trust Co , N. Y., Trustee.
P McK & C 1st con mtge, 1901 5 J-J 3,000,000 Jan 1 1931
53,500,000 ($1,000), gold. }Interest at Mercantile Trust Co.. Pittsburgh
Cannot be called I Trustee.Con Sub St By mtge, 5175,-1 1902 5 g J-J 175,000 Jan 1 1932
000, guar fInt. at Mercantile Trust Co., Pitts., Trustee.
Bonds.-In addition to the issues given above, there are $469,000 under-
lying liens outstanding, but as these will be taken up with a like amount
of the new bonds, we omit them from the statement. Of the new 56.000,000
bonds, 5438,000 are reserved to retire prior Hens. No. sink. fd. and are notsubject to call. See V. 80, p. 1914. As additional security for bonds, $999,-
600 stk. of West Penn. Interur. Rys., 52.999,600 of Pitts. McK. & Connells.
By., 5149.600 of Greensb. Se Sou. Elec. St. By., $825,250 of West Penn
Elec. Co., $238,500 of Westmoreland Lt., Heat & Pow. Co., and $100,000 of
Latrobe Street By. Co., making a total of $5,312,550 deposited with trustee.
The Connellsv. Sub. bonds were guar. p. & I., by the Pitts. McK. SG Con-nellsville Street By.• Dividends -The first quarterly dividend on preferred stock, 1 X %, waspaid Feb. 1 1906 and 1 X% was paid May 1, Aug. 1 and Nov. 1. 1907 to1909, incl., 5% annually; in 1910, Feb., 1 %; May, 1 34%: Aug., 1 g%.EARNINGS.-For calendar year-
Year- Gross. Net. Bond Int. Pf.Div.(5%). 13al.,Sur,1909 $1,767,915 $786,575 $459,827 $137,500 $189,2481908 1,551,138 691,874 446,306 137,500ROAD.-Owns and operates 143.41 miles of road from Duquesin0e810a6d8-
joining Pittsburgh) to McKeesport, Versailles, Buena Vista, Mt. Pleasant,Scottdale, Connellsville, Leiseuring, Dunbar, Uniontown, Fairchance,Latrobe and Greensburg. This includes the mileage of the Pitts. McK. &Greensb. By. Laid with 70-lb. T rail in the country and heavy girder railsin cities and townsOFFICERS.-Chairman of Board, E. C. Converse, Norwich, Conn.;
Pres.. W. S. Kuhn; V.-P., Jas. S. Kuhn: Sec., Robt. P. Watt; Treas.. J. B.Van Wegener, all of Pittsburgh.-V. 84, p. 451, 997; V. 85. p. 285, 532:V. 86, p. 422, 1411; V. 88, p. 508; V. 00, p 448, 504, 561, 628, 1297:V. 91, p. 39, 590.(a) Pittsburgh McKeesport & Greensburg RY.-A trolley road.In 1907 the West Penn Railways acquired a controlling Interest.ORGANIZATION.-A consolidation on June 28 1901 of the Greensburg
& Hempfield Electric St. Ely. and the Westmoreland By. All franchises areperpetual and about two-thirds of the road is over private right of way.STOCK AND BONDS- Date. Interest, Outstanding. Maturilg.
Stock, $1,500,000 1st M, $1,500,000 ($1,000) , 1901 5 g J-J 1,51)0,000 July 1 1931
gold c Int. at Harrisburg Tr. Co., Harr1sb., Trustee.or at Manufacturers'Tr.Co.,Providence, R. I.
ROAD.-Owns and operates 28.9 miles of track from Trafford City (whereconnection is made with the Pittsburgh Rys. Co.) through Jeannette andGreensburg to Youngwood and Hunker. 74-1b. T and 90-1b. girder rail.Gauge, 5 ft. 234 in.; 22 cars. Owns in fee one pleasure park. Power sup-plied by the Westmoreland Light, Heat & Power Co.OFFICERS.-Pres., L. B. Huff; V.-P., W. S. Kuhn; Treas.
' J. B. Van
Wagner; Sec., Byron Trimble; Supt., M. A. Coffey.-V. 76, p.811; V. 83.p. 1525; V. 84, p. 221.
PITTSBURGH & BUTLER STREET RY.--Interurban trolley.ORGANIZATION.-incorporated in Pennsylvania Jan. 1905. Has a
long-time contract with the Pittsburgh Railways Co. for the use of theirtracks from 6th St. and Penn. Ave.. Pittsburgh, to Etna. Private right ofway from Etna to Butler.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Common $1,500,000 ($50) _ $1,500,000 1st mtge 51,500.000 ($1,000)f 1905 5 g M-N 1,500,000 May 1 1935
gold c* Int. at Pitts. Trust Co., trustee, or ColonialTrust Co., New York.
Bonds.-No sinking fund and bonds are not subject to call.ROAD.-Total length of line, 38.51 miles, between Butler and Pitts-
burgh, Pa., of which 5.4 miles are over the tracks of the Pittsburgh RailwayCo. Standard gauge; 70-lb. T and girder rails; 18 cars.OFFICERS.-Pres.. Geo. Heard, Pittsburgh; V.-P., E. S. Reilly; Sec. &
Treas., D. I. Parkinson, Pittsburgh; Gen. Mgr., W. H. Pape, Butler,-V. 81, p. 1849; V. 82, p. 1157; V. 84, p. 1552.
PITTSBURGH & ALLEGHENY VALLEY TRACTION CO.-A trolleyroad.ORGANIZATION.-Incorporated in Pennsylvania on April 25 1910 as
successor to the Pittsburg & Allegheny Vail ey By., sold at foreclosureMarch 21 1910 per plan in V. 90, P. 977. Owns entire capital stock of theApollo Electric Light, Heat & Power Co. and the Leechburg Electric Light& Power Co. Operates over private rights of way except In towns.STOCK AND BONDS- Dale, Interest. Outstanding. Maturity.Stock 5350,000 (550) $350,000
,First mortgage $350,000 gold) 1910 5 g M-N 350 000 May 1 1940($250, $500 and $1,000) _c* jInt. at Safe Dep. & Trust Co. of Pitts., Trus.Bonds.-No sinking fund. Subject to call on any interest date at 105 and
int. Stocks of the Apollo Elec. Light. Heat & Power Co. and the LeechburgElec. Lt. & Power Co. are pledged as collateral for the first mtge. bonds.ROAD.-Operates 8 M miles between Apollo, Vandergrift, Hyde Park
and Leechburg. 70-lb. T rail. Gauge, 5 ft. 2 in.OFFICERS.-Pres. 0. W. Kennedy; V.-P. Geo. M. Hosack; Sec..
E. B. Hartman Jr.; Treas., ,eas.. F. W. Jackson; Supt., H. A. Waddell.-V. 90,p. 850, 977.
PITTSBURGH HARMONY BUTLER & NEW CASTLE RY. CO.-Atrolley road.ORGANIZATION.-Is a consolidation In 1906 of several small com-
panies. In Feb. 1910 authorized stock was increased from 53,000,000 to$3,500,000.STOCK AND BONDS.- Date. Interest. Outstanding, Maturity
Stock 53,500,000 $3,000.000 1st mtge $3,500,000 ge 1906 5 g J-D 2,500,000 June 1 1936($1,000) c* Int. at Union Trust Co., Pittsburgh, Trustee,Bonds.-The 51,000.000 unissued are reserved for future extensions.ROAD.-Operates 75 miles of track from Pittsburgh, via Wexford,
Evans City. Harmony and Ellwood City, to New Castle, with a branch fromEvans City to Butler. Enters Pittsburgh over the tracks of the PittsburghRys. Co. On July 4 1908 line was opened between Butler and New Castle.Remainder put in operation on Nov. 14 1908.OFFICERS.-Pres., R. H. Boggs; V.-P., W. A. Goehring; Sec. and
Treas., Mark G. Hibbs; Supt., Harry Ethredge.-V. 83, p. 752; y.90,p.447.
ST. CLAIR INCLINE PLANE.-A cable road.ORGANIZATION.-Chartered Sept. 9 1885. Road completed in 1889.
Stock, $150,000, 1. p.; 1st mortgage, $1,000 each; 6s, M-N, $75,000, dueNov. 7 1909. Interest at Mellon Nat. Bank. In Feb. 1910 it was statedthat company would probably make a new mtge for 575,000. Dividends:In Jan. 1893, 23i%: July 11906, 1%; Jan. 1 1907, 1%. Road Is four-tenthsof a mile long. Gross earnings for 1907 were $21,929.OFFICERS.-Pres. and Supt., W. S. Hughes; Treas., R. B. Mellon; Sec.,
H. A. Phillips, Office,514 Smithfield St., Pittsburgh.-V. 90. D• 373.
PLATTSBURGH, N. Y.PLATTSBURGH TRACTION CO.-A trolley road.t.OliliOi Is 'MU ow tue Delaware ec Hudson uo.ORGANIZATION, dm-Chartered May 27 1806. Franchise 50 years
from Nov. 20 1895. Capital stock, $100,000 (par $100). First mtge. 6%eold bonds of 1896, due 1926: lot .j-.T at New York Trust Co., N. Y., Trus-tee; authorized. $100,000; issued, $80,000. For year ending Dec. 31 1909;gross, $29,725; net, $12,158; fixed charges, $7,364; surplus. $4,794.ROAD.-Owns 7.65 miles of track; rail, 50-1b. T. Pres., E. N. Sander-
son; V.-P., C. S. Sims; 2d V.-P., W. H. Williams; Sec., Jas. McCredieTreas. and Gen. Mgr., A. von Schrenk.
PLYMOUTH, MASS.BROCKTON & PLYMOUTH STREET RY.ORGANIZATION.-Chartered on Jan. 3 1900 as the Pembroke St. Ry.
to operate a railway In the towns of Pembroke and Kingston. In Sept.1900 was consolidated with the Plymouth & Kingston Street Ry. and theBrockton & Plymouth Street By., and in Nov. 1900 name changed as above.In Feb 1907 Mass. RR. Commission granted authority to do a freightbusiness in the towns of Whitman, Hanson and Pembroke. Franchise per-petual.STOCK AND BONDS.- Date, Interest, Outstanding. Maturity.
1st mortgage $300,000 gold) 1900 43,6 g .T-D 260,000 Dec 1 1920(51 000) c*f Int. at Old Colony Tr. Co., Boston, Trustee.EARNINGS.-For year ending Dec. 31 1909, gross, $130,786* net.
$37,837; interest and taxes, $21,668; dividend, $3,300; surplus, $12,869.Dividends.-An initial dividend-3%-was paid on pref. Sept. 15 1909.
In 1910, March, 3%; Sept., 3%.ROAD.-Plymouth through Kingston, Pembroke and Hanson to Whit-
man, 24.3 miles of track. Operates 25 passenger and 7 other cars. Stand-ard gauge. 60-1b. rail.OFFICERS.-Pres., James D. Thurber; V.-Ps., Chas. I. Litchfield and
A. Stuart Pratt; Clerk, Clement R. Ford; Treas., Henry B. Sawyer;Mgr. da Trans. Ag'ts. Stone & Webster, Boston.-V.77. p.2158; V.88.p.748.
POMEROY, OHIO.OHIO RIVER ELECTRIC RY. & POWER CO.-A trolley road.ORGANIZATION.-Incorporated In 1900. Owns all the capital stock
($50,000) of the Pomeroy & Middleport Electric Co.STOCK AND BONDS.- Date, Interest. Outstanding. Maturity.
Stock 5300,000 ($25) $300,000 1st mtge $315,000 gold(5100,1 1900 5 g J-J 315,000 July 1 19245500, $1.000) c*JInt. at Columbia Ave. Tr. Co. Phila., TrustEARNINGS.-For year ending Dec. 31 1909, gross, $57,465; net.
$16,280; charges, $17.857; surplus, $1,577.ROAD.-Owns and operates 12 miles of road extending through Mid-
dieport, Pomeroy, Syracuse and Racine. Ohio.OFFICERS.--Pres., Percy M.Chandier; V.-P. and Gen. Mgr., John Blair
MacAfee; Sec., J. Clark Moore; Treas., J. W. Hammer. General office,Norfolk. Va.
PORT JERVIS, N. Y.PORT JERVIS TRACTION CO.ORGANIZATION.-Incorporated in New York on June 1 1910 to tak
over the railway business of the Port Jervis Elec. Lt. Pow. Gas. & RR. Co.sold at auction on Jan. 27 1909. The Port Jervis Light & Power Co($118.000 stock, $182,000 bonds) was also incorp. to take over the Ughand power business. The bonds of the Traction Co. are to be taken overby the Light & Power Co.STOCK AND BONDS- Date. Interest, Outstanding. Maturity,
Int. pay in MiddIetown,NYJ Orange Co. Tr. Co., Middletown, N.Y., Trus.Bond.-Subject to call at 105 on any interest day.ROAD.-Operates 4.3 miles of track, 56-lb. T rail; 6 cars.OFFICERS.-Pres., Robt. C. Maroney; Sec., John E. Daily; Treas.
David R. Thomas.-V. 74, p. 380: V. 88, p. 158, 296.
ORGANIZATION.-Incorporated July 1905 in Indiana. Franchises incities and towns 50 years; in counties perpetual.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common, $1,000,000 ($100)- 51,000,000 1st mortgage, 51,000,0001 1905 5 g J-J None. July 1 1935($1,000) void. Nos, fe11nt. at American Trust & Say. Bk., Ch., Tr.Bonds.-$900,000 bonds in treasury.ROAD.-Operates 32 miles of track between Muncie and Portland, Ind.
70-1b. T rail.OFFICERS.-Pres., E. B. Ball; V.-P., W. C. Ball; Sec., G. A. Ball;
Treas., F. C. Ball, all of Muncie. Ind.; Gen. Mgr., E. B. Lincoln; Aud.,E. J. Skehan, both of Portland.-V. 82, p. 1438.
PORTLAND, ME.PORTLAND RA I LROA D.-Trolley.ORGANIZATION.-Chartered March 1863 under laws of Maine. Con-
trols Portland & Cape Elizabeth By., Cape Elizabeth St. By., Portland &Yarmouth Electric Railway and Westbrook Windham & Naples. Prac-tically all of the capital stock of those companies, together with the entireissue ($350,000) of first mortgage bonds of the Portland & Yarmouth ElecBy., has been pledged as security for the consolidated mortgage bonds othe Portland RR.STOCK dc BONDS.- Miles. Date. Interest. Outstanding. Maturity
Stk.auth.52,000,000(5100) A-0 51,999,900 Oct.1910, 2PortRR1stM$500,000g _1634 1893 434 g M-N 500,000 May 1 1913Portland & Cape Eliza 1st M1895 5 g M-Ni 400,000 Nov 1 1915$400,000 gold ($1,000) _ _ _ _ Int. at Amer. Tr. Co., Boston, Trustee.
Port RR 1st con 53,000,000 1901 33.6 g J-J 1,600,000 July 1 1951(51.000 & $500) gold_ _ _ _c* Int. at PortI'd Tr. Co., Port., Trustee.Bonds.-Of the authorized issue of $3,000,000 consols. $900,000 are
reserved to retire !prior liens and $500,000 are held for extensions.Bonds can be called at par on any interest date after July 1 1931. V. 73,p. 139. Portland Railroad Co. guarantees the interest on $400,000bonds of the Portland Se Cape Elizabeth Ry., but not principal.Dies.1'95.'913. '97.'98.'99. '00. '01. '02. '03. '04. '05. '06. '07. '08.'09.'10.P.04 6 6 6 6 6 5 6 3 3 3 3 334 4 4 4 4ROAD.-Operates about 100 miles of track, including a line from Port-
land to Yarmouth, a line from Portland to Cape Elizabeth, a line fromPortland to Gorham and South Windham, and extensions to Saco and toOld Orchard Branch.ANNUAL REPORT.-For the years ending June 30 as below:
1910. 1909.1910. 1909.Gross earnings___$869,925 $785,448 Dividends 579,956 579,944Net earnings 223,258 213,165 Surplus for year__ 12,671 13,670Interest & taxes 130,631 119,551OFFICERS.-Pres., Chas. F. Libby; Gen, Mgr., Chas. F. Berry. Office,
Portland, Me.-V. 73, p. 139.
PORTLAND & BRUNSWICK STREET RAILWAY CO.ORGANIZATION.-Incorporated In Maine on April 22 1901. Charter
perpetual.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, 5300,000 (5100)- __ $300,000 First mortgage, $225,000 gj 1902 5 g M-S 225,000 Mch, 1 1922($500 and $1,000) cl Interest at Augusta Trust Co., Augusta, Tr.ROAD.-Owns and operates 16.4 miles of track from Brunswick to Yar-
mouth,through Freeport; 60-1b.T rails. Connects with the tracks of thePortland RR. for entrance into Portland. 14 cars.EARNINGS.-For year ending June 30 1910: Gross, $47,647; net;
$8,798: interest, taxes. &c., 514,616; deficit, $5,818,OFFICERS.-Pres., E. J. Lawrence; Treas., Charles F. Johnson.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
9" ELECTRIC RAILWAYS [VOL. LXXXXI.
WATER POWER PLANT('Vresent Development
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MILEAGE ON SINGLE TRACK BASIS
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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT., 1910.1 ELECTRIC RAILWAYS 97
PORTLAND, ORE.PORTLAND RAILWAY. LIGHT & POWER CO.-(See map on page 96.)
ORGANIZATION.-Incorporated In Oregon in 1006 and has purchasedall the property of the Portland By. Co., the Oregon Water Power & By.Co. and Portland Gen. Elec. Co. V. 86, p. 1044. It now owns and con-trols practically the entire street railway and all electric light and powerplants In Portland, and the electric light and power plants of Oregon City,Salem, Silverton, Woodburn and several small towns in Oregon, and alsoVancouver, Wash. Also owns and controls all the street railways andelectric light, power and gas plants In Salem. Some of the franchises areperpetual, and remainder mature In 1932 and 1933.On March 15 1910 the Oregon Supreme Court handed down a decision
which in effect sustains the franchise covering portions of 40 streets passedby City Council April 28 1909 over the Mayor's veto. See V. 90, p. 850.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common, $10,000,000 _______ Q-M $10,000,000 Sept. '10, 1%Pref, $5,000.000 (see text) - Q-J 5,000,000 Oct. '10,1 I %Portland Ry Lt & P coil trust) 1906 5 g J-J 3,000,000 July 1 1931
mtge, $3,000,000 gold....c” Trust Co. of America, New York, Trustee.nnterest at office or agency in New York.
Portland Ry first and refund') 1905 5 g M-N 7,126.000 Nov. 1 1930.log mortgage, $10,000,000, }Interest at office of Redmond & Co., N. Y.;gold ($1,000) sink fund_ _c*) New York Trust Co., Trustee,
Portland By Light & Power) 1906 5 g M-S See text. Sept. 1 1935gen sink fd mtge, $15,000,- }Trust Co. of North America, Phila., Trustee000 ($1,000) gold co) Interest at company's office in New York.
Portland By Light & Power} 1909 5 M-N 2,624,000 May 1 1912Int at Guar. Tr. Co., N. Y. trus., or E Wnotes, Series C, $5,000,000
($1,000) gold Clark & Co., Phila. Can be called at 101I on 60 days: notice.
Willamette Bridge Ry first) 1889 6 M-S 100,000 Mch. 1 1914mortgage ($1,000 each) _ f Interest at American Trust Co., Boston, Tr.
City & Suburban consol M,not) 1891 6 g M-S 87,000 Sept. 1 1916subject to call ($1,000) goldf Int. at Sec. Say. & Tr. Co., Portland, Trus.
City & Sub new mtge, $3,000-1 1900 4 J-J 1,200,000 June 1 1930000 ($1,000) subject to call }Interest at Security Savings & Trust Co.,at par after June 1 15, g_c Portland, Trustee.
Portland City & Oregon first 1901 6 g F-A 500,000 Feb.15 1921mtge, $500,000($1,000)g.c'J Int. at Trust Co. of Amer., N. Y., Trustee.
Ore W P do By first mtge, *5,- 1902 6 g J-J 3,931,000 July 1 1932000,000 ($1,000) gold__ _c* Int. at Land Title & Tr. Co., Phila., Trustee.
Portland Gen El first mtge, 1905 5 g J-J 7,043,000 July 1 1935$10,000,000 g ($1,000)__c Int. at N. W. Harris & Co., N. Y.Stock -The preferred stock is 5% cumulative; can be redeemed at 105.After 6% is paid on common, preferred and common share alike.Bonds.-The coll. tr. mtge. bonds are subject to call on 8 weeks' notice at
105 and int. Sink, fund of $30,000 yrly. becomes operative July 1 1911.Of the $15,000,000 general mortgage bonds, $7,875,000 arc reserved for priorliens and balance for improvements and extensions at 85% of cost; thereare $3,500,000 bonds out; these are being used as collateral to secure the$2,624,000 note issue of 1909. Additional notes of Series C may be Issuedupon deposit of additional gen. mtge. bonds at 75. V. 84, p. 997; V. 88,p. 1002. These general mortgage bonds can be called at 107 X on 60 days'notice on any interest day. Sinking fund of $25,000 commences Sept. 11917 and is to be paid yearly until 1922; beginning Sept. 1 1923 $50,000yearly until maturity. These amounts are to be paid until outstandingbonds exceed $7,000,000, and then increased proportionately.Of the $10,000,000 Portland Ry. bonds, $1,477,000 are reserved for prior
liens, $248,000 in treasury and $1,149,000 are for extensions at 80% of cost.A sinking fund began In 1907; the amount is $25,000 per ann. from 1907 to1909 incl.; $40,000 per annum from 1910 to 1919 Inclusive, and $60,000per annum from lobo to maturity of bonds, widen amounts are to be In-creased proportionately as new bonds are Issued; said funds to be InvestedIn the bonds at not more than 105 and interest, at which price bonds canbe called for the purnose. Bonds are to be kent alive and bear interest.See V. 81, p. 1437. The bonds are listed on the New York and Philadelphiastook exchanges. V. 82, p. 806; V. 83. p. 1471.Of the Oregon Water Power do Ry. first mortgage for $5,000 ,000 , $3,931,-
000 are outstanding and no more can be issued excepting $500,000 to retireunderlying liens. Bonds are subject to call on or after July 1 1912 at 105and Interest. A sinking fund for these bonds Is to be 25% of net earnings,after deduction of Interest and taxes and betterment expenditures eachyear after July 11907. V. 81, p. 156. The Portland City & Oregon bondscan be called after Feb. 15 1911 at par and accrued interest. upon 60 days'notice. Sinking fund of $5,000 per annum on these bonds for the first fouryears and $10,000 thereafter became operative on Feb. 15 1907.The Portland General Electric Co. bonds are subject to call on and after
July 1 1915 at 1075i and interest. A sinking fund of 1% per annum ofbonds outstanding commences May 1 1915EARNINGS.-For 12 months ending Dec. 31 1909, gross, $4,818,022;
Dividends.-Dividends of 1 X% quarterly have been regularly paid onpref. since organization of company. On corn., quar. dlv of 1% sinceSept. 1 1909, to and including Sept. 1910.ROAD.-Operates a total of 241 miles of single track. Also owns water
power of 25,000 h. P. on Clackamas River and of 7,680 11. p. on WillametteRiver, together with transmission lines. Also a steam station of 12,000h. p. In Portland (1,000 h. p. at Salem), and the only park and amusementresort near Portland. Also real estate in Portland suitable for terminals.
Transfer Agents of Stock.-E. W. Clark & Co., Philadelphia, Pa., andFidelity Trust Co., Louisville, Ky.OFFICERS.-Pres., B. S. Josselyn, Portland; V.-Ps., F. T. Fuller, Port-
land; M. J. Hopkins. Columbus, 0.; E. W. Clark and II. L. Clark, Phila.,Soo. & Asst. Treas., G. L. Estabrook, Phila.; Treas. & Asst. Sec., C. N.Huggins, Portland; And., R. W. Shepherd.-V. 84, p.997, 1 114: V. 85, p.42; V. 86, p. 1014, 1530; V. 88, p. 1002, 1197; V.89, p. 287; V. 90, p. 850.
OREGON ELECTRIC RV.-An interurban road.
In 1910 road was acquired by the Hill interests. V. 90, p. 1297.ORGANIZATION.-Incorporated in Oregon on May 14 1906 Exclus-
ively an interurban road. Does no street railway business. Principally onprivate right of way. Has a contract for power (extending to 1933, withprivilege of renewal for 25 years) with Portland Railway, Light & Power Co.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common $5,000,000 ($100)- - $1,950,000 Pref $5,000,000 ($100) 6% cum ____ 6% 195,000 Deferred stock $380,000 ($100) - 380,000 First mortgage $10,000,0001 1908 5 g M-N 2,000,000 May 1 1933($1,000) gold c• &r_ f Int. at Columbia Trust Co., N. Y., Trustee.Bonds.-$8.000.000 remaining bonds reserved for permanent extensions
and improvements at 80% of cost. Bonds are subject to call as a wholeor In part at 107 and interest on any interest day.EARNINGS.-For calendar year 1909, gross, $406,039; net, $169,921.
In 1908, gross, $198,038; net, $67,392.ROAD -Operates between Portland and Salem, 49.07 miles; and be-
tween Garden Home and Forest Grove 20.50 miles Total length of line69.57 miles. Standard gauge. 70-lb. T rail.
OFFICERS.-Pres., John F. Stevens; V.-P., Geo. A. Kyle; Sec., W. F.Turner; Treas., E. P. Shannon; Gen. Mgr., C. A. Coolidge.-V. 89, p. 847;V. 90, p. 1297.
PACIFIC POWER & LIGHT CO.ORGANIZATION.-Incorp. In Maine on June 16 1910. Took over the
following companies and merged them into the Pacific Power & Light Co.:Astoria Electric Co. Walla Walla Valley Traction Co.Lewiston Gas Co. Yakima Gas Co.Northwestern Gas & Electric Co. Yakima Valley Power Co.Northwest Light & Water Co.
Operates the street railways In Walla Walla and Astoria and Interurbanline between Walla Walla and Milton Ore. Does gas and electric businessIn the Columbia, Yakima and Walla Walla valleys and also In the city ofAstoria, Ore. All the stock Is owned by the American Power 86 Light Co.,which in turn is controlled by the Electric Bond & Share Interests.
STOCK AND BONDS. Date. Interest. Outstanding. Maturity.Common $6,000,000 ($100)_ $6,000,000 Pref $1,500,000 ($100) 7% cum. 1,250,000 First & ref mtge $30,000,000) 1910 5 F-A 3,200,000 Aug 1 1930
gold ($1,000) c`l Int. at U. S. Mtg. dc Tr. Co., N. Y., trustee
STOCK AND BONDS- Date. Interest. Outstanding. Maturity .• Bonds of constituent cos.-
Astoria Elec 1st mtge $1504 1902 6 A-0 $150,000 April 1 1922000 ($500) sub to call at 1051SecurIty Says. & Tr. Co., Portland, trustee.
Walla Walla Valley Trac 1s1 1906 5 g J-D 363,000 June 1 1926M $500,000 ($1,000) g c&r Int. at Germantown Tr. Co., Phila., trustee.
Northwestern Gas & Elec. 1st 1903 6 M-S 543,000 Sept 15 1928& consM$650,000 g($1,000)1Real Estate Tr. Co., Phila., trustee.
Walla Walla Gas do Elec Col.1st mtge $100,000 1 6% 90,000 1920
• The statement of bonds outstanding of constituent companies Is notofficial, but the amounts given are those reported as outstanding at lastaccounts. It is understood that these underlying bonds are being taken up.from time to time.Bonds.-$1,330.000 of 1st & ref. bonds are reserved to retire underlying
bonds. Bonds have an Improvement fund beginning Aug. 1 1915. Sub-ject to call as a whole or in part for improvement fund, on any Int. day.Tile Walla Walla Val. Trac. bonds are guar. p. & I. by the NorthwesternGas & Electric Co. A sink. fd. of 2% of bonds outstanding begins April1911 for four years, 3% for next five years, then 4% to maturity. Aresubject to call at 105 and int. on 60 days' notice. Northwestern Gas &Elec. bonds are subject to call on any Int. day at 110 and int. s 1. 1905-09,1%; 1910-14, 2%; thereafter, 3%.ROAD.-Operates 10.8 miles of track In Walla Walla. 5 miles of track In
Astoria and 19.58 miles of track between Walla Walla and Milton. 21passenger and 17 freight cars, 56.60 and 100-113. T and girder rail. Stand-ard gauge.OFFICERS.-Pres., E. W. Hill; Sec., Geo. F. Nevins; Treas. & Asst.
Sec., E. P. Summerson, 71 B'way, N. Y. Offices, Portland, Ore.-V. 90p. 1617; V. 91, p. 467.
PORTSMOUTH, OHIO.PORTSMOUTH STREET RAILROAD & LIGHT CO.ORGANIZATION.-Commenced operations in 1894. Leases Ohio
Valley Traction Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $500,000 _ $250,000 First mortgage, $250,000,1 1906 5 g J-J 155,000 July 1 1916
gold, sinking fund )Interest at Bankers' Trust Co., N. Y., Trus.Bonds.-A sinking fund will retire $25,000 of bonds annually; $95,000
have been retired. Entire Issue Is subject to call on and after July 1 1911 at102.EARNINGS -For year ending Dec. 31 1908, gross, $164,064; net, $46,-
424; Interest, $16,156; surplus, $30,268.ROAD.-Operates 14 X miles of single track, including 2 X miles leased.
70-1b. T rail.OFFICERS.-Pres., L. D. York; Sec. and Treas., H. H. Higgins. V. 83,
p. 970, 1171; V. 91, p. 397, 464.
POTTSVILLE, PA.EASTERN PENNSYLVANIA RAILWAYS CO.-(See Map on page 88.)ORGANIZATION.-Incorporated in Pennsylvania in 1891 as the Tama-
qua dc Lansford Street By., and name changed in 1906. Controls thefollowing properties in Schuylkill County and vicinity and the lower an-thracite coal field.Pottsville Union Traction Co. The Port Carbon &Middleport El .Ry.Pottsville dc Reading Railway Co. Tamaqua & Pottsville Electric RR.Schuyl. Hav.&Orwigsburg St.Ry.Co. Eastern Penna. Lt., Ht. & Pow. Co.Schuylkill Electric Railway Co. The Tumbling Run Park Association.Coal Castle Electric Railway Co.Most of those companies are without bonded debt, but where bonds have
been issued they have been provided for or deposited under the consolidatedcompany's new mortgage, together with all, or practically all, their stocks.Franchises are practically perpetual. See V. 82, p. 1437. J. G. White &Co. Inc., New York, are general managers and engineers.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $5,000,000 ($100)_ $4,000,000 Pref., $1,000,000 ($100) 5 % c_ 974,900Mar. '07, 2First mortgage, $6,000,000, g 1006 5 g J-J 3,098,000 July 1,1936($500 and $1,000) c° Central Trust Co., New York, Trustee.
Pottsv. & Read, first mtge, g 1895 6 g F-A 99,000 Feb. 1 1925$100,000 ($1,000) c• Int. at Real Estate Trust Co., Phila., Trustee
Schuyl El By 1st M $500,000, 1895 6 g F-A 295,000 Feb. 1 1925($500 and $1,000) gold_ _0 Int. at Real Estate Trust Co., Phila., TrusteeBonds.-Sufficient new bonds are reserved to retire $394,000 prior liens;
the unissued portion is reserved for future extensions and improvements:$333,500 have been canceled. Registered bonds are re-convertible intocoupon bonds. Are subject to call at 110 and interest on 4 weeks' notice.Interest payable in New York. See description of bonds and property,V. 89, p. 103.Dividends.-Dividend-234%-on pref. March 1907; none since.REPORT.-For 12 months ending Dec. 31 1909, gross, $601,412; net
after taxes, $250,983; int. and rentals, $202,542; surplus, $48,441.ROAD.-Operates 69.17 miles of track, connecting Pottsville with York-
ville, Minersville, Palo Alto, Belmont, Cumbola, Mount Carbon, PortCarbon, Saint Clair, New Philadelphia, Middleport, Schuylkill Haven,Adamsdale, Orwlgsburg, Coal Castle, Glen Carbon, Tumbling Run, Brock-ton, Tuscarora, Tamaqua, Lansford, Summit Hill, NesquehonIng andMauch Chunk.OFFICERS.-Pres., P. G. Gossler; V.-P., J. H. Pardee; Sec., T .W. Mof-
fat; Treas., R. B. Marchant, all of New York; Asst. Sec. and Asst. Treas.,C. E. Calder, Pottsville, Pa.-V. 82, p. 1437; V. 89, p. 103.
SCHUYLKILL & DAUPHIN TRACTION CO.ORGANIZATION.---Incorporated April 30 1908. Leases for 999 years
the Lyken & Williams Valley St. By. Stock $25.000 ($20). all outstand-ing. Registered 6% gold bonds, $25,000 ($100), due 1938. $175,800 priorlien bonds of Lykens & 1Villlams Valley remain outstanding. Earnings for12 mos. ending Dec. 31 1909, gross, $29,959; net, $10,443. Owns 10 milesof track from Lykens to Reinerton; 9 cars; 50-60-1b. T and girder rail.Gauge, 5 ft. 234 in. Pres.,J. W. Moyer; Sec. and Treas., Edgar D. Rank;Gen. Mgr., W. E. Harrington.-V. 87, p. 1480.
POUGHKEEPSIE, N. Y.POUGHKEEPSIE CITY & WAPPINGER'S FALLS ELECTRIC RY.-
A trolley road.ORGAN1ZATION.-Chartered March 22 1894. On Feb. 11 1906 fire
destroyed the power plant and all except one of the cars. V. 82, p. 393.In 1907 the State RR. Commission authorized the issue of a second mort-gage for $250,000.STOCK AND BONDS- . tstanding. Maturity-
Stock, $750,000 (par $100)--- ----------------$750,000 First mtge, gold ($1,000) s 11 1894 5 g J-J 355,000 July 1 1924no option.
$500.000_-- _cliCent. Tr. Co.. N. Y.. Trustee. Int. in N. Y.C.
Second mortgage, $250,00 1907 6 g J-J 117,000 July 1 1937($1,000). gold c* Int. at Poughkeep. Tr. Co., Pough., Trustee.Bonds.-lst mtg. bonds are limited to $25.000 per mile of completed trol-
ley road, $10,000 of this being issuable when track is laid and remaining$15,000 when equipped with trolley. No bonds can be issued in excess of$500,000 "until the stockholders of this co. shall consent to such excess in themanner provided by the laws of the State of New York." Sinking fund.beginning Jan. 1 1897, equal to 1 % of the "bonds issued hereunder"; bondspurchased at not exceeding 110. 2d mtg. bonds are subject to call onany int. day at par.ROAD.-Owns 15.14 miles of road; second track, 1.14 miles; sidings,
.59 miles: total, 16.87 miles of track. 27 cars.EARNINGS.-For year ending June 30 1910, gross from operation,
$150,263; net, $43,687; charges and taxes, $32,662; adjustments, $1,089;surplus, $9,936.OFFICERS.-Pres., J. W. Hinkley; Sec., J. L. Hinkley; Treas., Silas
Hinkley, all of Poughkeepsie.-V. 82, p. 393; V. 84, p. 1552; V. 85. p. 795.
PROVIDENCE, R. I.PROVIDENCE & DANIELSON RAILWAY CO.-A trolley roadIn 1910 made an alliance with the Grand Trunk By.ORGANIZATION.-Incorporated in Rhode Island on July 7 1893.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $1,000,000 ($100) _ $1,000,000 First mortgage, $600.0001 1901 5 g M-N 600,000 May 1 1931
gold ($1,000) lint. at Industrial Tr, Co., Providence, True.Bonds.-No sinking fund, and are not subject to call.
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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Our., 1910.] ELECTRIC RAILWAYS 99
EARNINGS.-For year ending Dec. 31 1909, gross, $85,590; net Income,
$5,412; int. and taxes, $17,997; deficit, $12,585.
ROAD.-Operates from Providence, R. I., to Danielson, Conn., 36.66
miles; 60-lb. T rails; standard gauge; 17 passenger cars, 27 freight cars, 3
express cars and 2 work cars.OFFICERS.-Pres.. D. F. Sherman; V.-P., Jas. S.
Kenyon; Sec.,
Franklin A. Smith. Jr.; Treas., Geo. W. Prentice; all of Providence.
Supt., J. E. Thielsen, North Scituate. V. 90, p. 447.
PROVIDENCE & PALL RIVER STREET R Y.-A trolley road.
ORGANIZATION.-Incorporated in March 1901 under the laws of the
State of .Massachusetts.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock, $165,000 $165,000
First mortgage, $200,000 { 1901 5 g J-J 165.000 July 1 1921
($1,000) gold c• Int. at Industrial Tr. Co., Providence., Trus.,or Eliot National Bank, Boston, Mass.
"Current Liabilities" Sept. 30 1909 86,412
EARNINGS.-For year ending Sept. 30 1909: Gross, $59,400 net,
$10,941; charges, $13,621; deficit, $2,680.
ROAD.-Operates about 1214 miles of track, Providence, R. I to Fall
River. Mass., with an extension to Warren. R. I. 23 carsOFFICERS.-Pres., Jas. F. Shaw; V.-P., C. C. Peirce; Trees
A. W.
Clapp, 45 Milk St., Boston, Mass.-V. 73, p. 33, 616
000) gold c*1Subj. to call at 105 aft. July 1 '00 for s.f.onlyVirginia Electrical Railway delDevelopment Co. first } 1899 5 g J-j 1,470,000 Jan. 1 1929mortgage $1,500,000 1 Bank of Richmond. Inc., Trustee.
Westhampton Park By 1st M} 1901 5 g J-3 33,000 Jan. 1 1931$150,000 ($1,000) gold___c Bank of Richmond, Inc., Trustee.
Car trust obligations 36,000 See text
Stock.-$4.491,512 common stock and $4,636,672 preferred was Issued In
part exchange under plan; remaining common and preferred stock is In
hands of committee,which may, in its discretion, sell the common stock
at not less than $10 per share for reorganization purposes. The preferred
stock is entitled to non-cumulative dividends of 5% up to Jan. 1 1914 and
thereafter to non-cumulative dividends up to 6%.
Bonds.-$2.045,000 of the first and refunding bonds are reserved to retire
prior liens above noted; remaining $5,300,000 reserved for future improve-
ments, subject to certain restrictions. Sinking fund, h% semi-annually
of bonds outstanding from 1914 to 1919 and Yi % semi-annually thereafter.
Bonds are subject to call at 105 and int. $172,000 bonds Richmond Trac-
tion Co.. 4113,000 bonds Virginia Electrical Railway & Development Co.
and $146,000 bonds Westhampton Park Ry. are held in sinking and other
funds Latter company's bonds and sinking funds are guaranteed by Rich-
mond Traction and Virginia Electrical Ry. & Development Co. Car trusts
are being retired in installments, last installment falling due Sept. 1913.Dividends.-On pref. 1st div.-15.6%-paid July 1 1910.EARNINGS.-For 6 mos. ending June 30 in 1909, gross, $1,014.195:
net, $433,383; in 1908. gross. $956.396; net, $307,910.ROAD.-The consolidation embraces 119.94 miles of track. The com-
pany owns real estate in the three cities, including valuable park properties.Rails, 98, 95 and 90-lb. girder'and 60, 70 and 80-1b. T.OFFICERS.-Chairman of Board, Frank Jay Gould. New York; Pres..
Wm. Northrop, Richmond; V.-P., Fritz Sitterding, Richmond; V.-P. andGen. Counsel, Henry W. Anderson, Richmond; Sec. & Treas., Guy Phillips,New York: Asst. Sec. and Treas., Geo, B. Williams, Richmond; Aud.,R. II, Kelm. General office, Richmond, Va. New York office, 165 Bway.-V.88, p. 1199, 1314; V. 89, p.44, 105, 226, 287, 529; V. 90, p.1492, 1678.
ROCHESTER, N. Y.NEW YORK STATE RAILWAYS.-See Map on page 100.--Of the com-
mon stock, $13,604,383 is owned by the N. Y. Cent. & Hud. River RR.
ORGANIZATION.-Incorporated In New York on March 22 1909 as aconsolidation of the Rochester By. Co., the Rochester & Sodus Bay By. Co.and the Roch. & Eastern Rapid By. Co., as per plan V. 88, p. 53, 823, 945.The Rochester Railway was a consolidation of the Rochester City &
Brighton RR.. the Cross-Town RR. and the South Park RR..
and leasedthe Rochester Electric Ry. from July 1 1894 for 50 years, at a rental of8% on $200,000 stock, and whenever gross receipts exceed 155,000, one-quarter of such excess; also leased the Rochester & Suburban By. (Summer-ville Division); also owned 205 shares out of the total 400 shares (par $50)of the Rochester & Charlotte Turnpike Co.On Mch. 10 1910 Pub. Ser. Comm. authorized an increase in stock from
523,140,200 to $23,860,200 to be used to take over the Rochester & Subur-ban By. (stock $420,000), the Rochester Electric Ry. (stock $200,000) andthe Ontario Light & Traction Co. (stock $100,000), which controls theCanadaigua Gas Lt. Co.
' and also granted authority to execute mortgage
for $35,000,000 and to issue $4,508,634 ($4,500,000 out) bonds at present.See V. 90, p. 914, 1425. For purposes of issues, see V. 88, p. 1500; V. 90.p. 914.The following Is a list of the stocks owned by the New York State Railways:
Schenectady Railway Co $2,050,000 or 50% of whole amtUtica & Mohawk Valley Railway Co 7,500,000 " 100%
.1,922.700 " 9613% "Oneida Railway Co 44
Syracuse Rapid Transit Railway Co 2,317,500 " 57.94% " 44
"Rochester Driving Park Association_.. 1.000 " 2.00%" 46
Glen Haven Improvement Co 14,500 " 100.00%Rochester & Suburban Railway Co 400,800 " 95.42,4'
°' "Ontario Light & Traction Co 100,000 " 100.00_ "Rochester Electric Railway Co 173,900 " 86.95%90
The Rochester & Eastern Rapid By. Co., previous to consolidation, in-creased its stock from $1,500,000 to $15,290,200 and purchased from N. Y.C. & H. R. RR. Co.and Cent. Ry. Syndicate the stocks of the first four com-panies above, ownership of which is now vested in the N. Y. State Railways.Franchises in Rochester are practically perpetual and exclusive, with
exception of a few extensions which run for 50 years.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common $19,997,700 Q-J $19,952,400 Oct '10,Pref 13,862.500 ($100) 5% cum Q J 3,862,500 Oct '10 1 h
1st consol mtge. Series Ad 1910 5 M-N 4,500,000 May 1 1960$35,000,000 gold ($1,000) _lint. at Security Trust Co., Rochester, trustee
Rochester Ry Consolidated} 1890 5 g A-0 2,700,000 April 1 1930
Mortgage $3,000,000 ($1.-Interest at Treasurer's office, New York.
000) gold .0 Mercantile Trust Co., New York. Trustee.
Roch By 2d M. $1,500,000 1893 5 g J-D 1,499,000 Dec. 1 1933gold ($1,000) c• Int. at Security Tr. Co., Rochester, Trustee.
Rochester City & B 1st mtge 1889 6 A-01500.000 ($500)
175,000 April 1 1919Interest at Rochester Trust & Safe Dep. Co.
43,000 Real estate mortgages -----------------------------43,000
Stock.-Preferred stock can be increased only with consent of two-thirds of outstanding first pref. stock, and holders are to have right to taketheir proportionate shares of such increase. Stock is subject to call at 110upon any dividend day on 30 days' notice. V. 88, p. 945.Bonds.-No part of first consolidated mortgage issue exceeding 55.-
000,000 (except for refunding existing mortgage bonds) shall be issuedunless income after deducting all charges, including interest on bonds tobe issued, shall have equaled annually at least 1 M times the amount of div.charge on pref. stock in each of the two years immediately preceding theissue of such additional bonds. $4,375,000 are reserved for prior liens.$300,000 Hoch. By. consol. mtge. bonds are reserved to retire the Roch.City & B. RR. bonds. The Roch. By. 2d mtge. bonds cannot be called.
Dividends.-1 % on pref. paid July 1909 and quer. since to and includ-ing Oct. 1910. On com., initial div.-1 ;,5%-pald July 1910; Oct., 1 %
EARNINGS.-Combined earnings of Rochester By. (including Rochester& Sodus Bay By. and other roads then controlled) and Rochester & EasternRapid Ry. (excluding controlled Utica & Mohawk Valley By., Oneida Ry.,Syracuse Rap. Tran. and Schenectady Ry.) for year ending Dec. 31 1909were: Gross, $3,102, 923: net, $1,148,407; other income, $700,505; charges,and taxes, $619,909; pref. divs., $358,594; surplus, $870,409. In 1908,gross, $2,914,029; net, 51,014,150; other Income, $77,022; charges (Incl.divs.), $869,148; surplus, 5222,024.
ROAD.-Operates 149.09 miles of railway, of which 137.50 miles ownedand 11.59 miles leased. Of the 149.09 miles operated, 59.56 miles are inRochester and 89.53 miles In streets and on private right of way in vicinityof Rochester. Miles of railway owned, leased and operated by subsid. cos..Company- Owned. Leased. Operated.
a Rochester Electric Railway 4.80b Rochester & Suburban Railway 10.43 _ 5.87a Ontario Light & Traction Co 2.23Utica & Mohawk Valley Railway 66.65 12.05
475891...85732
5
°Oneida Railway Co 6.72 42.80Syracuse Rapid Transit Railway 45.39 6.44c Schenectady Railway Co 9.58 69.36d East Side Traction Co 69.5.474
Total 202.44 70.87 255.28
a Leased to N. Y. State Flys. b Leases 4.56 miles to N. Y. Statec N. Y. State Rys. owns a half interest. a Leased to Syracuse Rap. Tr. Ry.
OFFICERS.-Pres., Horace E. Andrews, New York; V.-Ps., John Cars-tensen, E. V. W. Rossiter, William K. Vanderbilt Jr., Walter N. Kernan,E. J. Cook, C. Loomis Allen; Treas., Edward L. Rossiter, N. Y.; Sec. & Aud.J. C. Collins, Rochester; Asst. Treas., C. A. Tucker, Rochester; Gen. Aud.,R. A. White; Asst. Sec. and Asst. Gen. Aud., A. L. Linn Jr., New York.-V. 88, p. 53, 686, 823, 945, 1500; V. 90, p. 698, 914, 1296, 1425.
(1) Utica & Mohawk Valley Ry.-Trolley.In Dec. 1905 control of this road was obtained by the Mohawk Valley Co.
Latter company, however, In,1908 disposed of its holdings as per plan In
V. 87, p. 286. Entire stock is now held by New York State Rya. It isproposed to merge Oneida Ry. Into same.
ORGANIZATION.-Chartered on Nov. 27 1901 as a consolidation of theUtica Belt Line St. RR., the Utica & Suburban Ry.. the Frankfort & UticaSt. By.. the Little Falls & Herkimer Street By.. the Utica & Mohawk RR..the Deerfield & Utica RR. and the Herkimer Mohawk Ilion & FrankfortElec, By. V. 73, p. 1209. Leases a portion of the Utica Clinton & Bing-hamton RR. at a rental of $15,000, the lease being dated 1886 and running
09 years. Franchises perpetual. In March 1905 made new contract for
power. V. 80, p. 1236. On June 29 1907 the Rome City Street Ry. wasmerged into this company, stockholders of former company receiving fortheir stock Utica & Mohawk Valley stock at par.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock. com ($100), $5,000.000 55,000,000 Dec '08, 8 %Stock, prof, 5% non-cum.) ---- 5 Q-J 2,500,000 Apr. '10. 1j
$2,500,000 ($100) Utica & Mohawk Vail 1st MI 1901 4 14g M S 2,268,000 Sept 1 1941.$4,000,000 gold ($1,000) Interest at N. W. Harris & Co.. N. Y.; Newe• cannot be called York Trust Co., New York, trustee.
Utica Belt 1st mtg $500,000 1889 5 M N 500,000 Nov 1 1939gold (51.000) Interest at N. Y. Trust Co.. N. Y., trustee.
Utica Belt 2d mtg 5200,000 1891 5 J J 39,000 Jan 1 1931gold ($500) c Interest at N. Y. Trust Co., N. Y.. trustee.
Herk Mo Ilion & Frankfort 1895 5 g 3-3 150,000 Jan 1 1926mtge gold ($1,000) c• Int. at Farmers' Loan & Tr Co.. N. V.. Trust.
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OCT., 1910.] ELECTRIC RAILWAYS 101 -
Bonds.-Of the new $4,000,000 mortgage, 5689,000 are reserved for under
lying liens, and the remainder ($1,043,000) for future additions at the rat(
of 75% of cost, but only when net earnings for preceding year amount to
double the interest charge on all bonds, including those to be Issued. V. 73,
p. 1265. The $161,000 unissued 2d mort. bonds of Utica Belt Line have
been canceled.• Dividends.-On pref. stock in 1906, 5%; in 1907, 4%; In 1908, 5%; In
1909, 5%; in 1910, Jan., 14%; April, 13,1%. On corn., 4% Dec. 1907;
in 1908, Dec., 8%.ROAD.-The consolidated road owns and operates about 127 miles of
track (including Rome City St. fly., 8.86 mlles). Runs from Utica to
Rome; from Utica to Little Falls; from Utica to Clinton, and to New York
Mills. Double track, 80-lb. 1' and 05-lb. girder rail. Has 141 motor and
23 other cars. Connects at Mohawk with the tracks of the Oneonta &
Mohawk Valley RR. Co.EARNINGS.-For year ending Dec. 31 1909, gross, $1,193,806; net,
$467,479; other income. $2,799; charges, $296,522; pref. div., $125,000;
surplus, $48,756. 1908, gross, $1,089,343; net, $438,559: other income,
OFFICERS.-Pres., Horace E. Andrews, Cleve.; V.-Ps., E. V. W. Ros-
siter, John Carstensen and W. K. Vanderbilt Jr., N. Y.; V.-P. and Gen.
Mgr., C. Loomis Allen; Treas., Charles B. Rogers, Utica; Asst. Treas., B. L.
Ross'ter, N. Y.; Sec., Waiter N. ICernan, Utica; Gen. Aud., R. A. White;
Asst. Sec. and Asst. Gen. Aud., A. L. Linn Jr., N. Y.; Awl., J. M. Joel,
Utica.-V. 82, p. 161; V. 88, p. 54.(2) Oneida Railway Co.Has $2,000,000 capital stock, of which 06.13% is owned by the N. Y.
State Rys. No bonds. Has trackage agreement over the West Shore RR.
between Utica and Syracuse and operates 114 miles of track. It is planned
to consolidate this road with the Utica & Mohawk Valley RI%
(3) Syracuse Rapid Transit Ry.Formerly controlled by Mohawk Valley Co., but latter company dispo
sed
of its holdings to New York Central as per plan described In V. 87, p. 546.
Now controlled by Now York State Rys.. which owns 57.94% of stock.
See V. 88, p. 54.ORG ANIZANON.--Incorporated May 21 1896 per plan in V. 62, p. 6
44.
On June 1 1899 leased East Side Traction for 99 years at a rental of $12,500
per annum; also owns all of the ($300,000) capital stock of the com-
pany. Franchises perpetual. In Jan. 1902 the first mortgage bonds
were listed on the Philadelphia Stock Exchange. In May 1905 leased the
franchises and rights of way of the Syracuse & Oneida Lake Ry. fo, 999
years at $1 per year.STOCK AND BONDS- Date. Interest. Outstanding. Afaturitil
Common $2,750 000 (5100)_ $2,750,000 Feb '09,3%Preferred 6% non-cum ($100)- - - - - Q-J 1,250,000 Oct '10, 1 h
First mtg ($3,250,000) gold) 1896 5 g 1%1 S 2,500,000 Mch 1 1946(51.000) c*j Guaranty Trust Co., New York, trustee.
People's RR first mortgage. f 1891 5 .1 J 750,000 Jan 1 1921
gold lInterest at Merchants' Nat. Bank, Syracuse.Second mtg 5750,000 ($1,000) 1900 5 g J J 654,000 Jan 1 1930
gold c* Int. at Citizen.; Say. & Tr. Co., Cleve., trustee.East Side Traction first mtg 1899 5 J D 250,000 June 1 1929$250,000 ($1,000) gold_ _ _ -J Int. at Citizens Say. & Tr. Co. Cleve., trustee.
Loans Payable June 30 1910 1,585,000 Bonds.-The Rapid Transit mtg of 1896 is for 53,250,000, of which
$750,000 of bonds is reserved to retire the People's RR. firsts. Of the sec-ond mtg bonds $96,000 are in the company's treasury; these bonds aresubject to call on any interest date.
Dividends.-First dividend, 1% on pref. stock, was paid April 1 1903:also 1% July 1 and Oct. 1; in 1904, 4%; In 1905, 434 %: In 1906, 5-i%;1907 to 1910 Incl., 6% annually. On common, first div.-3% -paid Feb.-11908: In 1909, Feb., 3%.REPORT.-For years ending Dec. 31:
ROAD.-Owns and operates 81.46 miles of track; leases 6.97 miles; total.88.43 miles. Rails. 90-lb. girder in city and 85-1b. T in suburbs. Has179 cars, 11 snow-plows, 3 sweepers, 10 construction, 1 express car and 3
service cars.OFFICERS.-Pres., Horace E. Andrews, Cleveland; V.-Ps., E. V. W.
Rossiter, John Carstcnsen, Wm. K. Vanderbilt Jr., New York: V.-P. andGen. Mgr., C. Loomis Allen, Syracuse; Sec. and Treas., T. H. Conderman,Philadelphia; Asst. Sec. ec Asst. Gen. Aud., A. L. Linn Jr., N. Y.; Gen. Aud.R. A. White, N. Y.; Asst. Treas., E. L. Rossiter, N. Y.; Aud., J. M. Joel,Utica.-V. 87, p. 546; V. 88, p. 54, 507.(4) Schenectady Railway.-A trolley road.Entire stock was purchased In Feb. 1905 jointly by the N. Y. Central
& H. R. RR. and the Del. & 'Ind. Co. one-half by each. V. 80, p. 652.The former company transferred Its Interest to the Mohawk Valley Co.,which latter, however, In 1908 transferred the stock back again to NewYork Central as per plan In V. 87, p. 286, 545, and stock is now held byNew York State Rys. as per plan V. 88. p. 54.ORGANIZATION.-Incorporated in New York. A reorganization on
Feb. 11 1895 of the Schenectady Street Ry. Co., which was chartered in1886. Controls the entire street railway business In Schenectady and sub-urbs. Ilas trackage rights over the United Traction Co.'s tracks Into Al-bany and Troy. Franchises perpetual. Formerly owned all the stock ofthe Schenectady Illuminating Co., which was deposited as additional secur-ity for the bonds of 19,)1* also entire stock of the Mohawk Gas Co.. de-posited under consolidated mortgage. On Aug. 1 1904, however, the com-pany assigned and sold its assets relating to Schenectady Illuminating Coand Mohawk Gas Co., and the Schenectady Illuminating Co. assumed re-sponsibility for the liabilities relating to it and the Mohawk Gas Co. Amongother liabilities assumed by the Schenectady Illuminating Co. are the 1,000consolidated mortgage bonds of this company, numbers 2,001 to 3,000 in.
of $1,000 each, aggregating $1,000,000, and which are the onlybonds outstanding under the consolladted mortgage of the Schenectady Ry.Stock authorized has been increased from $600,000 to $7,000,000 for
various purposes, as specified in V. 77, p. 1295; V. 83, p. 214.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity
Stock $7,000,000 ($100) _ $4,100,000 In 1909.4%1st mortgage $2,000,000 gold( 1901 4 g M-S 2,000,000 Sept 1 1941($1,000) Of Int. at Mercantile Trust Co., N. Y., Trustee.
1May be red. on & aft. Sept. 11011 at110&int•Cons mortgage 57,500,000 1903 4 g 1,000,000 May 1 1953
gold ($1,000) c• U. S. Mortgage & Trust Co., N.Y., Trustee.Int. and prin. at N. W. Harris & Co., N. Y.
Bonds.-Under the arrangement with the Schenectady Ilium. Co. notedabove, no more bonds can be ssued under the $7,500,000 consol. mtge. be-yond the $1,000,000 now outstanding. A sinking fund of 1 % of bonds out-standing (including the first mtge. bonds) commences in 20 years, to be usedto retire either issue of bonds. See V. 76 p. 266 1086.EARNINGS.-For year ending Dec. 31 1909, gross, 51,028,574; net.
$400,736; charges, $153,406; divs. $164,000; surplus, $83,330.BOA D.-Operates 120.84 miles Of track, including extensions to Albany
Troy. Ballston, &c. Has trackage rights on 16.10 miles. 70, 75, 78 and80-lb. '1'. and girder rail. The Delaware & Hudson completed July 4 1907an additional track on its own right of way from Ballston to Scratoga, tobe operated by electricity in connection with the Schenectady Ry. Hasagreement with Fonda Johnstown & Gloversville Ry. Co. (electric division)whereby latter company operates its cars into Schenectady. Does apackage express business through controlled Electric Express Co. Operates168 motor and 33 other cars.OFFICERS.-Pres., Horace E. Andrews; V.-P., Clifford S. Sims; Gen.
Mgr., H. F. Peck: Sec., Treas. and Purch. Agt., J. H. Atkins; Gen. Aud.,A. L. Linn Jr., New York; Aud., F. E. Belleville.-V. 80, p. 652; V. 82,p. 569, 1380; V. 83, p. 214; V. 88, p. 54.(5) Rochester & Suburban Ry.-A trolley road.Formerly controlled by Mohawk Val. Co. but latter company disposed
of its holdings to N. Y. Central as per plan in V. 87, p. 286, 545, and V. 88.p. 53. In Mch. 1910 the N. Y. State Rys. acquired 95.42% of the stock.ORGANIZATION.-incorporated on Jan. 30 1900 as a successor of the
Rochester & Irondequoit RR. On Aug. 25 1900 acquired the entire capitalstock of the Rochester & Lake Ontario Ry. Co. and consolidated with It.The branch running from Rochester to Summerville is leased to the NewYork State Rys. Co.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock, corn, $70,000 ($100) __ $70,000 Pref, 5% cum, $350,000 ($100) ___ 350,000 tat mortgage, $450,000, gold' 1900 5 g .1-I (See text) July 1 1930($1,000) c• I Int. at Roch. Tr. & S. Dep. Co., Trustee.Bonds.-Bonds are issued and are held by the trustee as security for
loans, which on Sept. 15 1910 were $450,000.
EARNINGS.-For fiscal year ending Dec. 31 1909, gross, $69,099; net.$23,056: other income, $12,100: charges. $45,532; deficit. $10,376.ROAD.-Comprises 11.33 m. of track from Rochester to Sea Breeze and •
from Rochester to Summerville. but Summerville branch (4.56 miles oftrack) leased to the New York State Rys. Co.OFFICERS.-Pres., Horace E. Andrews, New York; V.-P., W. K. Van-
derbilt Jr.; Gen, Aud.' R. A. White; Sec. and Aud., J. C. Collins; Treas.,
E. L. Rossiter; Asst. Treas., C. A. Tucker, Rochester; Gen. Mgr., E. J.Cook; Asst. Sec. and Asst. Gen. Aud., A. L. Linn Jr.-V. 70, p. 231:V. 71, p. 699; V. 80, p. 1729.
ROCHESTER & MANITOU RR.ORGANIZATION.-Incorporated on Aug. 12 1908. Acquired property of
the Rochester Charlotte & Manitou, sold at foreclosure July 21 1908.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $60,000 (5100) $60,000First mortgage $60,000 gold' 1909 5 g 50,000 May 1 1929($500 and $1,000) csj Int. at Security Trust Co., Rochester. trusteeBONDS.-No sinking fund. Bonds are subject to call at 105 and interest
on or after May 1 1914 on 8 weeks' notice.ROAD.-Runs from Charlotte (on Lake Ontario) to Manitou Beach, 7 ;si
miles.OFFICERS.-Pres., David Hyman: Sec. and Treas., Kendall B. Castle:
Supt., Geo. H. Wegman.-V. 87, p. 545; V. 88, p. 1314.
• ROCKLAND, ME.ROCKLAND THOMASTON & CAMDEN STREET RAILWAY.-An
electric road.[For statement of this company see Elec. Ry. Section for June 25 1910.
and power to city and private individuals. Franchise expires 1985. OnJan. 21 1909 RR. Commission authorized the issuance of $750.000 bonds.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $500,000 ($100) ____ _ $500,000 See earnings1st mtge. $500,000, gold l 1907 5 g J-J 500,000 Jan 1 1937($1,000) c f Int. at Col. Trust Co., Louisville, Trustee.
Refunding & ext mtge $7504 1909 5 g J-J 117.000 Jan 1 19370o0 gold ejInt. at Columbia Tr. Co.. Louisville, trustee.Bonds.-The first mtge. bonds have no sinking fund, but can be called
at 105 and Interest upon 6 months' notice. $500,000 ref. and ext. mtge.bonds are reserved for prior liens; remainder are for extensions.EARNINGS.-For cal. year 1909, gross, $118,719; net, $55,172: charges,
$27,847: div., $9,676; surplus, $17,649; in 1908, gross, $100,420; net, $40109: charges, $25,754; div., none; surplus, $14,355.ROAD.-Operates 10.1 miles of track in Rome, including extensions to
Lindale and Scales Works. Standard gauge; 60-1b. T rails.OFFICERS.-Pres., S. A. Culbertson, V.-P. and Gen. Mgr., S. S. Bush;
Sec and Treas.. Geo, W. Lewis, all of Louisville, Ky.; Supt., H. J. Arnold.Rome.-V. 83, p. 1591; V. 88, p 101 565.
ROSLYN, LOAG ISLAND, N. Y.NEW YORK & NORTH SHORE TRACTION CO.-ORGANIZATION.-Incorporated in New York on Aug. 6 1902 as the
Mineola Roslyn & Port Washington Traction Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $1,250,000 ($50) $150,000 First mortgage, $1,000,000J 1907 5 g M-S 350,000 Sept 1 1947
gold ($1,000) cslCitizens' Say. & Tr. Co., Cleve., Trustee.Bonds.-Remaining bonds are reserved for extensions and equipment.
Subject to call at 102 and int. on any Int. date. Int. payable at office oftrustee or Its agency in New York.ROAD.-Operates from Flushing to Whltestone and from Flushing
through Bayside. Douglaston, Little Neck, Manhasset, Roslyn, Mineolaand Westbury to Hicksville, with branch to Port Washington. Total track,excluding sidings and turnouts, about 35 miles.OFFICERS.-Pres., Gco. A. Stanley; V.-P. & Sec., Jas. A. MacElhinney,
120 Broadway, N. Y.; Treas., Geo. F. Scofield; Asst. Treas. & Gen. Mgr.,Geo. B. Thomas.
RUTLAND, VT.RUTLAND RAILWAY. LIGHT & POWER CO.Interests identified with this company have acquired the Fair Haven
Elec. Co. and the Carvers Falls Pow. Co., both free from bonded debt.ORGANIZATION.-Is a consolidation in Feb. 1906 of the Rutland
Street Fly., the People's Gas Light Co., the Vermont Internal ImprovementCo. and the Chittenden Power Co. In Sept. 1906 acquired the entire$180,000 stock and $120.000 bonds of the Rutland City Electric Co. V. 83.p. 626. In March 1908 consolidated with the latter company, thus com-pleting consolidation of all the Rutland public utilities. V. 86, p. 1044.Franchises have been granted by special Acts of Vermont Legislature andare stated to be perpetual.STOCK AND BONDS- Date. Interest, Outstanding. Maturity.
gold ($1,000) c*fInt. at Lincoln Trust Co.. N.Y.. Trustee.Bonds.-The remaining bonds may be issued for additions, improvements
and extensions under rigid restrictions. Bonds are redeemable at 110 and
Int., as a whole or in amounts of not less than $50,000, on any int. day after
March 1 1916. Sinking fund begins March 1 1916, providing for annual
payments. Increasing from to 2% of bonds out.EARNINGS.-For year ending July 311910, gross, $274,962; net, $141,-
348; interest and taxes, 583,972; surplus, $57,376. In 1909, gross, $251,-
041; net, $119.665; interest and taxes, $81,000; surplus, $38,665.ROAD.-Own: and operates 25 miles of track in Rutland, extending to
West Rutland and to Fair Haven, on the New York State line, with exten-sion to Bomoseen. An extension now under construction to Poultney, Vt.Standard gauge, 60-1b. T rail.OFFICERS.-Pres., G. Tracy Rogers, Binghamton; V.-P., Leo H. Wise,
New York; Sec. and Treas.. C. H. West: Gen. Mgr.. Geo. S. Haley.-V. 83.p. 626, 1472; V. 86, p. 1044; V. 88, p. 101: V. 91. p. 464.
SAGINAW, MICH.SAGINAW & FLINT ELECTRIC RY.ORGANIZATION.-Incorporated in Michigan on Aug. 20 1908. Is
successor to the Detroit Flint & Saginaw Ry. sold at foreclosure. V. 87.p. 678; V. 90. p. 168. Franchises between Saginaw and Flint are perpetual.Ha terminal agreement with Saginaw Valley Traction in Saginaw.STOCK AND. BONDS.- Date. Interest. Outstanding. Maturity.
Stock (?)First mtge $1,500,000 ($5001 1908 5 g F-A $800,000 Aug 1 1938
dc $1,000) gold c• 'Int. at Detroit Trust Co., Detroit, trustee.Bonds.-UnIssued bonds are reserved under rigid restrictions for exten-
sions and improvements. Sinking fund, beginning Aug. 1 1915, is estimatedto retire $1,300,000 by maturity. Fund may be invested by purchase ofbonds at not exceeding 103 and int. V. 90, p. 168.Earnings.-For 8 mos. end. Oct. 31 '09, gross, $115,153; net $63,209.ROAD.-Operated 29.63 miles between Saginaw and Flint and a 5.35
mile extension to Frankenmuth. Total mileage owned, 34.98 miles. Anextension from Frankenmuth to Vassar is under construction.OFFICERS.-Pres., Alex. J. Groesbeck; Sec., Mark Mitshkun.-V. 87;
p. 678; V. 90, p. 168.
ST. ALBANS, VT.ST. ALBANS STREET R Y.-A trolley road.Interest on bonds was defaulted In July 1905. W. H. Vorce and F. B.
Smith are receivers.ORGANIZATION.-Incorporated In Vermont. Controls entire business
In St. Albans and Swanton. Charter permits the carrying of baggage,express and mall; also the right to operate street railways in Franklin andChittenden counties, Vermont.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock, $200,000 $200,000 1st mtge. $200,000, gold) 1902 5 g J-J 15 193,000 Jan 15 1922($1.000) c•J Int. at Mercantile Trust Co., Boston. True.Bonds.-Can be called on any interest date at 107 and accrued Interest.EARNINGS-For cal. year 1909, gross, $30,701; in 1908, gross, $31,577.ROAD.-Operates 13 miles of track from Village of St. Albans Bay on
Lake Champlain, to City of St Albans. and to Swanton; 80-lb. T rail.-Gen. Mgr. is W. H. Vorce.-V. 81, p. 841.
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102 ELECTRIC RAILWAYS [V4:L. LxxxxT.
ST. JOSEPH, MO.ST. JOSEPH RAILWAY LIGHT HEAT & POWER CO.ORGANIZATION.-Incorporated in Missouri on Nov. 17 1895 and
acquired the following properties: The St. Joseph Traction & Lighting Co..People's By. Light & Power Co.. Citizens' By. Co., Union By. Co., St.Joseph & Lake By. Co. and Wyatt Park By. Co. Comprises entire streetrailways of St. Joseph. Company also does the entire commercial electric-lighting and power business, and sells steam for heating purposes. Mostof the franchises are perpetual, the others maturing in periods from 34 to45 years. Owns a park of 250 acres on Lake Contrary. V. 75, 13. 1032.Is managed by E. W. Clark & Co. of Philadelphia. Bonds are listed on theN. Y., Phila.. Louisv. and Columbus Stock Exchanges.STOCK AND BONDS.- Date. Interest. Outstanding Maturity.
$2,500,000 ($100) 1st mtge 55,000.000 goldj 1902 5 g M-N 4,448,000 Nov 1 1937
(31.000) c* Interest at Redmond & Co.. New York.Bonds.-Trustees are Trust Co. of America, N. Y.. and Missouri Valley
Trust Co., St. Joseph. $552,000 are reserved for additions and better-ments at 85% of cost. Bonds cannot be called. V. 75, p. 1032.Dividends .-5% per annum has been regularly paid on pref. stock from
Oct. 1902 up to and including Oct. 1910. First div. on corn. stock paidDec. 1908, 1%; in 1909, 2%; in 1910, Mch., ),6%; June, 34%; Sept., 3%.ROAD.-Owns and operates 44 miles of track. 196 cars.REPORT.-For year ending Dec. 31 1909, gross, $979,554; net, $473,984;
Transfer Agents of Stock.-E. W. Clark & Co.. Philadelphia. Pa.OFFICERS.-Pres., John Donovan, St. Joseph, Mo.; V.-P., E. W. Clark
Phila.; Sec and Treas.. G. L. Estabrook, Phila.; V.-P and Gen. Mgr..J. H. Van Brunt, St. Joseph; Asst. Sec. and Asst. Treas., Chas. E. Foster,St. Joseph.-V. 84, p. 1248; V. 87, p. 1358. 1421, 1476.
- -
ST. LOUIS, MO.UNITED RAILWAYS CO. OF ST. LOUIS.Is controlled by North American Co. of New York.ORGANIZATION.-Incorporated In Missouri on March 11 1898 as the
Central Traction Co., but changed its name to above on July 10 1899. InJuly 1905 interests friendly to this company purchased the St. Louis St.Charles & Western RR. at foreclosure sale. In Oct. 1906 absorbed theSt. Louis & Suburban By.. giving its preferred stock. share for share, forthe stock of that company. The United Rys. guarantees the $4,500,000gen. mtge. bonds of the St. L. & Sub. By. See V. 83, p. 39; V. 84, p. 105.The United Rys. Co. comprises all the street car lines in operation in St.
Louis. Franchise in St. Louis expires April 12 1948. It was originallyleased to the St. Louis Transit Co., but under a readjustment arranged inOct. 1904 by Messrs. Brown Bros. & Co. (V. 79, p. 1333) the lease was can-celed and the $17,264,300 stock of that company nearly all exchanged forvoting trustees' certificates for common stock of the United Rys. Co. on thebasis of $500 Transit stock for $200 voting trustees' certificates.Under this plan, the $20,000,000 refund. and impt. mtge. bonds of the
St. Louis Transit Co.. of which $8,000,000 had been issued, were canceled,and in their place the same company issued $10,000,000 of 5% improvementbonds, guar. by the United Rys. Co. of St. Louis, this guaranty being se-cured by a mortgage on all of that company's property next in rank to thatof Its general mtge. These improvement bonds are now the only outstand-ing security of the Transit Co. Of this issue, $8,000,000 took the place ofthe $8.000,000 ref. and impr. bonds above mentioned, and the remaining$2,000,000 went to the syndicate as part consideration for $7,000,000 ofcash which it provided for taking up at maturity on Nov. 1 1904 the $5,776,-000 3-year collateral trust notes of the Transit Co., and for meeting the costof street paving required on the part of the city, and other improvements.Tax Decision.-On Feb. 14 1910 the State Circuit Court at St.Louls over-
ruled the demurrers of the company in 5 suits brought by the city to collectthe 1-mill-per-passenger tax, holding that the tax is not oppressive or adouble one because of franchise tax already imposed. V. 88, p. 744; V.90, p. 504. Case not yet tried on its merits.
Voting Trust.-All the common stock of the United Railways Co. wasdeposited in 1904 under a voting trust agreement, but trust expired Oct. 311909. V. 89, p. 1224, 1349. The pref. stock was listed on the N. Y. StockExchange on June 1 1905. The capitalization now consists of the following:STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
$20,000,000 ($100)- - - ---I ---- 5 Q-J 16,983,200 See textGen 1st Mtge $42,000,000 1899 4 g J-J 30,769,000 July 1 1934(51,000) gold c* Int. at St. Louis-Union Trust Co., Trustee,Cannot be called. 1, or at North Amer. Co.
' New York.
1904 5 g A-0 10,000.000 Oct 1 1924
1 Int. at Mercantile Tr. Co.,
'
St. Louis, Trustee,Improvement
St. Louis Transit Guar., prin. & mt., bonds, gold or at North American Co. New York.
51nt.. by Un. Rys. Co., said' at guar. secured by gen. second mtge. on
entire system.Stocks and Bonds.-Of the $20,000,000 authorized preferred stock, $3,-
000,000 is held in the treasury for future requirements. Of the $45,000,000gen. 1st mtge. bonds originally authorized, $3,000.000, which bad been !pre-viously reserved for the purpose of retiring bonds of the St. L. & Sub. Sys-tem, in case of purchase, have been canceled, making the total authorizedissue now $42,000,000, of which $11,231,000 are reserved for the retirementof underlying liens. The bonds are secured by all the stocks of the con-stituent companies, and by direct mtge. lien upon their property and fran-chises. In 1903 the gen. mtge. bonds were listed on the N. Y. and Phila-delphia stock exchanges (see V. 76, p. 980; V. 89, p. 995), and in April 1908the St. Louis Transit Co. lmpt. bonds were listed on the N.Y. Stock Exch,
Lindell By 1st M $1,500,000gold (51,000) c*der
Comp'n HUD &MT lst Mgold 0*
Taylor Ave RR 1st mortgagegold Union Depot System-
Union Depot RR Cons Mtgel 1893 6 g J-D $3,500,000 June 1 1918$3,500,000 gold 1Interest at St. Louis-Union Trust Co.Southern Electric System-
Southern By consol mtge 1890 6 M-N 500,000 May 1 1915$500,000 Interest at Fidelity Trust Co., Louisville.
South Elec By mtge $200,000 1896 5 g 200,000 Aug 1 1916($1,000) gold o Interest at St. Louis-Union Trust Co.National System-
St Louis RR 1st Mtge curl 1890 43,6 M-N 1,948,000 See text($1,000) 'Subject to call May 1 1900.
'Interest at St. Louis-Union Trust Co.f 1893 5 g J-J $250,000 July 1 1913
Baden & St Louis 1st mtgei Subject to call after July 1 1893.gold Northern Trust Co., Chicago, Trustee.
lInterest at St. Louis-Union Trust Co.Cass Ave. & Fair Grounds 1st 1892 5 g J-J 1,813,000 July 1 1912M $2,000,000 gold ($1.000) Subject to call at 102 on anyJuly 1 after 1893.sinking fund, guar prin & Northern Trust Co., Chicago, Trustee.int (Nat Ry) c* Interest at St. Louis-Union Trust Co.St. Louis Suburban System-
St Louis Cable & Western Ry1 1884 6 M-N 600,000 Nov 1 19141st mortgage (currency) __lint. at Farmers' L. & Tr. Co., N. Y. City.
St Louis & Suburban 1st Mtge ( 1891 5 g F-A 1,400.000 Feb 1 1921$2,000,000 gold ($1,000) __1Interest at Amer. Tr. Co., Boston. Trus-
tee; redeem. at 105 any interest date.StL&MRRy 1st M $1,000,-) 1896 6 g M-N 1,000,000 May 8 1916
000, g($1,000),guar p &I by }Interest at Mississippi Valley Trust Corn-St L & Sub. endorsed_- _c*J pony, St. Louis, Trustee.
St L & Sub gen mtge $7,500,-1 1903 5 g A-0 4,500,000 April 1 1923.000 gold ($1,000) guar._ _c*JInt. at Miss. Val. Tr. Co. St. Louis, Trustee.Of the St. Louis & Sub. Ry. mortgage for $7,500,000, $3,000,000 are re-
served to retire prior liens. V. 76, p. 332. The St. Louis & Meramec RiverIn April 1903 made a new mortgage for $3,000,000, of which $2,000,000 wasdeposited with the trustees as additional security under the general mort-gage of 1903, the remaining 51,000,000 being reserved to take up the first Osof 1916. St. Louis RR. bonds originally were 5% bonds, maturing May 11910, but they were extended for 10 years to May 1 1920 at 43i%.V.90,p.448
BOND ISSUES OF CONSTITUENT COMPANIES.Lindell System- Date. Interest. Outstanding, Maturity
1891 5 g F-A $1,500,000 Aug11011Interest payable in New York and St. Louis.1893 6 g J-J 1,000,000 July 1 1913
Int. at St. Louis-Union Trust Co.; also InN.Y.1893 6 g J-J 500,000 July 11013
Int. at St. Louis-Union Trust Co.. St. Louis.
Dividends.-First div.. of 13,4 % on pref.. April 10 1900, and the sameamount quer. to July 11 1910, Incl. Oct. 1910 div. was deferred. V. 91,p. 718.ROAD.-On Jan. 1 1910 owned total of 453.01 miles of track (including
the St. Louis & Suburban), of which 345.54 miles are in the city and 107.47In the country. Of this total, 450.44 miles is operated.EQUIPMENT.-Has 1,333 passenger cars, 9 special cars, 10 mall and 7
xpress cars, 8 snowplows and 33 snow-sweepers, 2 electric locomotives and162 service cars of various kinds. Total, 1.564.REPORT.-For the calendar years (St. Louis & Suburban By. Included).
Report for 1909 in V. 90, p. 367.1909. 1908. 1907.
Net earnings $4,487,727 $4,201,114 $4,155,337Other income 205,287 182,449 169,700
Total income $4,693,014 $4,383,563 $4,325,037Deductions-
Interest on bonds $2,798,182 52,798,738 $2,778,022Dividends on preferred stock UnitedRailways of St. Louis (5)849,160 (5)849,160 (5)649,160
Depreciation 609,761 527,856 540,183
Total deductions $4,257,103 $4,175,754 $3,967,365Surplus $435,911 $207,809 $357,672OFFICERS.-Pres. and Gen. Mgr., Robt. McCulloch; V.-P. and Asst.
Gen. Mgr., Richard McCulloch; Sec. and Treas., James Adkins; Auditor,H. P. Taylor. Directors: J. I. Beggs, J. Campbell, Murray Carleton. Robt.McCulloch, H. S. Priest, D. R. Francis Jr., Richard McCulloch, C. H.Hettig, A. D. Brown, Festus J. Wade and Wm. J. Kinselia.-V. 84, p. 52,104, 689, 750, 1553; V. 85, p. 42; V. 86, p. 976, 1102; V. 87, p. 227, 481;V. 88, p. 291, 501, 507, 744, 1199, 1255; V. 89, p. 995, 1224, 1349; V. 90.p. 367, 448, 504, 1426; V. 91, p. 718.
MISSOURI ELECTRIC RR.Same Interests control United Rys. Co. of St. Louis.ORGANIZATION.-Incorporated in July 1908 in Missouri and took
over property of St. Louis St. Charles & Western RR., sold at foreclosuresale July 24 1905, on behalf of a syndicate. Stock, $1,000,000. all out-standing. A $1,000,000 mtge. has been made to Mercantile Trust Co. of St.Louis, as trustee, of which $630,000 are outstanding and $70,000 are re-served for extending and repairing system. Company operates about 20miles of track between St. Louis and St. Charles. Gauge 4 ft. 10 in. 60 and70-lb. T and girder rail. Pres., Robert McCulloch.-V. 87, p. 226, 480.
ST. LOUIS & ST. CHARLES BRIDGE CO.ORGANIZATION.-Incorporated on Dec. 22 1908 as successor to the
St. Charles & St. Louis County Bridge Co., whose property was bid in atforeclosure sale on Feb. 29 1908, for the bondholders, at $300,000. V. 86.p. 669. The Missouri Electric pays the Bridge Co. 5 cents for each passengercrossing the bridge.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
gold c• 4Commonweaith Trust Co., trustee.Bonds.-$100,000 bonds are reserved for betterments; subject to call at
105 after Jan. 1 1914.Property.-Bridge across the Missouri River 2,700 feet long, between City
of St. Charles and St. Louis County, was opened April 22 1904.OFFICERS.-Pres., W. C. Fordyce; V.-P., Willi Brown; Sec. & Treas..
W. V. Delahunt. V. 86, p. 669; V. 87, p. 227: V. 88, p. 56.
SALT LAKE CITY, UTAH.UTAH LIGHT & RAILWAY CO.In Nov. 1906 control was acquired by Oregon Short Line RR.
' which
owned on June 30 1909 $1,849,450 common stock; $3,837,875 of prof. stock.93.000 of the 1st con. mtge. bonds and 541,000 of col. tr. 6% notes.ORGANIZATION.-Incorporated in Utah on Jan. 2 1904 and is a con-
solidation of the Utah Light & Power Co. and the Consolidated By. &Power Co. Controls all of toe electric-lighting of Salt Lake City and Ogdennd all of the street railway b isiness of Salt Lake City. V 78, p.
104, 344, 704. In August 1005 was granted a new blanket franchiseverify; street railways, gas and electric lights running to July 1 11155.
See V. 81, p. 669.In Oct. 1905 holders of Utah Light & Power 4 % bonds were offered the
privilege of exchange for 5 % consols of Utah Light & Ry. We are notInformed as to number exchanged. Privilege has been withdrawn.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $6,000,000 ($25). $2,062,500 Pref, 8% n-c, $4,000,000 ($25) 4,000,000 In 1905, 1 %ist consol M.$10,000,000, goldl 1904 5 g J-J 1,485,000 Jan 2 1934($1,000) c*J Bowling Green Trust Co., N. Y., Trustee.
Coll tr imp notes, $500,000._ j 1905 8 J-J 260,000 Jan 1 '11-131The Elec. & Gen. Inv.Co.,Ltd.', London, Tr.
Utah Lt & Power 1st M,1 1000 5 g J-J 749,000 Jan 1 1930$750,000, g ($1,000) c* 'Int. at Trust Co. of Am., N. Y., Trustee.
Utah Lt & Power con M, 1900 4 g J-J 1,115,000 Jan 1 1930$4,500,000, gold ($500) _c* Int. at Trust Co. of Am., N. Y., Trustee.
Cons By & P 1st M, $3,000,- 1901 5 g J-J 1,472,000 July 1 1921000, gold ($1,000) &
____cr1
Interest at Trust Co. of Am., N.Y., Trustee,Bonds .-01 the new $10,000,000 consol. mtge., enough is reserved
to retire prior liens. They are subject to call on any interest date afterJuly 2 1913 at par. Of the $3.000,000 Consolidated By. & Power Co.bonds, sufficient are reserved to retire the underlying bonds. These under-lying bonds are being retired as fast as the new bonds are sold. The newbonds are not subject to call. The Utah Light & Power 5s of 1900 aresubject to call at par and int. Of the Utah Light & Power consols, $750,000are reserved for prior liens. These bonds are subject to call at par and int.Under the terms of consolidation with Consolidated fly. & Power, no furtherbonds can be issued under this mortgage beyond $3,350,000.EARNINGS.-For year ending June 30 1910, gross, $2,431,140; net,
after taxes, $1,040,286; fixed and other charges, $720,942; surp., $319,344.ROAD.-The consol. company owns and operates 107 miles of track,
including double track, sidings, &c., connecting Salt Lake City, Sandy,Midvale and Murray. Has 148 passenger cars. 24 new passenger carsordered for fall 1910 delivery.OFFICERS.-Pres., W. H. Bancroft; 1st V.-P., P. L. Williams; 2d V.-P.,
W. S. McCornick; Treas., G. S. Gannett: Sec., F. H. Knickerbocker;Gen. Mgr., Jos. S. Wells; Asst. Gen. Mgr., R. E. Hunt; And., Will Browne.-V. 83, p. 1172; V. 85, p. 655; V. 86. p. 1535; V. 89, p. 1598.
SAN ANTONIO. TEX.SOUTHERN LIGHT & TRACTION CO.Controlled by the American Light & Traction Co.ORGANIZATION.-Incorporated in New Jersey Sept. 6 1899 to "hold
stocks, bonds and other securities," and is largely Interested in the electricrailroad and the electric and gas lighting companies In San Antonio. Capi-tal stock (formerly $2,500,000) Is all owned by American Light & TractionCo. Amount was reduced to $2,500 on June 2 1904STOCK AND BONDS- Date. Interest. Outstanding, Maturity.
Stock, $2,500 (100.) Col trust, 32,500,000, gold 1899 5 g MS 1 t 1 1949(51,000); no s. f
,1)6$82:500000 Sent
c* Int. at Emerson 'McMillin Sc Co., It. y.San Antonio Trac. $984,000 1908 5 M-S 984.000 Sept 1 1949
1st mortgage, gold New York Trust Co., trustee.San Antonio Gas & Elec.) 1908 5 M-S
$984,000 1st M.. gold....._ 1 084,000 Sept 1 1949
New York Trust Co., trustee.Bonds.-The col. trust bonds are secured by deposit with the New York
Trust Co. of New York, as trustee, of all the company's holdings of bonds ofIts constituent companies, and are redeemable at 105 upon six months'notice; $532,000 have been retired. Both the San An.Trac. bonds and theSan An. Gas & Elec, bonds were issued to retire underlying bonds. V. 88,p. 687.ROAD.-Owns and operates 40 miles of track In City of San Antonio:
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OCT., 1910.] ELECTRIC RAILWAYS 103
REPORT.-Figures now Included in the American Light & Traction Co.OFFICERS.-Pres., Emerson McMillin; V.-P., Philip Lehman; Sec., A.
P. Lathrop; Treas., A. H. Ostrom, 40 Wall St., New York.,--V. 82, P. 569.
SAN BERNARDINO, CAL.THE SAN BERNARDINO VALLEY TRACTION.-A trolley road.
In May 1007 control of this road passed into the hands of interests repre•sented by H. E. Huntington. V. 84, p. 1249.ORGANIZATION.-Is a consolidation on June 8 1903 of the Redlands
Street By., the San Bernardino & Highland Electric By. and the San Ber-nardino Valley Traction Co. Also controls the newly organized San Ber-nardino Interurban By.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $1,500,000 ($100) $1,081,500 New mortgage, $1,000,000,1 1003 5 g M-S 954,000 Sept 1 1933
gold, s I ($1,000)____cs &rJ Interest at Los Angeles Trust Co., Trustee.Bonds.-The amount out includes a few old bonds still outstanding.
The new bonds arc subject to call at 105.ROAD.-Owns 42 miles of track in and between Redlands, San Ber-
nardino, Colton and Highland, and including an extension of 63 miles toArrowhead Hot Springs. 40 to 60-1b. T rail. Standard gauge.EARNINGS.--For year to Dec. 31 1909, gross, $183,374; net, $60,185;
In 1908, gross, $166,801; net, $56,412.OFFICERS.-.--President, H. E. Huntington, Sec. and Treas., E. T. Cook;
General offices, Pacific Electric Bldg., Los Angeles.-V. 76, p. 1302, 1409;V. 77, p. 512, 1226; V. 81, p. 778; V. 84, p. 1114, 1249; V. 86, p. 795.
(1) San Bernardino Interurban RY.ORGANIZATION.-Incorporated In California on Nov. 26 1906 to build
Interurban lines from San Bernardino, where connection will be made with
the San Bernardino Valley Traction to Rialto, Ontario, Riverside, Redlands,&c. All rights of the traction company for a line to Riverside (where con-nection will be made with the Pacific Electric By.) were acquired December1906 and construction has now (1909) begun. All the stock, with the excep-tion of a few shares, is owned by the San Bernardino Valley Traction.STOCK AND BOND- Dte teres tstanding. Maturity.
Stock, $1,000,000 ($100)------------ ------------$598,000 1st mortgage, $1,000,1 5 -g None Mch 1 1947($1,000), gold (Int. at Los Angeles Trust Co., Trustee.Bonds.-A sinking fund of $500 starts 5 years from date of bonds, with
an increase of $500 each succeeding 5 years.-V. 84, p. 1114.
SAN DIEGO, CAL.SAN DIEGO ELECTRIC R Y.-A trolley road.ORGANIZATION, ETC.-Began operation in 1891, and In March 1898
purchased Citizens' Traction Co. at foreclosure sale. In 1905 sold Itselectric-light business to a new company-the United Light, Fuel & PowerCo. V. 81, ri. 559. In 1908 acquired control of the Coronado RR., withwhich it has been merged. In 1909 acquired the South Park & East SideBy. Road is owned by J. D. Spreckles Bros. & Co. of San Francisco.Owns 45 miles of track. Standard gauge, 60-lb. T rail. Has installedone 1,000 k. w. Parsons turbo-generator and two 500 k. w. generators.Stock was increased Nov. 1907 from $500,000 to $5,000,000 (none out); nobonds. Pres., J. I). Spreckels; V.-P. and Man. Dlr., Wm. Clayton; Sec.and Treas., Harry L. Titus; Gen. Supt., B. M. Warner; Supt., M. J. Perrin,Gen. Aud., A. H. Kayser.-V. 83, p. 380; V. 85, p. 1144.
SANFORD, ME.ATLANTIC SHORE LINE RV.Default.-Int. on ref. intge. 4s, 2d mtge. 6s and certain underlying issues
being in default, a reorganization committee has been formed (Knicker-bocker Trust Co., N. Y., and Fidelity Trust Co., Portland, depositaries),calling for deposits of ref. 4s, 2d mtge. es and 1st pref. stock. V. 91, p. 716.It is proposed to form a new company and issue new securities In exchangefor securities of the old company per plan in "Chronicle" of Oct. 1 1910.ORGANIZATION.-Incorporated in Maine. Is a consolidation in April
1906 of the old Atlantic Shore Line By. and the Portsmouth Dover & YorkStreet By. The former company in April 1904 purchased the Sanford &Cape Porpoise By., the Mousam River RR. and the Sanford Power Co.Leases the Alfred Light & Power Co. for 30 years from 1905; stock of thatcompany. $200,000. Does a freight business.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $2,000,000 $2,000,000 1st pref 4 % cum, $700,000_ 700,000 Non-cum pref 4 %, $300,000_ 300,000 Ref mtge, $3,000,000, gold l 1006 4 g A-0 x1.191,500 April 1 1926($500 and $1,000) cf Int. at Knickerbocker Tr. Co., N. Y. Trustee
2nd mortgage, $500,000 1009 6% 330,000 6 monthsUnderlying bonds; not disturbed by reorganization plan of 1910.
1st con mtge, $1,000,000, gl 1904 5 g A-0 361,500 April 1 1934($500, $1,000) c* lint. at Knickerbocker Tr. Co., N. Y. Trustee
5 J-J 120,000 Jan 1 1924Alf Lt & P 1st mtge. $250,000 1905 5 g J-J 250,000 July 1 1935($500 and $1,000) Int. at Knickerbocker Tr. Co., N. Y., Trustee
P D & Y 1st mtge, $650,000, 1903 434 J-D 1923450,000gold ($1,000) State Street Trust Co., Boston, Trustee.
P D & Y 2d M and eat, $100,- 1905 5 g J-D 57,000 April 1 1925000 Interest at Augusta, Me., Trust Co., Trustee.
P K & Y St By 1st M, $200,- 1897 6 g M-S 200,000 1917000, geld ($500 and $1,000) n. tery. Tr. Co., Waterville, Me., Tr.
Sant & Cape Porp'se 1st mtge_ ----------5 J-J 246,000 July 1928Mousam River 1st mtge ---------6 6 J-D 59,000 Dec. 1912x Of this amount, $238,000 are pledged under the 2d intge. bonds.Bonds.-Of the $3,000,000 ref. bonds, $1,500,000 are reserved for prior
liens. Are not subject to call. The consols of 1004 are subject to call.all or any part, after 10 years at 105, to be drawn by lot. Sec V. 78, p.2383.The Alfred Light & Power bonds are subject to call after 1915 at 105. ThePortsmouth Dover & York bonds of 1903 can be called after 1913 at 105 andInterest. The 2nd Is can be called at par on any interest date. The Os of1897 can be called at 105.ROAD.-Operates 37 miles of track, connecting SprIngvale, Sanford,
West Kennebunk, Kennebunk, Kennehunkport and Cape Porpoise withBiddeford and Saco; thence over connecting lines to Old Orchard and Port-land. See V. 81, p. 1549. Also 42 miles of track connecting Portsmouthand Kittery with Dover and South Berwick, Including a line to York Beach.A link from York Beach to Kennebunk, 18 HIM'S. connecting the twolines, was put in operation July 21 1907, thus completing a chain of electricroads from Boston to Portland Total about 97 miles. Owns two water-power plants with generating capacity of 3,400 h. p.; also has several tide-water terminals and a park. Has 83 ea,-s; 60,70 and 80 lb rail.
EARNINGS.-For year ending June 30 1909 (combined properties).gross, $354,250; net, $106,454; fixed charges and taxes, $134,459; deficit.$28,005.
OFFICERS.-Pres., G. B. Goodall; V.-P., A. S. Bosworth; Treas., L. B.Goodall; Sec., F. J. Allen; Gen. Mgr., I,. H. McCray; Aud., J. W. Leavitt.-V. 82, p. 626; V. 84, p. 560; V. 85, p. 344; V. 89, p. 1410; V. 91, p. 716.
1st mortgage
SAN FRANCISCO, CAL.PACIFIC GAS & ELECTRIC CO.-See Map, page 104.A holding company.ORGANIZATION.-Incorporated in California on Oct. 11 1905, and has
acquired 98.47% of the entire capital stock of the San Francisco Gas &Electric Co. Owns in fee the California Gas & Electric Corp., the CaliforniaCentral Gas & Elec. Co., the Fresno Gas dc Elec. Lt. Co. and the Vallejo GasCo. Also owns In fee the following companies, which were formerly ownedby California Gas & Electric Corporation:
Bay Counties Power Co. 'San Mateo Power Co.Berkeley Electric Lighting Co. 'South Yuba Water Co.Blue Lakes Water Co. 'Standard Electric Co. of California.Central California Electric Co. 'Stockton Water Co.Oakland Gas Light & Heat Co. 'United Gas & Electric Co.Sacramento Electric, Gas & By. Co. 'Valley Counties Power Co.For assessment on stock, see V. 85, p. 163, 725.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common, $20,000,000 _______ $19,272,500 Pref ,6% cum $10,000,000- Q-F 10,000,000 Aug '10,1 34Coll trust mtge $10,350,0001 1906 5 g J-J 8,848,405 Jan 2 1936
gold ($1,000) c&ri Intere:t at Union Trust Co., San Francisco,I Trustee, or at Its agency in New York.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.New debentures ($4,000,0001 1907 6 g J-D 15 $3,884,000 Dec151937
Trust Co. of America, N. Y., Trustee.Cal Gas & Elec Corp gen M & 1903 5 g M-S 5,508,000 Melt 1 1933
coil tr $10,000,000 gold }Interest at Mercantile Trust Co.. San Fran-($1,000) sinking fund___c• J cisco, Trustee.
Calif Gas & Elec Corp unify'l 1907 5 g 11-N 13,553,000 Nov 1 1937and refunding mtge.. $45,- Union Trust Co., San Francisco, trustee.000,000, gold oda' Int. payable in New York or San Francisco.
Bay Counties Power Co 1st MI 1900 5 g M-S 1,893,000 Sept 1 1930$2,250,000 gold ($l,000) ..Interest at Mercantile Trust Co., San Fran-
Bay Counties Power Co 2d jl cOlsr 6 g Ab
' trustee- or N. IV. Halsey & Co.,N.Y.
M 19 $750,000 April 1 1931$750,000 gold ($1 000)____JInt. at Union Tr, Co., San Francisco, Trus.Nevada County Elec 1st 6 A-0 AI_ ___-Yuba Elec Power 1st mtge------- 6 J-D
171,000 Oct 1 1928
6Cal Central Gas & Elec Col 1901 5 g F-A 1,01080.' °0°00° JuneAug
1 1199321
first mortgage $1,000,000 }Interest at Mercantile Trust Co., San Fran-gold ($1,000) sinking fund_J cisco, Trustee.
Oakland Gas Light& Heat Col 1891 5 M S 16 1,000,000 Mch 16 1916first mortgage $1.000,000_ lint. at company's office, San Francisco.
Sacramento Elec Gas & By) 1897 5 g M-N 2,180,000 Nov 1 1927first mortgage $2,500,000 }Int. at Mercantile Trust Co., San Francisco,gold ($1,000) Central Elec By first mtgel 1
a89n 2d Gu,arga jn-troy Trust Co., New York.
$400.000 ($1,000 & $500)1 265,000 June 1 1912
($25.000 due yearly) to June 1 1922gold c* Int. at Mercantile Trust Co., San Francisco,
or Union Trust Co., New York.Standard Elec Co 1st 11 $5.-1 1899 5 g M-S 2,655,000 Sept 1 1939000,000 gu prin & int by }Int. at Mercantile Trust Co., New York, trims-Cal Gas & Elec Corporation) tee, and Crocker Nat. Bk., San Francisco.Blue Lakes Water 1st mtge I 1893 6 M-S 15$5,000,000
725,000 Mch 15 1938
Stockton Water Co 1st mtolInnt.91paid, g in AN-.0Y., San Fran. and London.
247,000 April 1 1911$500,000 gold JInt. at Illinois Tr. &Say. Bk., Chic., Trustee
United Gas & Elec Co 1st MI 1902 5 g J-J 1,881,000 July 1 1932$2,000,000 g ($1,000) s Lc* JMercantile Trust Co., San Fran., Trustee.
Valley Counties Power Co) 1902 5 g M-N 2,500,000 May 1 1930first mortgage $2,500,000 }Interest at Mercantile Trust Co., San Fran.,gold ($1,000) sinking fund_ Trustee, or at U. S. Mtge. & Tr. Co., N. Y.
So. Yuba Water Co. cons. M., 1893 6 g J-J 1,500,000 July 1 1923$1,500,000, gold ($1,000) _ _ Int. at Farmers' L. & 'Fr. Co., N. Y., trustee.
Cent Cal El Co mtge, $5,000,- 1902 5 g M-N 40,000 May 1 1933000. gold ($1.000) Int. at Van Norden Tr. Co.. N. Y.. trustee.
BONDS.-Pacific Gas & Electric Co. collateral trust mortgage bonds aresecured by deposit of all the stock of the San Francisco Gas & Electric andall the physical properties of California Gas ec Electric Corporation acquiredby this company. Subject to call at 105 & accrued int. Sink, fund of$250,000 annually. $1,262,405 have been canceled by sinking fund.
Debentures.-The 1907 debentures'are subject to call at 100 & int. Sink.fund of $125,000 yearly from March 1 1918 to 1927, Inclusive, and $250,000yearly from March 1 1928 to 1937 inclusive. Int. at N. W. IIalsey & Co..N. Y., or at office of company or its agency, San Francisco. V. 88, p. 1621:V. 89, p. 104.
California Gas de. Electric Corporation Unifying and Refunding Mortgage5% Bonds of 1907 are a lien upon all the property and franchises of theCalifornia Gas & Electric Corporation now owned or hereafter acoulred.V. 86, p. 1158. They are also a lien (through a supplementary mtge. exe-cuted by the Pacific Gas & Electric Co.) ,prior to the bond issues of thePacific Gas & Electric Co., upon all the properties of that company exceptthe stock of the San Francisco Gas & Electric Co., but Includes the proper-ties of the California Central Gas & Electric Co., Fresno Gas & ElectricLighting Co. and the Vallejo Gas Co., subject, however, to underlyingmortgages of the Calif. Cent. Gas & Elec. The bonds may be issued underfour heads-"A," "13," "C" and "D." Series "A" amounts to $30,282,000and will go to retire outstanding prior liens: $7,673,000 underlying bondsretired to date and deposited under this mortgage. Series "B" amountsto $3,055,000 and were issued at 90 to refund existing obligations. Series"C" and "D" aggregate $11,663,000, $4,337,000 of which are issued, $1,512,-000 being in treasury; remainder may be Issued and sold at not less than 90to provide for 85% of actual cost of future extensions and new property ac-quired. V. 86, po. 980. The bonds are subject to call at 110 and int. upon anyinterest date after Nov. 1 1912 upon 60 days' notice. V. 88, p. 1199. Theissuance of additional underlying bonds is prohibited by terms of mtge. Anagreement was executed Jan. 21 1908 providing that all Cal. Gas & Elec.gen. mtge. and collateral trust bondholders depositing bonds with MercantileTrust Co. of San Francisco would be entitled to receive an equal amount ofunifying and ref. bonds, and in addition an amount of common stock of thePacific Gas & Elec. equal to 25% of bonds so deposited. V. 86. p. 980.$4,492,000 gen. M. and coll, tr. bonds were so deposited. Agreement expiredFeb. 1 1909. The mtge. provides that a sink. und be created and maintainedas follows: 1912 to 1916 incl., $450,000 per ann.; 1917 to 1921 Inci.,$550,000per ann.; 1922 to 1926 incl., $700,000 per ann.; 1927 to 1936 inclusive$900,000 per annum. This sinking fund will be applied as far as necessarytoward making the sinking fund payments required by underlying mort-gages, and the balance to the purchase for the sinking fund of the bondsissued under the new mortgage. Bonds arc listed on New York StockExchan e. V 90 1677
California Gas de Electric Corporation $10,000,000 General Mortgage andCollateral Trust Bonds are subject to call on any Interest date at 110 andinterest on four weeks' notice. $4,492,000 were deposited under theunifying & ref. mtge. Sinking fund for 5 years, beginning March 11904, $150.000 per annum; from 1909 to 1913, $200,000 per annum; 1914to 1918, $250,000 per annum; 1919 to 1923, $300,000 per annum; 1924 to1928, $350,000 per annum; 1929 to 1933, $400,000 per annum. The saidsinking fund will provide for the sinking funds of the Bay Counties PowerCo., Calif. Central Gas & Elec. Co., Sac. Elec. Gas & By. Co. and Valley
Counties Power Co., and is to be used initially in redeeming the bonds orthe constituent companies; the remainder for the new $10,000,000 issue.The bonds redeemed shall be kept alive and bear int. except where the mtges.of the constituent companies provide for their cancellation; in the event of
the purchase of any of the gen. mtge, and coll. trust $10,000,000 bonds,these
also are to be kept alive; but should any of the latter be called for payment
at 110, the bonds so called are to be canceled. $1,331,000 of the $5,508,000
outstanding gen, mtge. and coll. trust bonds, and including $546,000 bonds
of subsidiary companies, are now held Insinking funds. In addition, $101,-000 subsidiary companies' bonds have been canceled by this sinking fund.The gen. mtge. and coll, trust bonds are secured by deposit (now secured byphysical properties of these companies which have been deeded to the cor-poration) of practically all the capital stocks of the subsidiary companies,namely, all of the 36,000 shares of Bay Counties Pow. Co.; all of the 15,000shares Calif. Cent. Gas & Elec. Co.; all of the 30,000 shares of Oakland GasLt. & Ht. Co.; 18,557 out of 18,584 shares of Sacramento El. Gas & By. Co.:all of the 4,898 shares of Fresno Gas & El. Lt. Co.; all of the 50,000 shares ofthe Standard El. Co.; all of the.22,286 shares of the United Gas & Elec. Co..and 1,000 shares of stock of the Vallejo Gas Co.; also by 99.76% of Sou.Yuba Water Co. stock. In addition, the Bay Counties Power Co. owns theentire $2,500,000 stock of the Valley Counties Power Co., and the United
Gas & Electric Co. owns the entire $1,000,000 stock of the San Mateo Power
Co.Bay Counties Power Co. $2,250,000 First Mortgage Bonds.-$357.000 are
reserved to retire $186,000 Yuba Electric Power bonds and $171,000Nevada Electric Power bonds. A sinking fund on the first 5s of 1% of
outstanding bonds per annum commenced in 1905 and runs until June 1
1910, on which date and for four years thereafter 1% % of bonds out: on
June 1 1915 and for four years thereafter, 2% of bonds out; on June 11920 and for four years thereafter, % of bonds out: on June 1 19215and thereafter, 3% of bonds outstanding. July 1910, $158,000 of the out-standing bonds in table were held in said sinking fund. The second 6s aresubject to call at any time at 105. $50,000 of outstanding bonds are heldin a sinking fund.
California Central Gas & Electric Co. First Mortgage Bonds.-A sinkingfund of 2% of bonds outstanding commenced on Aug. 1 1902, but bondsare not subject to call. $210,000 of outstanding bonds are in sinking fund.
Sacramento Electric Gas & Railway Co. Bonds.-Of the $2,500,000 author-
ized, $265,000 arc reserved for the Central Electric By. firsts; $5,000 wereretired in Aug. 1902, $5,000 in Aug. 1903, $5,000 in Aug. 1904, $5,000 inNov. 1905, $5,000 in Nov. 1906 and $20,000 in Aug. and $10,000 in Dec. '09.
By the terms of a supp. mtge. the right to call all or any of the bonds at 103has been rescinded; but this does not affect the right to retire bonds as follows;From 1902 to 1906 incl., $5,000 per annum; 1907 to 1911 incl., $10.000 perannum; 1912 to 1916 incl., $20,000 per annum; 1917 to 1921 incl., $30,000per annum; 1922 to 1926 Ind., $40,000 per annum. Total, $525,000..
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
104 ELECTRIC RAILWAYS [VOL. LXXXN I.
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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT., 1910.J ELECTRIC RAILWAYS 105
Standard Electric Co. of California First Mortgage Bonds.-They areguaranteed by California Gas & Electric Corporation by endorsement.The amount given in table as outstanding includes $47,000 held in sinkingfund of California Gas & Elec. Corporation, but does not include $2,345,000deposited under unifying and refunding mortgage of California Gas &Electric Corporation. Of Blue Lakes Water first mortgage bonds reportedoutstanding, $11,000 are in sinking fund. The Stockton Water Co. bondsare subject to call at 105 and int.; $103,000 have been redeemed. V. 81.p. 1854. •
United Gas & Electric Co. Bonds.-Interest is payable at Crocker-Woolworth National Bank, San Francisco, or Mercantile Trust Co., New York.A sinking fund commences July 1 1907 of 2% of bonds outstanding for thefirst 5 years; 3% the next 5 years; 4% the next five years; 5% the next 5years. and 6% per annum thereafter. $119,000 have been canceled bysinking fund. $47,000 bonds of allied companies are held alive in sinkingfund. Bonds are not subject to call.
Valley Counties Power Co. Bonds are not subject to call. Are guaranteed,principal and interest, by Bay Counties Power Co. Listed on San FranciscoStock EXchange in June 1905. V. 80, p. 2625. Commencing Nov. 1 1905and on Nov. 1 for each succeeding four years, 1% of aggregate amount ofbonds issued and outstanding is payable to sinking fund, commencing Nov. 11910 and for succeeding four years, 13-4%; commencing with Nov. 1 1915and for succeeding four years, 2%; commencing with Nov. 1 1920 and forsucceeding four years, 234%; commencing with Nov. 1 1925 and for suc-ceeding four years, 3%. $59,000 of outstanding bonds now held in sinkingfund, also $81,000 bonds of allied companies.
South Yuba Water Co.-Cons. mtge. callable at 110 and interest.Central California Electric Co.-$810,000 are deposited under unifying
and refunding mortgage. Callable at 110 and interest.Sinking Funds.-Total cash and bonds in all sinking funds of Pacific Gas
& Electric Co. and subsidiary companies Sept. 1910. $3,416,000.Dividends.-First on pref. ($1 35) was paid April 15 1906; none after that
to Aug. 2 1909, when $5,000,000 corn. stock was issued in settlement ofcumulative dividends amounting to 20%. Stockholders were offered andaccepted 1 share of corn. in lieu of accumulated divs. on each 2 shares ofpref. V.89, p. 104. In Nov. 1909, 1 In 1910, Feb., 134% (V. 90,p. 237); May, 1M%; Aug., 1%.LATEST EARNINGS.-Pacific Gas & Electric Co.-For 6 mos. ending
June 30 1910, gross, less $192,471 revenue insuspense (San Francisco ratecases), $7,038,068; net, after taxes, maintenance, reserve, casualties,&c.,$3,147,128; interest, $1,511,742; pref. div., $300,000; sinking fund, &c.$392,268; surplus, $943,118.
Earnings of Pacific Gas & Electric Co.-For year ending Dec. 31 1909gross, less $317,574 rev, in suspense (San Fran. rate cases), $13,332,501;net, after taxes, maintenance, reserve, casualties, &c., $5,800,925; interest,$2,988,522; dlvs. on pref., $600,000; sink. fund, &c., $709,446; surplus,$1,502,957. In 1908, gross revenue, $12,853,817; net above fixed charges,&c., $1,812,330.PROPERTY.-Does the lighting and power business in Central Cali-
fornia outside city of San Francisco (the controlled San Francisco Gas &Electric Co. supplies entire city of San Francisco with gas and electricity).Operations extend into 24 counties comprising an area of 31,489 squaremiles containing 1,350,000 people, or over 60% of population of California.The system includes (exclusive of San Francisco Gas & Electric Co.) •Developed water power and electric power machinery Installed, 135,200horse power. Total additional power available, 100,000 horse power.Power transmission, main pole lines constructed, 1,513 miles; power andlighting distribution, pole lines constructed, 900 miles; output of gas,1909, 5,169,982,800 cubic feet; gas mains installed, 1,447 miles; gas meters139,503; light and power consumers, 75,000; entire street railway system ofSacramento, 34.14 miles of track. Territory supplied-Counties: Alameda,Amador, Butte, Calaveras, Colusa, Contra Costa, Fresno, Mann, Napa, Ne-vada, Placer, Sacramento, San Francisco, San Joaquin, San Mateo, SantaClara, Santa Cruz, Sierra, Solano, Sonoma, Sutter, Tuolumne, Yolo andYuba; cities and towns: Alameda, Alta, Alvarado, Amador City, Antiock,Belvedere, Benicia, Berkeley, Biggs, Big Oak Flat, Black Diamond, BrownsValley, Brentwood, Burlingame, Byron, Centerville, Chico, Colusa, Colfax,Concord, Corte Madera, Crockett, Davis, Dixon, Dobbins, Durham, DutchFlat, Elmhurst, Emeryville, Fairfield, Folsom, Fresno, Grass Valley,Gridley, Groveland, Hammon, IIayward, Irvington, Jackson, Lincoln,Livermore, Loomis, Martinez, Marysville, Mayfield, Mill Valley, MenloPark, Mission San Jose. Mokelumne Hill, Mountain View, Napa, NevadaCity, Newcastle, Newark, Niles, Oakland, Palo Alto, Penryn, Petaluma,Pinot°, Port Costa, Pleasanton, Redwood City, Rocklin, Rodeo, Richmond,Sacramento, San Anselmo, San Andreas, San Rafael, Santa Rosa, SanQuentin, San Leandro, San Mateo, San Jose, Santa Clara, San Francisco,Sausalito, Sebastopol, Sonoma, South San Francisco, Stockton, Suisun,Sunnyvale, Sutter Creek, Tiburon, Towle, Tracy, Vacaville, Vallejo,Walnut Creek, Warm Springs, Washington, Wheatland, Winters, Wood-land, Yolo, Yuba City. The South Yuba Water Co. owns about 500 milesof canal. 22 lakes, various distributin reservoirs, &e.OFFICERS.-Pres., F. G. Drum; V.-P., John A. Britton; V.-P. and
Treas., A. F. Hockenbeamer; Sec., D. H. Foote.-V. 85, p. 163, 408, 725;923, 1004; V. 86, p. 338; V. 87, p. 550; V. 88, p. 1197, 1621; V. 89, p. 42,104, 1144; V. 90, p. 237, 1099, 1425, 1677; V. 91, p. 215, 519.
(1) San Francisco Gas & Electric Co.ORGANIZATION.-Incorporated on Dec. 11 1896, The Pacific Gas &
Electric Co. owns 98.47% of tire $15 843,433 stock. See statement of thatcompany above. Supplies the entire city of San Francisco with gas andelectricity. In Dec. 1908 Judge Van Fleet in the M. S. Circuit Courtgranted an injunction to remain in force during pendency of suit broughtby company, restraining city authorities from enforcing the 85-cent gasrate and permitting company to charge not exceeding $1 per XI cu. ft.V. 88, p. 159.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $15,843,433 See text Edison L & P 1st M, gold 1891 6 g Q-F3 $623,000 Nov 3 14121($1,000 each) Interest at office, San Francisco.
Pao Gas Impt mtge, gold 1900 4 g Q-M 1,027,000 Sept 1 1930($1,000 each), s f--- -- ----Interest at Union Trust Co., San Francisco.
S F G & El gen mtge, $10,- 1903 434 g INI-N 7,428,000 Nov 1 1933000,000, g ($1,000 each) Int. at Union Trust Co., San Fran.. Trustee.Bonds.-Of the general 4 ;is, Nos. 1 to 4,000, inclusive, are subject to call
$100,000 yearly Nov. 1 at 105, by lot, beginning Nov. 1 1906. $400,000have been canceled, $70,000 are held alive in sinking fund of allied com-panies, but are included in table above. $1,683,000 are reserved to retireprior liens. $489,000 arc in treasury; $33,000 P. G. & I. 4s in treasury also.V. 76, p. 93, 1877; V. 78, p. 233, 1496.
OFFICERS.-Pres., John A. Britton; V.-P. & Treas., A. F. Hocken-beamer; Sec., Chas. L. Barrett.-V. 82, p. 104; V. 85, p. 923; V. 87, p. 545:V. 88, p. 159; V. 89, p. 668; V. 91, p. 809.
'CALIFORNIA STREET CABLE.ORGANIZATION.-Chartered Feb. 8 1877. Annual meeting the second
Wednesday in July.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock (par $100) Monthly. $1,000,000 See text.First mortgage, gold, $1,000,-) 1890 5 g J-J 900,000 Jan 1 1915000 !Calif. Safe Den. & Tr. Co., San Fran., Trus.Dividends were 50 cents monthly, but in Aug. 1902 were increased to 75
cents monthly, and in Nov. 1904 to 90 cents monthly. On account ofearthquake and fire no dividends were paid from April 1906 to Sept. 1908,when dividends were resumed at 50 cents per share up to May 1909. when60c. per share was paid and monthly since to and including Sept, 1910.ROAD.-Operates 1134 miles of track on 534 miles of street.OFFICERS.-Pres., J. Henry Meyer; V.-P., J. C. Coleman; Sec., Geo. A.
Hare; Treas., A. lord & Co.; Supt., J. W. Harris. Office, San Francisco,Cal.-V. 82. p 279; V. 84, p. 101.
GEARY STREET PARK & OCEAN RR.ORGANIZATION.-Incorporated Nov. 8 1878. Franchise expired in
November 1903 and thereafter was operated by permission of city, payingIt 5% of gross receipts. Road ceased operations on May 5 1907, refusingthe demands of the street car union of $3 for eight hours work. On Sept.17 1907 road resumed operation under special authority by Mayor and Boardof Supervisors upon payment of 10% of gross receipts monthly, the com-pany reserving the right as to wages of employees. We are informed,however, that in the latter part of 1908 only 5% was being paid and thatthis rate has been continued up to the present date (Sept. 1910).In 1007 the city of San Francisco appropriated $720,000 in the annual
budget for the building of a end lit system, under municipal ownershipbut Judge Sturtevant Dec. 2 1907 held the appropriation invalid. SeeV. 85, p. 1518. At an election Dec. 30 1909 it was voted that the cityissue $2,020,000 bonds for the reconstruction, extension and operation of
the road by the city. V. 90, p. 54. On June 25 1910 California SupremeCourt, affirming the judgment of the Superior Court (V. 90, p. 1170).sustained the validity of these bonds. V. 91, p. 38. $500,000 have beensold, but up to Sept. 1910 road was still being operated by the company.On Sept 12 1910 Judge Van Fleet in the U. S. Dist. Court issued an
order (as a result of a suit brought by the United RP.s. of San Fran.)restraining the city from building portions of the proposed new lines.V. 91, p. 790.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock, $1,000,000 (par $100) 110,000 shares.1 See text.1137.50 paid inf
1st mortgage, $1,000,000,1 1891 5 g A-0 $671,000 Oct 1 1921gold JCalifomia S. D. & Tr. Co. ,San Fran., Trus.Bonds.-$10,000 is payable into a sinking fund annually after 1911 for
redemption of bonds.Dividends.-In 1895 6 dividends of 50 cents each; in 1896, 5 dividends;
in 1897, 3 dividends; in 1898, 6; in 1899, 6; in 1900, 6; in 1901, 5 dividendsof 50 cents and one of $1. In 1902, 5 dividends of 50 cents. In 1903,Feb., 50 cents; April, 50 cents; June, 50 cents. None since to Sept. 1910.EARNINGS.-For calendar year 1909, gross, $200,868. In 1908,
gross, $217,507. In 1907, gross, $153,191.ROAD.-Owns 4 miles of double-track cable road laid with 72-1b. rails:
standard gauge.OFFICERS.-Pres., : V.-P., C. E. Green; Sec. and Treas..
J. E. Polhemus; Supt., G. A. Grimes. General office, Crocker Bldg.,San Francisco -V. 85, p. 1518; V. 90, p. 54, 1170; V.91, p. 38, 790.
SAN FRANCISCO OAKLAND & SAN JOSE CONSOLIDATED RY.-A trolley and ferry line, popularly known as the "Key Route."ORGANIZATION.-1ncoroorated in California Mar. 6 1908 as a consol -
dation of the San Francisco Oakland & San Jose Railway (incorporatedJune 13 1902) and the San Francisco & Bay Counties By., which latterroad was incorporated in 1908 to build an electric railway from San Fran-cisco to San Jose. Is controlled by the Realty Syndicate, which alsocontrols the Oakland Traction Company.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $2,750,000 ($100)- $2,750,000 Preferred, $5,000,000 ($100)- 5,000,000 General consolidated mod- 1908 5 g 3.1-N 19 450,000 May 19 1938gage, $7,500,000 ($1,000) ,i Union Trust Co.
' San Francisco, Trustee.
gold c* I Interest at office of co., Oakland. or Wells-I Fargo-Nevada Nat. Bank, San Francisco.1903 5 g J-J 3,000,000 Jan 2 1933
San Fran 0 S J fly lstfInt. at Wells-Fargo-Nevada Nat. Bank inmortgage, $3,000,000 ($1,- San Francisco and W. F. & Co. Bank in000), s 1, gold 01 N. Y. Union Trust Co., San Francisco,
Trustee.( 1906 5 g J-J 1,500,000 Jan 2 1933
San Fran 0 & S J fly 2d mtge l Int. at Wells-Fargo-Nevada Nat. Bank.$1,500,000,g($1,000),s Lei San Francisco, or at company's office.
I Union Trust Co., San Francisco, Trustee.Bonds.-Of the consolidated mtge. bonds, $4,500,000 are reserved to re-
tire prior liens. A sink, fund on these bonds begins 1915 to 1917; install-ments totaling $4,345,000. Bonds cannot be called. A sinking fund onthe San Fran. Oak. & San Jose fly. 1st 5s is provided which will retire bondsas follows: In 1915 and 1916, $25,000 each year; in 1917 and 1918, $35,000:In 1919 and 1920. $50,000; in 1921 and 1922, $75,000; in 1923, $90,000; In1924 and 1925. 1100.000; in 1928, $115,000; in 1927 and 1928. 1125.000; in1929, 1930, 1931 and 1932, $150,000. These bonds cannot be called.See V. 76, p. 655. The following amounts are payable annually to a sinkingfund on the San. Fran. 0. & S. J. fly. 2d mtge. bonds: 1915, $10,000;1916, $15,000; 1917, $20,000; 1918, $25,000; 1919. $30,000; 1920, $35,000;1921, $40,000; 1922, $45,000; 1923 to 1925, inclusive, $50,000; 1926 and1927, $60,000; 1928 to 1932, inclusive, $75,000. These bonds are notsubject to call.ROAD -Consists of 534 miles (double track) from a pier-head at Emery-
ville through Oakland to Piedmont and another line 6.79 miles (doubletrack) running from pier-head to Berkeley: also 1 A miles from Emeryvilleto 55th St. Oakland; also 1 % miles from 55th St., Oakland, to Claremont.Total about 30 miles of single track. Five large ferryboats are used toconnect the road with San Francisco. Contemplates constructing a linefrom San Francisco to San Jose.REPORT.-For year ending Dec. 31 1909 of the San Francisco Oakland
& San Jose fly.: Gross, $1,001,802; net, $504,912; fixed charges, $225,301;surplus, $279,611, In 1908, gross, $901,110; net, $455,393; fixed charges$259,598; surplus, $195,795OFFICERS.-Pres., E. A. Heron; V.-P., H. Wadsworth;
Sec., S. J
Taylor; Treas., F. C. Havens; V.-P. and Mgr. IV. F. Kelly; Asst. SecF. IV Frost; Asst. Her., J. Q. Brown* Traffic Mgr., W. R. Alberg-V. 86, p. 722, 1285; IV. 87, p. 98; V. 91, p. 155
UNITED RAILWAYS INVESTMENT CO.ORGANIZATION.-Incorporated in New Jersey Feb. 18 1902. In
Sept. 1906 filed an amendment to its charter changing its name from UnitedRailways Inv. Co. of San Francisco to its present title. V. 83. p. 689.Owned all the capital stock of the United Railroads of San Fran., but in 1909exchanged $9,997,500 of the common for stock of The Railroads & PowerDev. Co., which is now held by Investment Co. The RRs. & PowerDev. Co. in turn exchanged this com. for stock of San Francisco Elec. Rys.In Jan. 1906 authorized common stock was increased from $10,000,000
to $25,000,000, $4,000,000 being set aside for sale to officers, directors, &c.See V. 82, p. 282. In May 1909 (V. 88, p. 1129, 1314) authorized pref.stock was increased from $15,000,000 to $25,000,000, and $1,000,000 of theadditional amount, together with $1,000,000 common, was exchanged forstock of The Railroads ec Power Devel. Co., which is now held by the UnitedRys. Investment Co.: the RRs. & Pow. Devel. Co. in turn exchanged theabove corn. & pref, of the Invest. Co. for stock of Sierra & San Fr. Pow. Co.
In June 1908 issued $3,500,000 notes (shown below) for purpose ofacquiring the remaining 83,500,000 1st pref. stock of United Railroads ofSan Francisco ($1,500,000 having been already acquired). See V. 86,p. 920. Some of these notes have since been paid off. V. 91, ro• 398.On May 6 1910 shareholders approved a plan (V. 90, p. 1103) to increase
common stock from $25,000.000 to $31,000,000 and to issue $6,000,000 6%bonds, convertible Into common stock at par, and also authorized directorsto utilize a portion of unissued pref. stock to adjust arrears of dividendsaccrued or to accrue on outstanding pref. up to and including Oct. 1 1911.V. 90, p. 1103, 1240, 1297.
Acquisition of PhiladetphlaCompany.-In Feb. 1906 acquired $21,000,000of the $30,000,000 common stock of the Philadelphia Co. of Pittsburgh,giving $37 50 in new coll, trust bonds and $20 in common stock of the In-vestment Co. for each $50 share of the Philadelphia Co. See V. 82, p. 393,988. For statement made in listing these bonds on the Philadelphia StockExchange, see V. 83, p. 1235. In April 1907 issued $2,400,000 more of itsbonds for stock of the Phila. Co.. bringing the total acquired to $24,200,000.In Oct. 1902 both common and preferred stocks were listed on the New
York Stock Exchange. V. 75, p. 795.In 1909 acquired The Railroads & Power Development Co., which is a
holding company for the San Francisco Elec. Rys. and the Sierra & SanFrancisco Power Co. V. 89, p. 287, 529, 847.STOCK.- Date. Interest. Outstanding. Last Div.
Common $31 000,000 ($100) _ _ $20,400,000 Pref 5% cum from Apr 1 1902 16.000,000 Jan '07, 234.
$25,000,000 ($100) J in scrip1st lien collateral trust mtge 1906 5 g 18,150,000 May 1 1926$20,250,000 gold ($1,000) Int. at Guar. Trust & Safe Dep. Co., Philasinking fund 0) or N. Y. Trust Co., N. Y.. Trustee.
Notes $3,500,000 1908 6% 2,700,000 1911-1917Bonds.-The coll, trust bonds are secured by deposit of all acquired com-
mon stock of the Philadelphia Co. They are subject to call on any interestdate at 105 and interest. A sinking fund of 1 % per annum of bonds out-standing commences May 1 1911, said fund to be invested in the bonds atnot more than 105 and interest. Authorized amount of bonds may beincreased for purchase of additional shares of corn. stock of Phila. Co. Bondsare listed on N. Y. & Phila. Stock Exchanges. V. 90, p. 169, 172.The notes of 1908 are secured by entire $5,000,000 1st pref. stock of
United Railroads of San Francisco and mature $200,000 semi-annually.$200,000 has been paid s.-a. from Feb. 15 1909 to and incl. Aug. 15 1910.
Stock .-The preferred stock can be retired at 110.Dividends.-FIrst div., 134 % on pref. stock, paid Jan. 3 1903; 13i %
July '03; in Jan. '04, 134%' July, 1 %; in '05, 4%; in '06 Jan. 234 % (V.81, p. 1667); April, 4 %-owing to the earthquake and tire, this dividendwas paid in interest-bearing scrip instead of cash. V. 82, p. 988. In July1906 another scrip dividend of 2 A % paid (V. 82, p. 1381), and in Jan '07another of the same amount; July '07 dividend passed altogether. V. 84,p. 1429. None since.
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OCT., 19101 ELECTRIC RAILWAYS 107
REPORT FOR CALENDAR YEARS.-Calendar Divs. Rec'd Other Total Interest on Balance.Year- on Stocks. Income. Expenses. Bonds, &c. Surplus.1009 $1,802,672 $28,013 $64,4211908 1,452,672 106,118 50,586
$1,253,914 $512,3501,243,159 265,045
OFFICERS.-Pres., Ernst Thalmann, N. Y. V.-Ps., Geo. W. Bacon,S. H. March and Martin Kublerschky, N. Y.; Sec. and Asst. Treas., W. J.Duane, N. Y.; Treas., B. S. Guinness, N. Y.; Asst. Sec. and Asst. Treas.,M. V. R. Weyant.-V. 89, P. 287, 349, 529, 847; V. 90, p. 169, 172, 378,1103, 1240, 1297, 1360, 1367, 1556; V. 91, p. 398.
(1) The Railroads & Power Development Co.ORGANIZATION.-Incorporated In Maine on June 9 1909 with nominal
($1,000) capital stock, which has since been increased to $6,000,000 ($100),of which $5,501,000 is outstanding. All stock (except directors' shares) isheld by United Rys. Invest. Co. (V.88, p. 1314, 1129). Owns all the stock(except directors' shares) of the San Francisco Elec. Rys. and the Sierra& San Francisco Power Co.OFFICERS.-Pres., Martin Kublerschicy; V.-P., C. L. Atterbury; Sec.
& Treas., P. M. Hoskins.-V. 88, p. 529, 847; V. 90, p. 1364.
(a) San Francisco Electric Railways.Lease.-In 1910 road was leased to the United 1112s. of San Fran. Lease
provides for all charges, incl. Int. and sink, fund on bonds. Lessee guar.prin. and int. of first $1,336,000 of 1st mtge. bonds. V. 91, p. 464.
• ORGANIZATION.-Incorporated in 1909 for purpose of acquiring andoperating other street railways In San Francisco. V. 88, p. 1129, 1314.Stock is held by the Railroads & Power Devel. Co. In July 1909 acquiredthe Parkside Elec. By. Co. (V. 89, p. 287) and also the projected VisitacionValley Electric RR. V. 89, p. 529. Owns $9,997,500 common stock ofUnited RRs. of San Fran.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
gu p & I by U flits of S _ Union Trust Co, San Francisco, trustee.-V. 89, p. 287, 529; V. 91, p. 464.
) Sierra & San Francisco Power Co.ORGANIZATION.-Incorporated in California on May 29 1909 and on
Sept. 1 1909 took over the Stanisiaus Elec. Pow. Co. and the TuolumneWater Power Co., both foreclosed per plan in V. 88, p. 235, 569, 1005, 1066.Company also leases steam power plants of the United RRs. of San Fran.Stock is owned by The Railroads & Power Development Co. has contractextending to 1953 with the United Bits. of San Fran. to supply power tothat company
In 1910 reclassified its bonded debt as given below. V. 91, p. 342.STOCK AND BONDS- Dale. Interest. Outstanding. Maturity.
Stock, $20,000,000 ($100)- $20,000,000 First mortgage, $30,000.0001 1909 5 F-A 6,500,000 Aug. 1 1949
g ($1,000) hrlUnited States Mtge. & Tr. CO., N. Y. Trus.2d tntge Ser A & B $9,500,0001 1909 5-6 J-J 7,500,000 Jan 1 1949($1,000) ca f Knickerbocker Trust . Y., Trustee.Bonds.-First mtge. bonds are subject to call on any
Co.,int. date at 110 and
int. Of the remaining bonds, $1,000,000 may be issued forthwith for addi-tions and extensions and the balance at 80% of cost of extensions and addi-tions, provided net earnings for previous 12 mos. shall equal twice Int.charge on all outstanding bonds, Incl. those to be issued, Int. payable inN. Y. V. 91, p. 157. Second mtge. consists of Series "A", 51,000,000 at6%, all outstanding, and Series "B," $8,500,000 auth., at 5%, of which$6,500,000 Is out
Property.-Owns and operates water-power properties near San Franciscoand a supplementary steam station in that city, which will have a combinedcapacity as completed during 1910 of 68,500 h. p. Also leases for 44 yearsan additional steam plant in San Francisco of 4,250 h. p. capacity.OFFICERS.-Pres., G. W. Bacon; Acting V.-P. C. N. Black; Sec. and
Treas., W. B. Brockway.-V. 89, p. 849, 1416; V. 91, p. 157, 218, 342.---
UNITED RAILROADS OF SAN FRANCISCO.-Trolley. (See Map onpage 106.)
Incorporated In California on March 4 1902 and charter amended March29 1902. Has acquired the following stocks.
Name of Company-Market Street Railway CoSutter Street Railway CoSutro Railroad Co_San Fran. & San Mateo Electric By. Co
Shares ParAcquired. Value.
186,025.27 $100 19,888 100 22,946 10
10,000 100
238,859.27On March 5 1009 filed a certificate of decrease in common stock from
$20,000,000 to $18,800,000, the United By. Investment Co. havingsurrendered 12,000 shares for cancellation. V. 88, p. 1314.The San Fran. F,lee. Rys, has acquired $9,997,500 of corn. stock of
Un. RR. of S. F. All the rest of the share capital, corn. and pref., is heldby the Un. Itys. Invest. Co.
United Mts. of San Fran. In 1910 leased the San Fran. Elec. Rys. Seethat company above and V. 91, p. 465.STOCK AND BONDS. Date. Interest. Outstanding. Maturity,
Pref 4% cum $20,000 4 J-D $18,000,0001Uch'06 1.5%Common $18,800,000 20,000,000 Dec '06, 2%
1st pref 7% cum $5,000,000__ 1907 5,000 ,000Aug15'10,3Sinking fund gold bonds $35,- 1902 4 g A-0 25,409,000 April 1 1927
275,000 ($1,000) c• Interest at company's °MO, or in ew York.Union Trust Co., San Francisco, Trustee.
Redeemable after 5 years at par. 19161906Notes $1,000,000 5 See text
Equip trust certfs, $400,000 1910 6 J-J 15 400,000 See textgold, guar prin & int t Union Trust Co., N. Y., trustee.
Market St Cable Ry Mtgel 1882 6 g J-J 3,000,000 Jan 1 1913($1,000) gold cj
Omnibus Cable Co 1st Mtge__ 1888 6 A-0 2,000,000 April 2 1918Park & Cliff House 1st Mtge__ 1887 6 J-J 350,000 Jan 1 1913Powell Street 1st Mtge 1887 6 M-S 700,000 Mch 1 1912
-Park & Ocean 1st Mtge 1884 6 JJ 250,000 Jan 1 1014Ferries & Cliff House Mtge_ __ _ 1889 6 MS 650,000 Mch 1 1914Market Street By consol Mtge} 1894 5 g M-S 6,041,000 Sept 11924$17,500,000 gold
Interest is payable at Treasurer's office ,San Francisco.Sutter Street 1st Mtge goldl 1888 5 M-N 1,000,000 May 1 1918($1,000) JCal. Title Ins. & Tr. Co., an Fran., Trustee.Bonds.-01 the $35,275,000 sinking fund gold 4s, $9,866,000 are reserved
to retire underlying liens (the other $4,725,000 needed for that purpose be-ing provided by the operation of the sink. funds). A sink, fund equal to2 % of the entire gross earnings, but not less than $100,000 a year, beganJan. 11905. All the income above 5% on the common must also be appliedto a sink, fund or for improvements. V. 74, p. 529, 630. Through opera-tion of sink. fund, $1,243,000 bonds have been purchased and are held bytrustee; these bonds are included In amounts given above as outstanding.Bonds were listed on the New York Stock Exchange in March 1903. V. 76.p. 1036. Equip. trust ccrtfs. mature $50,000 annually from July 15 1911to July 15 1918 incl., without option of prior redemption. They are guar.,prin, and int., by United Rys. Investment Co. They are secured on 80standard P-A-Y-E cars. V. 90. p. 1556. Prior lien bonds subject to call.The bonds of Market Street By. Issue are subject to operation of sinkingfund after Sept. 1 1918; and Sutter Street By. 1st mtge. 5s are subject tocall after May 1 1908 at rate of $50,000 per annum, in numerical order, be-ginning with bond No. 1. The notes in table above were issued to reim-burse the company in part for improvements since 1902.Dividends.-On 4% pref., in 1902, Dec., 1,2%; in 1903, June, 1.2%;
Dec., 1.2%; in 1904. June, 1.5%; Dec., 1.5%; in 1905, June, 1.8%; Dec.,2%. In 1906, Mch., 3.6% (in full of all deferred dividends in arrears toSept. 30 1905); Dec., 2% (paid in dividend ctfs.) None since. On 7%pref 1st city., 3 ;i% , paid Feb. 1909 and Aug. 1909. In 1910, 7%. Oncorn , 1st dIv., 1.5%, Mch. 1906 (halt paid in cash and half in (liv. ctfs.)
Earthquake and Fire.-For damage done by the earthquake and tire inApril 1906. see V. 82, p. 930, 988. Later in the year the company sufferedIrwin a strike of Is employees. See V. 83, p. 493, 563. In March 1907 employees again went on strike, and this strike lasted for six months-seeann,i1 reonn, V. 86 0. 1211.REPORT.-For year ending Dec. 31 1909, gross, $7,455,965; net, $3,-
213,316; other income, $174,126; charges, $2,982,970; surplus, $404,472;in 1908, gross, $6,866,303; net, $2,623,552; other income, $123,272; charges,$2,773,813; deficit, $26.989.ROAD.-Controls and operates 258.41 miles of track. Before the earth-
quake and fire in 1906, a part of the mileage consisted of cable lines, butthis has since been changed to overhead trolley, and practically the wholesystem is now operated by electricity.
FRANCHISES.--In a report by Haskins & Sells, accountants, It wasstated "that out of the total original mileage of 228.95 miles, the franchisesfor 11.5431 miles only expire prior to 1929; all others between that yearand 1952."OFFICERS.-Chairman of Board, Chas, Holbrook; Pres., Patrick Cal-
houn; Asst. to Pres., Thornwell Mullally; V.-P. and Gen. Mgr., Charles N.Black; Sec. and Comptroller, Geo, B. Wilicutt; Treas., Geo. E. Starr.-V. 84, n. 104, 392, 572, 1115; V. 85, p. 100; V. 86, p. 920; V. 88, p. 232, 453.1255, 1314, 1622; V. 89, p. 529, 847; V. 90, p. 504, 1364, 1556; V. 91, p. 338.465
PRESIDIO & FERRIES RAILROAD.-Trolley.ORGANIZATION.-Chartered Jan, 6 1882. Made offer to sell road to
city in 1903, but proposition declined by City Council.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock (par $100) 110,000 shares.), See text.1 $55 paid in. I
First mtge $300,000 g ($1,-1 1909 5 g J-D $10,000 See text000), sinking fund_ _ _ _c&r),Int. at Union Trust Co., San Fran., trustee.Bonds.-Bonds of 1909 take the place of old 1st mtge., which was can-
celed. Bonds mature June 3 yearly as follows: $65,000 in 1910 (whichwere paid off), 575,000 in 1911 and 1912 and $85,000 in 1913.ROAD.-In Sept. 1906 Board of Supervisors granted permission to con-
vert road to overhead trolley, which is now completed. 7.63 miles.DIVIDENDS of 20 cents per share were being paid monthly up to the
time of the ereat fire. None since.OFFICERS.-Pres., G. A. Newhall; V.-P., H. M. A. Miller; Sec., John
B. Leighton; Treas., IV. J. Dutton. Office, corner Union and Sharpstreets, San Francisco.-V. 81, p. 265, 1175; V. 83. p. 688' V. 87, p. 1238: V.88. p. 1002; V. 89, p. 349.
NORTHERN ELECTRIC RY.ORGANIZATION.-_neorporated In California Sept. 19 1907 and ac-
quired the entire properties of the Northern Electric Company (incorp. inNevada) and Shasta Southern By. Co. In 1906 Northern Electric Companyfranchises were said to be for not less than 50 years.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
None Common $15,000,000 ($100). -Pref$10,000,000 ($100)5% n-c $5,000,000 Northern Elec Co M 86,000.-) 1905 5 g A-0 3,787,000 Oct 1 1955000 g ($1.000) sink fund__ f Int. at Mercantile Tr. Co.. San Fran.,Trustee
Northern Elec Ry 1st & cons), 1907 5 g J-D 4,029,000 Dec 1 1947mtge $25,000,000 gold_ _ __JInt. at Mercantile Tr. Co., San Fran., trusteeBonds.-Of the Northern Electric fly. bonds $3,787,000 are reserved to
retire a like amount of Northern Electric Co.'s 5s. They are subject to callon 60 days' notice at 110. Sinking fund 1918 to 1927 %% of issued bondsper annum; 1928 to 1937, 1%; 1938 to 1947, 1 3j %. Northern Electric Co.bonds can be called on Aprli 1 1914 or any int. date thereafter at 110;Practically all of the outstanding bonds are in possession of NorthernElectric Railway.EARNINGS.-For year ending June 30 1910, gross, $512,992; net
$170,426.ROAD.-Operates 136 miles of track between Chico, Oroville, Yuba
City, Marysville and Sacramento, with a branch from Chico to Hamilton.Is constructing bridge across Sacramento River with view of building toWoodland. Standard gauge. 60-lb. T rail.OFFICERS.-Pres., E. It. Lilienthal; Sec. and Treas., Norman Logan.
San Francisco.-V. 85, p. 865; V. 86, p. 169.
PENINSULAR RAILWAY.ORGANIZATION.-Incorporated in California June 30 1909 as a con-
solidation of various electric railways in which the Southern Pacific is inter-ested, namely the Peninsular RR. Co., Santa Clara Interurban By. (V. 83.p. 380; V. 87, p. 545) and the San Jose-Los Gatos Interurban By. (V. 76.p. 1409; V. 89, p. 104). Will comprise all the present and contemplatedrailway systems on the San Francisco peninsula, and from that city to SanJose and vicinity, including those in intermediate towns.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, 812,000,000 ($100)_ $12,000,000 San Jose-Los Gatos Inter. is% 1903 5 M-N 21 500,000 May 21 1923
mortgage, $2,000,000c Central Trust Co., San Francisco, Trustee.ROAD.-Operates about 5 miles of track between San Jose, Saratoga,
Los Gatos, Campbell, Cupertino, Monta Vista and Palo-Alto, all in Santa.Clara County. Standard gauge. 60 and 70-lb. mostly T rail. An ex-tension between Palo Alto and San Francisco Is proposed.OFFICERS.-Pres., J. T. Burke, Berkeley, Cal.; V.-P., and Gen. Mgr.,
F. E. Chapin, San Jose; Sec., Gerald Fitzgerald, San Francisco; Aud., C. E.Newman.-V. 89, p. 104.
SAN JOSE, CAL.SAN JOSE RAILROADS.-A trolley road.ORGANIZATION.-Incorp. In Calif. Dec. 22 1909 as successor to San
Jose Fly. Co. V. 90, p. 1297.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock, $5,000,000 ($100) $5,000,000 1st mtge. $1,500,000 gold' 1910 5 g J-J None 1955($1,000) sinking fund __lint. at Mercantile Trust
Co.. S. F. trustee.
Bonds.-lst mtge. bonds of 1910 have a sink, fund from Jan. 1 1915.ROAD.-Owns and operates 17 miles of track in and about San Jose.OFFICERS.-Pres. and Treas., L. E. Hanchett; Sec., S. S. Baldwin.
Office, San Jose, Cal.-V. 90, p. 1297
SANTA CRUZ, CAL.COAST COUNTIES LIGHT & POWER CO. ORGANIZATION.-Owns the properties of the Watsonville Light &
Power Co., the Watsonville Gas Co., the Santa Cruz Gas & Elec. Light Co.and the Co-operative Elec. Co. of Santa Cruz. In Aug. 1900 acquired con-trol of the Union Trac. Co. of Santa Cruz, which see below. V. 83, p. 437.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $1,500,000 ($100)- $1,500,000 1st mortgage, $1,000,000,1 1906 5 g F-A 1,000.000 Aug 1 1946
gold ($1,000) lint at Mercantile Tr. Co., San Fran., True.OFFICERS.-Pres.,John Martin, San Francisco; Sec , Treas. and Gen.
Mgr., F. E. Fitzpatric1((1) Union Traction Company.-A trolley road.In August 1906 control was acquired by the Coast Counties Light &
Power Co. V. 83. p. 437ORGANIZATION.-Incorporated in California in October 1904 and is
a consolidation of the Santa Cruz Electric By. and the Santa Cruz Capitols& Watsonville By.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $750,000 ($100) _ $750,000 1st mortgage, $750,000, gold), 1905 644.000 Feb 1 193$($1,000) c&rjInt. at Union Tr. Co. San Fran.. Trustee.Bonds.-Sinking fund from 1910 till 1915 of 34 % of bonds out, from 1915
to 1920 1 % of bonds out and from 1920 to maturity 2 % of bonds out; saidfund to be used to redeem the bonds. Are subject to call at 110 and int.$106.000 bonds are reserved for betterments and extensions.ROAD.-Operates 13 miles of track in Santa Cruz and to Capitols.
Standard gauge; 40 and 50-1b. rall.-V. 82, p. 1440; V. 83, p. 437.
SAVANNAH, GA.SAVANNAH ELECTRIC CO.-A trolley system.
ORGANIZATION.-Incorporated in Georgia in Dec. 1901 as a consoli-dation of the City & Suburban By., the Savannah Thunderbolt & Isle ofHope Ry.. Savannah & Isle of Hope By. and the Edison Electric Illuminat-ing Co., comprising the entire street railway and practically the entireelectric-lighting service of the city. Franchises for both street railways andelectric-lighting plant are reported perpetual. Bonds and stock were inJuly 1902 listed on the Boston Stock Exchange.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Common $2,500,000 ($100)_ $2,500,000Pf $1,000,000 6 % n c ($100) _ _ ____ 6 A-0 1,000,000 Oct '07.3 %ist cons mtge $3,506,000 goldl 1902 5 g J-J 2,051.000 Jan. 1 1952($1,000 and $500) ' 'Int. at Amer. Trust Co. Boston, Trustee.
Say Thun & Isle of H 1st M1 1897 4 cur J-J 1:000,000 July 1 1947g ($1,000) $1,250.00001Central Trust Co New York, Trustee.
Notes payable July 31 19-10 350.000 Bonds.-Ot the Savannah Electric Co. new mortgage, $1,000,000 are re-
served to retire a like amount of bonds of the Savannah Thunderbolt & Isleof Hope By. Bonds can be called as a whole at 110 and accrued interest onany interest date. The company binds itself to apply at least $20,000 per
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108 ELECTRIC RAILWAYS jVOL. Lxxxxi.
annum, beginning 1906, toward improvements or extensions, or in the pur-chase of bonds. The City & Suburban Hy. has outstanding $250,000 of 6 %bonds (a first mtge. for $200,000 and a second mtge. for $50,000), againstwhich there has been deposited sufficient security for the payment of theprincipal and interest on said bonds. They are therefore omitted from theabove table. The remainder unissued of the Say. Elec. bonds may be usedfor new construction and equipment, at rate of $1,000 bonds for $1,250 incash spent. The mtge. of the Savannah Thunderbolt & Isle of Hope By.Is for $1,250,000, but $250,000 of the bonds have been retired.
Stock.-The 6% preferred stock is subject to call at 120 at any time.Dividends.-On pref. stock 1902 to 1907 inclusive, 6% per annum paid.
None since to June 1910.REPORT.-01 the combined properties for the year ending Dec. 31
1909, gross, $603,814; net, $211,463: int. and taxes, $189,693; improv.fund, $20,000; surplus, $1,770. In 1908, gross, $505,819; net, $206,989;int. and taxes, $186,615; impr't fund, $20,000; surplus, $374.ROAD.-Operates 57.2 miles of track in Savannah and vicinity. Gauge.
5 ft. Operates 136 cars.OFFICERS.-Pres., Geo. J. Baldwin; V.-P., Chas. F. Wallace; Tress.,
Henry B. Sawyer; Sec., Gordon C. Carson; Mgr., Marcy L. Sperry; Gen'Mgrs. and Transfer Agents, Stone & Webster, Boston.-V. 86, p. 920.
SCRANTON, MISS,PASCAGOULA STREET RY. & POWER CO.-A trolley road.ORGANIZATION.-Incorporated in Mississippi in Jan. 1903.STOCK AND BO- te. tstanding. Maturity.
Stock $500,000 ($100)----------------------$500,000 1st mortgage $350,000 gold 1904 5 g J-J 350,000 Jan 1 1929($1,000) cf Int. at Columbia Tr. Co., Louisv., Trustee.Bonds.-No sinking fund and bonds are not subject to call.EARNINGS.-For calendar year 1909, gross, $106,050; net, $25,393;
interest, &c., $18,295; surplus, $7,098.ROAD.-Operates 9.7 miles in Pascagoula. Scranton, East Side and
Moss Point. Standard gauge. 50-lb. rail.OFFICERS.-Pres., Chas. T. Ballard, Louisville; V.-P. and Gen. Mgr.,
S. S. Bush, Louisville; Sec., J. D. Winston; Treas., Columbia Trust Co.,Louisville; Supt., R. A. Bowers, Scranton.-V. 82, p. 569.
SCRANTON, PA.LACKAWANNA & WYOMING VALLEY RAPID TRANSIT.-A third
rail road.For statement of this company see "Electric By. Sec." of June 25 1910
SEATTLE, WASH,PACIFIC COAST POWER CO.ORGANIZATION.-Organ. in Washington in 1908 and acquired from
Seattle Electric Co. all lands and water-power privileges on White Riverowned by Tacoma Industrial Co. (which latter company had been acquiredby the Puget Sound Power Co., a subsidiary of the Seattle Electric Co.).and lands on the Nisqually River; also acquired all lands and water-powerprivileges on the White River belonging to Seattle-Tacoma Power Co.See V. 87, p. 38. Owns over 66% of corn. stock of Seattle Elec. Co. andover 72% of corn. stock of Seattle-Tacoma Power Co.On March 28 1910 stockholders voted to increase the capital stock from
$7,000,000, all one class, to $10,500,000, new shares to consist of $1,500,000pref. and $2,000,000 corn. See V. 90, p. 977. Stockholders of recordMarch 28 1910 were offered the right to subscribe on or before May 2 1910for $674,800 new com. and$674,800 new pref., on the basis of "$100 per sharefor one share of said pref. and one share of said corn., either or both." Sub-scriptions are payable $25 each May 2, July 16, Oct. 16 1910 and $25 Jan. 161911. V. 90, p. 977.
$700,000 stock of Pacific Coast Power Co. Is held by the Public ServiceInvestment Co.STOCK AND BONDS- Dale. Interest. Outstanding. Maturity.
First mortgage $10,000,0001 1910 5 MS 2,000,000 Mch 1 1940gold ($1,000) c• &r_ _ Int. at Harris Tr. & Say. Bk., Chic., trustee,
or at N. W. Harris & Co., N. Y. or Boston.Bonds.-The remaining bonds are reserved for acquisitions, construction,
&c., under certain restrictions. $4,125,400 Seattle Elec. Co. corn. and$1,637,400 Seattle-Tacoma Power Co. corn. are deposited as additionalsecurity for the bonds. Redeemable at 105 and int. on March 1 1915 orany int. date thereafter. See V. 90, p. 1102.
Dividends.-On corn. 1st div., 2%, paid July 16 1908; in 1909, 4%; in1910, Jan., 2)%; July, 2 M%.OFFICERS.-Pres., Guy E. Tripp; V.-Ps., F. S. Pratt and W. J.
Grambs; Treas., Henry B. Sawyer; Sec., Alvah K. Todd; Transfer Agents,Stone & Webster, Boston.-,-V. 86, p. 1592; V. 87, p. 38; V. 90, p. 111, 977.1102. 1425.
(1) The Seattle Electric Co.-A trolley road.Control was acquired by Pacific Coast Power Co. In 1908. See V. 87,p.39.ORGANIZATION.-This company, which was incorporated in the State
of Washington on Jan. 3 1900, Is a consolidation of nearly all the street rys.(all except one small road) and electric-light interests in and around the cityof Seattle. In 1900 was granted a 35-year franchise over all its lines, butmust sell 25 tickets for $1. Lighting franchise expires In 1952. In Feb. 1901the 1st mtge. bonds were listed on the Boston Stock Exchange. $83,400corn, stock is held by the Public Service Invest. Co. Guarantees the SeattleBy. Co. and the Puget Sound Power Co. bonds, principal and interest.Owns the capital stock of the Puget Sound Power Co. and the Seattle-
Everett Traction Co.; latter company owns capital stock of the PugetSound International Railway & Power Co., which leases the Everett Rail-way, Light & Water Co. The following companies have been acquired:Seattle Traction Co. Third Street & Suburban Ry. Co.West St. & North End Electric By. Union Electric Co.Madison Street Cable By. Co. Burke Block Lighting Plant.Union Trunk Line. First Avenue Cable By.Consumers' Electric Co. Grant Street Electric By.Green Lake Electric By. James Street Construction Co.North Seattle Cable By. The Seattle Railway Co.Seattle Steam Heat & Power Co. Seattle Central Railway Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $7,500,000 ($100) - - _-_- Q-J15 $6,426,300 Oct 15'1O,1 3jPref., $5,000,000($100)6%n-c. ___ 6 A-0 5,000,000 Oct. '10. 3%First mortgage, $5,000,0001 1900 5 g F-A 5,000,000 Feb. 1 193($1,000) gold c•1 Int. at Boston Safe Dep. & Tr. Co., Truste
Coupon notes, $1,000,000,1 1906 5 g F-A 1,000,000 Feb. 1 1911gold ci Interest at City Trust Co.. Boston, Trustee.
Consol & ref mtge. $25.000,-j 1907 5 g F-A 4,693,000 Aug 1 1929000 ($1,000), gold ___c*&r Old Colony Trust Co.. Boston, Trustee.
Bills payable July 31 1910----------------------256,697 Bonds.-The mortgages on most of the consolidated companies have been
discharged, and companies turned over to the Seattle Electric Co. outright:the others are operated by the Electric Co. as owner of practically all of thestock and bonds. Sinking fund-on 1st mtge. of 1 % of the entire amountof the bonds outstanding-Is payable yearly and $574,000 bonds were heldby the trustee May 1910, can be called as a whole on any Int. date at 110and interest. The consol. and ref. mtge. bonds can be called in amountsnot less than $500,000 (and in smaller amounts for sinking fund purposes,at 105 and int on any int, day beginning Aug. 1 1912; of the bonds thusfar issued .$1,500,000 are convertible at option of holder into common stockat $110 per share prior to Aug. 1 1912-$307,000 has been so converted-$9,249,000 are reserved to retire prior liens, and remainder for future exten-sions and improvements at 80% of cost, if net for immediately precedingyear shall be 1 M times the annual int. charges upon all the company'sfunded debt. Sink. fd. of 1% per annum started Oct. 11909; $50,000 wereheld by trustee for s. f. May 1910. V. 85, p. 222. The notes are subject tocall on any int. date in whole or in part at 102;4 and int.; notes are equallysecured with the consolidated and refunding mortgage bonds. Seattle-Everett bonds are a direct obligation of the Seattle Electric Co., andbesides being a 1st mtge. on the Seattle-Everett Traction are additionallysecured by the pledge of the entire Issue ($200,000) of stock of the PugetSound International BY. ev Power Co. and $400,000 consol. mtge. bondsof the Everett By.. Light & Water Co. The remaining $3,400,000 can onlybe Issued under certain restrictions. A sinking fund of 1% on amount ofbonds out begins Mch. 11914. Bonds are callable as a whole or for sinkingfund at 105 and accrued interest on or after Mch 11914. See V. 88. p. 1082for full description of bonds. .-
Stock.-Preferred stock is redeemable at 120.Dividends.--First dividend of 1 M% on pref. stock was paid April 1901.
Dividends changed to half-yearly, and 3% paid Oct. 1 1901, 1902 to 1910,.Incl., 6% per annum. On common, first dividend, 2 M% , paid July 1908;.In 1909, Jan., 28%%; July, 3%. Dividends increased and changed to,quarterly and 1 M % paid from Oct. 1909 to Oct. 1910, Incl.REPORT.-For years ending Dec. 31:
• After taxes.ROAD.-Owns and operates 181.7 miles of single track, of which 13.5-
are operated by cable. Rails, mostly 80-lb. T rail in paved streets and 60to 72 lbs. elsewhere. Gauge, 3 feet (cable), 3 feet 6 Inches (cable) and4 ft. 8 M in, (electric). Owns 459 pass. cars and 69 mtscell's. Owns 3 parks.OFFICERS.-Pres., Jacob Furth; Treas., Henry B. Sawyer; Sec., Alvah.
K. Todd; Mgr., Edward Potter; Gen. Mgrs. and Transfer Agents, Stone dcWebster, Boston, Mass.-V. 85, p. 222; V. 86, p. 1286; V. 87, p. 38, 814;V. 88, p. 565, 1062; V. 89, p. 412; V. 90, p. 1106.(a) Seattle Railway Co.-A cable road.ORGANIZATION.-This was the Seattle City Ry., which, together with
Leschl Park, was purchased at foreclosure on Sept. 21 1901. In Oct. 1901was re-incorporated in Washington under the above title.STOCK AND BONDS- Date, Interest. Outstanding. Maturity
Stock, $500,000 ($100) First mortgage, $500,000, gi 1901 5 g M-N
$550000:00000 0 Nov. 1 1921
($1,000) guar p & I c•lInt. at Boston Safe Dep. & Tr. Co., Bost.,Tr.Bonds.-Sinking fund is 1% of bonds certified: in July 1909 $38,000 were
held in sinking fund; bonds can be called as a whole (or in part for s. f.) at110 and interest on two weeks' notice.ROAD.-Owns about 5 miles of cable road in Seattle, known as the
Yesler Avenue and Jackson Street lines. V. 73, p. 1062.
(b) Puget Sound Power Co.ORGANIZATION.-Incorporated in Washington in 1902 and is successor
to the Pierce County Improvement Co. Took over the Tacoma IndustrialCo., which company was incorporated in Washington in 1902. and acquiredvaluable lands and water-power privileges on the White River near Seattle,but these lands and water-power privileges were in 1908 sold to the Pacific-Coast Power Co. V. 87, p. 38. Sells power to the Seattle Electric Cos.and the Puget Sound Electric By.STOCK AND BONDS- Date, Interest. Outstanding, Maturity.
Stock, $3,000,000 ($100) _ $1,000,000 First mortgage, $4,000,000,1 1903 5 g J-D 3,152,000 Junel 1933.
gold ($1,000) guar c•lInt. at Old Colony Trust Co., Boston, Trus.Bonds.-Both principal and int , as well as sinking fund payments, are
guaranteed by the Seattle Electric Co. Can be exchanged for Seattle Elec.corn. consol. and ref. 5 % bonds, par for par. A sinking fund of 1 % perannum of bonds outstanding commenced Mch. 1 1906, which is to be in-vested in the bonds at not more than 110 and Interest; $161,000 retired up to-July 1910. If bonds cannot be bought at that price, they may be drawnby lot for redemption. Entire issue is subject to call on any interest dateupon 70 days' notice at 110 and interest.PLANT.-Operates a power plant at Electron, In Pierce County, on the
Puyallup River. Capacity 14,000 k. w.OFFICERS.-Pres., Chas. F. Wallace; V.-P., Hugh A. Tait; Sec.,
Leslie R. Grant; Treas., Henry B. Sawyer; Gen. Mgrs., Stone & Webster.Boston.-V. 77. p. 454.(2) Seattle-Tacoma Power Co.ORGANIZATION.-Is a consolidation of Snoqualmie Falls Power Co.,
Seattle Cataract Co., Tacoma Cataract Co., and acquired White RiverPower Co. Owns a plant for generation of electricity on Snoqualmie Riverand supplies light and power in Seattle and Tacoma. V. 81, p. 781. InP1900w8ersoctod rights and water privileges on White River to Pacific Coast
STOCK AND BONDS Date. Interest. Outstanding. Maturity.Common,
1,250,000 $2,250,000 _ $2,250,000
Preferred, $1,250,000 % _First mortgage $7,500,000____ 1905 5 1,982.00" June 1 1925Snoqualmie Falls Power 1st M 1902 5 232,000 Bonds.-Sufficlent 1st mtge. bonds are reserved to retire Snoqualmie
Falls Power bonds, which are optional at 105 and int. Nov. 1 1909.-V. 81.p. 781; V. 82, p. 1273; V. 89, p. 925; V. 90, p. 1106.
---SEATTLE-EVERETT TRACTION CO.ORGANIZATION.-Stock auth. and outstanding $2,000,000 ($100)
For bonds secured by 1st mtge. on this company's property see SeattleElectric Co. above. Company owns the capital stock of the Puget SoundInternational By. & Power Co. Franchises expire 1950 and 1952.ROAD.-Is building a road of 30 miles between Seattle and Everett, of
which 17 miles north from Seattle is in operation. Expected to be com-pleted in 1910. Standard gauge. 35 passenger and 28 other cars.OFFICERS.-Pres., Guy E. Tripp; V.-Ps., F. S. Pratt and Winthrop K.
Harding; Sec., Alvah K. Todd; Treas., Henry B. Sawyer; Gen. Mgrs..Stone & Webster, Boston.-V. 88, p. 1062.
(1) Puget Sound International Railway & Power Co.ORGANIZATION.-Incorporated in Maine June 5 1907 to own, operate
and develop electric railway, lighting, gas and water power properties inthe Puget Sound district, and build a road between Seattle, Everett andBellingham. Wash. V. 85. p. 723. Stock ($200,000) is all owned by theSeattle-Everett Traction Co. Operates under lease Everett By. & Lt.Water Co. V. 88, p. 1062.OFFICERS.-Pres., Ernest W. Purdy, Bellingham; V.-P., Guy E.
Tripp; Sec., Alvah K. Todd; Treas., Henry B. Sawyer; Gen. Mrgs., Stone& Webster, Boston. V. 87, p. 936; V. 88, p. 1062.(a) Everett Railway. Light & Water Co.Leased.-Road is operated under lease by the Puget Sound International
Ry. & Power Co. for 999 years. Lease requires payment of all fixed chargesand 3% div. on stock in 1909, 4% in 1910 and 5% thereafter. V. 88, p.1061.ORGANIZATION.-Incorporated in Delaware on Feb. 22 1905 and Is a
consolidation of the Everett By. & Elec. Co. and the Everett Water Co.Owns entire electric-railway system of Everett and Lowell, and does greaterportion of electric-lighting business in Everett, Lowell and Marysville.Owns pubic water supply system throughout Everett and Lowell. Rail-way franchises expire 1944 and 1950; lighting franchise expires 1950 andwater franchise 1945.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.AStock, $2,000,000 ($100) $2,000.000 Aug. '09,1-
let mortgage, $2,000,000,1 1905 5 g A-0 675,000 April 1 1925gold ($1,000) cjInt. at Manhattan Tr. Co., N. Y., Trustee
Everett By & Electric 1st) 1901 5 g A-0 825,000 April 1 1921mortgage, $1,000,000, gold }Int. at Manhattan Tr. Co., N. Y., Trustee.
No sinking fund and not subject to call.($1,000) Everett Water Co 1st mtge.) 1901 5 g ,j-„j 500,000 July 1 1921$600,000 ($1,000)_ _c* Int. at Manhattan Tr. Co.. N. Y., Trustee.
lInt. at American TrustConsol. mtge, $4,000,60-0-, g_J 1909 5 F-A 5d )00. :013000s
Boston, trustee.s1t9e4e1.
Bonds.-Of the $2,000,000 mortgage, $1,325,000 are reserved toretire prior liens. No s. f.. but bonds subject to call on any int. date upon60 days' notice at 1073i and interest. Of the $4,000,000 consol. mortgage,the initial issue of $500,000 was pledged under the Seattle-Everett mtge. of1909, $2,000,000 is reserved for prior liens, and the remainder for additionsand improvements. V. 88, p. 1061.ROAD.-Operates 14 miles of track in Everett, including branch to
mLowell and Snohomish, 8.2 miles, leased from the N. P. RR. Co. for 3 yearswith privilege of renewing for 7 years more. Standard gauge; 20 carsOFFICERS.-Pres., J. T. McChesney; V.-Ps., L. S. Duryee and H. P.
Scott; Sec. and Treas., Edward Ci_Mony; Mgr., W. I. Sturtevant, all ofEverett.-V. 80, p. 2219; V.88, p. 1081; V. 89, p. 993.
SEATTLE RENTON & SOUTHERN RY.-TrolleY.In May 1906 control changed hands and new officers elected as below.
See V. 82, p. 1158.ORGANIZATION.-Successor in Feb. 1903 to the Seattle & Renton Ry.,
which latter in 1899 purchased the road and franchises of Seattle & RainierBeach Ry., formerly the Rainier AvenueAElectric R • foreclosed. The
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OCT., 1910.J ELECTRIC RAILWAYS 109
Seattle & Rainier Beach, however, maintains Its corporate existence.Franchises from Seattle to Renton have been extended to Dec. 31 1934.Company has also acquired franchises for same period covering 12 milesadditional track, 9 of which will be in city of Seattle, and in return companypays city 2% of gross receipts until Dec. 31 1919 and 3% thereafter.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Common, $1,000,000 $1,000,000 Preferred, $250,000 _ 250,000 First mortgage, 81:600,0001 1908 5 g M-N 825,000 See text.($1,000 and $500) gold_c* }First Tr. & Say. 13k., Chic., Trus. Int. at
j First Nat. Bk., Chic., & 1st N. B., N. Y.Bonds.-Of the $1,000,000 bond issue of 1908,8500,000 were issued to
retire prior liens and floating indebtedness and $325,000 have been issuedfor new equipment and improvements; $175,000 are reserved for future•extensions and improvementa at 70% of cost and only to be issued uponapproval of Peabody, Houghtcling & Co., who offered the bonds for sale in1908. The first $825,000 mature $30,000 May 1 1913, $40,000 May 1 1914,$50,000 each on May 1 1915, 1916 and 1917, 860.000 yearly each May 11918 to 1923 inclusive, $70,000 May 1 1924; $70,000 May 1 1925; $70,000May 1 1926 and $35,000 May 1 1927. The remaining $175,000, if issued,-will mature $35,000 May 1 1927 and $70,000 each May 1 1928 and 1929.They are subject to call May 1 1913 or any Interest date thereafter at 105and interest. V. 86, p. 1468; V. 89, p. 470.EARNINGS.-For year ending Jan. 31 1910: gross, $242,288; net,
$106,198. In 1908-09, gross, $193,218; net, $78,821.
ROAD.-25 miles of track, from Seattle via Columbia City and Dunlapto Renton. Rails, 56 to 60-lb. T and girder. Standard gauge; 26passenger and 35 freight cars.
OFFICERS.-Pres.. W. H. Crawford; V.-P.. Morris B. Sachs; Sec. andTreas.. Julius F. Hale; Gen. Mgr.. D. Dow Egan.-V. 82, p. 162, 281, 1158.V. 86, p. 1468; V.89. p. 470, 919.
PUGET SOUND ELECTRIC RY.-Third-rail and trolley.ORGANIZATION.-Incorporated in New Jersey on Dec. 5 1902 and
acquired the Seattle-Tacoma Interurban By. Owns the capital stock,all the notes and $264,000 of the bonds of the Tacoma By. & Power Co.Also purchased in 1909 the Pacific Traction Co. of Tacoma. V. 89, p. 349.Private right of way.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
let cons M, $5,500,000, gold 1903 5 g F-A 4,081,000 Feb 1 1932(81,000) c*J Interest at City Trust Co., Boston, Trustee.
Coupon notes, gold, conv.1 1906 5 g F-A 1,000,000 Feb 1 1911$1,000,000 'Interest at City Trust Co., Boston, Trustee.
500,000 Feb 1 1012Coupon notes, gold, conv,i 1907 5 g F-A(Interest at City Trust Co., Boston, Trustee.$1..000,000
Notes payable July 31 1910 760,000 BOndS.-Of the new $5,500,000 mortgage, $1,236,000 are reserved to
retire a like amount of Tacoma By. & Power Co. bonds, and $183,000 hadbeen retired by sink, fund to July 31 1910. The 1903 bonds are subjectto call as a whole on any interest date at 110 and interest. A sinking fundof 1% of bonds certified began Jan. 1 1907. Both the 1907 and 1906notes are callable as a whole or in part on any interest date at 1025i andinterest. Both issues of notes are convertible at option of holder Into pref.stock at par. Preferred stock is redeemable at 110.
Dividends.-First dividend on pref. stock-3%-paid July 2 1906, and3% paid semi-annually since to and including July 1910.EARNINGS.-For year ending Dec. 31 1909, gross, $1,869,096; net.
$618,508; fixed charges, $521,050; sinking fund, $48,998; dividends (6%) onpref., $30,000; surplus, $18,460.ROAD.-Operates a third-rail interurban line from Seattle to Tacoma,
with a branch to Renton. Interurban system, 63.2 miles; Tacoma system,127.5 miles; trackage, 7.5 miles; total, 198.2 miles. Standardgauge. Rails,70-lb. 172 passenger cars, 277 miscellaneous cars, 7 locomotives.OFFICERS.-Pres., Jacob Furth; Treas., Henry B. Sawyer; Sec., Alv
K. Todd; Gen. Mgrs. and Transfer Agents, Stone & Webster, Boston.-V. 82, p. 1269; V. 84, p. 869; V. 87, p. 39; V. 89, p. 349.
(1) Tacoma Railway & Power Co.ORGANIZATION.-Franchises average 35 years from Jan. 1 1005.
Does an electric railway and power business in Tacoma. In Feb. 1910Judge M. L. Clifford of the Superior Court held that company must issuetransfers to the lines of the Pacific Traction. On June 10 1010 JudgeShackleford in the Superior Court sustained tile validity of the ii-cent fareordinance requiring tile company to carry passengers to any point withinthe city limits at the same rate whenever tile city limits are extended.V 90, p. 1678.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $2,000,000 ($100) - $2,000,000 1st mtge. gold ($1,000), EL-) 1899 5 g A-0 1,500,000 April 1 1929500,000 not redeemable be-Interest at Old Colony Trust Company,fore maturity c•J Boston, Trustee.ROAD.-Owns 127.5 miles of track. 35 to 72-lb. rails. Gauge, 4 ft.
8;i in.-V. 85, p. 347; V. 88, p. 1198; V. 90, p. 1678.
(2) Pacific Traction Co.-A trolley road.ORGANIZATION.-Incorporated June 11 1907 in Maine In 1909 road
was acquired by Puget Sound Electric By. V. 89, p. 349. Power is fur-nished company by Seattle-Tacoma Power Co. Franchises expire 1931.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $2,000,000 ($100) $1,250,500 Pre $1,000,000 ($100) n-c_ 250,000 First mortgage $5,000,000 gl 1907 5 g J-J 400,000 July 1 1927($1,000) c. fInterest at City Trust Co., Boston, Trustee.Bonds.-$500,000 were Issued to retire a like amount of old first mortgage
bonds, of which $100,000 in treasury. Remaining bonds reserved for futureadditions and improvements, under restrictions. Subject to call at 105and interest. Sinking fund of 1% of bonds outstanding begins Jan. 1 1914.Bonds are guar., p. & 1., and sinking fund by Puget Sound Electric By.ROAD.-Operates between Tacoma and American Lake, with branches
to South Tacoma and to the State Asylum for tile Insane. Extensions toPoint Defiance are proposed. Standard gauge 60-lb. I.` rail in country;70-lb. 'I' in city.-V. 85, p. 346, 654, 922; V. 88, p. 1438; V. 89, p. 42, 349.
a
SEDALIA, MO.SEDALIA LIGHT & TRACTION CO.Receivership -Default on 1st mtge. bonds having occurred June 1 1010,
on June 6 1910 E. F. Swinney and W. II. Powell were appointed temporaryreceivers. For bondholders' committees, Old Colony Trust Co., Boston,and New York Trust Co., depositaries, see V.90, p. 1555, 1615; V. 91, p.39,519, 717.ORGANIZATION.-Incorporated In Missouri on Dec. 17 1905, and Is a
consolidation of the Railway & Electric Co. of Sedalia, the Sedalia ElectricLight & Power Co. and the Sedalia Gas & Fuel Co. Street railways andelectric light franchises expire In 1940.STOCK AND BONDS- Date. Interest, Outstanding. Maturity.
Common, $600,000 ($100)_ $600,000 Prof, $400,000 ($100), 5 %.11-c 400,000 let mortgage. $1,500,000,1 1906 5 g 3-1) 749,000 Dec 1 1926
gold ($1,000) c•J Interest payable in Boston. Mass.Bonds.-01 the 81,500.000 authorized, $751,000 are reserved for 80%
of the cost of additions, &c. The City Trust Co. of Boston and Wm. H.Powell of Sedalia are trustees of the mortgage. No sinking fund andbonds are not subject to call.EARNINGS.-For year ending Dec. 311900, gross, $121,432; net,$46,058ROAD.-Operates 9 miles of track. Standard gauge. 66-lb. T and
72-1b. girder rail.OFFICERS.-Pres., Edward M. Deane; V.-P.. Lindsey Hooper: Sec.
and Gen. Mgr., R. 13. Hammer.-V. 83, p. 1591; V. 86, p. 170, 481, 1226;V. 90, p. 1555, 1615; V. 91, p. 30, 510, 717.
SELMA, ALA.SELMA STREET & SUBURBAN RY. CO.ORGANIZATION.-Incorporated in Alabama on Apr. 8 1891. In
1909 control was purchased by the American Pipe & Construction Co. ofPhiladelphia, which also controls the Selma Lighting Co. See V. 88, p. 565,
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock $125,000 ($100) $125,000 New first mortgage $125,000 1902 5 A-0 75,000 April 1 1922($1,000) c* Int. at Warren Say. Bank, Warren, Pa.,trus.
Old mortgage $50,000 ($500) 1901 5 J-J 50,000 Jan 1 1921c* Int. at Citizens' National Bank, Warren, Pa.
BONDS.-$50,000 new bonds are reserved to retire old mtge. bonds.ROAD.-Operates 8 miles of track in and around Selma.OFFICERS.-Pres., Jos, S. Keen Jr.; V.-P. and Treas., Geo. M. Bunt-
ing; Sec. and Asst. Treas., H. Bayard Hodge; Asst. Sec., Wm. H. Roth;Gen. Mgr., James H. Dawes, Office, 112 North Broad St., Philadelphia.-V. 88, p. 565.
SHAMOKIN, PA.SHAMOKIN & MT. CARA1EL TRANSIT CO.ORGANIZATION.-Is a consolidation in July 1906 of the Shamokin &
Mt. Cannel Electric By. and the Ashland & Centralia Electric By. V. 83,p. 273.STOCK AND BONDS- Date. Interest. Outstanding. Maturity,
Common, $700.000 $548,150 Preferred, $300,000 261,850 New mortgage, *600.000_ __ f 1906 5% 415,000 1936
(Penn. Co. for Ins. on L. & GA., Phila., True.EARNINGS.-For year end. June 30 1910, gross, $135,227; net, $59,031.
In 1909, gross, $131,098; net, $55,551.ROAD.-Shamokin to Beaverdale, Green Ridge, Mt. Carmel, Cunning-
ham and Centralia, 20.25 miles of track; also Ashland & Centralia Elec. By.OFFICERS.-Pres., E. W. Samuel, Mount Carmel, Pa.; Sec., Thos. M.
Righter, Mt. Carmel, Pa.; Treas., Wm. Keefer Jr., Mt. Carmel; Supt.,A. Howard Thomas, Shamokin.-V. 83, p. 273.
SHAWNEE, OKLA.SHAWNEE-TECUMSEH TRACTION CO.ORGANIZATION.-Incorporated in Oklahoma on Feb 13 1906.
Franchises are perpetual and exclusive for 25 years.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $500,000 ($100) - $500,000 First mortgage $1,000,0001 1906 5 g J-D 300,000 1926($1,000) gold c*f Interest at Trust Co. of America, N. Y., Tr.Bonds.-Can be called In 1916 at 105. No sinking fund.EARNINGS.-For 12 months ending Dec. 31 1909, gross, $52,801. In
1908, gross, $56,970.ROAD.-Operates 12 miles of track in Shawnee and between Shawnee
and Tecumseh. Standard gauge. 60 and 70-1b. T rail.OFFICERS.-Pres. and Mgr., Willis E. Fertig; V.-P., Louis K. Hyde;
Sec., W. M. Cutlip Treas., B. F. Kraffert: Supt., 0. H. Weddle.
SHEBOYGAN, WIS.SHEBOYGAN RAILWAY & ELECTRIC CO.ORGANIZATION.-Incorp. n Wisconsin June 8 1910 and took over
the Sheboygan L ght, Power & By Co Street ra way franchise in She-boygan perpetual. E ectric light franchise perpetua , un ess lighting prop-erty is purchased by city under Wisconsin statutes of 1907.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.
Stock Shcb L P & By 1st M $400,- 1896 5 g A-0 400,000 April 1 1926000 gold ($1,000) Interest at Mercantile Tr. Co., N. Y., trustee.
Ref & impt mtge $600,000 g 1910 5 A-0 160,000 1926sinking fund c Int. at Wisconsin Tr. Co., Milw- trustee.
Shcb L P & By cons M $2,- 1903 5 g J-J 612,000 July 1 1933500,000 gold ($1,000) Int. at Mercantile Trust Co., N. Y., trustee.Bonds.-Of the Shcb. L. P. & By. 1st 5s, $10,000 may be red, yearly at
105 up to $100,000. Shcb. L. P. & By. consol. bonds are subj. to call at105 at any time. Of the ref. & Impt. bonds, $400,000 are reserved to re-tire Sheb. L. P. & By. 1st mtge. bonds. Red, on any Int. day at 105 andInt. Bonds are a lien prior to consol. mtge.EARNINGS.-For Shcb. L. P. & By. for year ending Dec. 31 1909,
gross, $180,592; net, $71,032; in 1908, gross, $158,771; net, $59,844.ROAD.-Operates 26.03 miles of track in Sheboygan, including a line
to Plymouth, and leases 7 miles, Plymouth to Elkhart Lake. Standardgauge. 60-1b. T rail. 28 cars.OFFICERS.-Pres. and Gen. Mgr., Ernest Gonzenbach; V.-P., W. 0.
Morgan, New York; Sec. and Treas., August Westermeyer, Sheboygan;Asst. Sec. and Asst. Treas., John A. Chesney, Pittsfield, Mass.-V. 77, p.629; V. 87, p. 615; V. 90, p. 111.
a SHREVEPORT, LA.
SHREVEPORT TRACTION CO.-A trolley road.ORGANIZATION.-Incorporated in Louisiana in 1898. Franchise ex-
pires 1942.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $200,000 ($100) _ _ _ _ 10 J-J $200,000 See text.First mtge s f $200,000 gold) 1903 5 g J-J 150,000 Jan 1 1923($1,000) redeem at 105___cf Hibernia Bank & Trust Co., New On., Trus.Bonds.-Sinking fund of $5,000 per year started 1908. $50,000 have
been retired.Dividends.-10% per annum is paid.EARNINGS.-For calendar year 1909, gross, $138,000; in 1908,gross,
$128,000; in 1907, gross, $140,000.ROAD.-Operates 15 miles of track in Shreveport. Standard gauge.
60, 71) and 80-lb. T rail.OFFICERS.-Pres., W. F. Dillon; V.-P., W T. Crawford; Sec. & Treas..
W. J. Bayersdorffer; Mgr., W. A. Sullivan, all of Shreveport.-V. 87, p.481; V. 88, p. 1438; V. 90, p. 1491.
SIOUX CITY, IOWA.SIOUX CITY SERVICE CO.ORGANIZATION, ETC.-Incorporated on June 7 1905 in New Jersey.
In March 1909 increased capital from $250,000 to $2,000,000,1n order toacquit' stock of Sioux City Traction Co. V. 88, p. 1129. Franchises of theSioux City St. Ry. (succeeded by Sioux City Trac.) run for 50 years from1889; other franchises run for 25 years from 1908. These latter are on theterms of 5-cent fares with transfers and 2% of gross earnings after the cityhas a population of 75,000.In Dec. 1909 at a special election a new franchise ordinance permitting
the sale of the Sioux City Gas dc Electric Co.'s electric dept. to the SiouxCity Service Co. was defeated. V.90, p. 54. Operates 48 miles of track,including the elevated (Sioux City Transit), the Central Traction, the River-side Park, the Sioux City & Leeds Elec. and the South Sioux City Trac. Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $2,000,000 ($100)_ $2,000,000 First & ref mtge $5,000,0001 1910 5 J-J 1,000,000 Jan 1 1928($1,000) gold c* Illinois Tr. & Say. Bank, Chic., trustee.
Sioux City Trac 1st M, $750,- 1899 5 g J-J 750,000 July 1 1919000, gold ($1.000) c*1 Int. at Bk. of Montreal, Chic. or N. Y., Trus.Bonds.-$750,000 1st ec ref. bonds are reserved for prior liens, $3,250,000
are for additions and improvements at 75% of cost. Redeemable at 105and Int. on any int. date after July 1 1912. Sink, fund begins in 1913.which by 1928 will aggregate $1,200,000. Int. payable in New York andChicago. V. 90, p. 1555.EARNINGS.-For year end. March 31 1910, gross, $511,295; net, after
taxes, $169,656. In 1909, gross, $474,231; net, after taxes, $149,920.ROAD.-Operates 48 miles of track. 60 and 80-lb. rails. 86 cars.OFFICERS.-Pres., Robt. J. Dunham; Sec. and Treas., J. Henry Ricker;
Gen. Mgr., E. L. Kark.-V. 88, p. 1065, 1129; V. 90, p. 54, 1171, 1555.
SOUTH BEND, IND.CHICAGO SOUTH BEND & NORTHERN INDIANA RR.-Trolley road.ORGANIZATION.-Incorporated In Indiana in Jan. 1907 as successor
to the Northern Indiana By., which had consolidated the Indiana By., theSouth Bend La Porte dc Michigan City By., the Michigan City Electric Co.and the Michigan City Traction Co. Franchise perpetual in Mishawaka.Goshen, South Bend, La Porte and Michigan City; in Elkhart expires in1957. Operates all local electric lines in above cities and the interurbanline joining them.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Common $5,000,000 ($100) $5,000,000 Pref $2,500,000 5% cum 2,500,000 ($100) after Jan 1 1909_ - - -
New 1st mtge $5,000,000 1907 5 g J-J 2,309,000 Jan 1 1937gold ($1,000) Int. at Central Trust Co., N. Y., Trustee.
Nor Ind Ry 1st con M. $4.- 1906 5 g J-J 635,000 Jan 1 1936000,000, gold ($1,000) Int. at U. S. Mtge. & Trust Co.. New York.
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STOCK AND BONDS- Data. Interest. Outstanding. Maturity.Indiana Railway 1st mort-} 1901 5 g J-J 1,000,000 Jan 1 1930
gage, 51,000,000, gold ($1,- Girard Trust Co., Philadelphia, Trustee.000) c* Interest at Standard Trust Co.. New York.
Indiana Ry 2d mtge, $150,-1 1904 5 g F-A 150,000 Aug 1 1924000 ($1,000), geld JInt. at U. S. Mtge. & Trust Co.. New York.
La Porte & Michigan City Tr 1905 5 g J-J 346,500 July 1 19301st M, 5350,000 ($500),}Interest at First Trust & Savings Bank,1. subject to call J Chicago, Ill.Bonds.-On the Ind. Ry. 1st 5s a sinkingfund of $10,000 per annum be
can Jan. 1 1905; bonds to be bought in open market. Are not subject tocall. The 2d 5s have a sinking fund of $2,000 per annum beginning Aug. 11906. These bonds are subject to call. Of the Northern Indiana $4,000,-000 mtge., $1,500.000 are reserved to retire prior liens and 51.800,000 forfuture betterments and extensions. Are subject to call. See V. 82, p. 568.On the La Porte & Michigan City Traction Co. bonds a sinking fund of 1%per annum of bonds out is operative from 1910 to 1914; from 1915 tomaturity, 2% per annum. Of the new first mtge. bonds, $2,150,000 arereserved to retire other liens, and balance for improvements.EARNINGS.-For calendar year, 1909, gross, $701,287; net, $305,644;
In 1908, gross, $612,092; net, $238,041.ROAD.-Operates 117 miles of track in South Bend, Mishawaka, Elk-
hart. Goshen, La Porte, Michigan City and interurban lines between thosepoints and city lines in Michigan City. Road is to be extended fromMichigan City to Chicago and from Michigan City to Indianapolis. Gauge,4 ft. 8 M in.; 70-lb. T rail. Owns 70 cars and 11 sub-stations.I • OFFICERS.-Pres.. Charles F. Dleterich. New York; V.-P., C. M. Mur-dock; Treas., A. E. Dieterich; Sec. and Gen. Mgr., S. T. Murdock.-V.84,p. 159, 270.
SOUTHERN MICHIGAN RY.-A trolley road. 'ORGANIZATION.-Organized on Feb. 8 1906 as a consolidation of the
South Bend & Southern Michigan By. and the Niles & Buchman Ry.Franchise in St. Joseph expires in 1935; in Berrien Springs in 1935; la NilesIn 1932, 1935 and 1936; in South Bend, perpetual.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.Stock $2,000,000 *2,000,000 First consol. mtge $1,990,0001 1906 5 g 400,000 Mch 1 1931
gold ($1,000) JInterest at U. S. Mtge. & Trust Co., N. Y.South Bend & So Michiganl 1902 5 g A-0 750,000 Oct 1 1927
first mtge $750,000 gold Interest at Harris Trust & Savings Bank,($1,000 guar p & 1 Chicago, Trustee.Bonds.-Of the $1,990,000 consols, $750,000 are reserved for prior liens
and $840,000 for betterments and extensions. These bonds are subject tocall on any int. date at 105. The following amounts are payable annuallyInto a sinking fund from March 1 1909 to Feb. 28 1915, 1% of bonds out-standing; from March 1 1915 to Feb. 28 1925, 1 M% of bonds out; and fromMarch 1 1925 to Feb. 28 1931 2% of bonds out. The So. Bend & So. Mich.bonds are not subj. to call. $5,000 per ann. Is payable into a sinking fund onthese bonds, commencing Jan. 1 1907. See V.82, p. 1158 and V. 83, p. 493.ROAD.-Operates a line from South Bend to St. Joseph. Total track,
35 miles. Standard gauge; 70-lb. T rail. Has 12 motor cars, 2 baggageand express cars and 4 sub-stations. General Electric and Westinghouseequipment. Purchases power.-V. 83, p. 273, 493,
SOUTH WALPOLE, MASS.NORFOLK & BRISTOL STREET RY.ORGANIZATION.-Incorporated in Massachusetts in November 1901.
STOCK AND BONDS- Date. Interest. Outstanding. MaturityStock, $200,000 ($100)_ $200,000 1st mtge, $200,000 (51,000),1 1908 5 g J-J 150,000 July 1 1928
gold, sinking fund JInt. at American Trust Co. Boston, Trustee.Current liabilities Sept. 30 1909 52%284 Bonds.-Bonds are subject to call at 105 after 1913.EARNINGS.-For year ending Sept. 30 1909, gross, $75,177; net, $19,-
208; charges, 510,559; surplus, $8,649.ROAD.-Owns 21.506 miles of track between Norwood, Mansfield and
Wrentham; 22 passenger cars and 4 other cars.OFFICERS.-Pres., M. P. Clough; Sec., N. I. Adams; Treas., H. F.
Smith; Gen. Mgr., M. A. Cavanaugh.-V. 87, p. 936, 1238.
SPOKANE, WASHINGTON.ARLINGTON HEIGHTS MOTOR RY.-Two miles of trolley track.
Stock, *50,000. Road leased to Washington Water Power Co.
SPOKANE & INLAND EMPIRE RAILROAD CO.In Dec. 1909 Great Northern By. acquired control. V. 89, p. 1598.
ORGANIZATION.-Incorporated in Washington Jan. 15 1906, and isaconsolidation of the Coeur D Aiene & Spokane By.. the Spokane TractionCo., the Spokane Terminal Co. and the Spokane & Inland By. N. W. Har-ris & Co., Harris Trust & Savings Bank and E. H. Rollins & Sons offeredthe bonds for sale. Has a light and power franchise in Spokane. In 1907secured a franchise from the city to build a tunnel through the business dis-trict of Spokane, to cost $1,000,000, and in 1909 began construction.In 1910 work was temporarily held up. Transports all kinds of heavy andlight freight traffic, as well as passengers. and exchanges freight with steamroads.STOCK AND BONDS- Date. Interest. Outstanding. Maturity
1st and ref mtge, $15,000,000 190 6 5 g9 1%?T-N 3,941,000 May 1 1926gold ($1000) 0( Int. at First Trust & Say. Chicago, trustee.
I. or at First National Bank, New York.Spok Trac 1st M. $1,000,000.J 1905 5 g J-J 197,000 See text.
gold ($1,000) c &r lint. at Title Guar. & Trust Co., N.Y., trusteeo D'A & S 1st M, $500,000, gj 1903 5 g J-J 500,000 Jan 1 1929($100, $500&$1,000)__0 lint. at Title Guar. & Tr. Co., N.Y., trustee.
Spok Term 1st mtge, 55-004 1005 5 g F-A 311,000 See text.000, gold ($500 & $1,000ei Interest at First Trust & Say. Bank, Chicago,
I trustee, or at First National Bank. Boston.Bonds.-01 the $15,000,000 first and refunding bonds, $1,059,000 are
reserved to retire $1,008,000 bonds of the subsidiary companies and$10,000,000 for 75% of cost of permanent extensions and additions, butonly when the net earnings for the preceding twelve months have beenat least twice the annual interest charge on all bonds outstanding andto be Issued. Are subject to call from May 1 1911 to Nov. 1 1915 at 107Mand interest; thereafter at 105 and interest. One per cent of bonds out-standing is payable to a sinking fund from 1911 to 1915, 1M % from 1916to 1920 and 2% from 1921 to 1925. See V. 83, p. 1291 and V. 86. p.721. The Spokane Traction Co. bonds are due $10,000 annually fromJuly 1910 to 1914 at 105 and int.; $15,000 annually July 1915 to 1924 at105 and'Unterest; remaining $700,000 on July 1 1925 at par and inter-est. Bonds are subject to call as an entirety at 105 and interest on60 days' notice. V. 81, p. 841. The Spokane Term. Co. bonds mature$12,500 on Aug. 1 from 1910 to 1929 inclusive and $100.000 on Aug. 1 1930.The unissued bonds mature in 1930 and are subject to call at 105 and int. Onthe Coeur d'Alene & Spok. By. bonds a sinking fund of 5% of net earnings isprovided. Bonds are subject to call after Jan. 1 1914 at 105 and interest.Stock.-Pref. rights are to be cumulative after 5 years. After 5%
paid on common the pref. is to share ratably with the common up to 7%.but not higher. Preferred stock can be redeemed at any time at $135 pershare and has no vote.
Dividends.-First dividend on pref. rights-1 %-was paid Jan. 20 1900and 1(% was paid April, 1'4% July and 131% Oct. 1907. None since.EARNINGS.-For year ended June 30 1909, gross, $1,269,101; net, after
taxes, *386,949; interest, $234,700; surplus, $152,249.ROAD.-Operates 267.30 miles of track (single, double, sidings and
spurs), including lines in Spokane and to Coeur d'Alene and HaydenLake on the east; to Colfax, Palouse, Washington and Moscow, Idaho,on the south; and an extension from Greenacres on Coeur d'Alene Divi-sion to Spokane. Outside of Spokane the road is in accordance withstandard steam railroad specifications. It is proposed to build ulti-mately to Lewiston, Idaho, and to Squaw Bay, on Pend d'Oreille Lake.Company owns valuable passenger terminal and office building in the heartof Spokane and freight terminal located between the Great Northern andNorthern Pacific terminals, and has 'Physical connection with all roadsentering Spokane. Also owns a hydro-electric plant of 20,000 h, p. ca-pacity 9 miles below Spokane.OFFICERS.-Pres., Jay P. Graves; V.-P., A. L. White; 2d V.-P.,
Waldo G. Paine; Sec., W. G. Davidson; Treas. & Comp., H. B. Ferris.-
V. 82, p. 928, 1040, 1322; V. 83, p. 38. 1291, 1349, 1472; V. 85, p. 1463V. 86, p. 721, 858; V. 89, p. 1598; V. 90, p. 978.
THE WASHINGTON WATER POWER CO.'S SYSTEM.-SpokaneStreet Railway. &c.ORGANIZATION.-Chartered in Washington Mch. 13 1889 for 50 years.
Comprises Edison Elec. Illum'g Co., Spokane St. Ry. Co., Spokane Elec.Ry.
Co.' SpOkane Falls Cable Ry. Co., Falls City Land & Improvement Co., the
Natatorium Co. of Spokane, Ross Park St. By. Co. and City Park TransitCo. Owns all water power on Spokane River at Spokane, Wash., includingformer property of Spokane Falls Water Power Co. Also leases Arling-ton Heights Motor By. Co. Company owns the entire electric light busi-ness at Spokane. Wash.; also 427 miles of transmission lines, supplyingtowns of Coeur d'Alene, Post Falls, Rathdrum, Wardner, Wallace, Mullenand Burke, Idaho, and Rockford, Tekoa, Fairfield, Colfax, Palouse, Oakes-dale, Cheney, Medical Lake, Reardan, Harrington, Sprague, RitzvIlle,Lind and Odessa, Wash. Owns 13,000 horse-power hydraulic plantat Spokane, Wash., 15,000 h. p. hydraulic plant at Post Falls Idaho, and19.000 h. p. steam plant at Spokane, Wash. Now constructing a 30,000h. p. hydraulic plant on Spokane River below Spokane, Wash. Franchisesfor electric-lighting and power business have 36 years to run from 1908 andstreet railways an average of 20 years.On March 15 1910 stockholders voted to increase authorized capital
stock from $10,000,000 to $15,000,000. Subscriptions are payable at op-tion of shareholder either in full on April 1 or 30% each April 1 and July 1and 40% Oct. 1 1910. V. 90, p.55.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock 515,000,000 ($100)____ Q-J $9,245,8000ct.'10,1%%1st consol mtg. and collateral) 1899 5 g J-J 245,000 July 1 1929
trust, $2.000,000, gold } Interest at Franklin Trust Co., Brooklyn,($1.000) c•&r IN. Y.. trustee.
1st ref mtge, $15,000,000 g1 1909 5 J-J 5,247,000 July 1 1939($1,000) c* & r*.fInt. at Farmers' L. & Tr. Co.. N. Y., trustee.Bonds.-01 the $15,000,000 refunding & ext. mtge. bonds, $245,000 are
reserved to retire 1st mtge'
59,000.000 are for additions and extensionsat not to exceed 50% of cost and $400,000 are in treasury; 5108,000 havebeen canceled by sink. fund. Sinking fund of 2% per annum of bonds outbegan Sept. 1909 for purchase of bonds at not exceeding 110 and int., butbonds cannot be drawn. Bonds are redeemable as a whole at option of com-pany at 110 and int. V. 88, p. 54, 1003. Bonds are listed on N. Y. StockExchange. V. 89, p. 1544.
Dividends.-In 1900, 3%; in 1901. 4 %; 1'11902, 5%; in 1903, 6%; in 1904,6%; in 1905 to 1909, incl., 7% per annum. In 1910, Jan., 1 4%; Apr..1 %%; July, 1 %%; Oct., 1 '4%.REPORT.-For fiscal year ending Dec. 31 1909, gross, $2,788,743; net,
after taxes, $1,284,848; depreciation, $273,600; charged off to profit & loss,$552; interest, $335,659; divs., $442,424; surplus, $232,613. In 1908,gross, $2,454,585; net, after taxes, $1,111,353; depreciation, $238,600;charged off to profit and loss, $8,533; interest, $283,790; dividends, $351,-141: balance, $229,289. Passengers carried in 1909, 21,909,253, against19,520,942 in 1908.ROAD.-System consists of 100.97 miles of trolley road, including 23.68
miles of suburban line to Cheney and Medical Lake. The cable line hasbeen changed to trolley. Standard gauge; 40 to 107-1b. T rails. Does afreight business.OFFICERS.-Chairman Ex. Corn., Henry M. Richards; Pres. and Gen.
Mgr., D. L. Huntington; 2d V.-P., H. L. Bleecker; Sec., H. C. Pegram;Treas., H. E. Perks, all of Spokane.-V. 86, p. 669, 854, 863; V. 87, p.1358, 1534; V. 88, p. 54, 998, 1003; V. 89, p. 1544; V. 90, p. 55, 564, 621.
SPRINGFIELD L ILLINOIS.UNION RAILWAY. GAS & ELECTRIC CO.ORGANIZATION.-Incorporated in New Jersey on June 29 1909, and
has acquired over 98% of the stocks of the Springfield (Ill.) Railway & LightCo. ($3,000,000 stock), the Rockford (Ill.) & Interurban By. Co. ($1,000,-000 corn. and 550,000 pref.), the Peoria Light Co. ($2,500,000 corn, and$1,000,000 pref.) and the Evansville Light Co. (51,500,000 corn. and$1,000,000 pref.), per plan in V. 88, p. 1501. Controls street railway andinterurban lines, gas, electric-lighting, power and heating properties inRockford, Belvidere, Freeport, Peoria and Springfield, all in Illinois; Beloitand Janesville, in Wisconsin, and Evansville, Ind. V. 89, p. 226.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
tive (5100)Q-J 5,250,000 Oct '10, 1Collateral trust mtge. goldl 1909 5 J-J 8,000,000 July 1 1939($500 and $1,000) c* Trust Co. of North Amer., Phila., Trustee.
Sprgfd Ry&Lt coil tr mtgej 1903 5 g J-D 2,750,000 June 1 193355,000,000 gold ($1,000) c* Interest at Columbia Trust Co., Louisville.
Springfield Con By consolf 1893 5 g J-D 750,000 June 1 1933Mtge $750,000, g ($1,000)c Columbia Trust Co., Louisville, Trustee.
Rockford & Inter - Urban 1902 5 g A-0 1,089,000 Oct 1 1922mortgages, $1,500,000,gold Interest at First Nat. Bank, N. Y., or at
) c* Amer. Trust &Say. Bank, Chic., Trustee.
Rockiord & Freeport first 1903 5 g M-N 625,000 May 1 1923mtge, $750,000, gold, gu }Int. at Amer. Trust & Say. Bank, Chicago,P & 1(31,000 and $500) _c*J Trustee, or A. B. Leach & Co., N. Y.
Rockford Bel & Janesville} 1905 5 g A-0 1,000,000 Oct 1 19301st mortgage, $1,000,000, Int. at Amer. Trust & Say. Bank, Chicago.gold ($1,000), s c* Trustee, or First Nat. Bank. New York.
Peoria Lt. Co. coll. tr. mtge.J 1906 5 J-J 1,000,000 July 1 1936$5,000,000, g ($1,000) c* Bankers' Trust Co., New York, Trustee.
Peoria Gas & Elec. Co. iSti 1903 5 J-J 2,500,000 Jan 1 1923M. $2,500,000 g ($1,000).._ Bankers' Trust Co., New York, Trustee.
Evansv Gas&Elec 1st & refJ 1902 5 J-D 1,250,000 June 1 1932M. $1,250,000, g (51,000)c• Int. at Amer. Tr. & Say. Bank, ChicagoStock.-Pref. stock is subject to call at 105 and accrued dividends.Bonds.-The Union By., Gas & Elec. coll, trust mtge. is secured by de-
posit of 98% of all stocks (corn. and pref.) of subsidiary cos. Additionalbonds may be issued only under rigid restrictions (V. 89, p. 226). Interestis payable at IIodenpyl, Walbridge & Co., N. Y., and E. W. Clark & Co,Phila. Bonds are redeemable at par and int. on 60 days' notice. They'are convertible into preferred stock at par. V. 89, p. 226. Of the Spring-field Ry. & Lt. coll, trust mtge. of 1903, $1,500,000 are reserved for addi-tions and improvements to constituent cos. $750,000 for prior liens. Thebonds are subject to call on 60 days' notice at,107 M and int. Int. Is payableat Columbia Trust Co., Louisville, and at Hopenpyl, Walbridge & Co., NewYork, and E. W. Clark & Co., Philadelphia. They are secured by depositwith trustee of all the bonds and stocks of the street railway, gas and electriccompanies of Springfield, except $750,000 Springfield Cons. By. bondsabove mentioned Int. on Spgfd. Con. By. bonds is payable at ColumbiaTrust Co., Louisville, and at Hodenpyl, Walbridge & Co., New York. Sink,fund on ftockf. & Inter-Urban bonds of 5% of gross receipts commenced in1908. Additional bonds can be issued for extensions and improvements at85% of cost. Entire issue is subject to call at 105 and int. The Rockf. &Freeport bonds are assumed, P. & by Rockf. & Inter-Urban By. Co.;$125,000 are reserved for future extensions at 85% of cost. A sink, fundequal to 5% of gross earnings began in 1910. Bonds are subject to callat 105 and interest. V. 78, p. 1276. A sinking Jima on the RockfordBeloit & Janesville bonds begins In 1915 of 2% of gross earnings of thatdivision. They are subject to call at l02'4 and Interest. They are guar-anteed, p. & I. by the Rockford & Inter-Urb. $2,500,000 Peoria Lightbonds are reserved to retire like amount of Peo. Gas & Elec. 1st M. bonds;$1,500,000 are for future extensions. They are secured by deposit of all(except directors shares) the stock of Peo. G. ec E. Co. Both Peoria Lt. Co.and Peoria Gas & Elec, bonds are subject to call at 105 and Int. Int. onboth Peo. Lt. Co. and Peo. G. & E. Co. bonds is payable at Hodenpyl, Wal-bridge & Co., N.Y. Peo. G. & E. bonds sink. fund of 5% of gross earningsbegan Jan. 11910. S.1. may be used by company for additions to propertyagainst which no bonds have been issued. The Evansv. Gas & Elec. mustcall at 105 and int. $10,000 annually on June 1 1913 to 1922 incl., and $15,-000 on June 1 1923 to 1932, inch They are subject to call after June 1 1912at 105 and interest.
Dec 31 1909: Gross, $2,820,349; net, 51,351,934; int., taxes, rentals andcharges of subsidiary cos., $773,664; div. (pref.) S313,687; sur.. $264,583.ROAD.-Rockford & Inter-Urban operates 25 miles of trolley in Rock-
ford, 14 miles between Rockford and Belvidere: also 28 miles of Rockford& Freeport Electric By. between points named in title, and 33 miles be-tween Rockford, III. and Beloit and Janesville, Wis. Total, 100 miles.Spring!. By. & Lt. CO. operates 34 miles in Springfield. 40, 70 and 75-lb.T-rail.
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OFFICERS.-Pres., Anton G. Hodenpyl, New York; V.-P., ClarenceM. Clark, Phila.; Sec. & Treas., Geo. E. Hardy, New York. Asst. Sec. andAsst. Treas., Jacob Hekma, New York.-V. 89. p 226. 780.
SPRINGFIELD, MASS.SPRINGFIELD STREET RY.-See New England Investment & Securi-
ties Co. under New Haven.
SPRINGFIELD, MISSOURI.SPRINGFIELD RAILWAY & LIGHT CO.ORGANIZATION -is a consolidation in 1906 of the Springfield Trac-
tion Co. and the Springfield Gas ec Electric Co. The Kickapoo Transit Co.Is also part of system. Electric light franchise perpetual; gas franchiseexpires in 1929; street railway franchises run 35 years from Aug. 23 1909Does entire traction, electric-lighting and gas business of the city. Alsodoes steam heating.STOCK AND BONDS- Date. Interest. Outstanding. Maturity
Stock $1,600,000 _____ $1,800,000 1st lien ref mtg *1,600,000) 1906 5 g J-J 738 ,000 Jan 1 1926gold ($1.000) c• lint- at New York Trust Co., N. Y., trustee.
Springfield Trac 1st M, $300-) 1895 - 5 g J-J 295,000 July 1 1925000 gold ($1,000) (cannot Interest at St. Louis Union Trust Co., Stbe called) cJLouls, trustee.
Springfield Gas dc El 1st 61,J 1902 5 g J-J 485.000 July 1 1922$500,000 gold ($1,000) _ _c• 1Int. at Amer. Tr. & Say. Bk., Chic., trustee.
Springfield Gas & El deb ..-------6% 32,000 May 1 1913Bonds.-In the above statement we do not include $20,000 bonds of
Klekapoo Transit Co., as latter are all held in the treasury. Of the $1,-600,000 new bonds, $832,000 arc reserved for prior liens and $30,000 forfuture betterments. Subject to call at 105 and int, on any int. date upon60 days' notice. Entire stocks of the Traction Co. ($400,000) and Gas& Elec. Co. ($500,000) have been deposited as security for these bonds.Tile Gas & Elec. Co. 1st mtge. bonds are redeemable at 105 and Int. andthe debentures at 10214. The Gas & Elec. Co. bonds vvIll he retired $5,000annually on and after July 1 1908. $15,000 have been retired.EARNINGS.-For calendar year 1909, gross, $412,775; net, $188,476.
In 1908, gross, $353,286; net. $150,493.ROAD.-Operates 18 miles of track; 60-lb. T rails. Power sbations'
capacity, 1.800 h.p.OFFICERS.-Pres., John F. Hill, V. P., Geo. E. Macomber; Treas..
Frank E. Smith, all of Augusta. Me.-V. 82. p. 281.
SPRINGFIELD, OHIO.SPRINGFIELD & XENIA RAILWAY CO.ORGANIZATION.-Incorporated in Aug. 1906 to succeed the Spring-
field & Xenia Ry., which was organized in 1904 to succeed the Springfield& Xenia Traction Co.. which had been sold under foreclosure. V. 83, p.214.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $300,000 ($100)-- - $300,000 Pref. $300,000•($100) (see text) ____ Q-F 300,000 Aug. '10, 13,4
Stock„-The pref. stock is 5% cum. and is convertible, par for par, Intofirst mtge. 5% bonds when net earnings reach $20.000 per annum.
Dividends.-First dividend on preferred-4%-was paid Oct. 1 1908.In 1000. 5 5,5%. In 1910, Feb., 1%; May, 1 U%; Aug., 15(%.EARNINGS.-For year ending Dec. 31 1909, gross, $65,827; net, after
taxes, $14,142. In 1908, gross, $66,687; net,$12,545.ROAD.-Operates 20 miles of track, connecting Springfield and Xenia.
Rails. 70-lb. T; five cars.Pres.. Warren Bicknell, Cleveland; Gen. Mgr., M. Ackerman, Spring-
field. Oper. Mgrs., The Warren Bicknell Co.-V. 83, p. 214,1591; V.87,p. 937; V. 88, p. 376, 1129. 1255.
SPRINGFIELD TROY & PIQUA RV. CO.ORGANIZATION.-Incorporated in Ohio April 20 1903. Franchises
expire in 1928.STOCK AND BONDS- Date. Interest. Outstanding. Last Div.
Stock, $700,000 ($100) _ $70,000 There are no bonds. The road was financed by its officials; $70,000 stock
was issued to comply with law requiring issue of 1,0% of authorized amount,EARNINGS.-For cal. year 1909, gross, $101,015; oper. exp., taxes and
betterments, $81,999; net, $19,016.ROAD.-Operates 30.46 miles between Springfield and Troy, O.; began
operating in July 1904; including second track and sidings, 33 miles. Rails.60 and 70 lb. T. Standard gauge.OFFICERS.-Pres. and Treas., John L. Bushnell; V.-P. and Gen. Mgr..
Fred. J. Green; Sec., H. C. Dimond. General office, Springfield, Ohio.-V. 78, p. 2385.
SPRINGFIELD, VERMONT.SPRINGFIELD ELECTRIC RY.-A trolley road.ORGANIZATION.-Length of road, 8 miles. from Springfield, Vt., to
Charlestown, N. H. Freight and passenger road.Capital stock, common (auth.). $75,000, all outstanding; 8% pref. stock,
$9,500; 6% floating debt pref. stock, $80,800; 1st mtge. for $100,000 of5% gold $500 and $1.000 coupon bonds dated Nov 1 1897, due Nov. 11917; int. M-N at National Shawmut Bank, BostonEARNINGS.-For year ending June 30 1910, gross, $51,762; net
$17,064; other Income, $603; gross Income, $17,667. Pres. and Gen. Mgr.,E. C. Crosby; V.-P. and Treas., M. A Coolidge; Supt., A J Crosby.-V. 64, p. 1043; V. 70, p. 793.
STATEN ISLAND, N. Y.RICHMOND LIGHT & RR. CO.ORGANIZATION.-This company was formed as a reorganization on
Aug. 18 1902 of the Staten Island Electric RR., New York & Staten IslandElectric Co. and the Richmond County Power Co. Owns the entire capitalof tile corporation owning the properties of the New Jersey & Staten IslandFerry Co. The shares are held boy Henry H. Rogers, Walter G. Oakmanand Wm. L. Bull in a voting trust, date of expiration of which has beenextended to Aug. 1912. For terms of reorganization and complete state-ment of plan, see V. 74 p. 1091. Franchises are perpetual.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $3,000,000 ($100) _ $2.871,750First collateral trust lute 1902 4 g J-J 2,200,000 July 1 1952
$2,500,000 gold J Int. at Guaranty Trust Co., N. Y.. trustee.Bills payable June 30 1909_ _ 482,500 Bonds.-$800,000 are reserved for the acquisition of new property.EARNINGS.-For year ending June 30 1909 (not including ferry com-
pany) were: gross, $667,612; net, $136,806; interest and taxes, $139,246;deficit. $2,440.ROAD.-Road from South Beach to Howland Hook, 10.7 miles; branches
Richmond Ave. to Bull's Head and Clove Road, 8.15 miles; second track,12.13 miles; sidings, .04 mile; total track, 31.02 miles: 90 lb. girder Cam-bria and 85-1b. girder Johnson steel rails; 103 passenger and 8 other cars.OFFICERS.-Pres., H. H. Rogers, 26 Broadway, N. Y.; V.-P. and
Gen. Man., S. F. Hazierigg; Sec., J. E. Phillips.-V. 75, p. 78. 201.
STATEN ISLAND MIDLAND RAILWAY CO.• ORGANIZATION.-Incorporated in New York on Jan. 16 1907 as a
reorganization of the Staten Island Midland Railroad Co. sold under seques-tration proceedings on Jan. 3 1907.-V. 84, p. 222.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.
Stock $1,000,000 ($100) *1,000,000 S I Mid Mt 1st mtg $1,000,00011896 5 g 3 J 1,000,000 Jan 21 1926• old ($1.000) c*1 Int. at Farmers' L. & 'Fr. Co., N.Y.,trustee.Sinking fund after 5 years but bonds cannot be called.•
• ROAD Owns 27.68 miles of track. including second track, 11.46 miles;ope Ites under r ckage rights, .1 mile; total track, 27.78 miles; rails, 65to 70 lb. T rail and 90-lb. girder.EARNINGS.-Year ending June 30 1909, gross, $250,782; net, $43,857;
charges, $55,000; balance, deficit, $11,143.OFFICERS.-Pres., S. F. Hazeirigg; V.-P. and Treas., H. H. Rogers,
26 Broadway, New. York; Sec., J. E. Phillips.-V. 84, p. 222.
STOCKTON, CALIFORNIA.CENTRAL CALIFORNIA TRACTION CO.-An electric road.ORGANIZATION.-Organized in California in Aug. 1905 to construct
an interurban system of electric roads for passengers and freight in the cen-tral valleys of California. Road will operate over private right of way,except in the cities. Franchises in all the cities of the system run for 50
years. An additional freight and passenger franchise was awarded com-pany in May 1909 for City of Sacramento. An assessment of $5 a sharewas called for payment on or before Feb. 20 1908. V. 86, IL 687.STOCK AND BONDS.- Date. Interest, Outstanding. Maturity.
Stock *2,500,000 ($100) *2,062,000 First mortgage $1,500,0001 1906 5 g A-0 760,000 April 1 1936($1,000) gold sinking fundJInt. at Union Trust Co. of San Fran., True.Bonds.-01 the $1,500,000 1st mtge. bonds, $740,000 are reserved for
future extensions and improvements. Sinking fund begins in 1912 with$15,000 per year for 10 years, $30,000 per year for the succeeding 10 years.and $45,000 per year for the remaining 4 years. Bonds are redeemable onany interest day at 105 and interest on 60 days' notice.EARNINGS.-Gross for 1909, $109,510; for 1908. $99,706.ROAD.-Operates 10 miles of track in the city of Stockton. An exten-
sion to Lodi (14 miles) was completed Aug. 31 1907. Total track operated,2834 miles. A line from Lodi to Sacramento was completed in July 1910.Company carries Wells, Fargo express and U. S. mall.OFFICERS.-Pres.. Alden Anderson; V.-P.. H. Fleishhacker: Sec. and
Can. Aud., H. A. Mitchell; Treas., Walter Arnstein. Office, 347 GrantAve., San Francisco.-V. 83, p. 379; V. 84. p. 507, 867; V. 86, p. 667.
STOCKTON EI.ECTRIC RR.-A trolley road.In June 1902 H. E. Huntington acquired control through purchase of
three-quarters of the capital stock.STOCK AND BONDS.-Stock, $500,000; first mtg., $300,000 ($1,000)
gold 6s, A.-0., $115,000 outstanding, dated 1892, due Oct. 25 1917; int. atCalifornia Safe Deposit & Trust Co., trustee. Sinking fund provides for anannual payment of 2% of outstanding bonds from 1902 to 1905; 3% 1905 to1909; 4% 1909 to 1913. Bonds cannot be called. Owns 6 miles of doubletrack.OFFICERS.-Pres., James H. Budd; V.-P. Wm. F. Herrin; Sec.,
F. C. Ambridge; Manager, Frank W. Webster.-14 76, p. 159.
STREATOR, ILLINOIS.ILLINOIS VALLEY GAS & ELECTRIC CO.ORGANIZATION.-Incorporated In 1910 in Illinois. Has acquired the
following properties, doing a gas and electric business in the Illinois Valleyand the street railway business In Streator:
Illinois Light & Traction Co. (Strea.tor), Morris (Ill.) Gas Light Co.,United Electric Co. (Morris and Seneca), Ottawa (Ill.) Gas Light & CokeCo., Millington Light & Power Co., John Siebert electric plant at Dwight.III.; Anderson electric plant at Gardner and South Wilmington, Odell (Ill.)Electric Co.In June 1910 Russell, Brewster & Co., Chicago, offered pref. stock at $85
a share, with a bonus of $25% of corn. stock. V. 90, p. 1617.STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Common, $3,500,000 $3,500,000 Pref., $3,000,000 6% cum 500,000 First mortgage $10,000,0001 1910 5 750,000 May 1 1940
gold (Illinois Trust & Savings Bank, Chic., trustee.Ill Lt & Trac mtge, $1,500,-J 1905 5 g ltd-N 315,000 1925000 gold ($1,000) c lInterest at Cleveland (0.) Trust Co.. trustee.
Streator G & Lt M $60,000_ _ 6 F-A 60,000 1913Bonds.-Ilemaltfing 1st mtge. bonds can be issued at 75% of cost of
capital investment. Of the Ill. Lt. & Trac. bonds, $60,000 are reservedfor prior Bens and $1,125,000 for other purposes. A sinking fund of 2%of bonds commences after 5 years. Bonds are subject to call after 5 yearsat 105. See V. 81, p. 1492.ROAD.-Operates 734 miles of track. Rails, 52-lb. girder and 60-lb T.OFFICERS.-Pres., Samuel Insull; V.-P., Chas.A. Munroe; Sec.& Trea
John II. Gulick.-V. 90, p. 1617; V. 91, p. 41
SYRACUSE, N. Y.SYRACUSE LAKE SHORE & NORTHERN RR.-A trolley road.- See
map on page 112.)Controlled by the Beebe syndicate, which also controls the Syracuse &
South Bay Electric, the Rochester Syracuse & Eastern. the Auburn &Syracuse and the Auburn & Northern Electric.ORGANIZATION.-Incorporated in New York on Sept. 9 1905, nd is
successor, through foreclosure, of the Syracuse Lakeside & Baldwins tileRy. V.81, p. 1045. In June 1909 purchased the Oswego Traction Co., soat foreclosure and operates that property as its Oswego Division. V. 89.p. 1281. Private right of way except through cities and villages, wherefranchises are perpetual. Power is purchased from Niagara Lockport &Ontario Power Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $2,500,000 ($100) _ $1,975,000 Pref,6 % n-c.$1,000,000 ($100) 1,000,000 1st mortgage, $2,500,000. gi 1907 5 g 1,875,000 May 1 1947($1,000) c*lInt. at Knickerbocker Tr. Co., N. Y., Trus.Bonds.-Are subject to call on May 1 1917 or any interest date thereafter
at 110 & int. upon 60 days' notice. No sinking fund. V. 88, p. 1501;V. 90. p. 1171.REPORT.-For year ending June 30 1910, gross, $344,589; net, after
taxes, $94,363; bond Interest, $88,750; surplus, $5,613.ROAD.-Operates 38 miles of track from Syracuse to Fulton and 1134
miles in and around Oswego (formerly Oswego Traction); total, 4934 miles.Standard gauge. Rails, 45 to 110 lbs. 60 cars. Road is to be extendedto Oswego, 37 miles, of which 27.4 miles to Fulton was completed Jan. 11909: remainder to be completed during 1910.OFFICERS.-Pres. & Gen. Mgr., C. D. Beebe; V.-Ps., H. S. Holden,
C. B. Benson and R. A. Dyer Jr.; Treas., Willis A. Holden; Sec., H. C.Beatty.-V. 85, p. 655; V. 88, p. 1501, 1561; V. 90, p. 1171.
SYRACUSE & SOUTH BAY ELECTRIC RR.-(See map on page 112.).ORGANIZATION.-Incorporated in New York March 11 1907 as suc-
cessor of the Syracuse & South Bay Ry., sold at foreclosure on Feb. 21 1907.V. 84. p. 827. All private right of way. Power is purchased from Niagara.Lockport & Ontario Power Co. Company through stock ownership ofOneida Lake Terminal Co. owns 300 acres of lake frontage on Oneida Lake.Operates steamship line on Oneida Lake; also a pleasure park on French-man's Island.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $1,000,000 ($100) $700,000 Pref, 6 % n-c. $500,000 ($100)- 300,000 1st mtge. $1,000,000 ($1,000)1 1907 5 g J-D 550,000 May 1 1947goldc*f Trust Co. of America. New York. Trustee.Bonds.-Are subject to call at 110 on May 1 1917 or on any interest day
thereafter on 60 •days' notice. No sinking fund.ROAD.-Operates a double-track line over private right of way from
Syracuse to Oneida Lake, 10 miles. Has traffic agreement with SyracuseRapid Transit Co. to enter Syracuse. Road began operations Aug. 281908. 85-lb. Trail. Gauge, 4 feet 834 inches. 22 cars.OFFICERS.-Pres.. C. D. Beebe; V.-Ps., F. W. Roebling, Trenton.
N. J., and E. H. O'Hare, Syracuse; Sec., H. C. Beatty, Syracuse; ActingTreas.. W. W. Foster.-V. 84. p. 627, 1183.
ROCHESTER SYRACUSE & EASTERN RR.-(See map on page 112.)Controlled by the Beebe syndicate, which also controls the Auburn &
Northern and the Auburn & Syracuse.ORGANIZATION.-Incorporated in New York in October 1901. Ex-
cept in villages, all of the road is over private right of way, the franchises Inthe cities and towns being perpetual. Owns 1 mile private right of way incity of Rochester.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $6,000,000 ($100)_ $6,000,000 Pf, $2,500,000 6 %n-cum($100) 2,500,000 1st mortgage, *7,500,000,1 1905 5 g M-N 5,000,000 May 1 1945
gold. ($1,000) Of Int. at Knickerbocker Tr. Co. N. Y. • True.Bonds.-Remaining $2,500,000 reserved for 75% of cost of future exten-
sions and improvements. Are subject to call in any amount at 110 andInt. on and after May 1 1915. See V. 80, p. 2459.EARNINGS.-For year ending June 30 1910, gross, $503,218; net.
$263,067; interest, taxes and rentals, $261,962; surmus, $2,005.ROAD.-Operates a double-track road from Rochester to Syracuse. 84
miles, making 168 miles of track. Standard gauge: 70 and 90-lb. T rail.Also does a freight business. Road from Port Byron to Syracuse was com-pleted and put in operation Dec. 18 1909. Has 27 cars, besides 4 snow plowsand 3 work cars. Power house at Lyons, N. Y.; 6 sub-stations.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT., 1910.1 ELECTRIC RAILWAYS 113
OFFICERS.-Pres. L. C. Smith; Vice-Presidents, F. W. Rocbling, C. DBeebe and W. A. Ildden; Sec., C. A. Lux; Treas., W. A. Holden; Mgr..C. D. Beebe.-V. 86, p. 603; V. 87, 0. 347.
•AUBURN & SYRACUSE ELECTRIC RR.-A trolley road. (See Map
on page 112.)Is one of the roads of the Beebe syndicate, controlling the Rochester
Syracuse & Eastern, the Syracuse Lake Shore & Northern, the Syracuse& South Bay Electric, the Auburn & Syracuse Elec. and the Auburn &Northern Electric.ORGANIZATION.-Organized Sept. 30 1902 as a consolidation of the
Auburn City Ry. and Auburn Interurban Elec. RR. Franchises perpetual.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.
Common $1,250,000 ($100) $1,250,000 -- ---- Prf 6 % n curn $750,000($100) ____ 6 1:4-J 712,000 July'10, 1Auburn & Syracuse first and} 1002 5 g A-0 1,460,000 Oct 1 1942
refunding mortgage $2,- Interest at N. W. Harris & Co., New York.000,000 gold ($1,000) _ _ _c• Trust Co. of America, New York, Trustee.Bonds.-Of the $2,000,000 authorized, $540,000 is reserved for future ex-
tensions, but only when net earnings are double int. charges; subject to callat 110 and Interest on or after Oct. 1 1912. See V. 75, p. 1201
Dividends.-First dividend on preferred stock-1 %- paid Nov. 1 1904,then 1% Feb. 1 1905, May 1 1005 and Aug. 1 1905; Nov. 1 1905. 1 3.1%paid. (See V. 81. p. 1609.) In 1906. 53i%; in 1907. 6%; In 1908, 6%;in 1909, 6%; in 1010. Jan., 1 %%; April, 13,6%; July, 13.-%.EARNINGS.-For year ending June 30 1910, gross, $413,960; net,
$176,370; int., taxes & rentals, $126,756; divs., $42,000; surplus, $7,614.ROAD.-Operates about 37 miles road (55 miles of track), including
13 miles in Auburn and 24 miles from Auburn to Syracuse. Has trackageagreement with Syracuse Rapid Transit, allowing it to enter that city.Owns Lake Side Park, about 33 acres, on Lake Owasco; 51 passenger cars,2 express. 3 work and 5 snow plows; total. 61 cars.OFFICERS.-Pres. and Gen. Mgr. C. D. Beebe; V. P., H. S. Holden;
Treas., W. A. Holden; Sec.. A. M. Michael.-V. 81, p. 1609.
AUBURN & NORTHERN ELECTRIC RR. (See Map on page 112.)ORGANIZATION.-Organized in New York in 1904. In May 1907 the
New York Railroad Commissioners granted permission to increase stockfrom $250,000 to $1,500,000. V. 84, p. 626. Private right of way, exceptin Auburn and Port Byron, where franchises are perpetual.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $1,000,000 $200,000 Preferred, $500,000 200,000 Aug'10,U%First mortgage, $1.,000:0001 1905 5 g M-N 250,000 May 1 1945($1,000) gold c• (The Trust Company of America, Trustee.Bonds.-Are subject to call on or after May 1 1915 or any Interest period
thereafter on 60 days' notice at 110. No sinking fund.Diridends.-% % paid each Feb., May and Aug. 1910.EARNINGS.-For year ending Juno 30 1910, gross. $48,530; net,
$26,429; other Inc., $88; Int., taxes & rentals, $13,980; divs., $3,000;surplus, $9,537.ROAD .-Consists of 9.04 miles of track between Auburn, where It connects
with the Auburn & Syracuse Elec. RR., and Port Byron, connecting atlatter point with Rochester Syracuse & Eastern RR. 70-lb. T rail incountry; 90-lb. girder in city.OFFICERS.-Pres., E. D. Metcalf, Auburn; V.-P. and Gen. Mgr.
C. D. Beebe, Syracuse; Sec., H. C. Beatty; Syracuse; Treas., W. A. HoldenSyracuse.-V. 84, p. 626.
SYRACUSE & SUBURBAN RR.-A trolley road.In Feb. 1909 a syndicate headed by Mr. John J. Stanley, Vice-President
of the Syracuse Rapid Transit, purchased the stock of the Syracuse &Suburban. V. 88, p. 507.ORGANIZATION.-Chartered June 20 1895. Franchises are perpetualSTOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock ($400.000 ($100) $400,000 First mtg $400,000 ($500 and) 1897 5 g F A 400,000 Aug 2 1927$1,000) gold c Int. at Fidelity Trust Co., Phila.. trustee.
New cons mtg $550.000 ($5001 1003 5 g M N 150,000 May 1 1053and $1,000) gold c*J Int. at Fidelity Trust Co., Phila., trustee.Bonds.-Of the 1903 cons. mtg.. $400.000 are reserved for prior liens.EARNINGS.-For year en ling June 30 1910, gross, $118,704; net, C:3,-
547; charges, $40,013; surplus, $13,534.ROAD.-Operates 18.08 miles of track from Syracuse to Edwards Falls,
with branch from Orville to Jamesville. Standard gauge; rails, 60 and 90
lbs.•' 17 passenger and 5 other cars.
OFFICERS.-Pres., C. Loomis Allen; V.-P., Wm, P. Gannon; Sec.,Willis H. Mitchell; Treas., Alan C. Forbes.-V. 76, p. 1302; V. 88, p.507.
TAMPA, VLORIDA.TAMPA ELECTRIC CO.-Trolley.ORGANIZATION.-Incorporated in Florida on Oct. 31 1899. Owns
entire street railway and the entire electric lighting plants in Tampa andPort Tampa. Franchise is for 999 years from 1899. $75,000 stock Is heldby the Public) Service Investment Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $1,700,000 (3100) M-N 15 $1,700,000 May16'10,4%1st mtge. 32,000,000 (31,000) 1908 5 J-D 591.50 June 1 1033and $500) gold _e• ant. at American Trust Co Boston, trustee.
Notes payable July 31 1910_ 300,000 Bonds.-Remaining bonds are reserved for extensions and improvements.
Bonds are subject to call at 105 and int. on any Int. date. Sink, fund of 1%of bonds outstanding yearly is to be applied to purchase of bonds at notover 105 and int bonds so bought to be canceled; $8,500 have been can-celed. V. 86, p. 1468.
Dividends.-5% semi-annually for several years up to Nov. 1907, whena dividend of 2% was paid. In 1908.7%; In 1909, 7%; in 1910, May, 4%,REPORT.--For 12 months ending Dec. 31 1909, gross, $506,303; net,
$250,190: int. and taxes, $47,004; sink. fund, $8,964; dlys., $119,000; sur-plus, $75,231; in 1908, gross, $552,574; net, $184,665; charges and taxes.$36,024; sinking fund, $3,750; divs., $119,000; balance, $25,891.ROAD.-Operates 41.8 miles of track in Tampa and to Port Tampa.
Standard gauge. Rails, 40 to 60 lbs. 64 cars. Owns 2 amusement parks.OFFICERS.-Pres. Geo. J. Baldwin; V.-Ps., P. 0. Knight and Chas.
F. Wallace; Treas., Henry B. Sawyer; Sec., Alvah K. Todd; Gen. Mgr. andTransfer Agents, Stone & Webster. Boston.-V. 78, p. 1966; V. 81. n• 1611;V. 85, p. 1271; V. 86, p. 1345; 1468: V. 87, p. 347, 546; V. 00, p. 1045.
TARENTUM, PA.ALLEGHENY VALLEY STREET k V. CO.ORGANIZATION.-Incorporated Jan. 1906 In Pennsylyanla as a
consolidation of tile Tarentum Passenger By., Harmer St. By. and O'HaraSt. By. V. 82, p 1039.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $2,000.000 (350) _ _ ___ $2.000,0001st mtge. $2,000,000. gold 1006 5 g F-A 1,460,000 Feb 1 1036
not redeemable c&riTnt. at Union Tr. Co., Pittsburgh, trustee.EARNINGS.-For year ending June 30 1909, gross. $169,817; net.
$61,184; fixed charges, $75,573; deficit, $14,389.ROAD. -Onerates 22 miles of track connecting Aspinwall, Natrona,
Arnold, Tarentum and Parnassus. Road Is now ybse.in&.opfaautireed5dge.ellzinto Pittsburgh over the tracks of the Pittsburgh RInches. 80-lb. girder rail.OFFICERS.-Pres.
' W. L. Mellon; Sec., Geo. S. Davison; Treas., R. B.
Mellon; all of Pittsburgh (Frick Bldg. Annex); Gen. Mgr., Frank McCoy.Tarentum. V. 82. p. 1030.
TAUNTON, MASSACHUSETTS.TAUNTON & P A WT UC KET STREET R Y.-TrolleY.Default.-Interest due Jan. 1 1909 on the $200,000 Bristol Co. bonds
was defaulted. V. 88, p. 453. For bondholders' committee, see V. 88,p. 884. In June 1909 the Federal Trust Co. of Boston, as trustee, appliedto the Superior Court at Boston for the appointment of a receiver. V.88,
p. 1622.
ORGANIZATION.-Successor in 1905 to the Bristol County Street Ry.sold at receiver's sale Dec. 17 1904, subject to the mortgage given belowIs authorized to carry freight. Franchises perpetual.STOCK AND 130NDS- Date. Interest. Outstanding. Maturity.
Stock $100,000 ($100) _ _ _$210000:000000 Jan 1 1921Bristol Co 1st mtg $250,0001 190i iszjj
($1,000) gold c*J Interest at Federal Trust Co., Boston, trusteeCurrent liabilities Sept. 30 1009 58,005 Bonds.-Bonds could formerly be called for payment on Jan. 1 1906 at
105 on four week's notice but by a supplemental mortgage dated Aug. 201901 right was rescinded.
EARNINGS.-For year ending Sept. 30 1909, gross, $52,494; net$6,158; charges, $12,120; deficit, $5,962.ROAD.-Owns 1754 miles of track, 90-lb. girder and 56 and 60-lb. T
rail. Operates 5 miles additional, total operated, 22 miles. 15 cars.OFF10ERS.-Pres., John A. Arnold; Treas.. Geo. H. Newhall; Sec.,
Jas. W. Burke; Gen. Mgr., A.0. Ralph. V.70, p.2746; V.88, p.453.884.1622.
TEMPLE, TEXAS.BELTON & TEMPLE TRACTION CO.-A trolley road.Sold.-On May 3 1910 was sold at foreclosure to interests representing
bondholders. V. 90, p. 1295. Road is being operated by them.EARNINGS.-For calendar year 1909, gross, $43,337; net, after taxes,
$12,823; interest and rentals, $14,218; deficit, $1,395.ROAD.-Operates 14.3 miles of track (incl. 2d track) between Temple
and Belton, Tex. Rails, 60 and 70-1b. T. Standard gauge.-V. 90,p. 501, 913, 1295.
THOMPSONVILLE, CONNECTICUT.HARTFORD & SPRINGFIELD STREET R Y.-A trolley road.For statement of this company see "Electric Ry. Sec." of June 25 1910.
TOLEDO, OHIO.TOLEDO RAILWAYS & LIGHT CO.-A trolley road.-(See Map on
page 114.)ORGANIZATION.-Incorporated in Ohio on July 1 1901 as a reorgani-
zation of the Toledo Traction Co. Comprises all the street railways inToledo; also all electric-lighting, power and gas business of the city. Hascontract with city for street lighting until Jan. 1 1917. Also owns entirecapital stock of Maumee Valley Rys. & Lt.. entire $10,000 stock of theOttawa Park St. Ry., which owns a short line running to Ottawa Park. andentire stock of the Adrian St. By. Co. (4 miles), operating In Adrian, Mich.Leases and owns all the stock and bonds of the Toledo Ottawa Beach &Northern By. On June 1 1907 purchased, through an exchange ofstock, all the property and franchises of the Toledo Gas, Elect. & HeatingCo., 3 shares of this co.'s stock being given for 4 shares of Toledo Gas.Elec. & H. Co.'s stock. V. 84. p. 1249. In March 1907 purchased entirestock of the Toledo do Western RR. On June 15 1907 stockholders author-ized the Increase of capital stock from $12,000,000 to $15,000,000. V. 84,p. 1553. In Sept. 1902 stock was listed on N. Y. Stock Exchange. StreetRailway franchises on certain streets expire Nov. 9 1910, but larger part ofsystem is operated under ordinances which expire in 1913 to 1916 inclusive.1929, 1930 and 1932. Gas, light and power franchises are perpetual. InApril 1908 agreed to pay city $242,612 in semi-annual installments in settle-ment of certain claims by city. V. 86, p. 1345.
Default.-Interest on the $4,866,000 new consol. mtge. was defatlitedJuly 1 1908, as was also Interest on the $1,250 000 1st mtge. bonds of thecontrolled Toledo & Western Ry. (which has since been paid), and $250,0001st mtge. bonds of the Toledo Fayette & Western Ry. (which has since beenpaid). A report recommending the expenditure of $3,000,000 for improve-ments and additions has been submitted by expert engineers to the re-organization committee. V. 88, p. 507, 1198, 1255. $500,000 is being(Sept. 1910) expended for immediate necessities.A reorganization committee has been formed to represent bondholders
and creditors In endeavor to readjust the affairs of company so as to preventa receivership. See V. 86, p. 1226. A majority of the 4% consols has beendeposited with said committee. V. 88, p. 1198, 1255; V. 89, p. 105. Astockholders' protective committee has also been formed. V. 89, p. 105.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $15,000.000 M-N $13,875,000 May '07,1 %New consolidated mortgage( 1901 4 g J-J 4,866,000 July 1 1909($1,000) Z. $12,000.000c&ri U. S. Mtge. & Trust
Co.. N. Y.. trustee.
Interest at Kean, Van Cortlandt & Co., N.Y.Tol Flee St Ry 1st mtg. 331 1892 5 g F-A 700,000 Feb 1 1912
miles, gold, $1,000 0' lint. at Blair & Co., 24 Broad Street, N. Y.Tol Traction consol mtg, $6,-1 1896 6 g J-J 5,300,000 Jan. 1 1912000,000, g (31.000) c• lInterest at Guaranty Tr.
Co.. N. Y. trustee.
Toledo Gas, Electric & H Co} 1905 5 A-0 1.905,000 Oct 1 1935mtge. $2,500,000 (41,000, Interest at Ohio Savings Bank & Trust Co..$500 and $100) Toledo, Trustee.
2d Nat. Bank, Toledo, trustee.Tol Heat & Lg Co, 3500,000 1 1901 5 J-J 336,000 Jan 1 192($1,000) guar p&I fInt. at Secur. Say. & Tr.
Co.' Tol., trustee.
Notes payable Dec 31 1909 1 .639.085 Bonds.-$4,234,000 Tol. Trac. consol. mtge. bonds of 1896 and $1,066,000
Tol. Consol. St. Ry. 1st mtge. bonds matured July 1 1909; the Tol. Con. St.Ry. bonds were exchanged for bonds of the Toledo Trac. Co. and then thetotal issue of Tol. Trac. bonds, aggregating $5,300,000, was extended toJan. 1 1912, rate of int. being raised from 5% to 6%, but to be subject toredemption on 60 days' notice. V. 88, p. 1501. They cover all the railway,subject to divisional lien of $700.000, and area first lienon the new CentralStation and other realty. Of the Tol. Rys. & Lt. Co. mtge. for $12,000,000,$6,000,000 are reserved to retire all the underlying bonds and $1,134,000 arereserved for impr'ts. They are subject to call at 10254 and int. on anyinterest date after 30 days' notice. The Tol. Gas, Elec. & H. Co. bondsare guar. by endorsement by the Tol. Ry. & Light Co.; $448,000 are reservedfor prior liens. They are not subject to call. The Tol. Gas Lt. & Coke Co.and Tol. Heat & Light Co. are guar. principal and int. by Tol. Rys. & Lt.Co.Former Issue was extended to July 1 1909, then to Jan. 1 1912.Dividends.-The first dividend-1 %-was paid on May 1 1905 and 1 %
was again paid Nov. 2 1905. In 1906, 2%. In 1907, May, 1 %; Nov. divi-dend passed.REPORT.-Year ending Dec. 31-
Fixed charges_ 778,286 755,424 708,167 509,607Surplus $327,554 $313,307 $314,700 $466,23()• 1907, 1908 and 1909 figures Include earnings of Tol. Gas, Elec. & Heat-
ing Co.ROAD.-Operates 125.7 miles of track. Has 318 cars.OFFICERS.-Pres., Albion E. Lang, Toledo; V.-P. & Gen. Mgr., L. E.
Bellstein, Toledo; Sec., H. S. Swift, Toledo; Treas., S. D. Carr, Toledo; Asst.Gen. Mgr., John F. Collins.-V. 88, p. 54, 376, 449, 507, 1198, 1255, 1374,1501; V. 89, p. 105; V. 90, p. 504, 843, 1297.
111 The Maumee Valley Railways & Light Co.-Trolley.Default.-Interest due Sept. 1910 on 1st mtge. 4 54s is in default. Int.
on 1st 5s has been paid to date.ORGANIZATION.-A consolidation in Dec. 1902 of the Toledo & Mau-
mee Valley Ry. and the Toledo Waterville & Southern Ry. Entire stockis owned by the Toledo Railways & Light Co. All of the 1st M. 4 54s areowned by Tol. Rys. & Lt. Co.STOCK AND BONDS- Date. Interest, Outstanding. Maturity.
Stock, $1,000,000 See text. Tol & Maumee 1st mtg,1 1895 5 g M-S $300,000 Mch 1 1920$300,000 • lint. at Metropolitan Tr.
1 1920 Co. N. Y. trustee.Y..
Maumee Val Rys & Lt 1st M,1 1902 43.4 g M-S 500,d00 Mc $1,000,000 ($1,000) g_c& 1 Morton Trust Co., New York, trustee.Bonds.-Of the new 4 54s, $300.000 are reserved to retire the first 5s of the
Toledo & Maumee By. Guai. by endorsement by Tol. Rys. & Lt. Nos 1. on the 454s, but they can be called on or after Mch. 1 1915 at par on30 days' notice. Int. payable at Kean, Van Cortlandt & Co.'s office, N. Y.ROAD.-Operates 21.53 miles of track.OFFICERS.-Pres. John F. Collins; V.-P., Wm. F. Nutt; Sec., E. R.
.Effler; Treas. H. S. gwift.-V. 75, p. 1354.(2) Toledo & Western RR.-An electric railroad with steam freight ser-
vice.Default.-Interest on the con. & ref. mtge. was defaulted April 1 1908.ORGANIZATION.-Incorporated in Ohio on Dec. 11 1906 and Is a re
organization of the Toledo & Western Ry. V. 84, p. 272. Carries freightas well as passengers. We are advised that franchises are mostly perpetual,although one or two expire about 1930. Entire stock is owned by the Tol-edo Rys. & Light Co. All 1st M. interest has been paid to date.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $2,000,000, $100 See text T & W Ry 1st mtg. $1,250,-1 1901 5 g J-J $1,250,000 July 1 1926000, gold ($1,000) , no s f,}Int. at Cleveland Trust Co.. Cleveland, tr'teeand cannot be called 1 or at Nat. Bank of Commerce, N. Y.
T & W Ry con and ref mtg,( 1905 5 g A-0 500,000 April 1 1930$2,000,000. gold ($1,000)0i Interest at Cleveland Trust Co., trustee. or•I at National Bank of Commerce, N. Y
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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OCT., 1910.1 ELECTRIC RAILWAYS 115
Bonds.-Of the new $2,000,000 bonds, $1,500,000 is reserved to retireprior liens. Mortgage was originally for $2,500,000, but $500,000 whichwere reserved for future improvements have been canceled. See V. 84p. 272. Are subject to call on and after April 1 1915 at 105 and interest.ROAD.-Owns 84 miles of track, from Toledo to Fayette and Pioneer.
Ohio, with branch to Adrian, Mich. Has trackage agreement with ToledoRye. & Light Co allowing its cars to enter Toledo; 95% private right ofway, except in cities. Rails, 60-lb. T.EARNINGS.-For year ending Dec. 31 1908, gross, $252,796; net.
471,936; interest and taxes, $108,914; deficit, $36,978.OFFICERS.-Pres., John F. Collins; V.-P., W. F. Nutt; Sec., E. R.
Effler; Isreas., H. S. Swift.-V. 84, p, 272, 750; V. 87, p. 39. 1358
(a) Toledo Fayette & Western Ry.-An electric railroad.Default.-Default occurred on interest due July 1 1908 on the $250,000
first mortgage bonds, but interest was subsequently paid, as have all suc-ceeding coupons.ORGANIZATION.-Incorporated in Ohio. Stock all held by Toledo &
Western RR. Co.STOCK AND BONDS- Date. Interest. Outstanding. Maturity
Stock, $250,000 ($100) ___ $250,000 1st mtg, $250,000 gold( 1902 5 g J-J 250,000 July 1 1927($1,000) c*i Int. at Cleveland Trust Co., Cleveland, trust,
I or at Nat. Bank of Commerce, New York.Bonds.-No s. f.
' but bonds are subject to call on and after July 1 1912
at par and accrued interest Are guaranteed both as to principal and In-terest by the Toledo & Western Ry.ROAD.-Runs from Fayette to Pioneer, 14 miles, which is included in
the mileage of the Toledo do Western Ry. above. Standard gauge 60-lb.T rail.-V. 75, D. 1255
• TOLEDO BOWLING GREEN & SOUTHERN TRACTION.-A trolley
road.ORGANIZATION.-Incorp. In 1901 as a consolidation, by purchase,
of the Findlay St. Ry. the Toledo Bowling Green & Fremont By. and theHancock Light & Power Co. of Findlay, 0., furnishing 5,000 incandescentlights and 400 arc lights The Franklin Bank of Cincinnati offered thebonds for sale in May 1901. Formerly leased to the Toledo Urban & Inter-urban Ry., but rental due April 1 and July 1 1908 having been defaulted,lease was canceled.The entire property of the Tol. Urban & Interurban By. was sold on
Aug. 23 1909, under foreclosure, to the Toledo & Findlay By. Co., whichproperty was afterwards purchased by Toledo Bowling Green & SouthernTract. Co., and the latter company assumed Its bonded debt. V. 88, p.1439; V. 89, p. 105, 412.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $1,500,000 $1,125,000 Preferred, $750,000 (cum) 750,000 Aug'10,1st mtge, $1,500,000, gold 1901 5 g M-N 1,225,000 May 1 1921($1,000, $500) j Int. at Central Tr. & Safe Dep. Co., Cin., Tr.
Tol & Findlay mtge, $500,-1 1910 5 J-J 500,000 Jan 1 1935000, gold I Union Savings Bank & Tr. Co., Cin., Trustee.
Findlay St 1st con mtge,( 1899 5 g J-D 275.000 Dec 1 1924$275,000, gold Central Tr. & Safe Dep. Co., Cin., Trustee.
Interest at Metropolitan Trust Co., N. Y.Bonds.-Of the bonds of 1901, $275,000 are reserved to retire Findlay St.
By. bonds. The Tol. de Findlay mtge. Is a first mtge. on the property ofthe acquired Toledo Urban & Interurban By.
Dividends.-Initial div.-134%-paid on pref. stock Aug. 1 1910.ROAD.-Comprises 71 V, miles from Toledo to Findlay and Perrysburg:
60-lb. and 72-lb. T and girder rails. Owns 30 passenger and 3 express cars.EARNINGS.-For 6 mos. ending May 311910, gross, $170,210; net, after
taxes, $82,785; charges, &c., $49,177; surplus, $33,608.OFFICERS.-Pres., John KlIgour, Cincinnati; V.-P., Harry J. Gibson;
Sec. & Treas.. A. J. Becht, Cincinnati; Gen. Mgr., Chas. F. Smith, Findlay.Offices, Findlay, 0.-V. 87, P. 98; V. 88, p. 507, 1439; V. 89, p. 105, 412,471, 529, 1543; V. 91, p. 155.
TOLEDO FOSTORIA & FINDLAY RY.ORGANIZATION.-Incorporated in 1900. •STOCK AND BONDS- Date. Interest. Outstanding. Maturity
Stock common ($100). $700.000 Stock, pref. 5% cum. ($100)-. Q-J 700,000 See text.First mortgage $450,000 gold! 1900 5 g A-0 417,000 Oct 1 1920($1,000) c ;Interest at Cleveland Trust Co., Cleve., True.Bonds may be called at any time. Sinking fund began July 1 1905;
$33,000 bonds have been retired.Dividends.-13(% is being paid quarterly on preferred stook.EARNINGS.-For calendar year 1909, gross, $139.404; net, $67,385.ROAD.-Operates 50 miles between Toledo, Fostoria and Findlay
Portions between Pemberville and Toledo put in operation in June 1908.OFFICERS.-Pres.. J. B. Reeves, Canal Dover: V.-P., F. W. Adams
Fostoria; Sec. and Treas.. A. J. Krantz. Canal Dover.-V. 78. p. 704.
TOLEDO & INDIANA TRACTION CO.-A trolley road.ORGANIZATION.-Incorporated in Ohio on Feb. 8 1910 as successor
of the Toledo & Indiana By., sold under foreclosure on Jan. 18 1910. V. 90,p. 237, 448. Stock, $400,000. $400,000 temporary bonds have been issuedto pay off minority bondholders.EARNINGS.-Of Toledo & Indiana Ry. for calendar year 1909, gross,
$194,000; in 1908, gross, $187,000.ROAD.-Operates 55 miles over private right of way from Toledo west-
erly to Bryan. Enters Toledo over tracks of Toledo Rys. & Light Co.An extension to Ft. Wayne Is proposed.OFFICERS.-Pres., S. C. Schenck; V.-P., S. D. Carr; Sec., C. F. Chap-
man Jr.; Treas., D. D. Schenck, allot Toledo.-V. 90, p. 448, 915, 978.
TOLEDO PORT CLINTON & LAKESIDE RAILWAY CO.ORGANIZATION.-Incorporated in Ohio Dee. 18 1902. Franchises
perpetual.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock $1,800,000 ($100) _ $1,800,000 First mtge $1,500,000 gold! 1903 5 M-N 1,500,000 Nov 2 1928($1,000 and $500) c I Int. at Secur ty Tr. Co., Toledo. Trustee.Bonds.-Subject to call at 105.EARNINGS.-For years ending Jan. 31 1910, gross, $180,322; net,
$90,199. In 1909, gross, $176,062; net, $79,186.ROAD.-Operates 54 miles of track from Toledo to Elmore, Oak Harbor,
Port Clinton and Marblehead. In addition operates a line during thesummer months to a point called Ohlemacher's, two miles east of Marble-head, thus making direct connections with Cedar Point and Sandusky.In Toledo operates on about 3 miles of the Toledo Railways & Lighttrack. Standard gauge. 70-1b. T rail.OFFICERS.-Pres. and Gen. Mgr., Theo. Schmitt; V.-P., E. A. Powers;
Sec.. H. F. Shunck; Treas.. Geo. H. Breymann. all of Toledo.-V.79, p.2458.
TOPEKA, KANSAS.TOPEKA RAILWAY.-Trolley.In 1910 Illinois Trac. Co. secured control of road.
ORGANIZATION.-Ine'd under general railway laws of Kansas in 1892in 1903 absorbed the Vinewood Park Railway and made a new mortgagefor $1,250,000. On June 4 1903 obtained a new 30-year franchise.running from that date, with the provision that £400,000 be expendedwithin three years on the system. When earning exceed 10 % on investment, city I. to receive compensation. Also has secured franchisesIn perpetuity on county roads now occupied, with privilege of hauling freight.City agreels never to reduce rates to where company will earn less than 10%on stock. The city is to receive 10% of earnings remaining after 10% hasbeen earned. Upon expiration of franchise city has the right to acquirethe property, but not before. V. 76, P. 886, 1302.STOOK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $1,250,000 ($100) $1.250,000 f.p let mtg, $1,250,000, gold 1904 5 g J-J 1,120,000 an 1 1930($1,000) • _ _ e• lint. at Am. Trust &Say. Bk., Chic., trustee.Bonds.-Remaining bonds are reserved for 80% of cost of new power
house and for betterments and additions. Fifteen bonds per annum, be-ginning with No. 1, can be called at 105 and interest until Jan.! 1915, whenentire issue is subject to call at that price. $15,000 have been retired. Aa. f. began Jan. 1 1910, which is sufficient to retire $15,000 per ann. at105 and interest.EARNINGS.-For calendar year 1909, gross, $382,704; net, $173,537;
ROAD.-Owns 33 miles of trolley; 70. 75 and 80-lb. rail; 60 motor carsand 22 trailers.OFFICERS.-Pres., W. B. McKinley, Champaign, Ill.; V.-F., L. E
Myers, Chicago; Sec. and Treas., L. D. Mattis.-V. 81, p. 728; V. 82, p.101; V. 90, p. 915, 978.
TRENTON, N. J.NEW JERSEY & PENNSYLVANIA TRACTION CO.-A trolley road.In Jan. 1909 a creditors' committee took over the management of this
company and that of the Trenton New Hope & Lambertville St. By. Acreditors' agreement providing for the extension of the indebtedness untiJan. 1 1911 and the placing of the property in the hands of the committeehas been accepted by the creditors. The agreement does not provide forthe actual deposit of securities. V. 88. p. 101ORGANIZATION.-Incorporated in New Jersey on Nov. 11 1901 and
is a consolidation of the Trenton Lawrenceville & Princeton RR., the Trenton Lawrenceville & Princeton Extension RR., the Prineeteact Street Ry.the Yardley Morrisville & Trenton Street By., the Newtown & YardleyStreet By. and the Trenton City Bridge Co. Entire stock and bonds othose companies is deposited under the mtg. of the N. J. & PdAn. TractionCo. Also owns all the stock and bonds of the Trenton New Hope & Lambertville St. Ry., which securities are also deposited under the N. J. &Penn. Trac. 1st mtge. Franchises are perpetual, except.in Trenton, whichIs for 50 years from 1903.1STOCK AND BONDS- Date. Interest. Outstanding. Maturity
Stock, $1,000,000 ($100) _ $1,000,000 1st Mtg $3,000,000 gold 1 1902 4 g M.N 1,430,000 Nov 1 1932($1,000) c*J Int. at Trenton Tr. & Safe Dep. Co., trustee.Bonds.-Bonds are subject to call on 60 days' notice at 110.ROAD.-Comprises 37 miles of track from Trenton to Princeton, N. J.,
from Trenton to Newtown. Pa., via Morrisville and Yardley, and fromYardley, Pa., through New Hope, Pa., to Lambertville, N.J. Gauge, 4 ft.834 in. and 5 ft. 234 in.; 70 and 80-lb. T rail; 85 & 90-lb. girder.EARNINGS.-For year ending Dec. 31 1909, gross. $158.720: net,$58.988OFFICERS.-Pres. and Gen. Mgr., C. M. Bates: Sen. and Treas.. B. W
Davenport.-V. 83, p. 213, 272; V. 88, p. 101.
TRENTON STREET RY.-Is controlled by the United Power & Trans-Donation Co.. which see on a preceding page.
TRINIDAD, OOLO.COLORADO RAILWAY. LIGHT & POWER CO.ORGANIZATION.-Incorporated in Colorado Jan. 4 1910 as successor
to the Southern Colorado Power & By., sold at foreclosure Dec. 24 1909,V. 90, p. 111. Supplies electricity to mines and cities of Las Animas andHuerfano counties, Colo. Controls the entire gas, electric light and streetrailway business of Trinidad, Colo., and operates an interurban railway con-necting Trinidad with Thomasville, Cokedale, Jerryville, Piedmont, Jansen,Starkville and Sopris. Gas and electric/ram/48es run for 20-30 years; streetrailway franchises run for 50 years from 1903.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $5.000,000 ($100) _ $5,000,000 First mtge $5,000,000 gold) 1910 5 g F-A 1,463,000 Feb. 1 1950($100, $500 and $1,000) _0 f Interest at Central Trust Co., N. Y. trustee.Bonds are not subject to call. Sink. fd. of $50,000 annually begins In
1913 for purchase of bonds at 105 and interest. V. 90. n.167.ROAD.-Owns and operates 20 miles. Rail, 60-lb. T; standard gauge.OFFICERS.-Pres., Frank P. Read; V.-P., Fred T. Henry; Sec.,Rich-
ard McKnight; Treas., A. L. Abrahams; Mgr., F. P. Wood.-V. 90, p. 167.
TROY, N. Y.TROY & NEW ENGLAND R Y.-A trolley road.On July 1 1907 control was acquired by the Delaware & Hudson Co. In-
terests, all indebtedness was adjusted, receiver discharged, and officerselected as below. V. 85, p. 100.ORGANIZATION.-Incorporated Dec. 27 1889. Mostly private right
of way. Franchises perpetual.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $350,000 ($100) _______ $180,000 1st mortgage $160,000 gold). 1895 5 g F-A 160,000 Aug 1 1945$500 J Interest at office of company, Alblny. N. Y.ROAD.-Total track. including sidings. 10 miles; standard gauge, laid
w th 65 lb. rail: running from Albla to Averill Park.EARNINGS.-For year ending Dec. 31 1909, gross, $34,766; net, $18.720;
other income, $451; charges, &c., $11,102; surplus, $8,069.OFFICERS.-Pres., L. F. Loree, New York; V -P., C. S. Sims, Albany;
2d V.-P., W. H. Williams. New York; See.-Treas., James McCredie,Albany; Compt., W. H. Davies, N. Y.; Asst. Compt., E. W. Porter, N. Y.;Gen. Mgr., Edgar S. Fassett, Albany; Aud., G. W. Ogsbury, Albany.-V. 83, p. 437; V. 85, p. 100.
p. 793) and purchased the Tuscaloosa Belt By. Co., which operated 12miles between Tuscaloosa and Holt.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $7,500,000 ($100)_ $5.000.000 Pref $2,500,000 ($100) 6% n-c. 500,000 First mortgage $10,000,0001 1907 5 g A-0 400,000 Oct 1 1957($1,000) gold f Int. at Carnegie Trust . Y., Trustee.Bonds.-Subject to call on and after April 1 1912 at
Co.,108 and Interest.
No sinking fund.ROAD.,--Operates 12 miles from Tuscaloosa to Holt, which is being
electrified. Will construct an electric line for passengers and freight be-tween Tuscaloosa, Birmingham and Gadsden, 170 miles. The company Isoperating a line elf steamers and barges between Tuscaloosa and Mobile andMontgomery and Mobile.OFFICERS.-Acting Pres. & V.-P.. J. M. Dewberry; Sec., R. D. John-
ston Jr.; Treas., Lewis Minor, all of Birmingham.-V. 86, p. 793.
VICKSBURG, MISS.VICKSBURG TRACTION CO.ORGANIZATION.-Incorporated June 7 1908 in Mississippi and took
over the railway property of the Vicksburg Ry. & Light Co. which was soldsubject to the first mtge.; V.86, p. 1161. The electric-lighting business wastransferred to a separate company, viz., the Vicksburg Lighting Co. The$400,000 mtge. of 1903 has been assumed and spread over the property asfollows: Vicksburg Trac. $200,000; Vicksburg Lt. & Pow. Co.,125,000,and the Electric Pow. CO. (owning old power house and some real estate).$75,000.STOCK AND BONDS.- Dale. Interest.. Outstanding. Maturity.
Stock $10,000 $10,000 Vicksburg Ry & Light, $400,-1 1903 5 g J-J 400,000 July 1 194$000, gold ($1,000) c*JInter-State Tr. & Bkg. Co.. New Orl.. trust.Bonds.-Interest payable at New Orleans and New York. No sinking
fund and bonds are not subject to call.EARNINGS.-For cal. year 1909, gross, $76,077; net, $19,443.ROAD.-Operates 10 miles of track: standard gauge; 45 and 80-1b. Trails,OFFICERS.-Pres., S. S. Buills; V.-P. & Gen. Mgr.. W. B. Moorman:
Sec. and Treas., J. B. Moorman.
VINCENNES, IND.VINCENNES TRACTION CO.ORGANIZATION.-Vincennes Citizens' St. By. purchased the Vin-
cennes Trac. & Lt. Co. in Dec. 1909 and changed name to Vincennes Trac.Co. New company issued $350,000 stock and canceleu all com. & pref. ofVincennes Trac. & Lt. Co. except 5 shares corn. representing certain charterand franchise rights. Franchises expire 1931.STOCK AND BONDS- Date. Interest, Outstanding. Maturity.
Stock $350,000 Vin T&L ref mtge. $600,000 1906 5 g M-N None Jan 1 1923($1,000) gold c• Int. at Mercantile Tr. Co., St. Louis, Trustee,
Vin Citizens' St By first mtge 1903 5 J-J 200,000 1923$200,000 ($500) c Knickerbocker Trust Co., N. Y., Trustee. •
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116 ELECTRIC RAILWAYS Lxxxxi.
Bonds.-Of the refunding bonds $200,000 are reserved to retire VincennesCitizens' Street By. issue and $350,000 for improvements; $50,000 are intreasury of company. Subject to call at 102%. No sinking fund.ROAD.-Operates 8.11 miles in city of Vincennes. 56-70-1b. T rail.
Standard gauge. Various extensions have been proposed.EARNINGS.-For calendar year 1909, gross, $62,838; net, $24,947; int..
$10,000; surplus, $14,947; in 1908, gross, $61,164; net, $21,327; charges,$10,040: surplus, $11,287.OFFICERS.-Pres.. S. A. Culbertson; V.-P. and Mgr., S. S. Bush; See.,
Attilla Cox. V. 88, p. 1004.
WACO, TEXAS.CITIZENS' RAI LWAY.-A trolley road.ORGANIZATION.-Incorporated in Texas February 1877.STOCK AND BONDS- Date. Interest, Outstanding. Maturity.
(St. Louis Union Tr. Co.,St. L., Mo., trustee.Operates about 19 miles of track. Pres. and Gen. Man.. H. C. Scott:
Sec., A. D. Brinkerhoff; Supt.. W. S. Rathell -V 66 p 84: V. 77. p 2035.
WARREN, MASS.WARREN BROOKFIELD & SPENCER STREET RY.-Operates 20
miles of track between Warren. West Warren, Brookfield, West Brookfield,North Brookfield and Spencer. 17 passenger cars. Stock, $150.000.Bonds, $125,000. "Current liabilities," June 30 1910, $65,353. Earningsfor 9 mos. ending June 30 1910, gross, $36,868; net, $6,624; charges, $9,007;deficit, $2,383. Pres. & Gen. Mgr., Robt. Redford, Lawrence; V.-P., EwenR. McPherson, Cambridge; Sec. and Treas., Augustus Nickerson, Boston,
WARREN, PA.WARREN & JAMESTOWN STREET Ry.-A trolley road.ORGANIZATION.-Incorporated in New York and Pennsylvania and
consolidated Jan. 15 1904. Private right of way, except in Jamestown,where company has a 50-year franchise and 3 or 4 miles of public, right ofway, for which perpetual franchises are held.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
(Interest at Warren (Pa.) Trust Co., Trustee.Second mortgage $100,000.) 1908 6 % 100.000 Jan 1 1918
gold, not redeemable Jlnterest at Warren (Pa.) Trust Co., Trustee.Dividends.-In 1908, 4%; in 1909, 8%; in 1910. Apr.. 2%.EARNINGS.-For 12 months ending June 30 1910, gross, $91,220; net,
$47,690; interest and taxes, $25,622; surplus, $22,068.ROAD.-Operates 21% miles of track from Warren, Pa., to Jamestown.
N. Y. Enters Warren over tracks of Warren Street Ry. Does an expressbusiness. Standard gauge. 70 -lb. rails. 6 cars.OFFICERS.-Pres. and Gen. Mgr., David H. Siggins; V.-P., Homer M.
Preston; Sec. and Sup.. S. Q. Smith; Treas., John M. Siegfried, all ofWarren.-V. 85. p. 1520; V. 86, p. 482.
WARSAW, IND.WINONA INTERURBAN RY.-A trolley road.ORGANIZATION.-Entire common stock is held by directors. Fran-
chises are for 50 years. Leases the Winona & Warsaw By. ($10,000 stockand $44,000 bonds), operating 4 h miles of track, for 99 years from Jan. 1 '10STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common, $500 ,00C ($100)_ See text Pref. $600,000 6 % cum_ $600,000 Goshen Div 1st mtge $750,-1 1905 5 g J-J 750,000 July 1 1925000 gold ($500 and 51.000) lInt, at First Trust & Say. Bank, Chic., Trus.
Peru Division first mortgage, 1906 A-0 1,400,000 Oct 1936$1,500,000, gold Union Trust Co., Indianapolis, Ind.,Trustee.Bonds.-Gosnen Division bonds are a lien only on the section of road be-
tween Warsaw and Goshen. Are subject to call at 105 and Int. on any int.date. Peru Division bonds ate a lien only on section of road between Peruand Warsaw.EARNINGS.-For calendar year 1909, gross. $129,538; net, $38,714.
In 1908, gross, $114.862; net, $29,362.ROAD.-Operates 70 miles between Goshen and Peru. Leases 4 IX miles
of track between Warsaw and Winona Lake.OFFICERS.-Pres., H. J. Heinz. Pittsburgh; V.-P. & Gen. Mgr., W. D.
Frazer, Warsaw; Sec. and Treas.,H. C. Anderson, Pittsburgh; Asst. Sec. andTreas.. J. C. Schade, Warsaw; Supt., C. F. Franklin, Warsaw.-V. 87, p.1359.
WASHINGTON, D. O.WASHINGTON RAILWAY & ELECTRIC.For statement of this company see "Electric By. Sec." of June 25 1910.
BALTIMORE & WASHINGTON TRANSIT CO. OF MARYLAND.ORGANIZATION.-Road was rebuilt in 1910 and extended about 2 3i
miles further Into the District of Columbia to connect with Fourteenth St.line of the Capital Traction Co. An extension into Maryland of about 5 m.Is being constructed. The company has adopted self-propelled cars,to be operated by the May system. Stock authorized, $1,000,000($50); issued, $100,000. First mtge. 5s auth., $250,000 gold; outstanding,$90,000. Old mtge. of $50,000, issued when road was equipped as trolleyroad, retired.OFFICERS.-Pres., Henry W. Williams, Baltimore; V.-P., William A.
Mellen, Wash.; See., Howard Fisk. Wash.; Treas., Norton M. Little. Wash.
CAPITAL TRACTION.-An underground trolley road.ORGANIZATION-In the fall of 1895 absorbed the Washington &
Georgetown and Rock Creek companies. See V. 61, p. 283, 328, 588./n Oct. 1909 shareholders were being offered at par $1,440,000 additional
1st 5s of 1907. V. 89, p. 918.STOCK AND BONDS- Date. Interest, Outstanding. Maturity.
Stock, $12,000,000 ($100)____ Q-J $12,000,000 Oct '10.134New first mortgage, $6,000,-1 1907 5 g J-D 4,000 000 June 1 1947000. gold ($500) cJInt.at Union Tr.Co.of the D.of C.,Wash.,TrusBonds.-Are not subject to call. Part of the bonds issued were used to
redeem the $1,080,000 outstanding 4% bonds of the 1900 issue.Dividends-In 1898, July 1, 75 cents; Oct. 1, 75 cents; in 1899, 4 divi-
dends of 75 cents each; in 1900, 3 34%; in 1901, 4%; in 1902, Jan., 1%;April, 1%; July. 1%, and on Aug. 20 an extra dividend of $4 per share waspaid from proceeds of sale of old power house; Oct., 1%; in 1903, 4 3.1%:In 1904, 5%; in 1905, 53,1%; in 1906 to 1909, incl.. 6% annually; in 1910.Jan., 13%; April, 1 %%; July, 154%; Oct., 1 %% .ROAD.-Underground trolley, double track, 23.058 miles; overhead
trolley, 5.53 miles, double track. Total length of road, 57.176 miles ofsingle track. Operates 240 closed motor cars, 152 open motor cars, 128closed trailers, 127 open trailers, 2 mall, 9 snow sweepers, 4 sand cars; total.660 cars. 80 to 104-1b. rail.REPORT.-For calendar years. Report for 1909 In V. 90. p. 621.
Calendar Gross Net Other Interest Divs. Balance,Year- Earnings. (over taxes). Income. Charge. (6%). Surplus.
• $40,752 was charged, out of surplus, to renewals in 1909, against $70,-117 in 1908./n 1909 46,900,599 revenue and 16.897,876 transfer passengers were
carried, against 42,680,221 and 15,331.824 respectively In 1908.OFFICERS.-Pres., Geo. E. Hamilton; V.-P., H. Hurt; 2d V.-P. and
Gen. Mgr., D. S. Cern; Sec., H. D. Crampton; Treas., R. D. Simms; ChiefEngineer. J. H. Hanna.-V. 80. p. 1360; V. 82, p. 803. 926; V. 84 p. 390.1307, 1365; V. 86. P. 337. 476: V. 88, P. 559, 918; V. 20, P. 166, 621,
WASHINGTON ALE XANDRI A & MT. VERNON RY.-Undergroundtrolley in Washington; overhead outside.ORGANIZATION.-Organized February 1890. In March 1905 the old
stock and bonds were canceled and new securities issued as below to providefor Improvements. &c. See V. 80, p. 1176. In 1908 leased the Wash.An. & Falls Church By. Has private right of way; franchises In cities areperpetual.
STOCK AND BONDS- Date. IntJ-J $1,500,000 July '10. 1%erest. Outstanding Dtv.&Mat.
Stock, $1,500.000 (par $100) _ _,1st mtg, $2,500,000, gold( 1905 5 g M S 2,410 000 Mch 1 1955
($1.000) c*.( Int. at Tr. Co. of North America. Phila.Bonds.-Of the $2,500,000 authorized, $90,000 are reset ved for exten-
sions and Improvements at 80% of cost. The bonds are subject to call onany int. date at 110 and int. upon 3 mos. notice. See V. 80, p. 1176.EARNINGS.-Year ending Dec. 31 1909 (incl. Wash. Arl. & Falls
Church). gross, $515,010; net, after taxes. $195,776.ROAD.-Operates from Washington, D. C., double track, through Alex-
andria to Mt. Vernon, with a terminal in the heart of the city of Washing-ton and a leased branch extending to Arlington, Fort Myer and Rosslyn.Va., in all some 53 miles, serving exclusively the section south and south-west of Washington.DIVIDENDS.-First div. (I%) paid Jan. 1907. In 1908, Jan., 1%.
In 1909, Jan., 1%; July, 1%. In 1910, Jan., 1%; July, 1%.OFFICERS.-Pres., Clarence P. King; V.-P., W. H. Pearson; Sec.,
John W. Pittock; Treas., W. H. Lawton; Gen. Mgr., R. W. King. Office.Washington, D. C., and Phila.-V. 84, p. 52; V. 87. p. 1239; V. 89. p. 530.
(1) Washington Arlington & Falls Church Ry.ORGANIZATION.-Chartered 1894-6-8 and 1902 as the successor of
the Washington & Arlington By. In 1908 was leased to the WashingtonAlexandria & Mt. Vernon. The balance of the stock not outstanding isheld in the treasury of the Wash. Alex. & Mt. Ver. Hy. which companyguar. divs. at the rate of 2% in 1900,3% in 1910,4% in 1911, 5% in 1912,6% in July 1913 and thereafter.STOCK AND BONDS- Date, Interest, Outstanding. Maturity.
Stock, $500,000 $500,000 See text.First mortgage $100,000 gold.. 1895 6 J-J 100,000 July 1 1925Second mortgage $250,000___ 1903 5 A-0 250,000 April 1 1953First consol mtge $1,000,0001 1908 5 g M-S 400,000 Sept 1 1958
gold ($1,000) c•JInterest at Girard Trust Co., Phila., trustee.Bonds.-$350,000 first consol. bonds are reserved for prior liens; remain-
der for betterments, &c. Bonds are guar., p. I. by end. by Wash. Alex-& Mt. Vernon By. Subject to call on any int. date at 105 and int. on 3months' notice.ROAD.-Owns Aqueduct Bridge to Fort Myer, Arlington National Ceme-
tery, Corbetts and Nauck. 4.33 miles; also to Fairfax via Clarendon, Balls-ton, Falls Church, Vienna and Oakton. 16.60 miles; also a 2 j. -mile exten-sion connecting Clarendon and Arlington Junction. Total track, includingsidings, 25 miles Standard-gauge track. Rails. 60 lbs. 25 passengerand 14 freight cars.OFFICERS.-Pres., C. P. King; Sec. and Treas., J. W. Rich.-V. 87,
p. 1239.
WASHINGTON BALTIMORE & ANNAPOLIS ELECTRIC 11M-Asingle-phase electric road.Receivership.-On Oct. 28 1909 Pres. Geo. T. Bishop. Cleveland, and Geo.
W. Williams, Baltimore, were appointed receivers. V.89, p. 1142. Int. dueMay 1 1909 on 1st and 2d mtge. bonds remains unpaid. For statement as toreceivership see V. 89, p. 1224. On March 1 1910 receivers increased throughfare between Baltimore and Washington. V. 90, p. 448. For officialstatement as to operations and estimated floating debt, see V. 90, p. 1172,
1297.ORGANIZATION.-Incorporated in Maryland in May 1901. In Dec.1902 purchased the entire capital stock ($358,000) of the Annapolis WashIngton & Baltimore RR. V. 75, p. 1301. Owns all the stock of BaltimoreTerminal Co. Also owned all the stock of Wash. Berwyn & Lowell Elec.RR. (owning 9 miles of track), which was re-purchased Sept. 1. 1910 atforeclosure. Private right-of-way. For agreement with General ElectricCo. and changes in electrical equipment, see V. 88, p. 1314.STOCK AND BONDS- Date. Interest. Outstanding, Maturity.
000) c Int at Cleveland Trust Co.. Cleve.! 5T1r9u3s tee, or at Nat. Bank of Commerce, N. Y.
2d mtg. $1,000.000 gold ($500f 1905 5 g M-N $1,000,000 May 1 1930and $1,000) c( Int. at Cleveland Trust Co., Cleve., Trustee.
(or at Nat. Bank of Commerce, New York.Bonds.-The first mortgage bonds are subject to call May 1 1915, or
1920, 1925 and 1930, at 110. but only as an entirety. The second mtg.bonds can be called as an entirety at 105 on May 1 1910 or 1915, 1920and 1925.EARNINGS.-For year ending June 30 1910, gross, $638,114; ne
$272,513; interest and taxes, 5354,977; deficit, $82,464.ROAD.-Operates 31 miles of double track between Baltimore and Wash-
ington, with a branch 20% miles, single track, to Annapolis. Section be-tween Washington and Annapolis was put in operation Feb. 7 1908 and re-mainder on April 3 1908. V. 88, p. 422. Enters Washington over thetracks of the Washington Railway & Electric Co.OFFICERS.-Pres., Geo. T. Bishop; V.-P., John Sherwin, both of Cleve-
land; 2d V.-P. and Gen. Mgr., J. N. Shannahan, Baltimore; Treas. andSec., C. F. Gladfelter, Baltimore. Operating office, Baltimore.-V. 86.p. 422, 983; V. 87. p. 546. 1012: V. 88 p. 626, 1314; V 89, p. 226. 530;1142, 1224; V. 90, p. 448, 628, 978, 1172, 1297, 1364; V. 91, p. 155, 590.(1) Baltimore Terminal Co.Interest due Sept. 1910 on the Balt. Terminal Co. 1st M. guaranteed
bonds remains unpaidORGAN IZATION.-Incorporated in Maryland to furnish an entrance
Into Baltimore for the Wash. Bait. & Annap., which owns all of Its stock.V. 83, p. 627. Franchise on streets in Baltimore is for 50 years from 1906.Greater part of entrance into Baltimore owned in perpetuity,STOCK STOCK AND BONDS- Date. Interest, Outstanding. Maturity.
Stock, $1,500,000 See lstmoler000).$2,500.000. g.1 1907 5 g M-S $2,145,000 Mch 1 1927
guar c• }Int. atCitizens' Say. & Tr. Co. of Cleve,Trus.Jor Safe Deposit & Trust Co., Baltimore.
Bonds.-Are guar., p. & by the Wash. Balt°. & Annap. Elec. Ry.h.May be called on Mc 1 1917 or Mch. 1 1922 upon 30 days'notIce,and as a
whole only. at 110 and Int. Unissued bonds reserved for future extensions.ROAD.-Has completed 43i miles of double track to provide entrance
Into Baltimore for the Wash. Bait. & Annap. El. By. and erected a terminalstation.-V. 83, p. 491, 625.
GREAT FALLS & OLD DOMINION RR. CO.ORGANIZATION.-Incorporated in Virginia in 1900. Stock autho-
rized. $2,000,000; outstanding $1,000,000 ($50) . Road 14.19 miles fromWashington, D. C. to Great Va. Total track, 28.34 miles. Stand-ard gauge; 70 and 80 lb. rails. Pres., John R. McLean; V.-P., R. H.Goldsborough; Sec. and Treas., Wm. B. Orme.
WATERLOO, IOWA.
WATERLOO CEDAR FALLS & NORTHERN R Y.-Trolley and steam.ORGANIZATION.-Incorporated in Iowa in 1895 as Waterloo & Cedar
Falls Rap. Transit: name changed to above In 1004 by amending articlesof incorporation. Operates at Waterloo in connection with Chicago GreatWestern RR.. the Illinois Central and the Chic. R. I. & Pac. FranchiseIn Waterloo expires in 1921 and in Cedar Falls in 1025.STOCK AND BONDS- Date. Interest. Outstanding, Maturity.
Stock, $2.500,000 ($100) ..... - - $1.875.000 First mtge gold $6,000,0001 1910 5 J-J 1,500,000 Jan 1 1940($1,000) c' tint, at First Tr. & Say. Bk., Chic.. trustee.Bonds.-Remaining bonds can be issued at 82 t. % of cost of extensions.
Subject to call upon 60 days' notice on or after Jan. 1 1915 at 105 and int.Annual sink, fund of 2% of bonds out after Dec. 31 1912. V. 90, p. 850.915.ROAD.-Owns and operates 69.57 miles of track. An extension from
Denver Jct. to Waverly is under construction. 60 and 75-lb. T rails.Steam equipment, 4 locomotives and 43 cars. Electric equipment, 2 loco-motives, 52 cars and necessary work cars, snow-plows, sweepers. &c.EARNINGS.-For 12 mos. ending June 30 1910, gross, $234,072; n
after taxes, $122,134; Int., ext., maint. and rehab., $00,660; surplus,$31,47
OFFICERS.-Pres., L. S. Cass; V.-P., J. F. Cass; Treas. and AuditorW. H. Burk; See., F. E. Farwell; Gen, Man., C. D. Cass.-V. 78. p. 230289, 2386; V. 86, p. 1161; V. 87, p. 1885; V. 90, p. 700, 850, 915.
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OCT., 1910.] ELECTRIC RAILWAYS 117
WATERVILLE, MAINE.WATERVILLE & FAIRFIELD RY. & LainT.
Default.-Interest on $160,500 Class B bonds has been in default sinceMay 1 1900. Application made May 20 1909 (V. 88, p. 1314) for receiverhas been withdrawn.ORGAN1ZA l'ION.-In December 1897 the stockholders agreed to give
the bondholders the right for five years, or until the company shall be In aposition to meet all Its fixed charges, to elect a majority of the board tifdirectors, the bondholders in turn having exchanged their $200,000 of 6%bonds for a like amount of 20 year 5s.
STOCK AND BONDS- Date. Interest. Outstanding. Maturitl 1 •Stock $200,000 ($1001 _____ - - - *200.00() Prior lien bonds 1897 5 M-N 40,000 May 1 1937Consol mtg Class "A" and) 1897 5 M-N 200.000 May 1 1937
Class "B lAmerican Trust Co., Boston, Trustee.ROAD.-Operates 5 miles of trolley between Fairfield and Waterville,
and furnishea light and power for miscellaneous purposes.EARNINGS.-For year ending June 30 1910, gross (Electric Light &
Street Ry.), $96,261; net, $26,601; charges (incl. Int. on $160,500 bondsin default), $13,216; surplus, $13,385
OF'F'ICERS.-Pres., Geo K. lioutelle, Waterville* Treas.. if. D. BatesWaterville; Gen. Mgr., Ralph J. Patterson, Waterville, Me.-V. 88. p.1314
WAYNESBORO, PA.CI-I AMBERSBURG GRELNCASTLE & ‘V A YNESBORO STREET R Y.-
A trolley road.ORGAN1ZATION.-Incorporated in Pennsylvania on June 17 1901; also
owns a turnpike road, 43 miles, capital, $100,000, and an electric-lightplant, capital. $30,000In 1910 It was reported that company was arranging to increase both Its
stock and bonded indebtedness to $2,500,000 each.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.$250,000 250,000
Common $300,000 Preferred $300,000 _First mortgage $300,000 gold l 1903 5 g J-J 300,000 July 1 1933($100 and $500) C55 Interest at Chambersburg Trust Co., Trustee.
Second mortgage $300,0001 1907 5 g A-0 300,000 Oct 1 1937($100 and $500) gold _c•1Int. at Chambersburg Trust Co., Trustee.Bonds.-First mtge. bonds have no sinking fund and bonds are not
subject to call. 2d mtge. bonds are subject to call on any int. period In orafter 1912 at 105. No sinking fund.EARNINGS.-For year ending June 30 1910, gross, $60,546; net,
$24,191; fixed charges, $32,953; deficit, $8,762.ROAD.-Operates 30 miles of track between Chambersburg. Greencastle
and Penn Mar. Gauge, 5 ft. 2 M in. 70-1b. T and 80-lb. girder rail. A3-mile extension is proposed from Penn Mar to Highfleld, Md., then toBlue Ridge Summit.OFFICERS.-Pres., Geo. B. Beaver, Waynesboro; V.-P. R. W. Ram-
say. Chambersburg; Sec., H. B. McNulty, Chambersburg; W. B.Stottlemeyer. Waynesboro; Gen. Mgr., R. D. Sefton. Waynesboro.-V. 85,p. 1338; V. 90. p. 236.
WEBB CITY, MO.SOUTHWEST MISSOURI RAILROAD CO.ORGANIZATION.-Organized under the general railroad laws of Mis-
souri, and on Sept 1 1906 acquired the Southwest Missouri Electric Ry.and the Webb City Northern Electric 'RR.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock $5,000.000 $3,500,000 General and refunding mort-1 1906 5 g M-S 701.000 Sept. 1 1931gage $5,000,000 gold ($1,- )Int. at Harrisburg (Pa.) Trust Co., trustee.000) j or National Bank of Commerce N. Y.
Webb City Northern mtg 1 1905 5 g M-S 200,000 Sept., 1923$200.000 gold ci Int. at Safe Dep. & Tr. Co., Pitts. trustee.
Southwest Missouri Electric I 1903 5 g M-S 1,150,000 Sept. 1 1923Ry. refunding and eaten- glarrisburg Trust Cu., Harrisb., Pa., trusteesion mtg $1,500.000 _ _ _ lint. payable at Nat. Bk. of Commerce. N Y.Bonds.-Of the $5,000,000 new bonds, $1,350,000 are reserved for prior
liens and $2,949,000 for improvements and extensions.EARNINGS.-For year ending Aug. 31 1910, gross, $579,555; net,
$273,567; interest, $109,304: surplus, $164,263. Year ending Aug. 311909,gross, $490,373; net, $225.964; interest, $109,599; surplus, $116,365.ROAD.-Operates 73 miles of track connecting Carthage, Carterville,
Webb City, Prosperity, Porto Rico, Duenweg-Oronogo, Neck City, Purcell,Alba, Joplin, Villa Heights and Chitwood, all In Missouri. and Galena inKansas.OFFICERS.-Pres. and Treas., A. H. Rogers, Joplin, Mo.; V.-P., E. Z.
Wallower, Harrisburg, Pa.; Sec., A. G. Knisely, ot Harrisburg, Pa.-V. 77,p. 38* V 80. p. 1972; V. 83, v. 752.
WEST CHESTER, PA.THE WEST CHESTER STREET RAILWAY CO.ORGANIZATION.-Incorporated In Pennsylvania Aug. 4 1800. Owns
the Chester Valley Electric Light Heat & Power Co. and the CoatesvilleElectric Light Heat & Power Co. Franchises perpetual.STOCK AND BONDS- Date. Interest, Outstanaing. Maturity.
Stock $1.000,000 ($50) _____ $1,000,000 First mtg $1,000,000 ($1,000if 1902 5 g F-A 1,000,000 Aug 1 1932
gold c• lint. at West End Trust Co., Phila., trustee.Bonds.-No sinking fund and bonds not subject to call.EARNINGS.-For fiscal year ending June 30:
Year- Gross. Net. Int.& Taxes. Survius1910 $141,069 $63,718 $57,487 $6,2311909 131,377 56.027 50,155 5.872ROAD.-In operation from Lenape, through West Chester, to Downing-
ion and GallaghervIlle, 18 m.; gauge, 5 ft. 2Jj in.; rails, 70-lb. T; 20 cars. Ex-tension Lenape to Kenneth Square was completed Oct. 1 1904. An extensionfrom Gallagherville to Coatesville completed Nov. 5 '013. Total track, 30 m.OFFICERS.-Pres., Meyer Schamberg; Sec., Jonas Rice; Treas., Geo.
D. Woodside, all of Philadelphia; Supt., E. W. Goss, West Chester.-V. 84,p. 340, 392.
WEST CHESTER & WILMINGTON ELECTRIC RY.In 1909 control of company changed hands.ORGANIZATION.-A consolidation on March 26 1908 In Pennsylvania
of the West Chester & Wilm. Elec. Ry. of Pa. (chartered Dec. 14 1907 InPenn.) and the West Chester & Wilm. Elec. Ry. of Del. (chartered Jan. 241908 in Delaware). Proposes to connect Wilmington and West Chester.17 miles. Private rights of way already secured. Proposes to carry freightas well as passengers.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity
Int. at Sec. Tr. &SafeDep.Co., Wilm.. trusteeStock and Bonds.-Bonds have a sinking fund of 20% of net earnings,
and are subject to call at 105 after 5 years. $100,000 are reserved forextension of line to tidewater.OFFICERS.-Pres., Louis Dalmas; Sec. and Treas., C. P. Faucett;
Chief Eng., St. G. II. Cooke; Real Estate Trust Bldg., Phila.-V. 87, p. 40;V. 88, p. 102.
WHEELING, W. VA.WHEELING TR ACT 10 N .-A trolley road.For statement of this company see "Electric Ry. Sec." of June 25 1910.
CITY I& ELM GROVE RR.--A trolley road.In June 1910 control of road changed hands and officers elected as below.
V. 90, p. 1613.ORGANIZATION.-Incorporated in West Virginia and owns control of
the City Railway Co.. the Wheeling & Elm Grove By., the Wheeling ParkAssociation and the Suburban Light & Water Co.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.
Stock $2,000,000 $2,000,000 Cons coil trust mtg $2,500,-1 1906 5 g J-J 1,100,000 July 1 1936000 gold ($1,000) 'Int. at Union Trust Co., Pittsburgh, trustee.
Underlying liens 205,500 Mch 1 1928Wheeling & Elm Grove 1st MI 1901 5 A-0 760,500 April 11031$1,000,000 ($1,000) g_ _ _c• f Int. pay. at Wheeling Title & Tr. Co-trustvc.
Bonds.-Of the $2,500,000 new bonds, $1,000,000 are reserved to retireprior liens. Are subject to call on any interest date at 105 and int. V. 83,p. 491. The authorized amount of the Wheeling & Elm Grove By. mtge.was originally $1,250,000, but was reduced in Sept. 1906 to $1,000,000.V. 83, p. 379, 491, 625.EARNINGS.-For calendar year 1908, gross, $324,679; in 1907, gross,
$340,584; in 1906, gross, $314,680.ROAD.-Operates 32 miles of track In Wheeling and to Elm Grove,
Point Mills and West Alexander.-V. 83, p. 379, 491, 625; V. 85, p. 654.OFFICERS.-Pres., Jos. Speldel, Sr.; V.-P., Hal Speidel; Treas., A. S.
List.-V. 90, p. 1613.
WILMINGTON, DEL.WILMINGTON NEWCASTLE & SOUTHERN RY.Receivership.-In June 1907 Chancellor Nicholson at Dover appointed
Wilmer Palmer and J. C. Gibson receivers. V 84, p. 1553. Foreclosureproceedings have been Instituted. V. 85. p. 922.ORGAN IZATION.-Incorporated in Delaware In March 1904 as a con-
solidation of toe Wilmington & New Castle Electric Ry. and the New Castle& Delaware City By. (latter formerly leaned to former)STOOK AND BONDS- Date. Interest. Outstanding. Maturity.
ter 1907, $170,000__ __ fGeneral consol mtg $650,0005 1904 5 J-D 400.000 June 1 1934($500) lInt.at Sec.Tr & Safe Dep.Co.,Wilm'n, trustee.Bonds.-Remaining bonds reserved for future extensions, improvements,
etc. May be redeemed on any int. day at 105 and int.ROADS.-Operates trolley road, about 17 miles. between Wilmington
and Delaware City.OFFICERS.-Pres- T. Bayard Helsel: V.-P., Willard Saulsbury; Sec..
C. P. Holcomb; Treas., J. Chester Gibson.-V. 85, p. 922.
WILMINGTON, N. 0.TIDEWATER POWER CO.ORGANIZATION.-Incorporated in 1907 In North Carolina. On Oct.
17 1907 leased the Consolidated Railways, Light & Power Co. for 99 years(see terms below). Owns 991 shares of the 1,000 shares pref. stock of lattercompany and also 3,492 shares of 3.500 shares common stock.STOCK- Date. Interest. Outstanding. Maturity.
Common $600,000 $600.000 Pref $600,000 5% cum 555.9)0 See text.First mortgage 52,000,0001 1908 5 g J J 200,000 Jan 1 1948($1,000) gold (Int. at Carnegie Trust Co.. N. Y., TrusteeBonds.-Mortgage covers railway in Wilmington owned by company,
extensions to the gas and electric plants of Consol. Rys. Lt. & Pow. Co.made by Tidewater Power Co., also stock of Consol. Rvs Lt. Fe Pow. Co.and lease executed by latter company to former. Additional bonds maybe Issued at 85% of cost of new property and extensions, but only whennet earnings equal 50% more than int. on all bonds out and includingamount to be issued. Bonds are subject to call on and after Jan.1 1914 inentirety only at 4 weeks' notice at 105. Sink, fund of 1% starts 1913. V.89, p. 471.
Dividends.-5% per annum is being paid on preferred (%% monthlyomitting Jan. and July).EARNINGS.-Year ending Dec. 31 1909, gross, $280,549; net, $95,379;
charges, $42,513; surplus, $52,866. In 1908, gross, $271,030; net, $95,183;charges. $40,645; surplus. $54,538.OFFICERS.-Pres., Hugh MacRae; V. P., M. F. H. Gouverneur; 2d
V. P.. M. J. Heyer; Sec., H. Woolicott; Treas., R. J. Jones; Gen. Mgr.,A. B. Skelding. V.85, p. 42, 1144; V.86, p. 1161, 1468; V. 89, p. 471.(1) Consolidated Railways. Light & Power Co.Lease.-On Oct. 17 1907 was leased to Tidewater Power Co. for 99 years.
Rental is int. on bonds and 5 % on outstanding common and preferred stock.also 5% on $105.000 surplus.ORGANIZATION.-Incorporated in North Carolina on April 24 1902
and is a consolidation of the Wilmington Street By., Wilmington Gas LightCo., Wilmington & Sea Coast RR. Wilmington Dummy Line and the Wil-mington Electric Light Co. Operates entire street railway, electric lightand gas systems of the city. All fra chtses stated to be perpetual; streetrailway franchise is exclusive until 1937.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $350,000 ($100)____ $350,000 See text.Preferred $150,000 5% cu mu-1 _ _ _ _ 100,000 See text.
lative ($100) First mtg $600,000 gold ($50,5 1902 5 g J-J 556.500 July 1 1932$100, $500 and $1,000) _ __c lint. at Safe Dep. & Tr. Co., Balt.,Md.. trustee.Bonds.-A sinking fund commenced July 1 1904, to which 1% per annum
of outstanding bonds is payable until 1914; 1 % annually until 1924 and2% per annum thereafter. Proceeds to be invested In the bonds at notexceeding 105 and int., but bonds are not subject to call. $43,500 bondshave been retired by the sinking fund.ROAD.-Owns 25.8 miles of track, 1.50 miles of which are leased to the
Atlantic Coast Line RR. Co. until 1936. 30 cars. 56. 60 and 75-1b. Trail. In 1910 supplied 23,000 incandescent lights; 150 arc lights and 584tungsten lamps. Has 14.9 miles of gas mains.-V. 85, p. 40, 1143.
WINONA, MINN.WINONA RAILWAY & LIGHT CO.-A trolley road.For statement of this company see "Electric Ry. Sec." of June 25 1910.
WINSTON-SALEM, N. C.WINSTON-SALEM RAILWAY & ELECTRIC CO.-A trolley road. In
Nov. 1899 the road was purchased by the Fries Mfg. & Power Co. and con-solidated with it.ORGANIZATION. &c.-Incorp. In 1891 for 99 years. Franchise is
perpetual.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Stock, corn, $600,000 MOO)._ -_-- $600,000 Pref 6% non-c, $100 ($100,000) ____ 100,000 1st nag, $500,000, g ($1,000),1 1900 5 g J-J 500.000 Jan 1 1940
optional at 110 1Int. at Trust Co. of Amer., N. Y., trustee.ROAD.-Operates 11.84 miles of track, 284 arc and 21,191 incandescent
lights, and furnishes power for manufactut Inc. purposes. Also a 50-ton ice-plant, park and attractions. 37 cars Ineludintr trailers.EARNINGS.-For fiscal year ending Nov. 30 1909 (Fries Mfg. & Power
Co.), gross, $229,068; net, $71,590; int., $23.050; surplus, $48,540; in 1908gross, $209,587; net, $64,046; int., $23,050; surplus, $40,996.OFFICERS.-Pres., H. E. Fries; V.-P., W. A. Blair and F. H. Fries;
Sec. and Treas.. B. J. Pfohl; all of Winston-Salem.-V. 74, p. 1088, 1091.
WORCESTER, MASS.WARE & EliOOKFIELD ST. RV.-4 trolley road.For statement of this company see "Electric Ry. Sec." of June 25 1910.
YOUNGSTOWN, OHIO.MAHONING & SHENANGO RY. & LIGHT CO.For statement of this company see "Electric Ry. Sec." of June 25 1910.
YOUNGSTOWN & SOUTHERN RY.-A trolley road.ORGANIZATION.-Incorporated In Ohio on May 9 1903 under the
General Railroad Laws. Controls 7,000 acres of coal lands.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $1,800,000 ($100) _____ $1,800,000 1st mtg. $1,500,000, goldl 1903 5 g A-0 937,000 Oct 1 1923($1,000), s f c•J Interest at New York Trust Co., trustee.Bonds.--A e.f. of 5% per annum of bonds outstanding commenced after
5 years. See V. 77. p 2160. Bonds are not sublect to call.ROAD.-Operates about 20 miles of road from Youngstown, to Leetonia.
70-1b. T rail.OFFICERS.-Pres.. John Stambaugh, Youngstown; V.-P., Chas. Booth;
Youngstown; Sec. and Treas.. David Todd, Youngstown; Gen. Mgr.. E. H.Raupp.-V. 80, p. 2400.
• YORK, PA.
YORK RAILWAYS -A trolley road.For statement of this company see "Electric Ry. Sec." of June 25 191
•
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
118 ELECTRIC RAILWAYS [VOL. Lxxxxi.
ELECTRIC RAILWAYS IN ISLAND POSSESSIONS AND FOREIGN COUNTRIESHAMILTON, ONTARIO.
DOMINION POWER & TRANSMISSION CO.ORGANIZATION.-Incorporated in Canada on Jan. 11 1907. Owns or
controls the Hamilton Cataract Power, Light & Traction Co. (V.76, p.1407;V.80. P. 1111, 1363) and all the electric light and power business in Hamil-ton. St. Catharines and intervening territory; also the entire street railwayand interurban lines in Hamilton and surrounding country. V. 84. p.608. 569.STOCK AND BONDS- Date, Interest, Outstanding, Maturity,
Ordinary stock ($100) $2,608,000Preference ($100) 3,673.100 see textLimited preference 5,100,000 see text
Pref. Is entitled to 6% for 3 years from 1907 and 7% thereafter.lit mortgage. 225.000,0001 1907 5 g A-0 2.612.000 See text.
($1.000), gold ' 'Harris Tr. & Say Bank of Chicago, Trustee.Ham Cat P L & Tr Co, Ltd, 1903 5 A-0 3,173,000 Apr111 1943
1st & ref M $5,000,000 gold Int. In Hamilton & N. Y. Nat. Tr. Co.,(51,000) c5 Ltd., Toronto. trustee. Callable at 110 44
int. beginning April 1 1923.Bonds of subsidiary companies x3,876,000
z Includes $3,173,000 Ham. Cat. P. L. F0 T. Co. bonds.Bonds.-Of the $25,000,000 mortgage $10,000,000 may be issued, with
the approval of the trustee, for not exceeding 80 % of cash cost of extensionsand additions and the remainder for not exceeding 75 %. The entire out-standing issue, but not any part thereof, can be called at 107% and hit onApril 1 1917 or any coupon date thereafter on 60 days' notice. The bondsmature $17.000 annually from April 1 1914 to 1921 and $34,000 annuallyfrom April 1 1922 to 1931, and the remaining $1,174,000 are due April 11932. They are secured by all the property owned through deposit ofstock and bonds with trustee, &c. The Hamilton Cataract Pow. L. & Tr.Co.Ltd., bonds are prior to bonds and stock of Dom. Pow. & Trans. Co.
Dividends.-8% was paid on preferred in 1907; in 1908, 3% was paid.wo dividends of 54 of 1% have also been paid on limited pref. stock.
In Dec. 1908 it was decided to omit div. on both classes of pref. stock.See V. 87, p. 1478. None since to Sept. 1910.
EARNINGS.-Of company and subsidiary cos. for calendar years.Year- GT033. Net. Bond Int.,,fec. Bal.,Surp.
1909 $1,691,696 $727,747 $421,939 $305,8081908 1,600,321 625,680 323,057 302,623ROAD.-Controls 22 miles of single track in Hamilton and 61 miles
of interurban lines. A road to Brantford (22 miles) was put in operationMay 23 1908. Owns a 42,000 horse-power hydro-electric station.OFFICERS.-Pres., J. R. Moodie; V.-P., James Dixon; Sec. & Gen. Mgr
W. C. Hawkins; Treas., John Knox.-V. 84, p. 569, 508; V. 87. p. 8731478; V. 88, p. 504; V. 90, p. 626.
HALIFAX, N. S.HALIFAX ELECTRIL: TRAMWAY CO., LTD.ORGANIZATION.-Chartered March 20 1895. Owns the Nova Scotia
Power Co., Ltd.. the Halifax St. fly. Co., the Halifax III. & Motor Coand the gas company. Franchises are perpetual; street railway franchiseIs exclusive for 20 years. Operation began in Feb. 1896.STOCK AND BONDS.- Date. Interest. Outstanding. Maturity.
Year- GT033. Net. Interest. Divs.. &c. Surplus1909 $447,580 $207,974 $30,000 $85,130 $92,8441908 424,619 189,905 30,000 87,059 72,846ROAD.-Owns 13.15 miles of track. Standard gauge; 60-lb. T and 80-
lb. girder rails; 42 cars.OFFICERS.-Pres.. David MacKeen; V.-P., J. J. Payzant and W. B.
Ross; Sec., W. J. Be Blois; Gen. Mgr., J. W. Crosby.-V. 89, p. 1223.
HAVANA, CUBA.HAVANA ELECTRIC RY.-A trolley road.ORGANIZATION.-This company was Incorporated in New Jersey on
Jan. 6 1899 for the purpose of acquiring the Havana City fly. do OmnibusCo., which was organized in 1876. Franchise runs until 1958. Companyhas also the right to carry freight over parts of the system. /n June 1909It was stated, a proposition to issue $5,000,000 5% bonds to take up pref.stock was under consideration. V. 88. p. 1499.
STOCK AND BONDS-- Date. Interest Outstanding. Maturity.Corn, $7,500,000, f p, $100_ $7,463,703 Aug.13 '10. 1Prf 8% non-c, 55,000,000,5100 Q J 5,000,000 Aug. 1310,154%1st M. $5,000,000, gold, s f__ _ 1899 5 g 803,000 Feb 1 1949Consol M, $10,000,000, goldi 1902 5 g F-A 7,824.731 Feb 1 1952($1,000). s f c• I Central Trust Co., New York, Trustee.Bonds.-Of the new consols a sufficient amount is reserved to retire th.
prior liens A sinking fund commenced Jan. 1 1906 on the outstanding con-sols; and if any additional bonds are issued, sink. fd. is to be increased cor-respondingly. Bonds may be called for sink. fd. after 1906 at 105 &and entire issue can be redeemed at 105 and int. on any int. day upon sixmonths' notice. See V. 74, p. 1251. They are listed on N. Y. Stock Ex-change. V. 88, p. 918. The 1st M. bonds are subject to call at 110 & Int.
Dividends.-FIrst div. on pref. (1%) was paid Apr. 1906, and 1% againpaid July 1906 and 1% Oct. 1906; In 1907, 5%; 1908, 6%; 1900.6%: in 1910.Feb.. 1 %; May, 134%; Aug., 154%. On coin., 1st div., 1%, paid Jan. 151909; May, 1%; Aug., 1%; Nov., 1%. In 1910, Feb., 1%; May, 154%;Aug., 154%.REPORT.-The gross earns, of the railway and stage properties of the
Havana Elec. By. Co. for cal. year 1909 were 52,488,647, against $2,276,807In4908. Gross earns, from railway were $2,106,761; oper. exp., $955,237;net earnings from railway. $1,151,524; net earnings from stages, $86,074;total net earnings, $1,237,598; fixed charges, $443,984; dlys. (6%) on pref.stock, $300,000; dly. (3%) on corn, stock, $223,911; surplus, $269,703;collected during year on suspense acc't, &c., $22.717; total surplus, $292,420.ROAD.-Operates 51.5 miles of track. Had Dec. 31 1909 248 passenger
cars, 2 express cars, 63 freight cars, 7 electric locomotives and 2 work cars,178 stages, 1,467 animals.OFFICERS.-Pres., Warren Bicknell, Cleveland; V.-P., David T. Davis,
New York; V.-P. and Gen. Mgr., Frank Steinhart, Havana; Sec. and Treas..H. Kraemer, 55 Liberty St., N. Y.-V. 86, p. 517, 916, 918; V. 88, p..158,624, 744, 1061, 1499; V. 90, p. 1044, 1490, 1610.
HONOLULU HAWAII.HONOLULU RAPID TRANSIT & LAND CO.-Trolley.For statement:of this company see "Electric Ry. Sec" of June 25 1910."
KINGSTON, JAMAICA.WEST INDIA ELECTRIC CO.-A trolley road.ORGANIZATION.-Incornorated 1897 in Jamaica. In 1907 took over
the lighting business on a rental basis. Franchise expires Jan. 1 1928.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $800,000 ($100) _ $800,000 Oct.'10.13(%First mortgage, 2600,001 1898 5 g J-J 600,000 Jan 1 19280 500), 20 Id c• Montreal Trust & Deposit Co., Trustee.
Interest at Bank of Montreal. Montreal.Bonds.-Bonds are not subject to callDividends.-First dividend on stock-1%-paid April 1 1908. and I%
was again paid July 1 and Oct. 1 1908. In 1909, 45i%. In 1910, Jan.,13i%; Apr., 1 M, %; July, 134%; Oct., 1 Ji% .REPOBT.-For years ending Dec. 31:Year- GT033. Net. Int.0tRents. Taxes. Dividends. Surplus.
1909 $236,065 $121,121 $42,000 $7,236 (5%)240,000 $31,8851908 217,410 125,370 42,000 7,044 (4%) 32,000 44,326ROAD.-Operates 24 miles of track in and around Kingston, Jamaica,
Gauge, 4 ft. 834 in 90-lb. glider and 60-1b. T. rails.OFFICERS.-Pres.. James Hutchison; V.-P., S. H. Ewing; Sec., H. E.
Flower; Compt„ Ralph Carman; Supt., David N. Barr.-V. 84, p. 340,694.1553; V. 85, p. 215; V. 86, p. 722, 803; V. 88, p. 687, 788.
LONDON, CANADA.LONDON STREET RAILWAY CO.-A trolley road. Incorporated
under the laws of Canada in 1875.STOCK AND BONDS- Date. Interest. Outstanding, Maturity.
Stock. $750,000, ($40) - - - - - J-J $552,000 July'10 3%First mortgage, 2750,000, I 1896 5 g M-S 575.000 Mch 8 1925gold ($1,000) c•1 Toronto General Trusts Co.. trustee.Bonds.-The remaining $175,000 can only be issued for 66 2-3% of actual
cost of additions and extensions, when net earnings are equal to 10% of allbonds out, including those to be issued; but total debt must not exceed$20,000 per m. of single track. V. 78. p. 2384. Int. Is payable at the Cana-dian Bank of Commerce, Toronto. In each of the 10 years preceding matur-ity 5% of bonds shall be drawn by lot and redeemed at par on 40 days' notice.
Dividends.-Dividends started in 1900 with 4% In 1901 8% was paid; in1902, 8%; 6% In 1903, 1904. 1905 and 1906. In 1907 dlys. omitted on ac-count of strike. In 1908, 6%; in 1909. 6%; In 1910..Tan.. 3%; July. 3%.REPORT- Years ending Dec. 31. Gross. Net. Charges. Surplus.
1909 $243,359 $73,529 $28,888 $44,6411908 235,032 87,466 28.455 39.0111907 232,377 64.352 27,229 37.123ROAD.-Operates 33.25 miles of track. Standard gauge. 56. 73 and
T and girder rail. 45 cars; 9 trailers.OFFICERS.-Pres., H. A. Everett, Cleveland, Ohio; Vice-Pres., T. H.
Smallman, London, Ont.; Sec. and Treas., Geo. H. Bentson, London, Ont.:Gen. Mgr.. C. B. King. London. Ont.-V. 78. p 2334 2384;V 82, p. 1157
LONDON & LAKE ERIE RAILWAY & TRANSPORTATION CO.ORGANIZATION.-Incorp. In Canada in 1909 as successor to the South-
western Traction Co., sold on Oct. 20 1909. V. 89, p. 1281.STOCK AND BONDS. Date. Interest. Outstanding. Maturity.
Stock, $2,000,000 ($100) $2,000,000 First mortgage $700,000 gold! 1910 5 g J-D 700,000 June 1 1950($500) 'Int. at Trusts & Guar. Co., Ltd., Tor., trust.Bonds.-Are not subject to call.ROAD.-Operates from London to Port Stanley via St. Thomas, 28 miles.
of which 14 miles on private right-of-way.OFFICERS.-Pres., Wm, K. George; Sec. and Treas., T. H. Purdom.
Office, London, Can.-V. 89, p. 1280; V. 90, p. 1171, 1363.
MANILA, P. I.MANILA ELECTRIC RAILROAD & LIOHTINO CORPORATIONORGANIZATION.-Incorporated in Connecticut on June 26 1903, and
owns stocks and bonds of the Manila Elec. RR. & Light Co.. having a 50-year franchise from March 24 1903, practically the entire stock of the UnionTruck Co. and of the Company. de los Transvias de Filipinas, and over 98%of the stock of -Electricista,' a Spanish company having a 50-year fran-chise for electric lighting and entire capital stock of Manila Suburban Rys.Co. Besides doing the street railway business, supplies light and power forprivate, municipal and Government use. Municipality may acquire prop-erty after 25 years on a valuation fixed by net earnings, the Supreme Courtof the Islands being referee. In May 1906 stock and bonds were listed onthe New York Stock Exchange.On Dec. 6 1909 Increased authorized stock from $6,000,000 to $8,000,000.
V. 90, p. 372.STOCK AND BONDS- Date. Interest, Outstanding. Maturity.
Stock, $8,000,000, $100 _ _ Q-J $5,000,000 Oct. '10,1%First lien and col. tr, $5 000,1 1903 5 g M-S 4,957,000 Mch 1 1953000, gold ($1.000) c•I Int. at Equitable Trust Co., N.Y., trustee.Bonds.-A sinking fund of ;i% of bonds outstanding began Mch. 1 1908
and runs until 1917: thereafter 1% of bonds outstanding. The fund is to beInvested in the bonds at not more than 105 and interest, at which price theyare subject to call for the purpose. Are redeemable as a whole at 105 andInterest on or after Mch. 1 1928. V. 82. p. 218.
Dividends-First dividend. 1%, was paid April 2 1906 and 1% wasagain paid Oct. 15 1906. In 1907. 3%; in 1908, 4%; in 1909, 4%: in 1910.Jan., 1%; Apr., 1%; July, 1%; Oct., 1%.EARNINGS.-For 12 mos. ending Dec. 31 1909, gross, $1,141,688; net.
5541,119; fixed charges, $275,310; sink. fund, $24,785; surp., $241,024.RuAD.-operates 40 miles oC track (exclusive at Manna Suburban ktys.
Co.) in the city and suburbs. Including a line of 5 miles to Malabon; opened InApril 1905; 70 lb. T and 92 lb. girder rails. Owns 85 single and 10 double-truck cars.OFFICERS.-Pres., Chas. M. Swift, Detroit: Vice-Presidents, Geo. 0,
Smith, Pittsburgh, and F. H. Reed, New York; Sec., T. W. Moffat; Treas.;R. B. Marchant. Operated under management of J. G. White & Co. Inc.,New York.-V. 80, p. 2399. 2621; V. 82, p. 218, 392, 692, 1041, 1102, 1438;V. 83, p. 752; V. 84. p. 102, 220,868; V. 85, p. 282; V. 90, 1)• 772.(1) Manila Suburban Railways Co.ORGANIZATION.-Incorporated in Connecticut. Franchises run for
47 years from Jan. 30 1906. Does both passenger and freight business.Entire outstanding stock ($500,000) is owned by the Manila Elec. RR. &Ltg. Corp., which guarantees the bonds, prin. & int. See V. 84. p. 220.In Dec. 1909 Increased auth. stock from $500.000 to 51,000,000. V. 90.p. 372.STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
el New York Trust Co.. Trustee.Bonds.-Are guar., p. and I. by the Manila Elec. R. & Ltg. Corp. Are
subject to call after Sept. 1 1928 and to purchase for sinking fund on andafter Sept. 1 1911 at not to exceed 105 and int.. at which price bonds canbe drawn by lot. See V. 84, p. 220.ROAD.-Operates 8 miles of track from Manila to Fort William McKin-
ley and Pasig. Will build other fines In suburbs of Manlla.-V. 84, p. 220.
MONTREAL, CANADAMONTREAL STREET RV.-A trolley road.Proposed Amalgamation with Canadian Lt. & Pow. Co.-In Sept. 1910
It was proposed that the Canadian Lt. & Pow. Co. be merged with the Mon-treal St. Ry. and a new company formed to take over the two properties.See V. 91, p. 589, 655.ORGANIZATION.-Chartered May 18 1861. Franchise in Montreal
expires in 1922. In March 1899 authority was received from the Parliamentto increase the stock to $10,000,000 from time to time. In March 1900shareholders took $1,000,000 of the new stock at par for betterments, newcars, &c., and In Sept. 1903 a further addition was made, this stock alsogoing to stockholders at par. On June 20 1901 purchased the Mont. Park .53Island fly. of 40 miles for $1,100,000. Majority of stock and all the bondsare held In company's treasury. The purchase price was met by an issue ofnew debenture bonds, as shown below. In 1906 purchased the stock andbonds of the Montreal Term, Fly. Also controls the Suburban Tramway doPower Co. In Feb. 1906 the company was granted permission by theLegislature to increase the authorized capital stock from $10,000,000 to$18,000,000. V. 82, p. 510. In Nov. 1906 Issued $2,000,000 stock at $175 •per share and par of shares was changed from $50 to $100. V. 83, p. 970.In June 1908 Issued $1,000,000 at $125 per share; full paid. In 1907 leasedthe tracks of the M. P. & I. Ry., situated In Outremont.STOCK AND BONDS- Date Interest. Outstanding. Maturity.Stock ($100) $10,000,000 Q-1,' $10,000,000 Aug.'10.234Sterling debentures. secured I 1893 434 F-A 681,333 Aug 1 1922by trust deed j Interest at Bank of Montreal, London. Eng.
Debentures, $1,500,000, gold' 1902 43.6 g M-N 1.500,000 Nov 1 1922($100, $500 and $1,000) c*IInterest at Bank of Montreal, Montreal.
New debentures 1460,0001 1008 434 M N 1460,000 May 1 1022(1100) lint. at Bank of Montreal. Montreal, Can.,
and London, England.Bonds.-Under a trust deed, the debentures of 1902 and the debentures
of 1908 are of equal rank.Dieldonds.-Ten per cent per annum Is helm, paid,REPORT.-For years ending Sept. 30 1909 report in V. 89, p. 1220.September 30- 1909. 1908. 1907. 1906.
ROAD.-Operates 4.8 miles of track between Ponce and Port Ponce.
60-1b. rails. 11 cars. Gauge, 1 metre.OFFICERS.-Pres., Frederick S. Pratt; V.-P., John W. Hallowell;
Treas., Henry B. Sawyer; Sec., Clement R. Ford; Transfer Agents, Stone &
Webster. Boston, Mass.-V. 74, p. 268, 478.
PORTO RICO RAILWAYS CO.. LIMITED.
ORGANIZATION.-Incorporatod in Canada Oct. 1906 and has acquired
the San Juan Light & Transit Co. and Porto Rico Power & Light Co. and
Caguas Tramway Co. Controls all the electric railway, electric light and
power business of San Juan, San Turco and Rio Piedras; also controls entire
lighting system in cities of Comerio. Bayamon, Catano, Carolina and Caguas.
Its lighting franchises in San Juan and San Turce are perpteual. The
Water Power and Caguas Tramway franchises are for 99 years from 1906.
The street railway franchise runs until 1959. An express service was inaug-
urated in 1908 in conjunction with Porto Rican Express Co.
Contract.-A contract has been made (expiring 1916) with the Porto Rican
Leaf Tobacco Co. under which this railroad will get all the former's freightbetween Caguas and San Juan for ten years.
STOCK AND BONDS- Date, Interest. Outstanding. MaturtS11.Common stock, $3,000,000_ $3,000,000 Pref $500,000 ($100) 7% Q-J 500.000 July '10,1 'tFirst mortgage, $3,000,000( 1908 5 M-N 2.941.500 Nov 1 1936($500). gold 4 Int. at Montreal Trust Co.. Trustee.
Montreal and Halifax, or Metropol. Bk.,Tor.
Bonds.-Are subject to call at 105. Sinking fund of 1% of bonds issuedplus one year's interest on canceled bonds began Nov. 1908. $58,500 bondscanceled. Bonds are listed on Montreal and Toronto Stock Exchanges.
ROAD.-Operates from San Juan to Rio Piedras, 9 miles electric.Standard gauge. An extension of 18 miles to Caguas. which is being op-erated by steam-meter gauge was completed in 1908.OFFICERS.-Pres., W. B. Ross, Halifax; V.-P., W. M. Aitken, Mon-
treal; Sec.. F. C. Clarke, Montreal. Office, 179 St. James St., Montreal,Can.-V. 85, p. 161; V. 88, p. 1062; V. 89, p. 226. 594; V. 90. p. 54.
RIO DE JANEIRO, BRAZILRIO DE JANEIRO TRAMWAY LIGHT & POWER CO.. LTD.For statement of this company see' Electric Ry .Section" of June 254910,
SAO PAULO, BRAZIL.THE SAO PAULO TRAMWAY LIGHT & POWER CO.. LTD.-An
electric road.For statement of this company see "Electric Ry. Sec." of June 25 1910
VP,
TORONTO, CANADA,THE TORONTO R Y.-A trolley road.ORGANIZATION.-Incorporated in 1892 and acquired by purchase the
old Toronto City Street railways and the exclusive privilege to work streetrailways in the city of Toronto for a term of 30 years from Sept. 1 1891(with the exception of two small reservations In the Act which are believedto be of no importance), a privilege which has since been ratified by Act ofthe Legislature of Ontario. In Oct. 1902 stock was increased to $7,000.000for the purpose of taking over the Toronto & York Radial Ry.. the entirecapital stock of which it owns. Guarantees that company's bonds. Prin•and int. V. 79, p. 1463. In April 1906 amount was further Increased to$8,000,000, to provide for new cars and extensions. Also controls the To-ronto Power Co. (which controls the Electrical Development Co. of On-tario, with power house, &c., at Niagara Falls).
Favorable Decision.-The judicial committee of the Privy Council inLondon rendered judgment favorable to the company with reference toits charter rights. See V. 84, p. 1249. And again in 1910 company wasupheld in its interpretation of agreement.Payments to the City.-As to annual payments to the city, see "Supple-
ment" of May 1898. Paid to city In 1909, $640,281; in 1908, $578,995;1907, $542,091; 1906, $467,365; in 1905, $405,639.
STOCK AND BONDS- Date. Interest. Outstanding. Last die. .&cStock. $8,000,000 (par. $100). Q-J $8.000,000 Oct '10 131Toronto St. Ry. debentures__ 1881 6 J-J 600,000 July 1 19141st M, $4.550,000. $ & E,I 1892 a4% g 3,398,327 Aug 31 1921$35,000 per mile c')Trustees. G.A.Cox.Tor..&R.B.Angus, Mont.
Toronto & York Radial Ry.1 1904 5 g A-0 1,620,000 Oct 1 19191st M, g ($1,000) , guar_ National Trust Co., Ltd., Toronto. trustee.
(Int. at Bank of Montreal. Toronto and N. Y.Tor Pow Co Ltd deb stk.sterr! 1908 4 J-J /500,000 July 6 1918Elec Devel Co $10,000,000 1903 5 $10,000,000 Mob 1 1933
1st mtge ($500), g c• Int. at Can. Bk. of Corn., Tor., N Y. & Lon.a Interest and principal on sterling bonds payable Feb. 28 and Aug. 31
at Bank of Scotland. Lothbury, London, E. 0.Sinking Fund.-The company is obliged to redeem 5% of its total bond
issue by drawings at par yearly from Aug. 31 1911 to 1920.Bonds.-The 1st M. covers entire property, subject to payments due the
city and the debentures, to retire which $600,000 firsts are reserved. Bondsare listed on I.ondon Stock Exchange.The debenture stock of Toronto Power Co. Is guar. unconditionally.
both as to prin. and int.. by Toronto Ry. Co. Secured by $2,000,000 bondsand four-fifths of common shares of Electrical Development Co. of Ontario.Ltd. Sinking fund for same equal to one-tenth of stock outstandingis payable annually. V. 87, p. 286. Elec. Devel. Co. bonds have a. f.beginning in 1911 of $1 per year for each electrical h. p. sold. V. 88, p.1318.
Dividends.-In 1898, 4%; in 1899, 4 %; In 1900. 4%; in 1901. 4 %; in1902 to 1905 incl., 5% per ann.; In 1906, 531%; in 1907, 6%; In 1908, 6%;In 1909, Jan., 1)4%; Apr., 131%; July, 131%; Oct., 131%; in 1910, Jan.;131%; Apr., 131%; July, 131%; Oct., 1ROAD.-Operates 114 miles of track; 70-lb. and 90-lb. girder rails.
Owns 860 cars, of which 661 are motor cars.REPORT.-For year ending Dec. 31 1909. see V. 90, p. 692.
Gross. Net. Charges. Dividends Pav'g. *Surplus.1909_ _$3,926,828 b$1,930,914 $756,404 $560,000 $82.128 $532.3821908__ 3,610,273 al.721,226 892.870 479,514 81,158 467.6841907.... 3,511,198 1,617,960 640.808 473,387 80,994 422,7711900.._ 3109,739 1.463,224 566,163 460,241 80,966 355,854a This includes $43,779 other income. b Includes $48,683 other income,• Out of this, $150,000 was deducted in 1909 and 1908, $125,000 in 1907.
$100.000 in 1906, and credited to a contingent account. Revenue passen-gers in 1909, 98,117.991; transfers, 38,151,596.OFFICERS.-Pres., William Mackenzie; V.-P., Frederic Nicholls;
Robt. J. Fleming; Sec. and Treas.. J. C. Grace.-V. 86, p. 338. 475, 1410;V. 87. p. 286; V. 88, p. 453, 560, 687; V. 90, p. 692.
WINNIPEG, MANITOBA.WINNIPEG ELECTRIC RY.-A trolley road.ORGANIZATION.-Incorporated in Manitoba In 1904 and Is a consoli-
dation of the Winnipeg Electric St. By. and the Winnipeg General PowerCo. Controls Suburban Rapid Transit Co. and Winnipeg Selkirk & LakeWinnipeg By. and guarantees bonds of those companies, prin. and int.V. 86, p. 1346. Operates the entire street railway, gas and electric businessof Winnipeg and St. Boniface. On July 20 1907 directors voted to increasecapital stock from $4,500,000 to $6,000,000. Franchises are perpetual andstreet railway franchise is exclusive in Winnipeg until 1927 and In St.Boniface until 1943.
STOCK AND BaNDS- Date. Interest. Outstanding. Maturity.Stock $6,000,000 ($100) ____ ct-.7 56.000.00C.Julr10.2 )4 S6_ Perpetual debenture stock.._ I___ 434 A-0 2 £300,000 See text
llfritish Empire Trust Co., London, Trustee.1st ref mtge. $5,000,000,gold,) 1905 5 g J-J 4,000,000 Jan 1 1935s f ($1,000) co iInt. at Bank of Montreal. Montreal and N.Y.
Win El St Ry mtge. $1.000.-1 1898 5 g J-J 1,000,000 Jan 1 1927000 $500) Interest at Bank of Montreal, Montreal.( Stock.-The $1,500,000 stock authorized July 1907 was offered to stock-
holders on or before Sept. 15 1907, payable 10% on subscription and 10%Oct. 15, Nov. 15 and Dec. 1907 and Jan. and Feb. 1908, and 6.66% March15 1908, the remaining 33.34% to be paid by the crediting of $500.000 tobe taken from profit and loss account. V. 85, p. 406. The debenture stockis repayable at no fixed date, but is subject to call at 105 and interest.V. 88, p. 626.Bonds.-Of the new $5,000,000 mortgage, $1,000,000 are reserved to
retire the first 55. The Royal Trust Co., Montreal, is trustee. The new,bonds are not subject to call, but 13i% of bonds outstanding Is payable toa sinking fund from 1915 to 1924 inclusive and 2% from 1925 to 1934 inclu-sive. See V. 79. o. 2698.EARNINGS.-For calendar year 1909, gross, $2,623,731,• net,$1.303.-
Passengers carried in 1909, 28,382,773, against 22,019,507 in 1908.ROAD.-Operates 101.5 miles of track, including Suburban Rap. Transit
Co. and Winnipeg Selkirk & Lake Winnipeg By. Has 200 cars and 27trailers Completed in 1907 a 30,000 11.-p. water-power plant.
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120 ELECTRIC RAILWAYS Lxxxxi.OFFICERS.—Pres„ William Mackenzie. Toronto; Vice-Pres.. WilliamWhyte, Winnipeg; Sec. and Treas., F. Morton Morse, Winnipeg; Mgr.,Wilford Phillips. V. 79, p. 2698; V. 83. p. 1525; V. 84, p. 896; V. 85. IL223, 406; V. 86. p. 604. 1346; V. 88, p. 508, 626; V. 90. p• 581.(1) Suburban Rapid Transit Co.ORGANIZATION.—Organized In 1902 In Manitoba. Charter givrscompany right to operate the telephone and telegraph lines and to dispcdtof electric light, heat and power. Franchise, 35 years from 1902 and isexclusive. Winnipeg Electric Ry. controls road through ownership of stock.STOCK AND BONDS— Date. Interest. Outstanding. Maturity.Stock. $100,060 See text
1 1908 5 F-A $500,000 Jan. 31 1938First mortgage ($1,000) g_cs4 Royal Trust Co., Montreal, Trustee.I Interest at Bank of Montreal, Montreal, Tor-t onto, New York, or London, Eng.
Bonds.—Are guaranteed prin. and int. by Winnipeg Electric By. Addi-tional bonds may be Issued at rate of not exceeding $20,000 per mile addi-tional road built.EARNINGS.—For cal. year 1909, gross, $46,294; net, $17,255; fixedcharges, $26,891: deficit, $9,636.ROAD.—Embraces 19 miles of track from Winnipeg to Headingly onthe north side of Assinibolne River and beyond the City Park on the southside of river. V. 86, p. 1345.(2) Winnipeg Selkirk & Lake Winnipeg Ry.Comprises 21 miles of road from Winnipeg on north side of Red River toSelkirk. Controlled through ownership of stock (auth. $500,000; paid in,$111,500) by Winnipeg Electric Ry. Co., which guarantees prin and Int.of company's $400,000 bonds. Earnings for cal. year 1909, gross $67,420;net, $36,272; fixed charges, $22,698; surplus, $13,574.
NEW COMPANIES.The following furnishes a reference to the volume and page of the "Chronicle" where information can be foundnot represented in this Issue of the "Electric Railway Section." These are either newly organized companiesadvanced sufficiently far to warrant the presentation of a regular statement regarding them, or else companies fromto secure full returns.
Aberdeen Southern & Huron Ry.—V. 87, p. 1532.Angelo Power & Traction Co. V. 88, p. 1497.Ardmore (Okla.) Traction Co.—V. 90, p. 913.Aroostook Valley RR.—V. 90, p. 107.Asheville Rapid Transit Co. V. 88. p. 503Astoria Seaside & Tillamook Ry.—V. 90, p. 1612.Atlanta et Carolina Ry. V. 86, p. 1283.Aurora De Kalb & Rockford RR. V. 87, p. 165, 543, 1603.Bakersfield & Ventura Ry. V. 83, p. 1227; V. 84, p. 50; V. 87, p. 543.Bayou Teche Railway et Light Co. V. 86, p. 1528.Blue Ridge Light & Power Co., Staunton, Va. V. 85, p. 1517, 1576.Boston & Providence Interurban Electric RR. V. 85. p. 1338.British Columbia Electric Ry. V. 81, p. 558, 612, 1847; V. 82, p. 1040,1322; V. 84, p. 803; V. 86, p. 1528; V.87, p. 1663; V. 89. p. 720, 777.Brunswick Terminal & Ry. Sec. V. 89. n. 528,1667; V. 90, p. 53, 625.Bryan (Tex.) & College Interurban Ry. V. 91, p. 716.California Midland RR. V. 84, p. 603, 1051; V. 85, p. 39.Calumet & Lac La Belie Traction et Power Co. V. 86, p. 1408.Camaguey (Cuba) Co.. Ltd. V. 86, p. 1528.Carolina Valley RR. V. 87. p. 1532.Chicago Aurora et Dc Kalb RR. V. 89, p. 592; V. 91, p. 517.Chicago-Nec, York Air Line. V. 88, p. 1619.Citizens Electric Co.. Eureka Springs, V. 85, p. 1209.Citizens' Light & Transit Co., Pine Bluff, Ark.—V. 90, p. 976.Clarksville (Fenn.) Street Railway & Light Co. V.80, p. 2457; V. 87, p. 96.Cleveland Barberton Coshocton & Zanesville Ry, V. 89, p. 410.Consolidated Railway & Light Co. of Delaware. V. 86, p. 1099, 1159.Consolidated Ry. & Pow. Co.. Fayetteville, N. C.—V.90, p.848, 1170.1613.Dallas Interurban Electric Ry. V. 89. p. 593.Dayton (0.) Street Ry. V. 87, p. 1532.Delaware & Atlantic City RR. V. 80. IJ• 858.Denton (Tex.) Ry. & Light. V. 88, p. 1499.Denver & Inter-Mountain Ry. V. 90, p. 697, 1675.Detroit Lansing & Grand Rapids Elec. Ry.—V. 89, p. 993.Duauoin Belleville & St. Louis Electric Ry. V. 84, p. 9115.Erie & Union RR. V. 88, p. 1127.Everett & Tacoma Ry.—V. 90, 1101.Fitzgerald & Ocilla Elec. Ry. V. 88. p. 1499.Gainesville Whitesboro & Sherman Ry. V. 83, p. 492; V. 87, p. 414.Gettysburg Transit Co. V. 89, P. 721.Greeley & Northern Railway & (flinty Co. V. 86. p. 602.Hammond Chicago Heights & Southern Traction Co. V. 91, p. 276.Huron & Ontario Ry. V. 85,13. 600.Hutchinson Interurban Ry. V. 85, p. 1645.Indianapolis Huntington Columbia City & Northwestern Electric Ry.V. 85. p. 1330; V. 86, p. 337.Inter-Mountain Ry. V. 88, p. 624.Inter-State Railway (Missouri). V. 85, p. 1339.Iowa City Ottumwa & Southwester nElec. Ry.—V. 89, P. 1068Iowa-Missouri Traction & Power Co. V. 84, p. 931.Ithaca-Owego Traction Co. V. 84, p. 1366.Janesville (Wis.) Street Ry.—V. 90, p. 697, 977.Kansas-City-Olathe Electric RR. V. 84, p. 158.Kentucky Railway Traction. V. 89, p. 721.Lake Erie & Youngstown Ry.—V. 89, P. 993.Las Vegas Ry. & Power Co. V. 88. p. 1061.Lima-Honeoye Electric Light & Railroad. V. 86, p. 857; V. 91, P. 589.Lima Urban Ry. V. 84. p. 1551; V. 85. p. 160, 1270; V. 86. p. 1224; V. 87.p. 1420; V. 88, p. 1253: V. 89. p. 1347; V. 90, p. 1239.Lincoln Railway & Light Co. (Illinois). V. 84. o. 1182.Manhattan Bridge (N. V.) Three-Cent Fare Line. V. 91, p. 154.
concerning a number of companiesthe affairs of which have not yetwhich it has not been found possible
Mankato Electric Traction Co. V. 86,_ p. 1409.Matamoras & Santa Cruz Street Ry. V• 86. P. 857.Meadville & Conneaut Lake Traction.—V. 89, p. 42; V. 00, p. 627.Menominee & Marinette Light & Traction Co.—V. 89. p.1142: V. 90. p. 627.Mexican Tramways Co. V. 88, p. 375, 452, 564; V. 91, p. 94, 397.Mexico (Mo.) Santa Fe & Perry Trac.—V. 90, p. 1614.Meyersdaie & Salisbury Street Ry. V. 86, p. 220.Mineral Wells Electric Co. V. 91, p. 397.Missouri Water Light & Trac. Co. V. 91, p. 39.Monterey Fresno & Eastern Ry. V. 85, p. 40.Monterey & Pacific Grove Street Railway & Electric Power Co. V. 84.p. 1552: V. 85, p. 346; V. 87, p. 1089.Monterey (Mex.) Ry, Lt. & Power Co. V. 88, p. 1128.Montgomery Rapid Transit Co. V. 88, p. 1620; V. 89, p. 1542.Mt. Vernon (Ohio) Railway & Light Co. V. 87. p• 286. 936. 1429*Nevada (Mo.) Water Light & Traction Co. V. 91, p. 39, 276.
Northwestern wAeusbteurrn hiAuburn
Ohio LansingRR.
vRR. V. 83, p. 156; V. 84, p. 1380; V. 85, P. 160.V. 86, p. 1226.
' dessa & Middletown Ry. V. 86, p. 1226.Ogden Rapid Transit. V. 88, p. 1062.Ohio & Southern Traction Co. V. 85. p. 1210.Pasadena Rapid Transit, V. 89, p. 1411: V. 91, p. 717.Pennsylvania & Maryland St. Ry. V. 87. p. 1421.Philadelphia & Suburban Elevated RR_. V. 89, p. 594; V. 90, p. 628.Providence Warren & Bristol RR. V. 88, p. 1129.Pueblo Tramway. Light & Power Co. V. 84, p. 1308, 1429; V. 85. p. 723.Quebec RY., Light, Heat & Power Co. V. 89, p. 1281, 1598; V. 91, p. 95,215.Railway & Light Securities Co. (Boston). V. 85. p. 341; V. 87. p. 409;V. 89, p. 229: V. 90, p. 168; 913, 915.Richmond (Va.) & Henrico Ry. V. 90, p. 1615; V. 91, p. 276.Rochester-Corning-Elmira Traction Co. V.86, p.1226; V.87, p.416. 1664.Rockland South Thomaston & Owl's Head Street Ry. Co. V. 83, p. 97.V. 84. p. 340, 627; V. 87, p. 1480.Sabine Tram Co. V. 88, n. 1314.St. Francois County Ry., Farmington, Mo. V. 89, p. 1349; V. 91, p. 519.St. Louis Montesano & Southern Ry. V. 88, p. 1501; V. 91, p. 155.Salt Lake & Ogden Ry. V. 88, p. 625..San Francisco Vallejo & Napa Val. Rs,. V. 90, p. 1297.Seattle-Tacoma Short Line. V. 89, p. 412; V. 90, p. 111, 373.Shelbyville & Ohio River Electric RR. V. 83, p. 324; V. 85. p. 347.Sherbrolke (Que.) Street Ry. V. 90, p. 1426; V. 91, p. 95.Southern Traction Co. of Illinois. V. 89. p. 412.Springfield (III.) & Jacksonville Electric Ry. V. 89, p. 44; V. 91. p. 398,464.Springfield & Washington Ry. Co. V. 86, p. 1531Springfield Wilm. & Cincinnati Ry. V. 88, p. 1255.Toledo Ann Arbor & Detroit Ry. V. 85. p. 347. 470: V. 87, p. 1358.Toledo & Chicago Interurban R. V. 85, p. 422 915.Toledo Columbus Springfield et Uncinnati Ry. V. 89. p. 666.Trenton Lakewood & Atlantic Ry. V. 88, p. 1003.Twin City & Lake Superior Ry. V. 90, p. 237.United Rys. (Portland. Ore.). V. 89, p. 1412: V. 90, p. 1297. 1364.United Service Co., Scranton, Pa. V. 91, p. 407.Utica Southern 10. V. 89, p. 1669.Washington (D. (...) Spa Spring & Gretta. V. 88, p. 1063.Washington (Ohio) Traction Co. See Springfield & Washington By.West Shore Traction Co. V. 85, p. 223.Wetzel & Tyler RR. V. 83, p. 157; V. 86, p. 1161.Whitehall & Granville RR. V. 84, p. 1369.Windsor Essex & Lake Shore Rapid Ry. V.86. p.482, 670; V.87. p.1534.
ABBREVIATIONS, ETC.The terms and abbreviations employed in this SUPPLEMENT are explained in the following:"STOCK AND BONDS."—Under these words are shown—
"STOCK,"—The amount of stock authorized immediately follows the word "stock," and against this is the par value of single shares. For example:..Stock, $200,000 ($100)." means stock, total issue authorized by charter or by Act of Legislature, $200,000, divided into shares of $100 each; "f. p."following the amount given as outstanding means "full paid.""Pref.' means "preferred stock." "Pref. 6% cum.' means preferred stock entitled to dividends of 6% per annum, such dividends if not paidaccumulating, all dividends due and unpaid to be paid in full for each and every year before the common stock receives anything. "Pref. 6 % non-cum." means simply that the stock is entitled to 6% per annum If earned, but that if unearned In any year the dividend for that year will not be paidsubsequently."BONDS."—"Mort." or "M." means mortgage. "Consol." or "con. M." means consolidated mortgage. "Gen. M." means general mortgage.The amount next following Is the total authorized amount that can he issued under the mortgage. The word "gold" is usually spelled out, but in someInstances is contracted to "g.," while "cur." means currency."Cony." means convertible into stock. "S. f." means sinking fund. "c." means coupon; "cs" means coupon but may be registered as to prin-cipal; "r" means fully registered (no coupons), "rs" means registered, convertible Into coupon bonds: "c• dor" means registerable In either formand convertible from registered to coupon or the reverse; and "coda" means that registered certificates without coupons as well as coupon bonds areoutstanding. The letters "p. m." mean per mile, so $15,000 p. m. means that the issue of bonds Is restricted to $15,000 for each mile of track."Guar." means guaranteed, and "guar. p. & I. (encl.)" means guaranteed as to principal and interest, the guaranty being endorsed on each bond."DATE."—The date of Issue on the face of toe bonds is Indicated under tne word "date.""INTEREST."—Under this heading Is given the rate per cent yearly of the interest payable on the bonds or (if guaranteed) of the dividend payableon the stock; also the months when the interest or dividend Is payable; thus, "6 J-J' means 6% per annum payable January and July; correspond-ingly "F-A" is used to mean February and August; "M-S" means March and September, and so on; while "Q-J" means quarterly beginning In Januaryand "0-F" quarterly beginning in February. (The day when the interest payment is due can generally be determined by noticing when the loansmature, the day of the month there given heIng in most cases the same as for one of the Interest dates)"ROAD."—The word "track means in Street Railway parlance all track, whether main line, siding, switch or second track. "Rails are 80-tbgirder" means that each rail weighs 80 pounds to the yard.
INDEX TO RAILWAYS.Pape,
Aberdeen Southern do Huron Ry 120damstown & Mohnsvillo El. Ry.—SeeUnited Traction (Reading) 90
Akron Wadsworth & Western Ry.—See North.Ohio Tract. & Lt. Co 5
Alabama City Gadsden & Attalla St. By 47Albany & Hudson RR.—See Albany Sou.RR. 53Albany Ry.—See United Traction (Albany) 5Albany Southern RR 53Alfr.*Lt. & Power Co.—See Atl. Sh, Line Ry103Allegheny & Bellevue—See Fed. St. .50 Pl. V 93Allegheny Belle. & Per. Ry.—See Phila. Co 93Allegheny St.—See Federal St. & Pleas. Val 93Allegheny Traction—See Cons'd Trac. System 94Allegheny Valley Street By 11$Allentown El. L. & P.—See Leh. Val. Tran 6Allentown & Reading Traction Co 6Allentown do Slatingt'n—See Leh. Val. Tran Allentown & South Allentown Bridge Co.—See
Lehigh Valley Transit Co 6Allentown & South Allentown Street Ry.—See Lehigh Valley Transit Co
Page.Alliance Electric Ry.—See Stark Elec. RR___ 6Alton Granite & St. L. Trac. Co.—See East St.Louis & Suburban Co 43Alton By. Gas & Elec. Lt.—See East St. Louis& Suburban Co 43Alton By. do Ill.—See E. St. Louis & Sub. Co_ 43Altoona & Logan Valley Electric Ry.—SeeAmerican Rys. Co 87American Cities Ry. & Light Co 10American Railways Co 86Amesbury & Hampton—See N. Ham. Elec.Ry. 50Amherst&Sunderi'd St. Ry.—See Holy. St. By 51Amsterdam Street RR 6Anacostla & Potomac River RR.—See Wash.By. & Electric 116Anderson Electric St. Ry.—See Union Tr. Co. 6Anderson Traction Co 7Angelo Power & Traction 120Anniston Electric & Gas Co 7Ardmore St. Ry.—See Cons. Trac. of PIttab 94Ardmore (Okla.) Traction 120Arlington Heights Motor By 110Aroostook Valley RR 120Asheville Electric Co 7
PageAsbury Park & Sea Girt RR.—See Atlantic ,
Coast Electric By 7Asheville Rapid Transit 120Ashland (Wis.) Light, Power do Street Ry . 7Ashland Pow. Co.—See Ashland L. ,P, & St.Ry 7Ashtabula Rapid Transit 7Astoria Elec. Co. (Ore.)—See Pac. Pow.&Lt.Co 97Astoria Seaside & Tillamook By 120Atchison By. Light & Power. 7Athens (Ga.) Electric Ry.—See Athens By.& Electric Co 7Athens By. do Electric Co 7Atlanta & Carolina Ry 120Atlanta Consol. St. RR.—See Ga. Ry.&Eleo 7Atlanta G. L. Co.—See Ga. By. ec Elec 7Atlanta Northern Ry.—See Ga. By. & El. Co. 8Atlanta St. RR.—See Ga. By, & Elec. Co 7Atlantic Ave. RR.—Sco Bklyn. Rapid Tran. 17Atlantic City & Ocean City Co 8Atlantic City do Ocean City RR.—See AtlantioCity & Shore RR 8
Atlantic City & Shore Co 8Atlantic City do Shore RR.—See Atlantic City63 Shore Co 8
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OCT., 1910.] INDEX TO RAILWAYS. 121Page.
Atlantic & Suburban Ry.—See Atlantic City& Shore Co 8
Atlantic Coast Electric By 7Atlantic Shore Line By 103Auburn & Northern Elec. RR. (with map) 113Auburn & Syracuse Electric RR. (with map) _113Augusta ,S: Aiken Ry.—See North AugustaBy. 80 Improvement Co 8
Augusta-Aiken By. & Electric Co 8Augusta & Columbia By 8Augusta (Me.) Hallowell Fe Gardiner RR.—See Lewiston Augusta & Watery 60
Augusta (Ga.) Ry. & Electric Co 8Augusta Winthrop de Gardiner Ry.—SeeLewiston Augusta & Waterville St. By 60
Aurora De Kalb & Rockford RRAurora Elgin & Chicago (with map)Austin Electric By
120228
Roden & St L. RR.—See United Rys. Co__ ..102A'akersfield Gas & Elec. Lt. Co.—See Power
Transit & Light 8Bakersfield & Kern Elec. Ry.—See Power
Transit & Light 8Bakersfield & Ventura By 120Bait. & Annap. Short Line—See Maryi'd Rys_ 9Baltimore Catonsville & Ellicott's Mills Pass.RR.—See United Rys. & Elec. Co 8
Baltimore City Passenger Rallway—See UnitedRys. & Elec. Co 8
Baltimore Halethorpe & Elkrldge By 9Baltimore & Northern Electric Ry.—See
United Rys. & Electric Co 8Bait. Sparrows Point & Chesapeake By 9Baltimore Term. Co.—See Wash. Bait. & Ann.116Baltimore Traction—See United Rys. & Elec. 8Baltimore de Washington Transit 116Bangor Ry. & Electric Co 9Barre de Montpelier Traction & Power 9Bath St. Ry.—See Lewiston Aug. & Watery 60Baton Rouge Electric Co.. 9Bay Counties Power Co.—See Pacific Gas &
Electric Corporation 103Bayou Teche Railway & Light Co 120Beatrice (Neb.) Electric Co 9Beaumont Trac. Co.—See South. Elec. Sec. Co. 78Beaver Valley Traction—See Phila. Co 94Bellaire Bridgeport (0.) & Martin's Ferry
Street Ity.—See Wheeling Traction 117Bellaire South Western Trac. Co.—See Wheel-
ing Traction 117Bellevue Water & Fuel Gas Light Co.—See
Cln. Newp't & Covington Lt. & Tract. Co.._ 35Bellingham & Skagit Ry.—See WhatcomCounty Ry. & Light Co 9
Belton & Temple Traction Co 113Ben Avon & Emsworth St. Ry.—See Phila. Co. 93Bennington & Hoosic Val. Ry.—See Conn. Co.. 74Bennington & No. Adams St. Ry.—SeeConnCo 74Benton Harbor-St. Joe Ry. & Lighting 10Bergen Turnpike Co.—See Public Service By.. 73Berkeley Elec. Ltg.—See Pacific Gas & Elec., _103Berkley St. Ry.—See Norf. . & Ports. Tr. Co 82Berkshire Street Ry.—See Connecticut Co.._ _ 74Beth. & Nazareth—See Leh. Val. Transit... 6Beverly & Danvers—See Boston & Nor 14Biddeford de Saco Railroad 10Biloxi El. By. & Power Co.—See Gulfport &
Miss. Coast Tract. Co 50Binghamton Lest. & Union—See Bing. By. ..10Binghamton Railway Co 10Birdsboro St. Ry.—See United Trac. (Reading) 90Birmingham & Gulf Railway & Navigation Co.115Birmingham Knoxville do Allentown Trac-tion—See Pittsb. & Birmingham Tr 93
Birmingham Railway & Electric—See Bir-mingham By. Lt. & Power 10
Birmingham By. Lt. & Power 10Black Rock & Salisbury Beach—See Haver-
hill & Amesbury 51Bleecker Street & Fulton Ferry RR.—See
Metropolitan St. By. System 79Bloomfield Street—See Pittsburgh Tr. System 94Bloomington & Normal By. El. & Heating Co.—See Bloom. & Norm. By. & Lt 36
Bloomington & Normal Ry. 80 Lt. Co 36Bloomington Pontiac & Joliet Elec. Ry.—SeeChic. Joliet & St. Louis Electric 55
Blue Grass Trac. Co.—See Lex. & Inter. Ry.._ 01Blue Hill Street Ry 21Blue Ridge Light & Power Co., Staunton. Va_120Bluffton Geneva & Celina Trac.—See Marion
Bluffton & Eastern Trac 10Boise & Interurban By.. Co 10Boston & Chelsea—See Boston & Northern 14Boston Elevated By. (with map) 10Boston Mil. & Brock.—See Old Col. St. By...... 1 iBoston & Northern Street By. (with map) 14Boston Fc Providence Interurban Elec. RR 120Boston & Revere Electric 14Boston Suburban Electric Companies 12Boston & Worcester Electric Companies 15Boston & Worcester Street By 15Boyerstown SC Potts. St. Ry.—See United Tr. 90Braddock & Turtle Creek Passenger Railway—See United Traction 93
Braintree St. Ry.—Sce Old Colony St. Ry 14Braintree & Weymouth St. Ry.—See Old Col-ony Street By 14
Brattleboro Gas Light Co.—See Twin StateGas & Electric Co 15
Bridge Operating Co.—See Bklyn. R. Tr. Co... 17Bridgeport(Conn.)Trac.—See Conn.Ry.deLt.Co.75Bridgeton Electric—See Am. Rys. Co. (Phila.) 86Bridgeton & Millv. Tr.—See Am. Rys. Co 86Bridgewater Whitman & Rockland St. Ry.—See Old Colony St. By 14
Brightwood Ry.—See Wash. By. de Elec. Co_ _116Bristol County St. Ry.—See Taunton de Paw-
tucket St. By 113Bristol (Tenn.) Gas & Electric Co 15Bristol Fc Plainville Tramway (Conn.) 15British Columbia Electric By 120Broad Ripple Traction 53B'Way (lc 7th Ave. RR.—See Met. St. By. Sys. 79Broadway Surf. RIt.—See B'y de 7th Ave.RR. 79Brockton Bridgewater & Taunton St. Ry.—See Old Colony St. By 14
Brockton & East Bridgewater St. Ry.—SceOld Colony St. By 14
Brockton & Plymouth Street By 95Brockton Street Ry.—See Old Colony St. By.. 14Bronx Traction Co.—See Third Ave. Ry 81Brooklyn Bath Fc West End RR.—See B.R.T. 17Brooklyn & Bright. Beach—See Bklyn. R. T. 17Brooklyn Cable Co.—See Nassau Electric...... 18Brooklyn City & Newtown RR.—See Coney
Island & Brooklyn 18Brooklyn City 11I1.—See Brooklyn Rap. 'Fran. 17Brooklyn Crosstown 1111.—See Brooklyn Rap.Tran 17
Brooklyn Heights RR.—See Brooklyn R. T.._ 17Brooklyn Queens County & Suburban RR.—See Brooklyn Rapid Transit 17
Brooklyn Rapid Transit (with map) 15Brooklyn Union Elevated 18
—Page.
Brownsville Avenue Street Ry.—See Pitts. deBirm Traction Co 93
Brunswick Terminal de Railway Sec 120Brunswick Trac.—See Public Service Ry 72Bryan (Tex.) & College Inter. By 120Melts County Electric Ity . 82Buffalo Bellevue & Lancaster Ry.—See Inter-
national Traction 19Buffalo & Depew By 18Buffalo Dunkirk & Western RR.—See Buffalo& Lake Erie Traction Co 19
Buffalo East Side St. Ry.—See Intern. Trac 19Buffalo Gardenville & Ebenezer Ry.—See
Buffalo Southern By 19Buffalo Genessee & Roch.—See Buff. 80 Depew. 18Buffalo Ham. & Aur.Ry.—See Buff.South Ry. 19Buffalo & Lackawanna Traction Co. 19Buffalo & Lake Erie Traction Co. (with map).. 19Buffalo Lockport & Rochester By 19Buffalo & Lockport St. Ry.—See Inter. Trac 19Buffalo & Niagara Falls Electric Ry.—See In-ternational Traction 19
Buffalo Ry.—See International Traction 19Buffalo Southern By 19Buffalo Tonawanda & Niagara Falls ElectricRR.—See International 'Fraction 19
Buffalo Traction.—See International Traction 19Buffalo & Williamsville Electric Ry 19Burlington County Ity.—See Burl. Co. Tran.__ 70Burl ngton County Transit Co 70Burlington (Iowa) Ry. & Light Co.—See Peo-
ple's Gas & Electric Co 21Burlington (Vt.) Traction 21Butte Electric By 21
f-,adillac Water & Light Co 49•-•airo Elec. & Trac.—See Cairo By. & Light_ 84Cairo By. & Lt. Co.—See Western Rys. & Lt. 84Cairo & St. Louts RY 21Calais (Me.) Street Railway 21California Central Gas ,SG Electric Co.—See
Pacific Gas & Electric Corporation 103California Gas & Electric Corporation.—See
Pacific Gas & Electric Co 103California Midland RR 120California Pacific Ry.—See Los Angeles Inter. 62California Street Cable.. 105Calumet Elec. St. Ry.—See Cal. & So. Chic 24Calumet dc Lae in Belie Trac. & Power Co.. __ 120Calumet ,S: South Chicago Ry.—See Chic. City& Connecting Rys 24
Canton-New Philadelphia Ry.—See Canton-Akron Cons By 5
Cape May Del Bay & Sewell's Point Elec. By.. 21Capital Traction 116Carbondale Ry.—See Scranton By 87Carbon Street Ry.—See Carbon Transit Co_ _ _ _ 88Carbon Transit Co 68Carolina Power & Light Co 99Carolina Valley ItR 120Cass Ave. & Fair. Gr. Ry.—See United Rys Co_102Catharine& Bainbridge Sts.Ry.—See Un.Trac. 89Cayuga Lake Electric By —See Ithaca St. By.. 55Cedar Rapids & Iowa City By. & Light Co 21Cedar Rapids & Marlon City By 21Central California Electric Co.—See PacificGas & Elec. Co 103
Central California Traction Co 111Central Crosstown RR.—See Met. St. By. Sys. 79Central Electric Co.—See Somerset Union &
Middlesex Lighting Co 72Central Elec.—See Sacramento Elec. G. de Ry.103Central Elec. By. (Kan.)—See K. C. By. & Lt. 57Central Illinois Public Service Co 68Central Kentucky Traction Co.—See Ltaing-ton de Inter. Rys 61
Central Market St. Ry.—See Columbus Trac.Co. 33Central Mass. Electric 75Central Park North & East River RR.—See
Metropolitan Street By. System 80Central Pass. Ry.—See Louisville Trac. Co..._ 66Central Pass. By. Co.—See Atl. City & Sh. RR. 8Central Passenger Ity.—See Central Traction_ 94Central Pennsylvania Traction Co 50Central Ry.—See United Railways & Electric. 8Central Ity.—See Peoria Ry 36Central Traction.—See Consol. Trac. System_ 94Central Traction.—See Sioux City Service__ ..109Chambersburg & Gettysburg Electric RI, 21Chambersb. Greencastle & Waynesb. St. Ry_.117Charleston City Ry.—See Charleston Consoli-
dated Railway Gas 80 Electric 22Charleston Consolidated By. Gas & Electric—See Charleston Cons. fly. & Ltg. Co 22
Charleston Consol. By. & Lighting Co 21Charlotte Electric By. Light & l'ower Co - 22Chattanooga Eke. Ry.—See Chatt. By. & Lt.. 22Chattanooga Rys. Co —See Chatt. By. & Lt.._ 22Chattanooga Railway & Light 22Chautauqua Traction Co 55Chester Darby & Phila.—See Chester Tree 91Chester & Media Elec. Ry.—See Chester Trac. 91Chester Street fly—See Chester Traction__ _ _ 91Chester Traction—See Wilm. & Ches. Tram. Co. 91Chicago Aurora & De Kalb RR 120Chic. Bloom. & Decatur Ry.—See Ill. Trao. Co. 36Chicago City & Connecting Rys 22Chicago City Ry.—See Chic. City ,Se Conn. Rys. 22Chicago Cons. Traction 26Chicago & Desplaines Val.—See Am. Rye. Co_ 86Chicago Electric Trac. —See Chic. & So. Trac. 24Chicago Electric Transit—See Chic. Cons. Trac. 26Chicago & Jef Urban Tran.—See Chl.Con Trac. 26Chicago Joliet & Central Illinois RR.—SeeChicago Joliet & St. L. Eiec 55
Chicago & Joliet Mee RR.—See Am. Rya. Co_ 87Chicago Joliet & St. Louis Elec. By 55Chicago Junction 'IR.—See So. Side Elec. RR 27Chicago Lake Shore & South Bend By 68Chicago & Milwaukee Electric 24Chicago de New York Air Line. 120Chicago & No. Shore St.—See Chic. Con. Trite_ 26Chicago & Oak Park Elevated By 26Chicago Ottawa & Peoria Ry 85Chicago Itagways Co. (with maP) 26Chicago & Southern Traction Co 24Chicago South Bend & Northern Indiana
Railway 109Chicago Union Traction—See Chic Rys. Co.... 26Chicago & Western—See Chic. City & Con-
necting Rys 22Chippewa Valley Ry. Light & Power 45Choctaw Railway & Lighting Co 67
Page.Christiana & Coatesville St. Ry.—See Lancas-
ter Railway ec Light Co 60Christopher & Tenth Streets RR.—See Metro-
politan Street Railway System 80Cicero & Proviso St. Ry.—See Chic. Con, Tram. 26Cincinnati & Columbus Traction Co 27Cincinnati Covington & Erlanger.—See Cin-
cinnati Newport & Covington 35Cincinnati Dayton & Toledo Traction Co 34Cincinnati Georgetown de Portsmouth Ry........ 28Cin. & Ham. Tract Co —See Ohio Tract. Co 28Cincinnati Laurenceburg do Aur. Elec. St. By.. 28Cincinnati Milford & Loveland Traction 28Cincinnati Newport & Covington Lt. &Tr.Co 35Cincinnati Street Ry.—See Cincinnati Tract_ 28Cincinnati Traction Co 28Citizen, Eke. Co. Eureka Springs, Ark. 120Citizens' Electric Co.—See Somerset Union &
Middlesex Lighting Co 72Citizens' Elec. Light, Heat & Power 72Citizens' Elec. Light & Power Co.—See East
St. Louis & Suburban Co 43Citizens' Electric Railway Light ec Power Co.See Mansfield Railway Light & Power Co 30
Citizens' Elec. St. Ry.. Newburyport, Mass.__ 82Citizens Lt. & Transit (Pine Bluff) 120Citizens' Passenger Ry.—See Harrisburg Trac. 50Citizens' Pass. fly. (Phila.)—See Union Trac 89Citizens' Railroad Light de Power Co. (Fishkill-on-Hudson)—See Fishkill Electric By 46Citizens' Railway (Waco. Tex.).. 116
Citizens' Ry., Lt. & Power—See Newport Newsec Old Point By. & Electric 50Citizens' Ry. & Light Co. (Ft. Worth) 47Citizens' Ry. & Lt. Co.—See United Lt. &Rys. 49Citizens' By. Co. (Lincoln,Neb.)—See Linc.Tr. 81Citizens' Ely. Co. of Venice—See Ill. Traction_ 36Citizens' Rapid Transit.—See Nashville By.... 70Citizens' Street Ry. (Indianapolis, Ind.)—SeeIndianapolis Street Ry 53Citizens' Street RR.—See Memphis Street By.. 68Citizens' Street Railway (Muncie, Ind.)—SeeUnion Traction of Indiana 6Citizens' Traction.—See Consol. Trac. System. 94Citizens Traction Co., 011 City 83City Electric By. (Port Huron, Mich.)—SeeDetroit & Port Huron Shore Line 42City Electric By. (Rome, Ga.)—See RomeRy. & Light Co 101City & Elm Grove Railroad Co 117City Railway (Dayton, Ohio) $8City Railway Co.—See City & Elm Grove RR_117City & Suburban.—See United Railways &Electric Co. of Baltimore 8City & Suburban Ry.—See Portland By 97City & Suburban Ry. (Washington, D. 0.) 116Clarksville Street Railway & Light Co 120Cleveland Barberton Coshocton & Zanesv. Ry_120Cleveland Berea Elyria & Oberlin Ry.—See
Cleveland City Ry. —See Cleveland By 28Cleveland & Eastern By 30Cleveland Electric Ry.—Sec Cleveland Ry 28Cleveland Elyria & Western.—See ClevelandSouthwestern & Columbus By 30
Cleve. & Erie By. Co 48Cleveland Painesville & Ashtabula RR 30Cleve. Painesville de Eastern RR. (with map) _ 30Cleveland Railway Company (with map) 28Cleveland & Southwestern Traction Co_—See
Cleve. Southwest & Col. By 30Cleveland Southwestern & Columbus By 30Cleveland Youngstown & Eastern By 30Clinton Street Ry 32Coal Belt Electric Railway Co 88Coal Castle Electric Ry.—See E. Penn. Rya 97CoalvIlle Passenger—See Wilkes-B. & W. V. Tr_ 90Coast Counties Light & Power Co 107Coeur d'Alene do Spokane Ry.—See Spokane& Inland Empire Ry 110
Cohoes Ry.—See United Traction Co 5Colonial City Traction—See Kingston Con. RR.59Colorado fly. Lt. & Power 115Colorado Springs & Interurban By 32Colorado Springs, Light, Heat & Power Co 60Colorado Springs Rapid Transit.—See Colo-rado Springs & Interurban 32
Columbia i S. C.) Elec St. By. Light & Power_ 32Columbia & Montour Electric Ry.—See Colum-bia Power Lt. & Rys 10Columbia Power, Light & Railways 10Columbia Ry.—See Wash. By. & Elec. Co___116Columbia Water Power Co.—See Columbia
Electric Street By. Light & Power Co $2Columbus Buckeye Lake & Newark Traction.—See Columbus Newark & Zanesville 33
Columbus Delaware de Marlon Elec. RR $4Columbus Delaware & Marion By 34Columbus Edison Co.—See Col. By. de Lt. Co.. 32Columbus (Ga.) Electric Co 32Columbus Grove City & Southwestern Ry.—See Indiana Columbus & Eastern 33
Columbus Light. Heat & Power Co 33Columbus London de Springfield Ry.—See In-diana Columbus dc Eastern.. 33
Columbus Magnetic. Springs & Northern By..... 40Columbus Marion & Bucyrus RR. Co $4Columbus New Albany & Johnstown Trac. Co.. $4Columbus Newark & Zanesville Electric Ry.__ 33Columbus & Ninth Ave.RR.—See Met.St.Ry_ 78Columbus Northern Fly., Power & Equipment_ 34Columbus Power Co 32Columbus (Ga.) RR.—See Columbus Elec. Co. 32Columbus Ry.—See Columbus By. & Lt. Co.... $2Columbus Railway & Light Co $2Co umbus Traction Co.—See Col. By. de Lt.Co. 33Commonwealth Avenue Street Ry.—See Mid-
dlesex fe• Boston Street fly 12Commonwealth Power Railway de Light Co 48Commonwealth Power Co 49Compton Heights Union Depot & Merchants'Terminal Ry. —See United Railways System102
Concord Maynard de Hudson Street Ry 68Concord Street fly 34Coney Island & Brooklyn RR 18Coney Island & Gravesend.—See Bklyn. R. T.. 15Conestoga Traction—See Lan. Co. Ry. & Lt_ 60Conneaut & Erie Trac. Co.—See Cleve.&Erie 48Connecticut Company 74Connecticut Ity. de Ltg.—See'Conn. Co 75Connecticut Valley Street Railway 83Connellsville Suburban Street Ry.—See WestPenn Railways Co 94Conshohocgen Ry—See Schuylkill Valley.... 90Consolidated Railway Co.—See Conn. Co 74Consolidated fly. & Light Co. of Delaware.. ........1Z0Consolidated Railways Light & Power Co.(Wilmington, N. C.). 117
Consolidated By. & Power (Fayetteville,N.C.) 120Consolidated Railway & Power Co.—See Utah
Light de Railway 102Consolidated Traction of New Jersey 73Consolidated Traction of Pittsburgh, Pa 93Consumers' Power Co 49
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122 INDEX TO RAILWAYS [VOL. Lxxxxi.
Pape.Continental Passenger Ry.—See Union Trac__ 89
Coplay Egypt & Ironton.—See L. Val. Tram._ 6Corning do Painted Post Street By 34
Corrigan Cons. St. Ity.—See K. C. St. By. & Lt 57
Cortland County Traction 35Cross Island Traction.—See South Shore Traci_ 83Crosstown St. Ry. (Buffalo)—See Inter. Trac. 19Crosstown St.—See Columbus By. ec Lt. Co 32Cumberland & Westernport Elec. By 35
'Naas Electric Corporation 35A-.allas Interurban Electric By 120Danbury (Conn.) do Bethel Street By 35Danbury ec Harlem Traction Co 35Danville & Bloomsb. St. Ry.—See Col. Power,
Light & Railway 10Danville Consumers' Coal Co 38Danville do East. Ill Ry.—See Ill. Tract. Co 38Danville & Northern—See Danv. St. Ry.&Lt_ 36Danville & Southeastern By 38Danville (Ill.) Street By. & Light 36Danville Urbana & Champaign Ry 36Darby Media & Chester Ry.—See Phila. Rapid
Transit 88Darby & Yeadon St. Ry.—See Phila. R. T_ 89Dartmouth & Westport St. By., New Bedford 73Davenport & Rock Isl. Ry.—See Tr -City Ry.
de Light Co 38Dayton Covington do Piqua Traction 38Dayton & Muncie Traction Co.—See IndianaUnion Traction Co 6
Delaware County & Philadelphia Elect. By. 91Denison & Sherman By 40Denton Railway & Light 120Denver City Tramway (with map) 40Denver Consol. Tram.—See Denver City Tram. 40Denver & Intermountain 120Denver 63 Northwestern By 40Denver Tramway Pow, Co.—See Den.Cy.Tram 40Derby Street Ry.—See Conn. By. & Ltg. Co_ 75Des Moines City By 40Des Moines Electric Co 38Des Moines St. RR.—See Des M. City By.. _ 40
Des Moines Suburban Ry.—See Des M. City_ 40Deplaines Val. Elec.—See Am. Rys. Co 86Detroit Citizens' St. Ry.—See Det. United By. 42Detroit Electric Ry.—See Detroit United By.. 42Detroit Jackson & Chicago (with map) 42Detroit do Flint—See Detroit United By 42Detroit Fort Wayne & Belle Isle Ry.—See
Detroit United By 42Detroit & Lake St. Clair RR.—See Detroit &Port Huron Shore Line 42
Detroit Lansing & Grand Rapids Electric_.. _120Detroit Monroe & Tol. Short Line Ry.—See Detroit United By 42
Detroit ec Northw.—See Detroit United By 42Detroit do Pontiac Ry.—See Detr, it United Ry 42Detroit & Port Huron Shore Line (with map)._ 42Detroit Ry.—See Detroit Electric By 42Detroit Rochester Romeo & Lake Orion—See
Detroit & Flint By 42Detroit Sub. Ry.—See Detroit Citizens' By...... 42Detroit United By. (with map) 40Detroit Ypsilanti Ann Arbor & Jackson Ry.._ 42Dighton Somerset & Swansea St. Ry.—See
Globe St. Ry 15Dominion Power & Trans. Co 118Dover Gas Light Co.—See Twin State Gas &
Electric Co 15Dover Somersworth & Rochester—See NewHampshire Traction Co 50
Doylestown & Easton St. Ry.—See Phila. &Easton Electric RR 43
Doylestown & Willow Grove Ry.—See Phila-delphia Rapid Transit Co 89
D. D. E. B'dway .30 Bat.—See Third Ave. Sys_ 81
Du Bois Electric & Traction Co 43
Duquoin Belleville & St. Louis Elec. By 120
Duluth St. Ry.—See Duluth Superior Tract.... 43Duluth-Superior Traction 43Dunkirk & Fredonia RR.—See Buffalo & Lake
Erie Traction Co . _ _ 19Dunkirk Street Ry.—See Buffalo & Lake Erie
Vast Cleveland Ry.—See Cleveland By 28'-aastern New York RR 8Eastern Pennsylvania Rys. Co. (with map)._ 97Eastern Wisconsin By. 83 Light Co 46East H. Pass.—See Harrisburg Traction...... 50East Hartford do Glastonbury Street RR.—See Connecticut Co 74
East Jersey St Ry.—See Public Service By.... 72East Liverpool Trac. dc Light Co 43East Middlesex Street By 14East Newark Gas Light 72East Reading Elec. Ry.—See Reading Tract 90East St. Louis & Suburban Co. (with map) _ _ 43East Side Elec.(Kan.City).—See K. C. Ry..301.4. 57East Side Traction Co.—See Syracuse R. T..._101Easton Con. Elec 43Easton Palmer & Bethlehem Elec. Ry.—SeeEaston Consolidated Electric 43
Easton & South Beth Trans. Co.—See EastonConsol. Elec. Co 43
Easton 63 Wash. Trac.—See Penn.-N. J. Rys.. 43Eau Claire Light de Power Co.—See Chipp.
Val. By. Lt. & Power 45Edison Electric of New Orleans—See N. 0.Railway & Light Co 77
Edison Elect. Ill. Co. of Lebanon, Pa.—SeeUnited Power & Transportation 89
Edison Electric Ilium. Co.—See LancasterCounty By. & Light 60
Edwards Hotel & City RR. Co 55Eighth Ave. RR.—See Metropol. St. By. Sys.. 80Electric City Ry.—See Internat. Trac. Co 19Electric Traction (Phila. Pa.)—See Un. Trac 89Elgin Aurora & Southern Traction—See Au-rora Elgin & Chicago 22
Elizabeth Plainfield & Central Jersey—SeePublic Service By 72
Elizabeth & Raritan River Street Ry.—SeePublic Service By 72
Elizabeth & Trenton RR 88Elizabethtown & Florin Street By 60Elmira 63 Seneca Lake—See Elmira Water
Light & RR 45Elmira Water Light 83 RR 45El Paso Electric Co 45Elwood Elect.—See Union Tract. of Ind 6
Pape.Elyria Grafton & Southern—See ClevelandSouth Western & Columbus By 30
Elyria & Oberlin—See Ciev. S. W. & Col. 30Empire Pass. Ry.—See Union Trac. System_ 89Enfield & Longmeadow Elec. Ry.—See Hart-ford & Springfield 113
Ephrata do Adamstown Ry.—See LancasterCo. By. do Lt. Co 60
Erie Electric Motor Co.—See Buffalo & LakeErie Traction Co 19
Erie Rapid Transit Co.—See Buffalo do LakeErie Traction Co 19
Erie Traction Co 45Erie & Union RR 120Escambia Co. Lt. & P. Co.—See Pensacola
Electric Co 86Essex Elect. St. Ry.—See Boston & Northern.. 14Essex & Hudson Gas Co 72Evanston (Ill.) Elec. Ry.—See Chic.Con.Trac. 26Evansville & East. Elec. Ry.—See Ev. Rys.Co. 45Evansville Electric BB.—See Evansville 60So. Ind Traction 45
Fairmount Park & Haddington Pas Ry.—See Hestonville Mantua & Fairmount 89
Fairmount Park Transportation Co 88Fargo & Moorehead Street Ry. Co 46Farmington Street Ry.—See Conn. Co 74Federal Light & Traction Co 81Federal Street & Pleasant Valley Ry.—See
United Traction System. Pittsburgh 93Felicity & Bethel RR 28Ferries & Cliff House Ry.—See United RR. ofSan Francisco 107
Findlay Street Ry.—See Toledo Bowling Green& Southern Traction 115
Fishkill Electric Ry 46Fitchburg & Leominster Street By 46Fitzgerald & Ocilla Electric By 120Flushing de College Point Elec. Ry.—See N.Y.& Queens Co 62
Fond du Las 83 Oshkosh Elec. Ry.—See East-ern Wisconsin By. & Light Co 46
Fond du Lac St. By. & Light.—See EasternWisconsin By. & Light Co 46
Forest City Street Ity.—See Cleveland By.. 28Fort Dodge Des Moines & Southern RR.—See"Railroad and Industrial" Section.
Fort Pitt Traction—See Consol. Trac. (Pitts.) _ 94Fort Scott Gas & Electric Co 46Fort Smith Light & Traction Co 46Ft. Wayne Bluffton & Marion Traction Co.__ 47Fort Wayne & Springfield By. Co 47Fort Wayne Traction Co.—See Ft. WayneWabash Valley Traction Co 46
Fort Wayne Van Wert do Lima Trac. Co 34Fort Wayne & Wabash Valley Trac. Co 4()Forty-second Street & Grand Street FerryBB.—See Metropolitan St. By. System 80
Forty-second St. Manhatv. & St.Nicholas Ave.Ry.—See Third Avenue System 81
Fox River Elec. By. do Power.—See Green BayTraction Co 49
Framingham Southboro & Marlboro StreetRy.—See Boston eo Worcester Str. Ry 15
Framingham Union Street Ry.—See Boston &Worcester Street By 15
Frankford & Southwark Passenger Ry.--SeeUnion Traction System 89
Frankford Tacony & Holmesburg Ry 91Frederick dc Middletown RR.—See Fred-
erick RR 47Frederick RR 47Freeport Railway & Light Co 47Freeport By., Light & Power Co.—See Free-
port By. do Light Co 47Fresno City Ry.—See Fresno Traction Co 47Fresno Traction Co 47Fresno Gas & Electric Light Co.—See PacificGas & Electric Corporation 103
Fulton Elevated—See Brooklyn Rap. Tran 15Fulton Street RR.—See Met. St. Ry. System.. 80
nalnesvIlle Railway & Power 47"-Painesville WhItesboro & Sherman By 120Galesburg Electric Motor & Power—See
Galesburg By. & Light Co 84Galesburg Gas & El. Co.—See Gales. By. 63Light Co 84
Galesburg & Kewanee Electric Ry 57Galesburg By. & Light Co 84Galveston Electric Co 48Galveston-Houston Elm Co 48Galveston-Houston Elec. By 48Gardner Westminster & Fitch. St. By 48Gary & Interurban By 48Gas 83 Electric Co. of Bergen County 72Gas Light Co. of Col Ga.—See Col. El. Co..... 32Gas Light Co. of New Brunswick—See NewBrunswick Light, Heat & Power 72
Geary Street Park & Ocean RR 105Geneva & Auburn 48Geneva Waterloo S. F. & Cayuga Lake Trac-tion.—See Geneva & Auburn 48
Georgia Elec. Light Co.—See Ga. By. .S3 El_ 7Georgia By. & Electric Co 7Germantown Pass. Ry.—See Union Trac. Sys_ 89Gettysburg Transit Co 120Girard Coal Belt Elec.—See Joplin do Pitts.Ry_ 91Glen's Falls Sandy Hill & Ft. Edward StreetRR.—See Hudson Valley Ry 5
Globe Street Ry.—See Old Colony Street By.. 15Gloucester Essex & Beverly—See Bos & No.. 14Gloucester & Rockport—See Boston & Nor 14
Page.Gloucester St. Ry.—See Boston & Northern__ 14Goff's Falls Litch. & Hud.—See Man. Trite.Lt & Power 67
Grand Rapids Gd. Haven & Muskegon By.... 49Grand Rapids Holland & Chic, By 49Grand Rapids Holland & Lake Michigan Ry.—See Gr. Rapids Holland & Chicago By.... 49
Grand Rapids-Muskegon Power Co 49Grand Rapids By 49Grand St. do Newtown—See Bkin. Rap. Tran_ 15Grays Harbor By. & Light Co.—See FederalLight & Traction Co 81
Great Falls & Old Dominion RR. Co 116Greely & Northern Railway & Utility Co 120Green Bay Gas do Elect. Co.—See Green BayTraction 49
Green Bay Traction Co 49Greene & Coates Sts. Philadelphia PassengerRy.—See Union Traction System 89
Greenfield Deerfield & Northampton St. By.—Conn. Valley St. By 83
Greenfield & Turner's Falls St. Ry.—SeeConn. Valley St. By 83
Greenp. & Lorimer St.—See Bkin. Rap. Tran_ 15Greensburg & So. Ry.—See West Penn Rys.Co. 94Greensboro Electric Co.—See North Car. Pub-
lic Service Co 49Greenville Anderson & Spartanburg—See An-derson Traction 7
Greenville (S. C.) Traction Co 49Greenwich & Schuylersy'lle Elec. RR.—SeeHudson Valley By 5
Greenwich Tramway Co.—See Conn. Co 74Groton de Stonington St. By 50Gulfport & Mississippi Coast Traction Co 50Guthrie St. Ry.—See Oklahoma By 84
Hagerstown & Boonsboro Ry.—See Hagers-"" town By 50Hagerstown & MyersvilleRy.—See Hagers.Ry 50Hagerstown & Northern Ry.—See }lagers. By.. 50Hagerstown By 50Halifax Electric Tram 118Hamburg Ry. Co.—See Buff. & L. Erie Trac 19Hamilton & Lindenwald El. Trans.—See Ctn.Dayton & Toledo Traction 34
Hammond Chicago Heights & Southern 120Hammond Whiting & East Chic. Ry.—SeeChic. City & Connect. Rys 24
Hampshire & Worcester Street Ry.—SeeWare 83 Brookfield St. By 117
Harrisburg City Pass.—See Harrisburg Trao 50Harrisburg do Mechanicsburg Electric Ry.—See Valley Traction Co 50
Harrisburg Traction 50Hartford Manchester & Rockville Tramway—See Connecticut Co 74
Hartford & Springfield St. Ry 113Hartford Street Ry.—Sec Connecticut Co......_ 74Hartford Turnpike—See United Rys. & Elec._ 8Hattiesburg Traction Co 50Havana Electric By. (Cuba) 118Haverhill & Amesbury Street By 51Haverhill & Andover (see Bost. & Northern)._ 14Haverhill Georgetown 63 Danvers—SeeBoston & Northern 14
Helena Light & Railway Co 51Henderson Traction Co 51Herkimer Mohawk Ilion & Frank. Elec. By..—See Utica & Mohawk Valley By 99Hestonville Mantua & Fairmount Pass. Ry 89Hingham St. Ry.—See Old Colony St. Ry 15Holyoke Street By 51Honolulu Rapid Transit & Land Co 118}Loose.° Valley St. Ry.—See Connecticut Co.._ 71Hot Springs Street RR 51Houghton County Street fly. (MI.:3113—Se°Houghton County Traction Co 51
Houghton County Traction Co 51Houston Electric Co 48Houston W. St. de. Pay. Ferry—See Metro-
politan Street By 78Hudson County Gas Co 72Hudson 60 L. I. Trac.—See South Shore Trao_ 85Hudson River & Eastern Traction Co _ 84Hudson River Traction Co.—See N. J. & Hud-son River By. 63 Ferry Co 73
Hudson Valley Ry.—See United Traction Co_ 5Humboldt Transit Co 45Hunt. & Chari.RR—See Ohio Val. Eleo.R .Co. 53Huntington RR.—See L. I. Cons. Elec. Cos.. 63Huron & Ontario By 120Hutchinson Interurban By 120Hyde Park Elec. Light (Mass. Elec. Cos.) 14
IillnolsCentral Traction Co.—See ill.Trac. Co 36Illinois Light & Tr. Co.—See III. Val. G. & E-111Illinois Traction Co 35Illinois Valley Gas & Electric 111Illinois Valley By. Co.—See Chicago Ottawa
de Peoria 85Illinois Western By. Co 38Indiana Columbus 63 Eastern Traction Co__ _ _ 33Indiana Northern Traction Co.—See Ind.Union Traction 6
Indiana Ry.—See Chicago South Bend &Northern Indiana By 109
Indiana Union Traction Co 6Indianapolis 63 Cincinnati Traction Co 54Indianapolis Coal Trao. Co.—See Terre Haute
Ind. dc East 53Indianapolis Columbus & South. Trao. Co 53Indianapolis Crawfordsville & West. Trao. Co_ 54Indianapolis & Eastern By. Co.—See Terre
Haute Ind. & East 53Indianapolis & Greenfield Rapid Transit—See
Indianapolis & Eastern By 53Indianapolis Huntington Columbia City dc
Northwestern Electric By 120Indianapolis & Louisville Traction Co 66Indianapolis & Martinsville Rapid Transit Co_ 54Indianapolis Newcastle & Toledo El. By 54Indianapolis Northern Traction Co.—See
Union Traction Co 6Indianapolis & Northwestern Traction Co. 54Ind. Shelbyy'lle & Southeastern Traction Co.—See Ind. 60 Southeast. Traction Co 54
Indianapolis & Southeastern Traction Co......54Indianapolis Street By 53Indianapolis Traction .33 Terminal Co.__. 53Indianapolis & Western Traction Co.—See
Terre Haute Ind. & East. Traction 53Indian 'Per. Trac. Co.—See Choctaw By. & Lt_ 87Inter-Mountain Ry 120International Ry.—See Inter. Traction Co 19International Traction Co. (Buffalo) 19Inter-State Consolidated Street By 83Inter-State Railway, Missouri 120Inter-State Railways Co 89Inter-Urban By. (Des Moines) 40Interurban By. & Terminal Co ._ 28Interurban Street fly.—See N. Y City St.Ry.. 78Iowa City Ottumway & S. E. Electric 120Iowa de Illinois RT. Co 38Iowa-Missouri Trac. & Power Co 120Ithaca-Owego Tract. Co 120Ithaca Street By 55
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Jackson & Battle Creek Traction Co.—SectMichigan United Rys 55
Jackson (Miss.) Elec. Ity., Light & Power Co.—See Edwards Hotel ec City RR 55
Jackson (Tenn.) By. & Light Co 55Jacksonville (Fla.) Electric Co 55Jacksonville Ry.—See Jackson. By. & L. Co_ 36Jacksonville Gas, Light 60 Coke Co.—See
Jacksonville By. 63 Light Co 36Jacksonville Ry. & Lt. Co.—Sec Ill. Trac. Co 36Jamestown Chautauqua & Lake Erie—See
Buffalo & Lake Erie Traction 19Jamestown Street fly.. 55Janesville (Wis ) Street Ry 120Jefferson & Braddock Heights RR.—See Fred-
erick RR 47Jersey Central Traction Co 57Jersey City & Bergen IIR.—See Cons. Trac. Co. 73Jersey City Harrison 63 Kearney By. Co.—
See Consolid ated. Traction of New Jersey _ 73Jersey City Hob. & Pat.—See Pub. Serv. Ry 72Johnstown Pass. Ry.—See Johnstown Trac 87Johnstown Traction Co 87Joliet Plainfield & Aurora RR.—See Joliet &
Southern 55Joliet RR.—See Chicago & Joliet Electric Ry.. 87Joliet & Southern—See Chic. Jot. & St. L. Elec. 55Jolpin & Pittsburgh By. Co 91
Kanawha Valley Traction Co 53ansas City Cable.—See K. C. By. & Light__ 57
Kansas City Electric Light Co.—See KansasCity Railway & Light Co 57
Kansas City Elev. Ry —See K C. By. & Lt 57Kansas City-Leavenworth RR —See KansasCity-Western By 57
Kansas City-Olathe Electric RR 120Kansas City Railway & Light Co. (with map). 57Kansas City Western By 57Kenosha Electric fly 57Kentucky Ry. Traction 120Keokuk Electric Ry. & Power (Iowa) 57Key West Electric Co 59Kingsbridge R11.—See Union Ry 81Kings Co. Elevated—See Bklyn. Union Elev 18Kings Co. Traction—See Nassau Electric_ _ _ _ 18Kingston City RR.—See Kingston Cons. By.. 59Kingston Consolidated RR 59Kittanning & Leechburg Rys. Co 59Knoxville fly. & Light Co 59Knoxy'lle Traction—See Knox. Ry.63Lt. Co_ 59Kokomo Marion & Western Traction Co 59Kokomo fly. & Light Co.—See Kokomo
Marion do Western Traction Co 59Kutztown & Fleetwood Street Ry.—SeeAllentown & Reading 6
Lackawanna Vail. Trac.—See Scranton Ry 87ackawanna 60 Wyoming Vail. Rap. Tr. Co _108Laconia Street fly 50Lacrosse City By 59Lafayette & Logansport Traction 47Lafayette Street Ry.—See Ft. Wayne &Wabash Valley Traction Co 46
Lake Charles Railway & Light 59Lake Erie Bowling Green & Napoleon Ry 15Lake Erie Trac. Co.—See Buff. & L. Erie Trac. 19Lake Erie & Youngstown 120Lake Roland Elevated—See United Rys. &
Electric Co. of Baltimore 8Lake Shore Electric (Cleveland) (with map)_ 30Lakeside Ry., Mahanoy City, Pa.—See
Schuylkill Traction 48Lake Street Elevated RR.—See Chicago &Oak Park Elevated Ry 26
Lake View L. & Impt. Co.—See Canton-AkronCons. By 5
Lancaster City RR.—See Lan. Co. By. & Lt.Co 60Lancas. &Col.—See Lane. Co. By. & Lt. Co__ 60Lancaster County Ry. & Light Co 60Lancaster & Eastern By 60Lancaster Gas Light & Fuel Co.—See Lan-
caster County Ry. & Light Co 60Lancaster Mechanicsburg & New Holland__ 60Lancaster Petersburgh & Manheim 60Lancaster & Quarryville Street By 60Lancaster & Rocky Springs By 60Lancaster Willow St. Lam. ec Stras. fly 60Lancaster & York Furnace Street Ry 60Lansdale do Norristown Electric Ry.—SeeMontgomery (Pa.) Traction Co 60
Lansing & Jackson By. Co.—See MichiganUnited Rys 55
La Porte & Mich. City Ry.—See Nor. Ind. Ry_109Las Vegas Railway & Power Co 120Lawrence Gas Co.—See Mahoning 63ShenangoRy. 63 Light Co 117
Lawrence & Reading—See Mass. Elec. Cos__ _ 14Lebanon Valley Street Ry.—See Reading
Transit Co 90Lehigh Traction 51Lehigh Val. Trac.—See Lehigh Val. Tran. Co_ 6Lehigh Valley Transit Co 6Leominster & Clinton St. Ry.—See WorcesterCons. St. Ry 77
Leominster Shirley 63 Ayer St. Ry.—SeeFitchburg & Leominster Street Ry 46
London & Lake Erie fly. & Transportation 118London (Canada) Street Fly usLong Island Consol. Electrical Cos 62Long Island Electric By 82Long Island Trac.—See Brooklyn Rap. Tr 17Lookout Mountain RV 22Lorain&Cleveland RR.—See Lake Shore Elec . 30Lorain St. RR.—See Lake Shore Elec. By 32
Page.Los Angeles Interurban By. (with map) 82Los Angeles By 62Los Angeles Pacific Co 66Los Angeles & Pasadena Elec. Ry.—See Pa-
cific Electric Ry 62Los Angeles 63 Redondo Fly 66Los Angeles Trac.—See Los Ang. Interurb. By. 82Louisville City Ry.—See Louisv. Tract. Co.._ 66Louisville & Eastern RR 66Louisville Frankfort & Eastern Traction Co.—See Louisville & Eastern RR. 66
Louisville ec Interurban Ry.—See Louis-ville Traction Co 66
Louisville & Nor. Ry. & Ltg. Co 66Louisville Ry.—See Louisville Traction Co.. _ 66Louisville & Southern Indiana Ry.—See
United Gas 60 Electric Co 87Louisville Traction Co 66Lowell & Fitchburg Street fly 67Lowell & Sub. St.—See Low. Law. dc Haverh_ 14Lowell Lawrence ec Haver.—See Boa. & No.Ry 14Low Fare Ry.—See Cleveland Ry 28Lynchburg Trac. & Light.—See Amer. Rys 87Lynn & Boston RR.—See Dos. 63 No. St. By. 19
uacon Electric Light & Ry.—See MaconRy. & Light Co 87
Macon Railway & Light Co 67Madison County Light & Power Co.—See Illi-nois Traction Co 38
Madison & Interurban Trac. Co.—See South.Wisconsin By. Co 67
Mahoning & Shenango By. & Light Co 117Motioning Val. S. E.—See Mah. & Sh. Ry.& Lt.117Manchester & Derry St. Ry.—See Man. Trac.Light & Power 67
Manchester Street Ry.—See Manchester Tract.Light & Power 67
Manchester Traction Light & Power Co 67Manhattan Bridge (N. Y.) 3-Cent Fare Line_ ..120Manhattan Elevated Ry.—See "Railway &Industrial" Section.
Manistee Light 66 Traction 67Mankato Electric Traction Co 120Mansfield Railway Light & Power Co 30Marion Bluffton 60 Eastern Traction Co 10Marion City Ry.—See Un. Tr. of Ind 6Marlon Railway Light & Power Co 34Marion & Suburban Ry. Co 34Marion & Western By. Lt. 60 Pow. Co 34Market St. El. Pass. Ry.—See Phila. Rap. Tr. 88Market St. Ry.—See United RR. of San Fran_107Marlboro & Westboro Street Ry 77Marquette County Gas & Electric Co 55Marshalltown (Iowa) Light Power & By 68Maryland Electric Rys 9Mason City 4c Clear Lake By 68Massachusetts Electric Companies (with map). 14Matamoros & Santa Cruz Street RV 120Mattoon City By. Co.—See Cent. III. P. S. Co.. 68Maumee Valley Railways & Light Co 113McGavock & Mt. Vernon Horse RR.—See
Nashville By. & Light Co 70Meadville & Cambridge Springs Street Ry_ 68Meadville & Conneaut Lake Traction 120Media Glen Riddle 63 Rockdale—See UnitedPower & Transportation 89
Memphis Street fly 68Menominee & Marinette Light & Traction_ 120Mercer Co. Traction—See Trenton St. Ry__ _ 90Merchants' Electric Light Co.—See New &-leans Railway Co 77
Meriden Horse RR.—See Conn. Co 74Meriden Southington & Compounce Tram.—See Connecticut Co 74
Meridian Light & Ry. Co 68Merrimac Valley Elec. Co 82Merrimack Val. St. fly.—Sec Lowell Law-rence & Haverhill St. fly 14
Met. Crosstown RR.—See Met. St. Ry 78Metropolitan Elec.—See United Tr. of Reading 90Metropolitan RR.—(Washington, D. C.) 116Metropolitan Securities Co 78Metropolitan St. RR.—See Den. City Tram 40Metropolitan St. Ry.—See Kansas City By.
Light Co 57Metropolitan St. By. (N. Y.) 78Metropolitan West Side Elev. By. (Chicago) 27Mexican Tramways Co 120Mexico Santa Fe & Perry Traction 120Meyersdale & Salisbury Street Ry _ 120Miamisburg de Germantown—See Cin. Day-ton & Toledo 34
Miami Vail. Ry.—See Dayton& Troy Elec.Ry. 38Michigan City Traction Co.—See Chicago Sou.Bend & Northern Indiana 109
Michigan Light Co 49Michigan Traction—See Mich. United Rys 55Michigan Trac. Exten. Co.—See Mich. Un.Rys. 55Michigan United Rys. Co. (with map) 55Middleb. Wareham 63 Buzzard's Bay St. Ry.—See New Bedford ec Onset St. Ry. 74
Middlesex & Boston Street fly 12Middlesex Elec. Light 63 Power Co 71Middlesex & Somerset Traction—See Public
Service By 72Middleton & Danvers—See Bost. 60 Nor 14Middletown H. & S.—See Harrisb. Traction 50Middletown (Conn.) St. Ry. —See Conn. Co 74Milford Holliston & Framingham St.See Milford ec Uxbridge Street fly 68
Milford & Uxbridge Street Ry 68Millvale Etna 60 Sharpsburg Street Ry.—See
Allegheny Traction 94Millvil e Traction 69Milwaukee Electric Ry. & Light 69Milwaukee Light Heat & Traction 69Milwaukee Northern Ry 69Milwaukee St. fly—See Milw. Elec. Ry. & Lt_ 69Mineral Wells Electric Co 120Minneapolis & St. P. Sub.—See Twin C.R.T 69Minneapolis St. Ry.—See Twin City Rap. Tr_ 69Missouri & Kansas interurban Ry 57Missouri Electric RR 102Missouri Water, Light & Traction Co 120Mobile Light & RR 70Mobile St. RR —See Mobile Light 63 RR 70Monmouth County 1-:leetric 62Monongahela Street Railway 94Monterey Fresno & East 120Monterey & Pac. Gr. St. Ry. & El. Power _120Monterey Railway. Light & Power 120Montgomery Co. Pass. Ry.—See Schuyl. V. Tr. 90Montgomery Rapid Transit 120Montgomery (Pa.) Traction Co 80Montgomery St Ry.—See Mont. (Ala.) Trac.Co 70Montgomery (Ala..) Traction Co 70Montreal (Can.) Street Ry 118Montville St. Ry.—See Conn. Co 74Montoursville Pass. By 70Morningside El. St. fly.—Sec Pitts. Rya. Co.. 94Morris County Traction Co 70Morristown Gas Light Co 72
• • Page.Moundsville Benwood & Wheeling Ry—See
Wheeling Traction 117Kit. Oliver Incline Plane Ry.—See P. & B.Traction system 93
Mt. Vernon (0.) Ry. dc Lt. Co 120Mt. Washington Street Ry.—See Pitts Rwys. 93Mousam River RR.—See All. Shore Line Ry_103Muncie Hartford & Ft. Wayne Trac. Co.—SeeIndiana Union Traction 6
Muncie de Portland Traction Co 95Muncie & Union City Trac. Co.—See Ind.Union Trac Co 6
Municipal Traction Co.—See Cleveland Ry 28Muscatine Lt. & Trac. Co.—See Unit.Lt.FcRys. 49Muskegon Traction de Lighting Co 70Muskogee Electric Traction 70Myersv. & Catoctin Ry.—See Fred. RR 47Mystic Val. St. Ry.—See Boa. & No. St. Ry. 14
&Tashua Street Ry.—See Bos. & Nor. St. Ry. 141 lashville do Edgefield RR.—See Nashv. By.
& Light Co 70Nashville Ry. & Light Co 70Nashville Street Ry.—See Nashv. Ry. & Lt. Co.70Nassau Electric RR 18Natchez Electric St. By. & Power Co.—SeeSouthern By. 6c Light 71
Natick & Cochituate Street Ry.—See Middle-sex & Boston Street Ry 12
Naumkeag St. Ry.—See Bost. 60 Nor 14Nebraska Traction & Power Co 84Netherlands Tramway Corporation 119Nevada (Mo.) Water, Light & Traction _ 120Neversink Mountain Ry.—See United Trac.
90(Reading) New Albany St. RR.—See Un. Gas & Elect 87Newark Cons. Gas Co 72Newark Pass. Ry.—See Consol. Trac. Co 73Newark Plank Road.—See Consol. Trac. of N.J. 73NeviwcaerkRecy.South Orange Ry.—See Public Ser- 72
New Bedford & Onset Street Ry 74New Bedford Middieb. & Brockton—See OldColony St. Ry 14
New Brunswick Lt. Heat & Power Co 12Newburg Elec. Ry.—See Orange Co. Trac_ _ _ _ 82Newburg & Orange Lake RR.—See OrangeCounty Traction 82
New Castle Electric Co.—See Mali. 63 ShenRy. & Light Co 117New Castle Traction—See Mah. & Shen. Ry ,& Light Co 117New England Inv. ec Security Co 75New Hampshire Electric Railways 50
New Haven & Centr. St. Ry.—See Conn. Co 74New Haven Street Ry.—See Conn. Co 74New Holland Blue Ball & Terre Hill St. fly_ 60New Jersey & Hudson River By. & Ferry—See Public Service Ry 73
New Jersey & Pennsylvania Traction 115New Jersey Short Line RR.—See Eliz. & Tren- 88
NetrJeRrsRey Traction—See Con. Trac. Sys_ _ 73*New London & East Lyme St. fly 77New London Street Ry.—See Conn. Co 74New Orleans ec Carrollton RR. Light & PowerCo.—See New Orleans Ry 77
New Orleans City RR.—See New Or. Ry._ 77New On City & Lake RR.—See N. 0. Ry 77New Orleans Gas Light Co.—See New OrleansRailway de Light New Orleans & Pont. RR.—See New Orleans 77Railway & Light 77New Orleans Ry. & Light Co. (with Map) 77New Orleans Traction Co.—See New OrleansRailway & Light 7Newport & Dayton Street Ry.—See CincinnatiNewport & Covington 3
Newport Illum.—See Newport & Fall River 15Newport St. fly.—See Newport & Fall River_ 1Newport & Fall River Street Ry.—See OldColony Street Ry 15
Newport News & Old Point Ry. & Electric_ 50Newport & Providence Street Ry 82Newton & Boa. St. Ry.—See Middlesex & Bos_ 12Newton St. Ry.—See Middlesex & Bog. St. Ry. 12Newtonville & Watertown St. Ry.—See Mid-
dlesex & Boston 14Newtown Ry.—See N. Y. & Queens Co. By... 62New Williamsburg & Flatbusb RR.—SeBrooklyn Rapid Transit 17New York Auburn ec Lansing RR 120New York City Interborough By. Co 81
—See Met. St. Ry. Sys 8078NN e. wy YeGo r Ilk aCrilteyniRRyR .
N. Y. & Long Island Traction 62N. Y. & North Shore Ry.—See Long Island
Electric Ry 62N. Y & North Shore Traction (Roslyn) 101New York & Port Chester Ry.—See New York
Westchester & Boston 81New York & Queens County RY.. L. I. City 62New York State Railways (with map) 99New York & Stamford Ry.—See Conn. Co 74New York Westchester & Boston Ry 81Niagara Falls 60 Lewiston—See Nlag. Gorge 82Niagara Falls Pk. do River—See Int. Trac___ 19Niagara Falls & Suspension Bridge Ry.—See
International Traction 19Niagara Falls Whirlpool & Northern Ry.—International Traction 19Niagara Gorge By. (Electric) 82Niagara St. Catherines & Toronto Fly 119Nichols Electric Light & Power 71Ninth Avenue RR.—See Met. St. Ry. Sys_ 80Norfolk & Atlantic Term.—See Nor. & Ports.Traction 83Norfolk & Bristol Street fly 110
Norfolk Cen. St. Ry.—See Old Colony St. Ry. 14Norfolk City RR.—See Nor. Ry. & Lgt. Co__ 82
•Norfolk &Portsmouth Trac. Co 82Norfolk Portsmouth & Newport News Co.—See Norfolk & Portsmouth Traction Co 82
Norfolk (Va.) By. & Light—See Norf. & Ports-
See Norf. Ry. & Lt.Co 8282N,omierrfonouilkkthssrirbea.ecattiRRoRn Co
.—See Old Col. Street Ry 14Norristown Pass. Ry.—See Schuylkill ValleyTract on 90orthampton Street Rs, Northampton 44 Amherst St. Ry.—See Con-necticut Valley St. Ry....... Northampton Traction Co. (Easton, Pa.)—See 88Pennsylvania-New Jersey Rys No. Augusta Electric & imnro, ement Co
43North Carolina Public Service Co
849North Chic. Elec. Ry.—See Chic. Cons. Traci__ 26North Detroit Elec.—See Detroit United Ry 40North End Street Ry.—See Worcester Cons'd 77
North Hudson County Ry.—See Public Ser.Ry 72North Jersey St. Ry.—See Public Service Ry. 72North River Ry.—See Hudson Valley Ry 5North Side El. St. Ry.—See Chic. Cons. Trac_ 26Northern Cambria Street Ry • 85Northern Electric Co —See Nor. Elec. Ry_ ....107
107Northern Electric By
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124 INDEX TO RAILWAYS. Lxxxxi.
Page.Northern Illinois Light & Traction Co 85Northern Indiana Ry.—See Chicago SouthBend & Northern Indiana RY 109
Northern Texas Electric Co 47Northern Texas Traction (Fort Worth) 47Northern Ohio Traction & tight Co 5Northern Ohio Traction.—See Northern OhioTraction & Light Co 5
Northwestern Elevated (Chicago) 27Northwestern Ohio RR_ 120Norwalk Gas & Electric Co —See Cleveland &Southwestern & Columbus 30
Norwich Street Ry.—See Conn. Co 74Norwich Fc Westerly Street By 83
Oakland Gas Light & Heat Co.—See Cali-fornia Gas & Electric Corporation 103
Oakland San Leandro & Haywards Electric.—See Oakland Traction Co 83
Oakland Traction Co 83Oakland Traction Consolidated—See OaklandTraction Co 83
Oakwood Street By. Co 38Ocean Electric By • 62Odessa & Middletown RY 120Ogden Rapid Transit 120Ogden Street Ry.—See Chicago Consol. Trac_ 26Ohio Central Traction—See Cleveland South
western do Columbus By 30Ohio Electric Railway 33Ohio River Electric Railway & Power 95Ohio & Southern Traction Co 120Ohio Traction Co 28Ohio Valley Electric By 53Oklahoma City Railway Co.—See Okla. Ry.Co. 84Oklahoma Railway Co 84Old Colony Street Ry. (with map) 14Old Dominion Ry.—See Norf. Portsm. Tract. 82Olean Rock City & Bradford Ry.—See West-ern New York & Pennsylvania Traction_ _ _ - 84
Olean St. Ry.—See West. N. Y. So Penn. Trac, 84Oley Valley Ry.—See United Traction Co 90Omaha & Council Bluffs By. & Bridge 84Omaha & Council Bluffs Street By 84Omaha Council Bluffs & Suburban Ry.—SeeOmaha & Council Bluffs By. & Bridge Co 84
Omaha Lincoln do Beatrice Railway Co 61Omnibus Cable Ry.—See United RRs. of S. F_107Oneida Railway Co 101Oneonta & Mohawk Val. RR.—See Otsego &Herkimer 84
Ontario Lt. & Trac.—See N. Y. State Rys 99Ontario & San Antonio Heights—See Pac. I.t.& Pow. Corp. of Los Angeles 62
Orange County Traction Co 82Orange & Passaic Valley By 73Oregon Electric By 97Oregon Water Power & By. Co.—See PortlandBy. Light & Power Co 97
Orleans RR.—See New Orleans By 77tsego & Herkimer 84
Oswego Trac. Co.—See Syr. Lake Shore•& Nor.111, Ottawa (Canada) Electric Ry 119
Ottawa By. L. & P.—See No.III.Lt.do Tr. Co 85Ottumwa Railway & Light Co 85Ottumwa Traction & Light Co.—See OttumwaRailway & Light Co 85
Owensboro City RR 85
P Coast Power 108A acific Electric By. (with map) 62
Page.Pacific Gas F0 Electric Co. (with map) 103Pacific Light & Power Co 62Pacific Power & Light Co 97Pacific Traction Co 109Paducah City By. Co.—See Paducah Traction& Light Co 85
Paducah Street Ry.—See Paducah Traction &Light Co 85
Paducah Traction & Light Co 85Palmer & Monson.—See Springfield & Eastern 75Pan Handle Trac. Co.—See Wheeling Traction.117Parkersburg Marietta & Interurban By 85Park & Cliff House.—See United Railroads ofSan Francisco 107
Park & Ocean RR.—See United Railroads ofSan Francisco 107
Parkside Elec Ry.—See San Fran. Elec. Rys_107Pasadena Rapid Transit 120Pascagoula Street By. dc Power Co 108Passaic & Newark El. Tr.—See Cons. Trac. Co 73Passenger & Belt Ry.—See Lexington By. Co. 61Paterson City Ity.—See Public Service Ry_ _ _ _ 72Paterson & Passaic Gas & Electric Co 72Paterson Ry.—See Public Service Ry 72Pawcatuck Valley Street By 83Pawtucket St. By. --&e United Trac. & Elec_ 77Peekskill Lighting & RR 86Peninsular Railway 107Pennsylvania-New Jersey By. (Easton, Pa.) _ _ 43Pennsylvania Motor—See Easton Consolidated
Elec 43Pennsylvania & Ohio By 7Pennsylvania & Mahoning Valley Trac. Co.—See Mahoning & Shenango By & Light On. ..117
Pennsylvania & Maryland St. By 120Penn Street Passenger Ry. (Pittsburgh) —See
Citizens' Traction 94Pensacola Electric Co 86Pensacola Electric Terminal Ry.—See Pensa-
cola Elec. Co. 86People's Elevating Co.—See Pub. Serv. Ry_ 73People's Gas & Electric Co. (Burlington) _ _ 21People's Passenger Ry.—See Union TractionSystem 89
People's RR.—See Syracuse Rapid Transit_ 101People's By. (Dayton, 0.)—See Amer. Rye_ 87People's Street Ry.—See Scranton Ry 87People's St. Ry. (West Newbury. Mass.)—SeeLowell Lawrence & Haverhill 14
People's Traction Co. (Galesburg) 47People's Trac. (Phila., Pa.).—See Union Trac. 89People's Tramway Co.—See Conn. Co 74Peoria Bloomington & Champaign Traction Co.—See Illinois Traction Co 36
Peoria Light Co.—See Union By. Gas & EI.Co.110Peciria Lincoln & Springfield By 36Peoria Railway Co 36Peoria Ry. Term. Co.—See "Ry. & Ind." Sec.Perry Street Passenger Ry.—See Federal
Street & Pleasant Valley By 93Petaluma & Santa Rosa RR 86Philadelphia Bristol & Trenton Passenger By.—See Trenton Bristol Fc Philadelphia St.Ry. 91
Philadelphia & Chester Ry - 91Philadelphia City Pass. Ry.—See Union
Traction System 89Phila. Coatesville & Lana. Pass. Ry.—SeeSusq. Ry. Light & Power 59
Philadelphia Co. (Pittsburgh, Pa.) 92Philadelphia & Darby Ry.—See Union Tr.Sys 89Philadelphia & Easton Electric RR 43
Page.Philadelphia eG Garrettford St. By. Co.—See
Philadelphia & West Chester Tract 88Philadelphia & Gray's Ferry Passenger Ry.—See Union Traction System 89
Philadelphia Fc Lehigh Valley Traction.—SeeLehigh Valley Transit Co 6
Philadelphia Rapid Transit Co 88Philadelphia & Suburban Elevated RR 120Philadelphia Traction.—See Union Traction 89Philadelphia & %Vest Chester Traction 88Philadelphia dc Western By 91Philadelphia & Willow Grove Traction. — See
Philadelphia Rapid Transit 89Phoenix Gas & Electric Co 91Pitcairn & Wilmerding Street Ry.—See Mon-ongahela Street Ry 94
Pittsburgh Allegheny & Manchester Traction.—See United Traction System 93
Pittsburgh & Allegheny Valley Trac Co 95Pittsburgh & Beaver Street By 94Pittsburgh & Birmingham Passenger Ry.—See Pittsburgh & Birmingham Traction_ _ 93
Pittsburgh do Birmingham Traction 93Pittsburgh & Butler Street By 95Pittsburgh Canonsburg do Washington By 93Pittsburgh So Charleroi Street By 93Pittsburgh Crafton & Mansfield Street Ry.—See Pittsburgh Railways Co 92
Pitts. Harmony Butler & New Castle St. Ry 95Pittsburgh Incline Plane.—See Pittsburgh &Birmingham Traction System 93
Pittsburgh & Kansas City—See Joplin &Pittsburgh By 91
Pittsburgh McKeesport ec Connellsville Ry.—See West Penn Rys. Co 94
lin & Pittsburg By 91Pittsburgh Railways Co 92Pittsburg RR. (Kan.)—See Joplin & Pitts-burg Railway 91
Pittsburgh Traction 94Pittsburgh & West End Passenger Ry.—See
Pittsburgh Railways Co 92Pittsburgh Fc Westmoreland Ry.—See Pittsb.
McKeesport Fc Westmoreland 67Pittsfield (Mass.) Electric Street Ry.—See
Connecticut Co 74Pittston & Scranton Street Ry.—See ScrantonBy. Co 87
Pittston Street Car.—See Wilkesbarre & Wyo-ming Valley Traction System 90
Plainfield Gas & Electric Co.—See SomersetUnion do Middlesex Lighting 72
Plainfield St. Ry.—See Public Service Ry__ 72Plattsburgh Traction Co 95Plymouth Bridge Co.—See Wilkesbarre &Wyoming Valley Traction 90
Plymouth & Kingston Street Ry.—See Brock-ton & Plymouth Street By 95
Ponce Electric Co 119Port Huron St. Clair & Marine City Ry.—See
Detroit Sc Port Huron Shore Line 42Port Jervis Traction Co 95Portland & Brunswick Street Ry 95Portland & Cape Eliz. Ry.—See Portland RR. 95Portland City & Oregon Ry.—See Portland
Railway Light & Power Co 97Portland Consolidated Ry.—See PortlandRailway Light & Power Co 97
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We are prepared to design and construct industrial buildings, water powerdevelopments, power stations, railways, electrical transmission lines anddistributing systems, either new work or extensions. Correspondence invited.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT., 1,..)10.] INDEX TO RAILWAYS. 125
Page.Portland General Electric Co.—See Portland
Railway, Light do Power Co 97Portland (Me.) RR 95Portland Ry. Co.—See Port. Ry. L. & P. Co 97Portland Railway, Light & Power Co. (withmap) 97
Portland (Conn.) St. Ry.—See Conn. Co 74Portland & Yarmouth Electric Ry.—See Port-land RR 95
Porto Rico Rys Co., Limited 119Portsmouth Dover & York Street Ry.—See
Atlantic Shore Line Ry 103Portsmouth & Exeter St. Ry.—See New
Hampshire Electric 50Portsmouth Kittery & York Street Ry.—See
Atlantic Shore Line Ry 103Portsmouth (Ohio) Street RR. & Light Co 97Potomac Elec. Power Co.—Sco Wash. fly. & E1116Pottstown & Northern—See United Tract_ 90Pottsville & Reading Ry.—See E. Penn. Rys_ 97Pottsville Union Traction.—See E. Penn. Rys. 97Poughkeepsie City do Wappinger Falls Elec fly 97Powell Street fly—Sec United RRs. of S. F _ _107Power Transit & Light (California) 8Presidio do Ferries RR.. 107Princeton Lt., lit. do Pow. Co.—Sec Pub. Ser-
vice Corporation 71Prospect Park & Coney Island 18Providence & Burrillville Street Ry.—SceRhode Island Co 77
Providence & Danielson Fly 97Providence & Fall River Street Ry 99Providence Securities Co 77Providence & Tann. St. Ry.—See Globe St.Ry. 15Providence Warren & Bristol 120Pueblo & Suburban Traction & Light Co 99Pueblo Traction & Lighting.—See Pueblo &Suburban Traction & Lighting Co 99
Puebla Tramway Lt. & Power Co 120Public Service Corporation (with map) 71Public Service Gas Co 72Public Service Electric Co 71Public Service Investment 15Public Service Ry. (with map) 72Public Works Co.—See Bangor Ry. & Elec.Co. 9Puget Sound Electric Ry 109Puget Sound International Ry. & PowerCo_ _108Puget Sound Power Co.—See Seattle Elec. Co_108Putnam & Westchester Traction Co 86
Qualrertown Traction.—See Leh.Vy.Tran.Co 6uebec Ry. Lt. Heat & Power 120
Queens By. Co.--See New York & Queens Co. 62Quincy (III.) Horse Ry. & Carrying 84
Railroads & Power Development Co 107k`allways Company General 88Railway & Electric of Sedalia.—See Sedalia
Light & Traction Co 109Railway & Lt. Securities (Boston) 120Raleigh St. Ry.—See Carolina Power dc Lt. Co. 99Rapid Railway (Detrolt).—See Detroit &
Port Huron Shore Line 42Rapid Transit St. Ry.—See Consol. Trac. Co 73Reading City Passenger Ry.—See Reading Tr_ 90Reading & Lowell.—See Boston & Northern_ 14Reading & Temple Electric Ry.—See ReadingTraction 90
Reading Traction—See United Traction 90Reading Transit Co 90Reading Wakefield & Lynn—See Bost. & Nor. 14Reading & Wolmensdort—See Reading Trac_ 90_
Page.Rhode Island Co.—See Providence Secur Co.. 77Rhode Island Securities Co.—Sce Providence
Securities Co 77Rhode Island Suburban.—See Providence Se-
curities Co 77Richmond Light & RR. Co 111Richmond (Va.) & Henrico Ry 120Richmond Ry. & Elec.—See Virginia Ry. &Power 99
Richmond Traction—See Va. Ry. & P. Co 99Ridge Avenue Passenger Ry.—See UnionTraction System 89
Ridgewood Gas Co 72,i, Janeiro Tram. Light & Power, Ltd 119
Riverside Traction 88Roanoke Ry. & Electric—See Roan. Tr. & Lt. 87Roanoke Traction & Light—See Amer. Rys. 87Rochester City & Brighton—See N. Y. StateRys 99
Rochester Charlotte & Manitou RR.—SeeRochester & Manitou RR • 101
Rochester-Corning-Elmira Traction Co 120Rochester & Eastern Rapid Ry.—See NewYork State Railways 09
Rochester Elec. Ry.—See N.Y.State Rys 99Rochester & Manitou RR 101Rochester Ry.—See N. Y. State Rys 99Rochester & Sodus Bay Ry.—See N. Y. StateRy 99
Rochester & Suburban Ry 101Rochester Syracuse & East. RR. (with map) _ _111Rockford Beloit & Janesville RR.—See UnionRailway, Gas & Electric Co 110
Rockford & Freeport Electric Ry.—See UnionRailway, Gas do Electric Co • 110
Rockford dc Interurban Ry.—See Union Rail-way. Gas & Electric Co 110
Rock Island Southern Railroad 70Rock Island Southern Railway 70Rockland & Abington Street Railway—SeeOld Colony St. Ry 14
Rockland So. Thomaston & Owl's Head StreetRy. 120
Rockland Thomaston & Camden Street Ry. .101Rockport Street Ry.—See Boston & Northern 14Rockville Broad Brook & East Windsor St.Ry.—See Hartford & Springfield St. fly .113
Rohrerstown Landisville & Mt. Joy RY 60Rome City St. Ry.—See Utica & Mohawk
Valley Ry 99Rome (Ga.) Railway & Light Co 101Roxborough Chestnut Hill & Norristown By.—See Schuylkill Valley Traction 90
Rutland City Elec. Co.—See Rutland Ry. Lt.& Power Co 101
Rutland Ry. Light & Power Co 101Rutland St. Ry.—See Rutland By. Lt. & P.Co 101
Sabine Tram Co 120acramento Electric Gas & Railway—SecCalifornia Gas & Elect. Corporation 103
Saginaw-Bay City Railway 49Saginaw City Gas Co.—See Mich. Light Co_ _ _ 49Saginaw & Flint Ry_..101Saginaw Valley Traction—See Saginaw-Bay
City Railway 49St. Albans Street Ry 101St. Charles & St. Louis County Bridge—See
St. Louis & St. Charles Bridge Co 102St. Charles Street RR.—See New Orl. Rys. Co. 77St. Clair Incline Plane 95
Page.St. Francois County Electric 120St. Joseph Ry., Light, Heat de Power (Mo.) _102St Louis Cable & W. Ry.—See St. L. & Sub_ _102St. Louis Decatur & Champ. Ity.—See Illinois
Traction Co _ 36St. Louis Elec. Bridge.Co.—See III. Trac. Co__ 38St. Louis Elec. Terminal Co 38St. L. do Mer. River RR.—See United Rys. Co.102St. Louis Montesano ,S: Southern 120St. Louis do Northeastern Ry.—See St. Louis
Springfield & Peoria 36St. Louis & St. Charles Bridge Co 102St. Louis St. Charles & Western RR.—See
Missouri Electric RR 102St. Louis do Spring. Ry.—See St. Louis Spring-
field & Peoria 36St. Louis Springfield & Peoria RR.—See Illi-nois Traction Co 36
St. Louis & Suburban Ry.—See United Rys.Co.102St. Louis Transit—See United Rys 102St. Paul City Ry.—See Twin City Rap. Trans_ 69Salem & Eastern Ry.—See Stark Elec. RR_ 6Salem & Wakefield—See Boston & Nor. St.Ry. 14
Salt Lake & Ogden Ry 120Salt Lake Rap. Transit—See Utah Lt. & fly Co.102San Antonio Gas & Electric—See So. Lt dt. Tr 102San Antonio Trac.—See Southern Lt. do Trac 102San Bernardino Interurban By 103San Bernardino Valley Traction Co 103San Diego Electric Ry 103Sandusky Norwalk & Mansfield Electric Ry 83Sandusky Fremont do Southern Ry 32San. Win. & Amber. Ry.—See Det. Un. Rye_ 42Sanford & Cape Porpoise Ry.—See AtlanticShore Line Ry 103San Francisco Electric Rys.—See Railroads &Power Development Co 107
San Francisco Gas & Electric Co 105San Francisco Oakland & San Jose Cons. Ry_105San Francisco do San Mateo Electric—See
United RR. of San Francisco 107San Francisco Vallejo & Napa 120San Jose-Los Gatos Interurban Ry.—See Pen-
insular Ry 107San Jose Railroads 107Sao Paulo Tramway LIgnt & Power Co 119Saratoga Traction—See Hudson Valley By 5Savannah Electric Co 107Savannah Thunderbolt do Isle of Hope Ry.—See Savannah Electric Co 107
Schenectady Ry 101Schuylkill & Dauphin Traction Co 97Schuylkill Electric Ry.—See East. Penn. Rys_ 97Schuylkill Haven do Orwigsburg St. Ry.—See
East. Penn. Rys 97Schuylkill Ry. Co 48Schuylkill Traction (Girardville, Pa.) 48Schuylkill Valley Trac.—See Reading Tran.Co. 90Scioto Valley Traction Co 34Scranton do Carb. Trac.—See Scranton Ry 87Scranton Dunmore & Mo. Tk—See ScrantonRy • 87
Scranton & Pittston Tr.—See Scranton Ry_ _ _ 87Scranton Ry.—See Amer. Rys. Co 87Sea Beach 147.—See Brooklyn R T 17Sea Coast Traction .—See Atlantic Coast Elec_ _ 7Seashore Electric Ry., Asbury Park—See At-
lantic Coast Electric Ry 7Seattle City Ry.—See Seattle Ry 108Seattle Electric Co 108Seattle-Everett Traction Co 108
DODGE & DAYEngineers—Constructors
608 Chestnut St. Philadelphia
Utilities DepartmentInvestigations and Reports made of Electric Railroad, Electric Light and Gas properties and
of projected developments.Entire engineering and construction work in connection with new developments or reorganizations,Methods worked out for obtaining high efficiency of operation.
Industrial DepartmentIndustrial Plants examined and reports made recommending Improvements and introducingmodern shop methods, to effect the greatest economy of manufacture and administration.New Industrial Plants designed, constructed and equipped.
J. G. White & CompanyINCORPORATED
ENGINEERS--CONTRACTORS43-49 Exchange Place, New "York, N. Y.
First Nati4inal Bank Bldg , Chicago, III.
ENGINEERING DEPARTMENTSeparate Mechanical, Electrical, Civil, Irrigation and Hydraulic EngineeringDivisions. Reports made on Public Utilities for Bankers and Inves-tors. Act as Consulting or Supervising Engineers.
MANAGEMENT DEPARTMENT,Electric Railways, Electric Light and Power Plants, Gas Works, WaterWorks, Irrigation Systems, &c.. operated.
Alaska Commercial Bldg an Francisco, Cal.
CONSTRUCTION DEPARTMENT.Electric Railways, Electric Light and Power Plants.Water Works, Gas Works. Irrigation Systems. &c..built.
FINANCE DEPARTMENT.Assistance given in financing meritorious enterprisesUtilities, transportation or Industrial purposes.
LONDON CORRESPONDENTS
J. G. WHITE az CO., Ltd.,9 Cloak Lane, Cannon St.. LONDON, E. C.
Steam Railroads.&c.. designed and
for Public Service
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126 INDEX TO RAILWAYS. Lxxxxi.
Pace.Seattle Ry.—See Seattle Electric Co 108Seattle Renton & SoUthern By. Co 108Seattle-Tacoma Interurban—See Puget Sound
Electric Ry 109Seattle-Tacoma Power Co 108Seattle-Tacoma Short Line 120Sea View RR.—See Brooklyn Union El 18Second Avenue RR.—See Metropolitan St. Ry.System (N. Y.) 80
Second Avenue Traction—See United Traction 93Second & Third St. Pass. Ry.—See Union Tr_ 89Sedalia Light & Traction Co 109Selma Street & Suburban By 109Seventeenth & Nineteenth Street PassengerBy —See Union Traction System 89
Seventeenth St. Incline Plane Co 94Shamokin & Mt. Carmel Transit Co 109Sharon es Newcastle Rys.—See Mah. 80 Shen.Railway & Light 117
Shawnee-Tecumseh Traction Co 109Sheboygan Light, Power 80 Ry.—See Sheboy-gan Railway 80 Electric Co 109
Sheboygan Railway & Electric Co_. 109Shelbyville & Ohio River Elec. RR 120Sherbrooke (Que.) Street Ry 120Shore Line Elect. RR.—See Tarrytown White
Plains & Mamaroneck 81Shreveport Traction Co 109Sierra & San Francisco Power Co 107Sioux City Service Co 109Sioux City Traction—See Sioux City Ser. Co.. _109Sixth Ave. RR.—See Metropolitan St. Ry_ 80Slate Belt Electric Street RV 86Slatington St. Ry.—See Lehigh Valley Tran 6Snoqualmie Power Falls—See Seattle-TacomaPower 108
Somers & Enfield Elec. Ry.—See Hartford& Springfield St. By 113
Somerset Union & Middlesex Lighting Co, _ _ _ 72Somerville Horse RR.—See Boston El. Ry.... 12South Bend & So. Mich.Ry.—See So Mich.R.110South Brooklyn Ry.—See Brooklyn Rapid
Transit 17South Chicago City Ry.—See Cal. & So.Ch.Ry. 24South Covington 60 Cin. St. Ry.—See Cincin-
nati Newport ec Covington By 35South Ferry—See Broadway & Seventh Ave..- 79South Jersey Gas, Electric & Traction 72South Middlesex St. Ry.—See Middlesex ec
Boston St. Ry 12South Orange 86 Maplewood Traction 73South Side El. RR. Chicago 27South Shore & Boston St. By 15South Shore Traction 85South Yuba Water Co.—See Pa o.Gas &Elec.Co.103Southern Boulevard RR.—See Union Ry 81So. Colo. Pow. & Ry.—See Colo. By. 60 Lt.... 115Southern Electric Securities Co 78Southern Heat, Light do Power Co.—See Phila-
delphia Co 92Southern Light & Traction Co. (Natchez)—See
Southern Railway & Light Co 71Southern Light & Traction (San Antonio)_ _ _ _102Southern Michigan By 110Southern Ohio Traction—See Cin. Dayton &
. Toledo Traction 34Southern Hallway & Light Co 71Southern Street y.—See Chic. City & Conn.Rys 24
Southern Traction Co. of Illinois 120Southern Traction—See Pt'gh Rys. Co 92Southern Wisconsin By. Co 67
—Pace.
Southwestern Street By. (under United Power& Trans.) 90
Southwestern Traction—See London 53 LakeErie Ry. 60 Transportation Co 118
South West Missouri Railroad 117Spokane & Inland Empire Ry. 110Spokane & Inland Ry.—See Spokane & In-
land Empire Ry 110Spokane Terminal Co. _See Spokane & InlandEmpire By 110
Spokane Traction Co.—See Spokane & InlandEmpire Ry 110
Springfield Belt By. Co.—See Ill. Trac. Co.._ _ _ 38Springfield (Ill.) Consolidated Railway—See
Union Railway, Gas & Electric 110Sprincileld & Eastern Street By 75Springfield El. By. (Vt.) 111Springfield (Mo.) Gas & Elec. Co.—See Spring-
field By. & Light Co 111Springfield (Ill.) & Jacksonville Electric By _120Springfield & Northeastern Traction Co.—See
Illinois Traction Co 38Springfield (Ohio) Ry.—See Amer. Rys. Co 87Springfield (Ill.) Railway & Light Co.—See
Union Railway, Gas & Electric 110Springfield By. Cos.—See New Eng Invest& Sec 75
Springfield (Mo.) By. & Light Co 111Springfield (Mass.) St- Ry.—See New Eng.
Invest. & Sec. 75Springfield (Mo.) Traction—See SpringfieldBy. & Light Co 111
Springfield Troy & Piqua Ry 111Springfield ec Washington By 120Springfield Wilmington & Cincinnati 120Springfield & Xenia Railway. 111Springfield & Western Ry.—See Ind., Col. &
Eastern 33Stamford Street RR.—See Conn. Co 74Standard Electric Co.—See Cal. G. & El.Corp ... 103
Stark Electric RR 8Staten Island Midland By 111Steinway Ry.—See N. Y. & Queens Co. Ry 62Steubenville & East Liverpool By. & Lt. Co 43Steubenville Mingo & Ohio Valley Traction—See Steub. & Wheel. Trac 117
Steubenville Traction & Light Co.—See Steu-benville & East Liverpool By. & Lt. Co_ 43
Stillwater ec Mechanlcville—See Hud. Val. By. 5Stockton Electric RR 111Streator Gas & Lt. Co.—See Ill. Val. G. & &_111Suburban Railroad (Chicago) 27Suburban Rapid Transit Co. (Winnipeg) 120Suburban Rapid Tran. St. Ry., Pittsburgh,Pa 94
Suffolk Syndicate 85Suffolk Traction Co 85Susquehanna By. Lt. & Power Co 59Sutro RR.—See United RR. of San Francisco_107Sutter St Ry.—See United RR. of San Fran-
cisco 107Syracuse Lake Sh & Nor. RR. (with map) .....111Syrawise Lakeside & Baldwinsville Ry.—SeeSyracuse Lake Shore & Nor. RR 111
Syracuse Rapid Transit By 101Syracuse & South Bay Elec. RR.(with map) _111Syracuse & Suburban RR 113
Page.Tacoma Ry. & P.—See Puget S. El. Ry_ _109A amaqua 63 Lansford Street Ry.—See
_ East
Penn. Rys 97Tamaqua & Pottsville Electric RR.—See East.Penn. Rys 97
Tampa Electric Co 113Tarrytown White Plains & Mam. Ry 81Taunton 60 Brockton Street Railway—See
Old Colony Street Railway 14Taunton 53 Buzzard's Bay St. Ry.—See New
Bedford & Onset By 74Taunton & Pawtucket St. By 113Taunton Street Ry.—See Old Colony St. By.. .14Temple St. Cable Ry.—See Pac. Electric By.. 62Terminal Power Co 38Terre Haute Indianapolis & Eastern TractionCo (with map) 53
Terre Haute Traction de Light Co 54Terre Haute & Western By. Co.—See TerreHaute Traction & Light 54
Texas Traction Co 35Third Avenue RR (N. Y.) 80Thirteenth & Fifteenth Sts. Pass. Ry.—SeeUnion Traction System 89
Thirty-fourth St. Crosstown Ry.—See Metro-politan St By. System 80
Tide Water Power Co. 117Toledo Ann Arbor & Detroit Ry 120Toledo Bowling Green & Southern Traction__ _115Toledo & Chicago Interurban Ry _120Toledo Columbus Springfield & Cincinnati Ry_120Toledo Consolidated St. Ry.—See Toledo Rys.& Light Co 113
Toledo Electric Street Ry.—See Toledo Rail-ways & Light 113
Toledo Fayette & Western By 115Toledo & Findlay St. Ry.—See Toledo Bowling
Green & Southern 115Toledo Fostoria & Findlay 115Toledo Fremont Fe Norwalk St. Ry.—SeeLake Shore Elec 30
Toledo Port Clinton & Lakeside By Co 115Toledo Railways & Light Co. (with map) 113Toledo Traction—See Toledo itys. & Lt. Co_ _113Toledo Urban de Interurban lty.—See Toledo
Bowling Green & Southern Traction 115Toledo Waterville & Southern—See Maumee
Valley Rys. & Light Co 113Toledo & Western RR 113Tonawanda Electric RR.—See International
Tractson 19Tonawanda St. RR.—See International Trac _ 19Topeka By 115Toronto (Canada) By 119Toronto & York Radial Ry.—See TorontoBy. (Canada) 119
Torrington & Win. St. Ry.—See Conn. Co.._ _ _ 74Tractional Co. of New Jersey 19Transit Development Co.—See Brooklyn
Rapid Transit Co 17Trappe & Limerick Elec.—See Box. Chest.
Hill & Norristown 90Trenton Bristol & Philadelphia Street Ry_...... 91
Best Net Financial Returnsfor the average interurban or long suburbanrailway are insured by the adoption of the
1200 Volt Direct Current SystemConstruction costs and consequently
fixed charges are lower than with anyother system, and maintenance costs arefully as low.
These statements are borne out bythe satisfactory experience of the Indian-apolis & Louisville Traction Co., Indian-apolis, Columbus & Southern Traction
Co., Central California Traction Co. andPittsburgh Harmony Butler & New CastleRailway Co., each of which is equippedwith General Electric 1,200 volt apparatus
Our Railway Department will bepleased to submit estimates of the costof the 1,200-Volt System as comparedwith others.
General Electric CoffipalyNew York Office: Principal Office:30 Church Street SCHENECTADY, N. Y.
Sales offices inall large cities
For Great Britain and Ireland: The British-Thomson-Houston Co., Ltd., of Rugby, and 83 Cannon St., London, E. C.
2286
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OCT., 1910.] INDEX TO RAILWAYS. 127
Page.Trenton Gas & Elect.—See So. Jersey Gas.
Electric & Traction 72Trenton Ham. & Ewing—See Trenton St. Ry_ 90Trenton Lakewood & Atlantic_120Trenton & New Brunswick RR.—See Eliza-
beth & Trenton RR 88Trenton New Hope & Lambertville St. Ry.—
See New Jersey & Pennsylvania Traction Co_115Trenton Pennington & Hopewell Street Ry.—See Trenton Street Rv 90
Trenton (N. J.) Street Ry 90Tri-City Ry.—See 'ill-City Ry. & Lt. Co 38Tr -City Railway & Light Co. (with Map) _ _ 38Trinidad Electric RR___JSee Colorado Rail-1Trinidad Elec. Lt.&Pow.lway & Light J115Troy City Ry.—See United Trac. (Albany)— - 5Troy 11111 Pass. Ry.—Sec Fed. St. & P. ValleyP Ry 93
Troy & New England Ry 115Tuscaloosa Belt Ry.—See Blrm. & Gulf Ry. &Nay. Co 115
Tu con Rap. Tr.—See Fed. Lt. & Trac 81Tuscarawas Trac. Co.—See Can.-Ak. Cons. Ry. 5Twenty-Secona St. & All. Av. Pass. Ry 89Twenty-Eighth & Twenty-Ninth Streets Cross-town RR.—See Met. St. Ry. System 80
Twenty-third Ave. Elec. Ry.—See Oak. Tract. 83Twenty-Third St. Ry.—See Met. St. Ry. Sys 80Twin City General Electric Co 54Twin City & Lake Superior Ry 120Twin City Rapid Transit 69Twin State Gas & Electric Co 13
UUnion Consolidated Elevated RR.. Chicago 27'‘'nion Depot RR. (St. Louis, Mo.) —SeeUnited Railways Co 102
Union Electric (Dubuque) 43Union Elev. RR.—See Northwestern Elev. 27Union Gas & Elec. Co.—See Twin State Gas& Electric Co 15
Union Light, Heat & Power Co.—See Cin-cinnati Newport & Covington 35
Union Lt. & P. Co.—See Nashv. Ry. & Lt. Co. 70Union Loop—See Union Elevated RR 27Union Pass. Ry.—See Union Trac. System 89Union Railway, Gas & Electric (III.) 110Union By. of New York 81Union Ry.—See Chester Traction 91Union Street Ry. (New Bedford, Mass.) 74Uniontown & Monongahela Valley Ry.—See West Penn Rys. Co 94
Union Traction Co. (Coffeyville, Kan.) 32Union Traction Co. (Santa Cruz) 107Union Traction Co. of Indiana 6Union Traction (Philadelphia, Pa.) 89United Electric Co. of N. J 71Union Utilities Co 70United Gas & Elec. Co.—See Louisville &North Ry. & Light Co 66
United Gas & Electric Co.—See CaliforniaGas & Electric Corporation 103
United Gas & Electric Co. (Lancaster, Pa.)._ 60United Light & Rys. (Grand Rapids) 49United Power Co.—See E. Liv. Tr. & Lt. Co 43United Power & Transportation 89United Railroads of San Francisco (with map) _107United Rys. & Electric Co. of Baltimore 8United Rys. Investment Co. (San Francisco) _105United Railways Co. (Portland) 120United Railways Co. (St. Louis) 102United St. Ry . of Cent. N.J.—See Pub.Ser.Ry 72United Service Co. (Scranton, Pa.) 120
Urbana & Champaign Ry. Gas & Elec. Co 36Urbana Lt. H. & P. Co.—See Ill. Trac. Co 38Utah Light & Power Co.—See Utah Light &By. 102
Utah Light & Ry Co 102Utica Belt Line Street RR.—See Utica &Mohawk Valley Ry 99
Utica & Mohawk Valley Ry 09Utica Southern Ry 120Utica & Suburban—Sec Utica & MohawkValley Railway 99
Uxbridge & Blackstone St. Ry.—See Worces-ter & Blackstone 75
Vallejo Gas Lt. Co.—See Pao. Gas & Elec. Co 10.".• alley Counties Power Co.—See PacificGas & Electric Co 103
Valley Traction Co 50Van Brunt Street & Erie Basin RR 18Vicksburg By. & Lt. Co.—See Vicksburg Trac.115Vicksburg Traction 115Vincennes Citizens St. Ry.—See Vin. Trac 115Vincennes Traction Co 115Vincennes Trac. & Lt. Co.—See Vin. Trac_ __ _115Virginia Passenger & Power Co.—See VirginiaRailway & Power 99
Virginia Electric Ry. & Development Co.—SeeVirginia Railway & Power 99
Virginia Railway & Power 99
Wabash River Traction Co.—See Ft. Wayne& Wabash Valley Traction Co 46
Wakefield & Stoneham St. Ry.—See Boston& Northern Street Ry 14
Walden & Orange Lake.—See Orange Co. Trac. 82Walkill Transit Co 68Walla 'Walla Valley Traction Co.—See PacificPower & Light Co 97
Waltham St. Ry.—See Middlesex & Boston_ 12Ware & Brookfield Street By 117Warren Brookfield & Spencer Street Ry 116Warren Co. Ry.—See Hudson Valley By 5Warren & Jamestown St. Ry 116Washington Alexandria & Mt. Vernon Ry ...._116Washington Arlington & Falls Church fly.. _.116Washington Baltimore & Annapolis Elec. Ry_116Washington & Canonsburg Railway Co 93Washington & Georgetown—See Capital Tr_ _116Washington & Glen Echo RR.—See Washing-ton Railway & Electric 116
Washington & Great Falls Electric Ry.—SeeWashington Railway & Electric 116
Wash. & Rock. Ry.—See Wash Ry. & Elec116Washington Spa Springs & Gretta 120Washington St. Rys. Co.—See Wash. Railway& El _116
Washington Railway & Electric Co 116Washington (Ohio) Traction Co 120Washington Water Power, Spokane 110Wash. Woodside & For. Glen Railway& PowerCo 116
Waterloo Cedar Falls & North. Rap. Tran 116Waterville & Fairfield Ry. & Light 117
Webb City Northern El. Ry'.—See SouthwestMissouri RR , . 117
Webster & Dudley 75Weehawken Contracting Co • 72Wellesley & Boston St. Ry.—See Middlesex &Boston Street Ry 12
Westboro & Hopkinton St. Ry.—See Middle-sex & Boston Street Ry 12
Westchester Electric—See Union Ry., N. Y 81West Chester Kennett & Wilmington Elec.Ry_ 57West Chester Street Ry 117Westchester Street RR 81West Chester & Wilmington Elec. Ry 117West End Passenger Ry.—See Frankford &Southwark Passenger Ry 89
West End Stre ,t By. (Boston) 12West End Street Ry.—See Deny. City. Tram_ 40West End St. Ry.—See Lane. Co. Ry. & Lt 60West End Traction, Pittsburgh, Pa.—See
Pittsburgh Railways Co 92West. Mass. St. Ry.—See Spgfd. St. Ry 75Western New York & Pennsylvania Trac. Co.. 84Western Ohio Railroad 61Western Ohio Railway—See Western Ohio RR. 61Western Railways & Light Co 84Westhampton Park Ry.—See Va. Ry. & Pow_ 99West India Electric Co 118West Liberty St. Ry.—See Pitts. & Birm.Traction Co 93
West Liberty & Suburban St.—See Pitts. Rya_ 92Westmoreland County Ry 40West Penn Rys. Co.—See West Penn Trac__ 94West Penn Traction 94West Phila. Pass. Ry.—See Union Trac. Sys 89West Roxbury & Roslindale St. By 15West Shore Traction _ 120West Shore Ry.—See Conn. Co 74West Side RR.—See Elmira W., L. & RR. Co_ 45West Water St. RR.—See Elmira W. L. &RR 45
Wetzel & Tyler RR. Co 120Whatcom County Ry. & Light Co 9Wheeling & Elm Grove RR.—See City & ElmGrove RR 117
Wheeling Ry.—See Wheeling Traction 117Wheeling (West Virginia) Traction 117Wheeling & Western Ry.—See Wheel. Trac_ _117Whitehall & Granville RR 120Whitman St. Ry.—See Old Colony St. Ry 14Wichita RR & Light 85Wilkes-Barre Co 60Wilkes-Barre Dallas & Harvey's Lake Ry 91Wilkes-Barre Gas & Elec. Co.—See Wilkes-Barre Co 60
Wilkes-Barre & Hazleton Rfi 51Wilkes-Barre & Hazleton RR 51Wilkes-Barre By 90‘VIIkes-Barre Term. RR_ 51Wilkes-Barre & Wyoming Valley Traction_ 90Wilkinsburg & East Pittsburgh St. Ry.—SeeMonongahela Street Ry. Co 94
Wilkinsburg & Verona Street Ry.—SeeMonongahela Street By. Co 94
Willamette Bridge Ry.—See Portland Ry 97Willimantic Traction Co.—See Conn. Co 74Wilmington (Del.) City Ry.—See Wilmington& Chester Traction 91
Wilmington & Chester Traction Co 91IVIIm. & Ed gem ore.—See Wilm & Chester Trac. 91Wilmington New Castle & Southern By 117
H. M. BYLLESBY & COMPANY
Engineers—Managers
Design Construct OperateArtificial Gas SystemsStreet RailwaysWater WorksElectric Light PlantsIrrigation Systems
Natural Gas SystemsInterurban RailwaysWater Power PlantsTransmission SystemsDrainage Systems
Examinations—Reports
218 La Salle StreetChicago
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• ,.;:k,i
I28 INDEX TO RAILWAYS. [VoL. Lxxxxi.Pape.
Wilmington & Philadelphia Traction 91Wilmington (N. C.) Street Ry.—See Consol.Railways Light do Power Co 117
Win. do B. Horse R R.—See Burlington Trac. Co 21Winchester Ave. Ry.—See Conn. Co 74Windsor Essex & Lake Shore Rapid By 120Windsor Locks Traction Co.—See Hartford& Springfield Street By -113
Windsor & Tecum. Elec. Ry.—See San. Win.& Amb b. Ry 42
Winnebago Traction (Oshkosh)—See Wiscon-sin Electric By 46
Winnipeg Electric By 119Winnipeg_ Electric St. Ry.—See Winnipeg
Elec. By 119Winnipeg Selkirk & Lake Winnipeg By 120Winnisimmet RR.—See Bos. do North. St. Ry_ 14WinOna Interurban By 116
Pape.Winona (Minn.) By. do Light Co 117Winona do Warsaw Ry.—See Winona Inter 116Winston-Salem Railway & Electric 117Wisconsin Electric By 46Wisconsin Traction Light Heat & Power 89Woburn & Reading—See Boston do North 14Woonsocket Street Ry.—Sec Connecticut Co 74Worcester & Blackstone Valley Street By 75Wore. & Olin. St. RI, —See Wore. Cons. St. By 77Worcester & Conn. East. Ry.—See Conn. Co_ 74Worcester Consolidated Street By 77Worcester & Holden Street Ry 77Worcester & Marlborough Street Ry.—See
Worcester Consolidated 77Worcester Railways & Investment Co 75Worcester & Southbridge Street By 75Worcester do Webster Street By 75Woronoco St. Ry.—See Spgfd. St. By 75
Pape.Wyandotte do Detroit River Ry.—See Detroit
United Railway 42
ir grfiaigvi 81Railways lt7Youngstown do Ohio River RR 80Youngstown-Sharon By. & Light.—SeeMahoning & Shenango By. & Light Co__117
Youngstown & Southern By 117Ypsilanti do Saline Ry.—See Det. YpsilantiAnn Arbor do Jackson 42
Zanesville Electric Light Co.—See Col.Newark do Zanesville 3 '
Zanesville Electric Ry.—See Col. Newark& Zanesville 3
Zanesville By. Light & Power Co.—SeeCol. Newark do Zanesville 3
E. W. CLARK & CO.BANKERS AND BROKERS
Members of the Philadelphia and New York Stock Exchanges
321 Chestnut Street, Philadelphia
SPECIALISTS IN THE STOCKS AND BONDS OF THE FOLLOWING COMPANIES
Bangor Railway & Electric CompanyChattanooga Railway & Light Co.Columbus Railway & Light Co.Commonwealth Power, Railway & Light Co.Denver & Northwestern Railway Co.East St. Louis & Suburban Co.Grand Rapids Railway Co.
Lewiston Augusta & Waterville St. RyPeoria Light CompanyPortland Railway Light & Power CompanySaginaw=Bay City Railway Co.St. Joseph Ry. Light, Heat & Power Co.Springfield Railway & Light CompanyUnion Railway Gas & Electric Co.
EDWARD B. SMITH & CO.SECURITIES
OF
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PROPERTIES
Investment ListsSupplied on Request
BANKERS Careful consideration
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N. E. Cor. Broad and Chestnut Sts. for consolidating or
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Members New York and Philadelphia Stock Exchanges
GRAHAM & CO.BANKERS
435 Chestnut St., PHILADELPHIA
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